Houston is a very cool city that has a lot to offer. I will also post some updates about development occurring in the city from time to time.

Here is a nice article that outlines some really cool features!

http://static.businessinsider.com/image/53a30db76bb3f75113fbfe73-1200/its-got-the-jobs-houston-is-the-no-1-city-for-job-creation-in-the-us-by-a-lot.jpg


There are 26 Fortune 500 companies headquartered in Houston, fewer than New York's 72 but well ahead of Dallas's 19 and Washington D.C.'s 20. Many are in the city's "energy corridor," the home of the oil and gas industry.

They include Conoco Phillips, Marathon Oil, Sysco, Apache, Halliburton, and many more.


It hosts the world's largest concentration of healthcare organizations, with scientists working hard to beat cancer.

Read more: Houston Best City In America - Business Insider (http://www.businessinsider.com/houston-best-city-in-america-2014-6?op=1#ixzz36EJh97JN)

The Texas Medical Center is the largest single employer in Houston, and the largest medical center in the world, with 21 hospitals, eight academic and research institutions, and 50 total related organizations, all not-for-profit.

The complex is larger than downtown Dallas.

Institutions include the University of Texas M.D. Anderson Cancer Center, one of the world's premier cancer treatment and research hospitals, which is spending billions in an aggressive push to cure five types of cancer.

http://static.businessinsider.com/image/53a30e3eeab8ea8b326c4131-1200/houstons-unemployment-rate-is-significantly-below-the-national-level.jpg


Houston's port is the largest in terms of international tonnage handled, and third in terms of trade value. That means a great deal of international business and trade.

That means even more jobs.

It's also exceptionally business friendly, and is the only major U.S. city without zoning laws.

That port itself, along with Houston's strength in the energy sector and proximity to Latin America, enticed more than 100 foreign-owned companies to either expand, start new businesses, or relocate to Houston between 2008 and 2010.


A paycheck goes farther in Houston than any other major metropolitan area.

Living well isn't just about high pay. It's about how much everything costs. You can't beat Houston here.

When you adjust for cost of living, Houston has the highest pay in the country at $73,418, ahead of places like the San Jose area, which has high wages but extremely high costs.

http://static.businessinsider.com/image/53a30fdcecad04f03125a670-400/a-paycheck-goes-farther-in-houston-than-any-other-major-metropolitan-area.jpg



Houston recently passed New York to become the most ethnically and racially diverse city in the U.S.

According to Census data, Houston is the most racially and ethnically diverse large metropolitan area in the U.S. Some 400,000 foreign-born residents moved to the city between 2000 and 2010.

The Anglo population in Houston is 39.7%, compared to 48.9% in New York, there are nearly as many Latinos as Anglos, and there's a large and rapidly growing Asian population.


The New York Times calls it "one of the country's most exciting places to eat."

T.Tseng/Flickr
The publication gave glowing reviews to innovative Houston restaurants Oxheart and Underbelly. Its chief food critic, Pete Wells, wrote that Houston is becoming "one of the country's most exciting places to eat."

There's also an outpost of Uchi, one of America's most lauded sushi restaurants, and much more.


Housing is more affordable here. Houston didn't experience a housing bubble the way the rest of the country did.

http://static.businessinsider.com/image/53a30efc69bedda40adfb229-1200/housing-is-more-affordable-here-houston-didnt-experience-a-housing-bubble-the-way-the-rest-of-the-country-did.jpg


Houston's got more parks than any other top-10 metropolitan area.

Though it's known for its association with the oil industry, Houston has lots and lots of parks and green space — 50,632 acres in total. That puts it third in the U.S. behind only San Diego and Dallas in acreage per capita.

The city's been investing a large amount in building out this space, particularly building out the space surrounding the Buffalo Bayou, Houston's main waterway.


The combination of the University of Houston and Rice University means there are a bunch of smart people around.

It's not quite the college town that Boston is, but Houston's higher education system is nothing to sniff at. The University of Houston has some 39,000 students and was elevated to Tier One status as a research university by the Carnegie Foundation in 2011.

Rice University is one of the country's best undergraduate schools, ranked 18th nationally, with particularly strong programs in applied sciences.


The city is filled with unique, world-class museums and cultural landmarks, like the Rothko Chapel.

Houston's Museum of Fine Arts is among the largest museums in the U.S., and one of the best collections of American decorative art and furniture in the house of a former trustee, along with 14 acres of former gardens.

Mark Rothko spent three years creating the works of art that inhabit The Rothko Chapel, which he also helped design.

There are 19 total museums in a 1.5 mile radius that make up the Houston Museum District.


Houston has one of the largest rodeos in the world.

The Houston Livestock Show and Rodeo, held annually in Reliant Stadium, is one of the biggest in the country, attracting over 2.4 million visitors in 2014.

The annual event features over 20,000 livestock exhibits; every fried food under the sun, from fried Oreos to deep-fried Nutella; and nightly concerts featuring country music heavyweights such as Brad Paisley and the Zac Brown Band.

There is more here: Houston Best City In America - Business Insider (http://www.businessinsider.com/houston-best-city-in-america-2014-6#see-where-the-magics-happening-19)

Here's another cool article about the city's small businesses: Coolest Small Businesses Houston - Business Insider (http://www.businessinsider.com/coolest-small-businesses-houston-2013-6)

Besides the driving, Houston is one of my favorite regional cities that I frequent. Always have a good time and people seem more grounded that the Dallas types.

I love Houston myself. I even prefer it to DFW, though both are great cities. Houston traffic though is atrocious. Last time I was there was in the middle of the I-10 road construction. In my opinion, traffic is a necessary evil that comes with living in a desirable city.

Yeah it doesn't really matter, any major city will have bad traffic

New renderings of Houston new signature tower. 609 Main. (757 ft.) U/C

https://farm4.staticflickr.com/3914/14881151093_a860cdc6c5_b.jpg

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https://farm4.staticflickr.com/3840/14838289926_ce230618a4_b.jpg

Also check out the movie. http://www.609main.com/themovie/

Houston is a @%*#hole, but I really do like it.

It kicks the crap out of Dallas in terms of anything remotely related to culture. Minus the abhorrent development practices, it is a city I wish more OKC people would look to for inspiration. They have a fantastic food scene and they actually give a crap about the arts (for example: Best opera company in the region).

Houston is certainly not a sh!t hole in any sense of the word. They have suburban skylines that kick the crap out of the dt OKC skyline any day of the week and is expected to overtake Chicago's city population by the decades end. The amount of development in Houston is just mesmerizing and all with major huge highways and six Lane roads with minimal building codes.

The only thing Dallas has against Houston at this point is a better light rail system. Last I heard, Houston is about to invest billions in new light rail construction.

I Honestly wanted to post a bunch a bunch of development going on in Houston here, but I frankly don't have the time. I was in Houston two weeks ago and couldn't believe how much was going on.

It truly is incredible how much is going on in Texas. Dallas, Austin, and Houston are just monsters at this point.

When I was talking with some friends down there, we were joking around that it would be nice to see a multi billion dollar Opera House development in OKC on the river. I truly would like to see that.

Houston is underrated imo. There is so many things you can do, like even going surfing at Surfside Beach which is one of the better beaches they have in the Houston metro. From Museums to food to world wide culture. Houston has it.

Speaking of beaches, here is Surfside Beach.

http://beachestx.com/wp-content/gallery/beach-music/267911_173801789346111_2219400_n.jpg
Surfside Beach House Rentals | Texas Beach House Rentals (http://beachestx.com/surfside-beach-texas/beach-music/)

The location is located at the western edge of San Luis Island, west of Galveston Island.

I travel to Houston about once a year for business. I'm always amazed by the amount of new development especially recently. I do think we are seeing a world class city in the making. I don't like a lot of the new urban residential development though there is a lot of it and it's transforming the inner city.

All the development that's going on is head spinning. From new restaurants to the light rail expansion. Still I will keep track as well on developments. Speaking of which a new 40 story apartment tower has just broken ground in downtown.

http://ww1.hdnux.com/photos/31/12/12/6595216/9/784x2048.jpg
Record size residential project set to rise downtown - Houston Chronicle (http://www.houstonchronicle.com/business/real-estate/article/Record-size-residential-project-set-to-rise-5621007.php?cmpid=btfpm)

Just depends where you are in Houston, Teo9969. Parts of the city do look like a 3rd world country, but the mayor of Houston is revitalizing the Wards section in which is coming along nicely that I might add. :)

Houston is certainly not a sh!t hole in any sense of the word. They have suburban skylines that kick the crap out of the dt OKC skyline any day of the week and is expected to overtake Chicago's city population by the decades end. The amount of development in Houston is just mesmerizing and all with major huge highways and six Lane roads with minimal building codes.

The only thing Dallas has against Houston at this point is a better light rail system. Last I heard, Houston is about to invest billions in new light rail construction.

I Honestly wanted to post a bunch a bunch of development going on in Houston here, but I frankly don't have the time. I was in Houston two weeks ago and couldn't believe how much was going on.

It truly is incredible how much is going on in Texas. Dallas, Austin, and Houston are just monsters at this point.

When I was talking with some friends down there, we were joking around that it would be nice to see a multi billion dollar Opera House development in OKC on the river. I truly would like to see that.
Only a mental midget would compare OKC with Houston. One has a metro pop of about 6.5 million and the other metro pop of about 1.3 million. Sheesh.

Only a mental midget would compare OKC with Houston. One has a metro pop of about 6.5 million and the other metro pop of about 1.3 million. Sheesh.My point was to show the scope and szie of development in Houston, not to compare the two.

I was responding to Teo anyhow.... you can get your panties in a wad if you wish, that sir, is entirely up to you.

I didn't say Houston didn't have nice things. They have tons of nice things.

I personally enjoy the city quite a bit.

At this very point in time, it's still very much an atrocity in terms of development. You've never seen such inconsistent flow from one thing to another. It's going to take decades to be fixed, but once it is fixed, it will easily be a crown jewel for the United States.

That would be the case of the lack of zoning laws that Houston has a reputation of. That's something that'll never be fixed but could be altered to where it's not so noticeable. Somehow I like how Houston has created it's own image. Just makes the area feel so massive.

I didn't say Houston didn't have nice things. They have tons of nice things.

I personally enjoy the city quite a bit.

At this very point in time, it's still very much an atrocity in terms of development. You've never seen such inconsistent flow from one thing to another. It's going to take decades to be fixed, but once it is fixed, it will easily be a crown jewel for the United States.well, I guess beauty is in the eye of the beholder. I kind of like it like that. There are a quite a bit of really nice parts of Houston that go on for miles though.

Kingwood TX highrise development.

http://ww1.hdnux.com/photos/31/31/26/6657452/3/622x350.jpg

Kings Creek to have top location, design - Houston Chronicle (http://www.chron.com/neighborhood/kingwood/news/article/Kings-Creek-to-have-top-location-design-5654608.php)

This is what makes Houston so interesting, this development will be located 30 miles north of downtown Houston. Construction starts very soon.

That's interesting but I wouldn't call it highrise.

That's interesting but I wouldn't call it highrise.
The development is going to be worth 1.2 billion dollars

The development is going to be worth 1.2 billion dollars

Does that make it highrise?

Does that make it highrise?

No man but it could be. It just isn't.

It just depends on what a person's definition of a high rise is. I consider a high rise 10 stories and higher or 100ft. But either way you can classify it as a 8 story residential building.

No man but it could be. It just isn't.

OK, but the Stage Center Tower could be highrise also but it just isn't as far as we know. What something could be just isn't relevant.

It just depends on what a person's definition of a high rise is. I consider a high rise 10 stories and higher or 100ft. But either way you can classify it as a 8 story residential building.

That's true but I have never seen an 8 story building called a high rise. OKC certainly isn't calling a proposed stage center building around 16 stories a high rise.

Now 16 stories I could see as a high-rise or a tall building.

Now 16 stories I could see as a high-rise or a tall building.

No doubt that is a tall building but few would call it a high rise.

I would say a low rise is anything 5> stories

Mid-rise: 5-25 stories

High-rise: 25-50 stories

Supertall: 50-75 stories

Skyrise: 75> stories

Of course there are no exact definitions for that so anyone is free to make up there own.

Of course there are no exact definitions for that so anyone is free to make up there own.ah so in that case I'll say OKC needs a few mid-rises(75< stories) ;)

Or how about this.

Low-rise 1-5 stories

Mid-rise 6-12 stories

High-rise 13-25 stories

Skyscraper 26-65 stories

Supertall 66-100 stories.

Either way it there is no right or wrong answer. Typical people will say 100 ft. or higher would be classified as a high-rise. So I'm not debating weather it should or shouldn't just putting what's going on in the Houston metro. :)

Or how about this.

Low-rise 1-5 stories

Mid-rise 6-12 stories

High-rise 13-25 stories

Skyscraper 26-65 stories

Supertall 66-100 stories.I can dig it! Actually that makes more sense as I was describing high-rise in the sense of a skyscraper but perhaps it would be better to separate the two.

The development is going to be worth 1.2 billion dollars

The entire master-plan development will be that much, not that one building.

The entire master-plan development will be that much, not that one building.That's why I said development

Recent development map

http://farm8.staticflickr.com/7350/12958792773_2d8eb6002a_b.jpg

This is freaking beautiful! I love this!!!!!!!!!


https://www.youtube.com/watch?v=VUe3-cOIzCA#t=199

George R Brown Convention Center Expansion

Rendering
https://scontent-b-dfw.xx.fbcdn.net/hphotos-xaf1/t31.0-8/10549202_10152708859502741_6424019106208541891_o.j pg

site preping going on today.
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-xpa1/t31.0-8/10507041_10152708859747741_1295680756489154054_o.j pg
https://m.facebook.com/GRBHouston?_rdr

That large hole that you see to the far left on the last picture is the new Marriott Marquis

https://fbcdn-photos-c-a.akamaihd.net/hphotos-ak-xap1/v/t1.0-0/534911_10151821567752741_602585233_n.jpg?oh=45b870 856769f03095ee97a421039ee1&oe=545E1556&__gda__=1416847231_cd0825ea6fa59c9d828261c2f320fd4 8

Progress from August 22. 2014
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-xaf1/t31.0-8/10530478_10152701055332741_2094049016071358978_o.j pg
https://m.facebook.com/GRBHouston?_rdr

Ivy District mixed-use development


The Beijing-based developers who plan to build a mixed-use project on the site west of Texas 288 and south of Beltway 8 hope to bring a new lifestyle to Pearland as well.

Modern Green Development, one of the largest developers in China, chose the 48-acre site as its first site in the United States. Its project, called the Ivy District, was approved in July by the Planning and Zoning Commission. The plan still needs approval from the Pearland City Council before it can move forward, said Kevin Cole, the company’s Vice President for Development.

The plan, still in its early stages, will include:


150-room hotel and conference center
Community center
1,150 residential units (400 rental units)
Total investment: $300 million
Retail: 160,000 square feet
Office: 140,000 square feet



A similar mixed-use project was previously planned for that site around 2007, before the economic downturn stalled the idea and the property was taken over by a bank. That project, to be called the Water Lights District, was to include a park to display 43 presidential busts by local artist David Adickes. In Pearland, a suburb where farmland has rapidly given way to residential development in recent decades, the busts were meant to welcome visitors and give the area character. Only six busts were installed in the Presidential Park & Gardens, and Barack Obama had yet to win election before the project stalled.

http://blog.chron.com/primeproperty/wp-content/blogs.dir/1876/files/ivy-district/master-plan-2.jpg

http://blog.chron.com/primeproperty/wp-content/blogs.dir/1876/files/ivy-district/master-plan1.jpg

- http://blog.chron.com/primeproperty/2014/08/pearland-mixed-use-development-awaits-city-approval/#25899101=4

The Southmore

http://swamplot.com/wp-content/uploads/2014/08/southmore-rendering-2.jpg

http://swamplot.com/wp-content/uploads/2014/08/southmore-rendering-1.jpg

Hanover River Oaks

http://swamplot.com/wp-content/uploads/2014/08/hanover-river-oaks-render-se.jpg

http://swamplot.com/wp-content/uploads/2014/08/hanover-river-oaks-render-ne.jpg

http://swamplot.com/wp-content/uploads/2014/08/hanover-river-oaks-render-sw.jpg

609 Main Video Rendering


http://www.609main.com/themovie/

I'll post a direct link later

Energy Center 3 & 4 U/C

http://www.cpexecutive.com/wp-content/themes/blognews/timthumb.php?src=http://www.cpexecutive.com/wp-content/uploads/2013/05/Energy-Center-3-4_Houston_ConocoPhillips.jpg&q=90&w=609&zc=1
Trammel Crow, Principal Sign ConocoPhillips to 850 KSF Lease in Houston?s Energy Corridor | Commercial Property Executive (http://www.cpexecutive.com/regions/southwest/trammel-crow-principal-sign-conocophillips-to-850-ksf-lease-in-houstons-energy-corridor/1004072447.html)

Energy Center 5 U/C

https://farm4.staticflickr.com/3889/14644541287_df64bf0e67_b.jpg
Energy Center Five in Houston's Energy Corridor begins construction - Houston Business Journal (http://www.bizjournals.com/houston/blog/breaking-ground/2014/08/construction-begins-more-details-revealed-for.html)

Texas Medical Center to open 'country's largest' life-sciences accelerator

Texas Medical Center to open large life sciences accelerator in Houston - Houston Business Journal (http://www.bizjournals.com/houston/blog/vital-signs/2014/08/texas-medical-center-to-open-countrys-largest-life.html)

I was reading a similar article in Governing mag:
Houston: The Surprising Contender in America?s Urban Revival (http://www.governing.com/topics/urban/gov-houston-urban-revival.html)

I think what is at play here is that Houston is gentrifying big-time, as its chronic congestion has propelled inner city gentrification. I wish the media would stop listening to Joel Kotkin.

Check out this epic video of Houston!


http://youtu.be/cPSD304tH2c

With grand opening ahead, Buffalo Bayou Park president already looking at next phase

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Pictures by Aries https://www.flickr.com/photos/coogie/


Buffalo Bayou Park held thousands at its grand opening bonanza Oct. 3, but if you ask Anne Olson, president of the Buffalo Bayou Partnership, it's time to start planning for part two.

The current section of Buffalo Bayou Park extends from Shepherd Drive to Sabine Street and features pavilions, a dog park, miles of trails and lush wildlife. The next segment includes the downtown district, Allen's Landing, as well as east of downtown, where Buffalo Bayou runs through public and private property.

"East of downtown, (the partnership) owns 50 acres, but all the rest is in the hands of private owners, the city or county. It will be a different kind of plan," Olson said.

The partnership plans to hold community meetings in the next year to hear feedback about what could be done with the eastern stretch of the Buffalo Bayou and how it could connect to the finished west end. Right now, the Rice University Crew Team and the Texas Dragon Boat Association operate on a floating dock near Allen's Landing, but future plans call for a permanent boat house, Olson told the HBJ.

"We won't tell people what to do with their property, but hopefully we'll be able to work with property owners collaboratively to show them what we'll be doing with our green space that will benefit them long-term," Olson said.

Buffalo Bayou Park set to open Oct. 3, President Anne Olson looking at next portion of park - Houston Business Journal (http://www.bizjournals.com/houston/blog/2015/10/with-grand-opening-ahead-buffalo-bayou-park.html)

Massive Kirby mixed-use project breaks ground

http://www.wylieassociates.com/wp-content/uploads/2015/06/BOOK-11x17_DWA-DD-Pres_Kirby_102714.jpg


A massive mixed-use project announced early this year has secured construction financing and will break ground next month.

New York City-based Thor Equities will break ground on the Kirby Collection, a $125 million mixed-use development that will total more than 1 million square feet, on Oct. 5, a representative from Thor Equities said.

Little Rock-based Bank of the Ozarks will provide financing for the project, which will encompass the block bounded by Kirby Drive, West Main Street, Colquitt Street and Lake Street. The development will include a 25-story, 385,000-square-foot residential tower; a 13-story, 210,000-square-foot Class A office building; and 65,000 square feet of high-end retail along Kirby Drive, including restaurants.

Thor Equities to break ground on Kirby Collection in Houston (Video) - Houston Business Journal (http://www.bizjournals.com/houston/morning_call/2015/09/massive-kirby-mixed-use-project-to-break-ground.html)

More renderings

http://ww4.hdnux.com/photos/41/17/35/8714051/7/1024x1024.jpg

http://blog.chron.com/primeproperty/wp-content/blogs.dir/1876/files/kirby-collection/kirbypool.jpg

River Oaks District opens fashionably on time

http://ww3.hdnux.com/photos/41/22/04/8724746/5/1024x1024.jpg


chitects, city officials and designer-clad socialites buzzed under trees strung with white lights Thursday morning at the opening of River Oaks District, the luxury shopping, office and residential development on Westheimer just inside the West Loop.

OliverMcMillan, the California-based developer of the project, kept its promise of a fall opening. But even as champagne flowed and guests nibbled hors d'oeuvres Thursday morning, construction continued in a few stores and on the 270 residential units above the west side of the project.

More construction will follow. A project nine years in the making - postponed at one time by the 2008 financial crisis - River Oaks District transformed several acres into a nucleus of some of the world's top luxury retailers including Cartier, Dior, Hermès and Tom Ford.

River Oaks District opens fashionably on time - Houston Chronicle (http://www.houstonchronicle.com/business/retail/article/River-Oaks-District-opens-fashionably-on-time-6544140.php#photo-8724766)

http://media.bizj.us/view/img/7196872/img5896.jpg

http://media.bizj.us/view/img/7197092/img5971.jpg

Groundbreaking set for new condominium tower in Houston

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dall Davis Co. plans to break ground this fall on a new high-rise condominium, which is seeing brisk sales despite the oil slump.

The Houston developer and its development partner, DC Partners, expect to start construction in mid-October on Arabella, a 33-story, 99-unit condo tower at 4521 San Felipe. The condominium project, which will feature 10 units with private terrace-top swimming pools, is planned for the former site of Westcreek at River Oaks apartments near Westheimer Road and the 610 Loop in the Galleria area.

Buyers have purchased about 45 percent of the condo units inside Arabella since Randall Davis Co. began presales in April. The project — which will be built near the River Oaks District, a high-end retail development from San Diego-based OliverMcMillan — is expected to be completed in January 2018.

Randall Davis Co. sets groundbreaking for Arabella condominium high-rise in Houston's Galleria area - Houston Business Journal (http://www.bizjournals.com/houston/morning_call/2015/09/groundbreaking-set-for-new-condominium-tower-in.html)

As of this week, the project is moving forward with dirt turning and heavy equipment on site.

Houston economy had hit a major speed bump with the O/G companies collapsing, but with growth and sells of high-rise apartments and condos have skyrocketed across Houston. There is so much construction in Houston that it all can't be said.

New 35 Story High Class Hotel U/C

http://rachaelkaplan.com/wp-content/uploads/2015/04/The-Post-Oak.jpeg

Now underway
http://www.houstonarchitecture.com/haif/uploads/monthly_09_2015/post-14325-0-58693100-1443210727.jpg
From The Post Oak: 35-Story High-Rise & Conference Center - Page 6 - Going Up! - HAIF - Houston's Leading News Forum - Page 6 (http://www.houstonarchitecture.com/haif/topic/29972-the-post-oak-35-story-high-rise-conference-center/page-6)


By Rachael Kaplan
June 22 2015

he Post Oak is will be located on a 10-acre site on the West Loop South that will include a multi-use 35-story luxury high rise with a ballroom and conference center, two restaurants and more than $1 million in landscaping. It will be Houston’s first building to embrace the international trend of high-rise towers with office space, 240 hotel rooms and 22 apartment residences.
The Post Oak Project Plans by Billionaire Developer Fertitta (http://rachaelkaplan.com/the-post-oak-project-plans-by-billionaire-developer-fertitta/)

Man... HOU really puttin' in that work. Major props.

Houston Galleria Renovations U/C

http://ww4.hdnux.com/photos/34/71/66/7576963/3/1093x1093.jpg

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"Jewel Box"
http://swamplot.com/wp-content/uploads/2014/11/galleria-jewel-box-sideview2.jpg

Luxe additions position Galleria for a bright future - Houston Chronicle (http://www.houstonchronicle.com/business/retail/article/Luxe-additions-position-Galleria-for-a-bright-6101960.php#/14)

Was fortunate enough to stay at the Hotel ZaZa last a couple weekends ago. It was a really quick trip to town for the Chiefs game, but the part of the city I stayed in was incredibly nice. The Houston Museum District is a very attractive area.

Spending a lot of time in Dallas as a child meant the occasional trip down to Houston. It was a beast then and it's a beast now. It's honestly fun to follow the developments going on down there.

Is Houston expanding/developing at a greater rate than Dallas?

http://static1.squarespace.com/static/550f4649e4b0907feb9f808c/t/55f26bfae4b071d1de003a9c/1441950724300/?format=750w

Inside Oxberry Group's proposed luxury condominium The Mondrian at the Museums in Houston's Museum District - Houston Business Journal (http://www.bizjournals.com/houston/morning_call/2015/10/sneak-peek-inside-art-inspired-condominium.html)


Inside art-inspired condominium proposed for Houston's Museum District

The Mondrian at the Museums is set to rise in one of Houston’s most storied neighborhoods, one steeped in art and culture. When finished, the eight-story, 20-unit condominium project will stand amid Hermann Park, Rice University and no fewer than 19 museums, including the nearby Asia Society Texas Center.

Oxberry Group plans to open a sales center inside the Asia Society Texas Center next week, but already has presold four units, developer Sean Jamea said. The three- and four-bedroom units, which average about 3,000-square-feet, will start at $1.25 million.

Oxberry Group hopes to sell about a third of the units before breaking ground in the first quarter of 2016. The developer plans to deliver the first units during the second quarter of 2017.

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Is Houston expanding/developing at a greater rate than Dallas?

Yes

MSA: 2010 Census to 2014 Estimate (Growth Rate)

DFW: 6,429,214 to 6,954,330 (+8.22%)
HOU: 5,920,416 to 6,490,180 (+9.62%)

https://en.wikipedia.org/wiki/List_of_Metropolitan_Statistical_Areas

MSAs (1,000,000+ residents) with stronger growth rates than Houston [Ranked 3rd]

[1st] Austin: 1.94M (+13.23%)
[2nd] Raleigh: 1.24M (+9.95%)

MSAs (1M+) with stronger growth rates than DFW [Ranked 7th]

[4th] Orlando: 2.32M (+8.76%)
[5th] San Antonio: 2.33M (+8.69%)
[6th] Denver: 2.75M (+8.29%)

MSAs (1M+) with > +6% Growth rates

[8th] Charlotte: 2.38M (+7.37%)
[9th] Nashville: 1.79M (+7.29%)
[10th] Phoenix: 4.49M (+7.06%)
[11th] WashDC: 6.03M (+7.05%)
[12th] Seattle: 3.67M (+6.73%)
[13th] OKC: 1.34M (+6.69%)
[14th] Miami: 5.93M (+6.56%)
[15th] San Jose: 1.95M (+6.31%)
[16th] Atlanta: 5.61M (+6.20%)
[17th] Las Vegas: 2.07M (+6.07%)
[18th] Salt Lake City: 1.15M (+6.02%)
[19th] San Francisco: 4.59M (+5.97%)

There are 53 MSAs with >1M people So that puts OKC in the top 25% of large MSA growth.

There are 19 MSAs pop. 1M+ cities with <3% growth:

NYC (+2.69%)
Chicago (+0.99%)
Philadelphia (+1.44%)
Detroit (+0.01%)
St. Louis (+0.66%)
Baltimore (+2.78%)
Pittsburgh (-0.01%)
Cincinnati (+1.65%)
Cleveland (-0.66%)
Virginia Beach (+2.37%)
Providence (+0.53%)
Milwaukee (+1.05%)
Memphis (+1.39%)
Louisville (+2.75%)
Hartford (+0.16%)
Birmingham (+1.39%)
Buffalo (+0.07%)
Rochester (+0.34%)
Tucson (+2.47%)