Popular Post Urbannizer Posted May 2, 2016 Popular Post Share Posted May 2, 2016 Drewery Place, Phase I: Phase II (now known as Laneways Midtown) : https://skyrisecities.com/database/projects/district Quote Melbourne high-rise developer Joe Russo has secured two development sites in Houston, Texas, with plans for about 1000 apartments. He paid about US$8 million ($10.5 million) for a small block in Houston's "latte and laptop" mid-town district with plans for more than 350 apartments over 28 levels. Russo told the Australian Financial Review it had an end value of about $228 million. He has also bought a second site across the road that will hold more than 600 apartments, with plans including shops and a piazza. "I looked at five cities in the US and fell in love with Houston," he said. "It's a growing city with 6.5 million people, the biggest medical precinct in the US. In the midtown area where I have acquired my sites, there's a lot of gentrification going on with bars and restaurants opening up and a new light rail in operation." 16 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted May 2, 2016 Author Share Posted May 2, 2016 http://caydon.com.au/portfolio-newsletter-overview-from-joe-russo/ Further exciting news, Caydon is expanding to International markets. I am pleased to have purchased a site in Houston, Texas, over the Christmas break to develop a 24 level development. The site was a no brainer - great location close to amenity, transport and infrastructure. We are working with some of America’s best architects to ensure the renowned Caydon quality is carried over to the US, we anticipate construction will commence later this year. 8 Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted May 2, 2016 Share Posted May 2, 2016 Wow! residential highrise in mid-town? And, a shorter building with 600 apartments across the street? Close to "amenities and transportation". .......any guesses on what lots we are talking about here? 3 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted May 2, 2016 Share Posted May 2, 2016 "Latte and laptop District" Lol sorry Midtown'ers 4 Quote Link to comment Share on other sites More sharing options...
cspwal Posted May 2, 2016 Share Posted May 2, 2016 Looking at Google earth of Midtown, the two most obvious blocks are the two blocks bounded by Webster, Gray, Austin, and Crawford. They have been green field for a while, and I'm not aware of any projects around there that have been announced. There aren't many other dual vacant blocks; the ones next to Wheeler station had that announced project a while back. A good spot if they are tearing down parking lot and old buildings might be the blocks between Anita, Rosaile, Milam, and Main or Main, Anita, Drew, and Fannin. There's still plenty of spots in midtown, but two vacant blocks do seem to be in short supply 1 Quote Link to comment Share on other sites More sharing options...
Triton Posted May 2, 2016 Share Posted May 2, 2016 18 minutes ago, cspwal said: Webster, Gray, Austin, and Crawford. Sounds right. We've been hearing rumors about these lots for years. 2 Quote Link to comment Share on other sites More sharing options...
Popular Post H-Town Man Posted May 2, 2016 Popular Post Share Posted May 2, 2016 Damn light rail doesn't attract any development... 13 Quote Link to comment Share on other sites More sharing options...
Avossos Posted May 2, 2016 Share Posted May 2, 2016 45 minutes ago, Triton said: Sounds right. We've been hearing rumors about these lots for years. I don't believe this "sounds right"... I would imagine it would be much closer to the light right and ground floor retail. 2 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted May 2, 2016 Share Posted May 2, 2016 I would think those two blocks on Gray would be very risky for a highrise with GFR. My guess is that it's somewhere near but west of Main. Quote Link to comment Share on other sites More sharing options...
cloud713 Posted May 2, 2016 Share Posted May 2, 2016 Interesting (but awesome!) that the 350 unit building would be 24-28 stories.. 600 units on one block, with a piazza, seems like a pretty dense development. 4 Quote Link to comment Share on other sites More sharing options...
urbanize713 Posted May 2, 2016 Share Posted May 2, 2016 Could this be the project next to MATCH? Only question would be which is the other block he is referring to? Quote Link to comment Share on other sites More sharing options...
cspwal Posted May 2, 2016 Share Posted May 2, 2016 Maybe the block across Main? I doubt the townhouses would be knocked down. Maybe it's the CVS at Elgin and Main???? Quote Link to comment Share on other sites More sharing options...
Triton Posted May 2, 2016 Share Posted May 2, 2016 (edited) 3 hours ago, Avossos said: I don't believe this "sounds right"... I would imagine it would be much closer to the light right and ground floor retail. My money goes on some location around Sears or one of the W Gray lots.. Let's see where it ends up! Edit: Perhaps Alexan sold their site. We had heard rumors the gas station would be torn down and that an 11 story apartment complex was going up across the street from the old Central Bank Building. It's been fenced up ever since that rumor came out. Edited May 2, 2016 by Triton 2 Quote Link to comment Share on other sites More sharing options...
LarryDierker Posted May 2, 2016 Share Posted May 2, 2016 The "small block" is mcdonalds. The "across the street" block is the greyhound station. 7 1 Quote Link to comment Share on other sites More sharing options...
cspwal Posted May 2, 2016 Share Posted May 2, 2016 We can dream 2 Quote Link to comment Share on other sites More sharing options...
Popular Post corbs315 Posted May 2, 2016 Popular Post Share Posted May 2, 2016 (edited) See page 11 of this newletter; appears to be next to the superblock (and only minutes away from the Medical Precinct!): http://caydon.com.au/wp-content/uploads/2016/03/COR084-Portfolio-Newsletter-March-2016_DIGITAL_2.pdf?utm_campaign=CAY-General&utm_source=Caydon-EDM&utm_medium=Button&utm_content=View-Full-Newsletter_March-2016-Portfolio-Newsletter Edit: Between Art Bar and Greensheet along Main. Edited May 2, 2016 by corbs315 11 Quote Link to comment Share on other sites More sharing options...
Nole23 Posted May 2, 2016 Share Posted May 2, 2016 (edited) ^ Nice find! So I'd imagine they'll be knocking those buildings down that currently occupy the lots. Edited May 2, 2016 by Nole23 2 Quote Link to comment Share on other sites More sharing options...
cspwal Posted May 2, 2016 Share Posted May 2, 2016 Quote It is also a short five minute tram ride to the Medical Precinct, 1 Quote Link to comment Share on other sites More sharing options...
cspwal Posted May 2, 2016 Share Posted May 2, 2016 More seriously, It looks like it is currently the home of Art Supply, which is one of the only hard goods retail spot in Midtown on Main street 1 Quote Link to comment Share on other sites More sharing options...
corbs315 Posted May 2, 2016 Share Posted May 2, 2016 3 minutes ago, Nole23 said: ^ Nice find! So I'd imagine they'll be knocking those buildings down that currently occupy the lots. Any possibility of east midtown development will get me sleuthing. 1 Quote Link to comment Share on other sites More sharing options...
HtownWxBoy Posted May 2, 2016 Share Posted May 2, 2016 Awesome news Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted May 2, 2016 Share Posted May 2, 2016 Very interesting. Always nice to get a fresh developer, and a highrise in Midtown. 1 Quote Link to comment Share on other sites More sharing options...
htownproud Posted May 2, 2016 Share Posted May 2, 2016 I hope they wait to knock any buildings down until this project is a firm go with all financing. The project sounds great, but seems a bit ambitious in the current market, so would hate to have another empty lot along the rail line if it fails through. Quote Link to comment Share on other sites More sharing options...
swtsig Posted May 2, 2016 Share Posted May 2, 2016 well the link above specifically mentions that the project is being timed to coincide with the lull in multifamily deliveries anticipated to occur in 2017 and 2018 so it sounds like they understand the market at least somewhat well. be curious to see if they carry through with it - it would be great to get some new perspective on development here. 2 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted May 2, 2016 Author Share Posted May 2, 2016 1 hour ago, corbs315 said: See page 11 of this newletter; appears to be next to the superblock (and only minutes away from the Medical Precinct!): http://caydon.com.au/wp-content/uploads/2016/03/COR084-Portfolio-Newsletter-March-2016_DIGITAL_2.pdf?utm_campaign=CAY-General&utm_source=Caydon-EDM&utm_medium=Button&utm_content=View-Full-Newsletter_March-2016-Portfolio-Newsletter Edit: Between Art Bar and Greensheet along Main. Via Streetview: 5 Quote Link to comment Share on other sites More sharing options...
hindesky Posted May 3, 2016 Share Posted May 3, 2016 2 hours ago, Urbannizer said: Via Streetview: I was going to guess the Sears and the surface lot next door, but this makes more sense. 1 Quote Link to comment Share on other sites More sharing options...
Triton Posted May 3, 2016 Share Posted May 3, 2016 3 minutes ago, hindesky said: I was going to guess the Sears and the surface lot next door, but this makes more sense. Same but this works too! 1 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted May 3, 2016 Share Posted May 3, 2016 (edited) 600 units on one of those blocks with a Piazza? Over exaggeration of the word or a very tall tower. Edited May 3, 2016 by Montrose1100 4 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted May 3, 2016 Share Posted May 3, 2016 8 minutes ago, Montrose1100 said: 600 units on one of those blocks with a Piazza? Over exaggeration of the word or a very tall tower. My thoughts exactly.. Even if there wasn't a piazza on the same block, 600 units is way more than any other single block development I can think of.. The design/layout of the site should be very interesting. Maybe the piazza would be tucked underneath an elevated structure? Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted May 3, 2016 Share Posted May 3, 2016 "Caydon's experience in building successful apartment developments in strategic locations in Melbourne makes them the ideal developer for these projects." Ummm... I guess. Kind of a strange sentence. Hope we're not being played like those three buildings in south downtown, Sky, Rise, and Edge, or whatever they were. Huey, Duey, and Louie. Quote Link to comment Share on other sites More sharing options...
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