Houston

[JoninATX]

Groundbreaking set for new condominium tower in Houston

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

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

[JoninATX]

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.

[JoninATX]

New 35 Story High Class Hotel U/C



Now underway

From The Post Oak: 35-Story High-Rise & Conference Center - Page 6 - Going Up! - HAIF - Houston's Leading News Forum - 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

[Anonymous.]

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

[JoninATX]

Houston Galleria Renovations U/C





"Jewel Box"


Luxe additions position Galleria for a bright future - Houston Chronicle

[UrbanNebraska]

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.

[Mississippi Blues]

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.

[Eddie1]

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

[urbannizer]

Inside Oxberry Group's proposed luxury condominium The Mondrian at the Museums in Houston's Museum District - Houston Business Journal

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.

[Teo9969]

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_o...tistical_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%)

[Snowman]

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

Not only the Metro as mentioned, it is even more so at the city at the city level. In the 30s and 40s they were nearly the same size, by 2020 Houston will be nearly double the size of Dallas, with only one decade since then did Dallas have a higher city growth rate than Houston. Sure it may not affect what amenities are in the region but it gives Houston better control of future growth and a bigger budget, on top of that Houston is still at the center of it's metro, Dallas is increasingly being pushed to the edge. Major amenities like DFW, Cowboy stadium and business campuses have long been moving north and west of Dallas city limits, so much so they make it sound as if access to jobs for anyone in the housing stock on Dallas's south side is increasingly problematic. If it were not for trends of historic city cores resurging then it probably would be losing population in recent years.

[adaniel]

Hate to be a wet blanket, but I wonder how much a lot of this will get built. My cousin is a construction manager down there and he is actually getting worried about his job. Lots of projects have been shelved due to the oil price crash, especially in the past 90 days or so. As he tells it, stuff is still getting built, but things that don't have financing in place or are speculative in nature are getting chopped. Areas with a lot of O&G employment like the Katy Freeway area a/k/a the Energy Corridor and the Woodlands are most definitely slowing down.

It stinks for them. I actually really like what Houston is doing, and I say that as someone who grew up in Dallas. I tend to agree with the notion that a lot the development in Houston is focused inside the loop (as in inside of 610) whereas the more exciting projects in Dallas are rarely in Dallas itself, but Plano, Frisco, etc.

[Mississippi Blues]

I tend to agree with the notion that a lot the development in Houston is focused inside the loop (as in inside of 610) whereas the more exciting projects in Dallas are rarely in Dallas itself, but Plano, Frisco, etc.

That's what I've noticed as well. There are some neat residential projects going up in and around downtown Dallas, but some of the more exciting stuff has been built in the outlier areas of the Dallas metro. I won't delve too much into Dallas since this is a Houston thread, but there are some cool things going on in both cities that I hope is more than just speculative.

[urbannizer]

Baylor College of Medicine, CHI St. Luke's Health to build second tower at McNair campus - Houston Business Journal

Exclusive: Expansion plans revealed for Baylor, CHI St. Luke's McNair campus

The Baylor College of Medicine and CHI St. Luke's Health plan to break ground on the next phase of their McNair Campus in early 2016.

The next phase of the campus will feature a second patient tower that will house 420 beds, and a medical office building. The patient tower is expected to begin construction in January, and the medical office building will begin in the fall. The projects are expected to be completed by 2019, according to a statement.

[SoonerVIC]

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

I used to live in Kingwood. It's the Scotsdale of Houston. For Kingwood, that is a highrise alright. Even the biggest signs for the retail stores there aren't more than 6 ft. high.

[Plutonic Panda]

I used to live in Kingwood. It's the Scotsdale of Houston. For Kingwood, that is a highrise alright. Even the biggest signs for the retail stores there aren't more than 6 ft. high.

Yeah I've made my position pretty clear on what I consider to be a high-rise. I usually look at things in the grand scheme so I will consider cities like NYC, Dubai, Los Angeles, etc. and use buildings there to compare them to buildings in OKC or Houston. So I just don't consider a six story building to be a high-rise. That is just me though.

[urbannizer]

Hanover Co. Begins Site Prep on $95M 32-Story Luxury Apts in Uptown Houston

Hanover Company*has begun site preparation for the construction of a 32-story, $95 million apartment tower in*Uptown Houston*near The Galleria.*

According to the architect's project report to the state licensing board,*Boulevard Residential LC*is the owner of record that is constructing a 280-unit high-rise multifamily building made of cast-in-place concrete within the 1700 block of South Post Oak Lane.

The project name is*Hanover Boulevard Place. Boulevard Residential is a holding of Hanover Company, which specializes in developing luxury apartment towers.
Hanover Company developed the*Hanover Post Oak*tower at 1750 Sky Lark Lane and the new tower is directly adjacent. Hanover Company owns adjacent tracts of land to the south and north of Hanover Post Oak.

The architectural firm is Chicago-based*Solomon Cordwell Buenz*(SCB) and the designer of record is*Clara Wineberg.

The estimated construction start date was entered as Oct. 1, 2016, however, the project manager has already set up a mobile project site office. Construction is scheduled for completion March of 2019.

[HangryHippo]

Now this would be a nice addition to the Stage Center lot.

[urbannizer]

Houston developer plans new luxury condo tower in River Oaks area

Giorgio Borlenghi is planning to construct a new luxury condominium tower in the River Oaks area.

The long-time Houston developer — well-known for building high-end office, hotel and condo buildings in Uptown — will begin pre-sales Aug. 25 in his first condo project inside the 610 Loop.

Villa Borghese will rise on a city block bounded by Bammel Lane, Earl, Sackett and Philfall streets, just east of Lamar High School near River Oaks Boulevard and Westheimer Road.

Borlenghi, the founder of Houston-based The Interfin Cos., purchased the property last year for an undisclosed price. Currently, there are about 20 older homes on the site, all commercial businesses ranging from a restaurant, hairdresser, doctor’s office and shops. Most of the homes will be moved to new locations around town, Borlenghi said.

Borlenghi plans to sell half of the units before breaking ground a year from now. Construction will take two years to complete, which means delivery will be in the second half of 2019.

[urbannizer]

Chinese firm will change Houston

Tianqing Real Estate Development LLC (Tianqing RED), a US subsidiary of one of China's largest real estate companies, has acquired a prime location in Houston to build high-rise buildings of mixed use that will change the city's skyline in the next few years.

Tianqing RED recently closed on the purchase of the land on Allen Parkway, west of downtown and across from the newly improved green space Buffalo Bayou. It is the last track of undeveloped land of that scale at such a prime location in the city.

"The land is a rectangle with hard corners, sufficient depth and width for development. It has great views all around. To the north there is the Buffalo Bayou, to the south the Texas Medical Center, to the east downtown Houston, and to the west the financial district Galleria. We are very happy to be able to get our hands on it," said David Du, president of Tianqing RED.

A total of $500 million will be invested in the project. The planned first phase includes a luxury hotel of 150-180 rooms and a high-rise condo. Construction is expected to start by the end of 2017 or early 2018. Another high-rise condo, a class-A office building and possibly a luxury senior-living building will be built later.

Upon completion, there will be two condo towers with a total of 180 units along with the hotel, an office building and ground-level retail spaces. The project aims to become a new landmark in Houston.

EB-5, the popular immigration investment program among Chinese, will be used to raise part of the money for the project.

However, Du said Tianqing RED will not rely heavily on EB-5 for financing. When it gets ready to start construction, parent company Tianqing Group will guarantee and provide the remaining funds for the project, he said.

[urbannizer]

UH basketball arena to be renamed after $20M gift

It's official: Houston billionaire Tilman Fertitta is behind the once anonymous multimillion-dollar donation for the University of Houston's basketball arena renovation.

Fertitta, CEO of Houston-based Landry's Inc., donated $20 million, the largest-ever gift in UH Athletics history. The renovated arena, formerly the Hofheinz Pavilion, will be named the Fertitta Center beginning in the 2018-2019 season. The Houston Chronicle broke the news in July that Fertitta anonymously donated the money for the $60 million renovation project.

“Facilities are a critical part in college athletics today, and the Fertitta Center will play an important role as we recruit the best student-athletes to our campus," men’s basketball coach Kelvin Sampson said in a statement. "Houston basketball will soon have the finest facilities in the country.”

[urbannizer]

Demolition permit filed for Midtown building, new tower planned

The Houston Chronicle reports that a demolition permit for 3300 Main St. has been filed. Although Houston-based PM Realty Group has been under contract to buy the property for more than a year, it’s still owned by the Midtown Redevelopment Authority. PMRG is expected to close on the sale at the end of the year, a Midtown official told the Chronicle.

The mixed-use development will include 336 residential apartments, 14,390 square feet of retail space and 521 parking spaces, according to plans posted by Los Angeles-based Aecom (NYSE: ACM), a partner on the project.

* 30 stories, 351 feet. The building will have 14 different floor plans to choose from,

Work schedule: 09/01/2016 to 09/01/2018




rechlin

[Plutonic Panda]

Thanks a million for these updates!

[Richard at Remax]

I was down there last weekend. Every time I go I am more impressed with what is going on. Cranes everywhere.

[chuck5815]

UH basketball arena to be renamed after $20M gift

It's official: Houston billionaire Tilman Fertitta is behind the once anonymous multimillion-dollar donation for the University of Houston's basketball arena renovation.

Fertitta, CEO of Houston-based Landry's Inc., donated $20 million, the largest-ever gift in UH Athletics history. The renovated arena, formerly the Hofheinz Pavilion, will be named the Fertitta Center beginning in the 2018-2019 season. The Houston Chronicle broke the news in July that Fertitta anonymously donated the money for the $60 million renovation project.

“Facilities are a critical part in college athletics today, and the Fertitta Center will play an important role as we recruit the best student-athletes to our campus," men’s basketball coach Kelvin Sampson said in a statement. "Houston basketball will soon have the finest facilities in the country.”

I think the Bubba Gump Shrimp Center has a slightly better ring to it.