Popular Post Houston19514 Posted January 14, 2015 Popular Post Share Posted January 14, 2015 Todd Interests, which is nearing completion of the redevelopment of One Dallas Center in downtown Dallas into apartments and office space, is in "hot in pursuit of another development deal – this one in Houston." They are looking to do more creative redevelopments and one of the deals on the table is the Petroleum Building (more recently known as the Great Southwest Building) in downtown Houston. They are looking to redevelop it into residential or hospitality. Yes, this interesting news about downtown Houston real estate redevelopment can only be found in the Dallas Morning News. 15 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted January 14, 2015 Share Posted January 14, 2015 Nice! Quote Link to comment Share on other sites More sharing options...
Triton Posted January 14, 2015 Share Posted January 14, 2015 Todd Interests, which is nearing completion of the redevelopment of One Dallas Center in downtown Dallas into apartments and office space, is in "hot in pursuit of another development deal – this one in Houston."They are looking to do more creative redevelopments and one of the deals on the table is the Petroleum Building (more recently known as the Great Southwest Building) in downtown Houston. They are looking to redevelop it into residential or hospitality.Yes, this interesting news about downtown Houston real estate redevelopment can only be found in the Dallas Morning News.What currently occupies it? Quote Link to comment Share on other sites More sharing options...
downtownian Posted January 14, 2015 Share Posted January 14, 2015 What currently occupies it? It's an office building. Stubhub has its last minute ticket pick up office there. Quote Link to comment Share on other sites More sharing options...
Avossos Posted January 14, 2015 Share Posted January 14, 2015 It's an awesome building. Anything they do to it, I hope they only increase its life. 1 Quote Link to comment Share on other sites More sharing options...
monarch Posted January 14, 2015 Share Posted January 14, 2015 wonderful news! Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted January 15, 2015 Share Posted January 15, 2015 I love this news. The Great Southwest Bldg. is beautiful and with a bit of sprucing up it could be a real gem. Irma's has a location in the lobby too. 2 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted January 15, 2015 Share Posted January 15, 2015 In fairness, it could be that a DMN reporter already had a contact with the developer, who is Dallas-based. But, I chuckled. This would be great at adding residential units at a more modest price point than new construction and land acquisition requires. IIRC it has low ceilings, which pretty much eliminates a certain type of buyer. 1 Quote Link to comment Share on other sites More sharing options...
nativehoustonion Posted January 15, 2015 Share Posted January 15, 2015 Great idea, the Great Southwest Building is so nice. I was worried that it was sitting there with all the new construction going on. I think "Irmas" is still there and would be cool to redeveloped it. Quote Link to comment Share on other sites More sharing options...
Subdude Posted January 19, 2015 Share Posted January 19, 2015 Glad to hear this. Years ago I posted a topic about a relief sculpture called "The Mad Driver" that was once incorporated into the Petroleum Building garage but seems to have vanished. It would be nice if that sort of detail could be restored. 1 Quote Link to comment Share on other sites More sharing options...
placoors Posted February 15, 2015 Share Posted February 15, 2015 Breaking news from HBJ: http://www.bizjournals.com/houston/morning_call/2015/02/two-residential-towers-approved-downtown.html?ana=e_hstn_bn_breakingnews&u=sEGD+NmMXoSSl74m8zHnnHECIl6&t=1424013832 8 Quote Link to comment Share on other sites More sharing options...
Texasota Posted February 15, 2015 Share Posted February 15, 2015 rad. i like the idea of townhouses around it too. 2 Quote Link to comment Share on other sites More sharing options...
lockmat Posted February 15, 2015 Share Posted February 15, 2015 Sweet. Ya know, we really do have some hidden historic gems downtown. It would be really cool to compile a photo list of historic downtown buildings we hope SHOULD look forward to future renovations to. I'd help but I'm not that knowledgable in that area. Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted February 15, 2015 Share Posted February 15, 2015 Good news. There are some existing low rise buildings on that block which will apparently be demolished for the parking garage and townhomes. I can't tell from my phone if they are historic or not but that is a potential concern.Townhomes, really? Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted February 15, 2015 Share Posted February 15, 2015 (edited) Looks like at least two of them (on the southwest corner) are indeed historic, 3-4 stories tall. The article does say "on Austin and Capitol," and only one of those buildings fronts Capitol.Hopefully it's not in the plan. Edited February 15, 2015 by H-Town Man Quote Link to comment Share on other sites More sharing options...
cloud713 Posted February 15, 2015 Share Posted February 15, 2015 I think townhomes are a great way of disguising a garage. Adds some variety to all the apartment units too. What streets are the historic buildings on? The townhouses only front 2 of the streets. 1 Quote Link to comment Share on other sites More sharing options...
LarryDierker Posted February 15, 2015 Share Posted February 15, 2015 overhead small structure on the side of the tower. Caroline and capitol Caroline and Texas: 2 Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted February 15, 2015 Share Posted February 15, 2015 WOW! This is GREAT news!In this great redevelopment news, let's not overlook a new Marquette property too! 1 Quote Link to comment Share on other sites More sharing options...
ClutchCity Posted February 15, 2015 Share Posted February 15, 2015 WOW! This is GREAT news!In this great redevelopment news, let's not overlook a new Marquette property too!Another 20+ story tower near the ballpark too! It's great that developers are continuing to follow through with some good developments, despite the "slowdown" in the energy industry. Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted February 15, 2015 Share Posted February 15, 2015 I think townhomes are a great way of disguising a garage. Adds some variety to all the apartment units too. What streets are the historic buildings on? The townhouses only front 2 of the streets.Will the petroleum building be apartments? I didn't see that in the article. My guess is that you are correct but, I actually hope that they are condos.I also hope that the townhomes are all brick and attached. Maybe like the back bay of Boston. That would be nice but, my first impression is that they will be "oddly out of place" in downtown Houston. 1 Quote Link to comment Share on other sites More sharing options...
Texasota Posted February 15, 2015 Share Posted February 15, 2015 The three other buildings on the block (ignoring the windowless monolith) could actually be renovated/integrated into new townhouses, which I think would be ideal. It's been done to varying degrees of success on Washington and in midtown. 2 Quote Link to comment Share on other sites More sharing options...
adr Posted February 16, 2015 Share Posted February 16, 2015 (edited) This really is one of downtown's gems. In my mind, it's up there with Esperson and Gulf. Really satisfying to hear it's going to be renovated into lofts. Petroleum Building by differentryana, on Flickr Petroleum/ Great Southwest Life Building by differentryana, on Flickr Edited February 16, 2015 by adr 7 Quote Link to comment Share on other sites More sharing options...
nativehoustonion Posted February 16, 2015 Share Posted February 16, 2015 Yes I love this building, great news. 1 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted February 16, 2015 Share Posted February 16, 2015 Hopefully they make some cool balconies for larger/more expensive units on those set backs on the upper floors. 1 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted February 16, 2015 Share Posted February 16, 2015 ^I really hope they don't. Hope they leave the exterior completely untouched. Don't even powerwash it. 3 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted February 16, 2015 Share Posted February 16, 2015 im not talking about altering the exterior.. just making it to where residents are able to get out on those set backs. i assume that decorative cornice(?) things around the edges of those provide some sort of "railing" needed for code? 2 Quote Link to comment Share on other sites More sharing options...
DNAguy Posted February 16, 2015 Share Posted February 16, 2015 Yes I love this building, great news. ^I really hope they don't. Hope they leave the exterior completely untouched. Don't even powerwash it. IDK. Gives me a terribly Zuul-like vibe here..... Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted February 16, 2015 Share Posted February 16, 2015 im not talking about altering the exterior.. just making it to where residents are able to get out on those set backs. i assume that decorative cornice(?) things around the edges of those provide some sort of "railing" needed for code? I doubt those roof tops are rated for an outdoor gathering area. Rooftops that carry people have pretty high requirements, as purdue will tell you. 2 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted February 16, 2015 Share Posted February 16, 2015 ah yes.. Purdue. crusher of dreams. heh.. true. i just figured it would be neat. 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted February 17, 2015 Popular Post Share Posted February 17, 2015 http://www.houstonchronicle.com/business/real-estate/article/Downtown-residential-towers-approved-for-6084117.php#/1 16 Quote Link to comment Share on other sites More sharing options...
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