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Wednesday, March 5, 2008

Greenway Commons: Gas Station Too!

March 5, 2008 – 11:42 pm

Greenway Commons Costco at Richmond and Weslayan, Houston

Didja know that the new Costco going up on the former site of the HISD headquarters building at the corner of Richmond and Weslayan . . . is gonna have its very own gas station right out front?

Costco liked the idea of coming inside the Loop so much . . . it decided to bring all its friends! The city just issued a building permit for the new Costco Fuel station. But that’s just the latest addition to Greenway Commons, which is turning out to be quite a mix: A 45,420-sq.-ft. LA Fitness is going above the Costco, next to a 4-story parking garage which is connected to a 2-story retail strip center. It’ll all be protected from the busy surrounding streets by more than 500 surface parking spaces and 2 corner pad sites slated for “banks.” In back: a 550-unit Morgan Group luxury apartment complex . . . with two more separate garages!

After the jump, more drawings and plans of this surprising development.

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11:42 pm | Read more about Apartments, Commercial Real Estate, Neighborhoods: Greenway Plaza, New Construction, Parking, Proposed Developments, Retail, Sprawl, Strip Centers
Tuesday, February 26, 2008

Woodway Glen Fourplex Condos: Converted, but Still Not Sold on the Idea

February 26, 2008 – 11:49 am

6323 Deerwood Rd., Woodway Glen, Houston

Here’s the plan: Buy a fourplex on a cul-de-sac near the intersection of Woodway and Voss. Do some painting, replace the roof and repair the exterior, put in granite countertops and stainless-steel appliances in one of the units and new appliances and carpet in the rest. Then . . . convert the place to condos, and flip them one at a time!

Except . . . there are a heck of a lot of condos out there in the $150K-$230K range, and selling is tough.

Bummer. But there’s still a moneymaking way out: If you can’t make the condo flip yourself, that doesn’t mean you can’t sell someone else on the idea of doing it. And you’ve already done the conversion work!

Just listed on MLS: 6323 Deerwood. Four units built in 1975, totaling 7,564 square feet, on a 10,171-sq.-ft. lot. Apartments lease for $1200 and $1400. Asking $645,000:

Units have already been condo converted! Investor can sell units separately or keep as a fourplex.

Will consider seller financing!

After the jump: the renovated innards.

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11:49 am | Read more about Apartments, Buying and Selling, Condos, Neighborhoods: Briargrove, Neighborhoods: Woodway Glen, Real Estate Marketing
Monday, February 25, 2008

Memorial Heights Apartments: Washington Fences Will Stay

February 25, 2008 – 7:36 am

Memorial Heights Apartments, 201 S. Heights Blvd., Houston

Archstone still isn’t saying much about its plans to redevelop the Memorial Heights Apartments at Studemont and Washington, but the Houston Business Journal’s Allison Wollam digs up a little more detail:

While members of SuperNeighborhood 22 support the redevelopment, they are concerned that the project’s suburban design — which calls for the back of the residential components to face Washington Avenue — is hurting efforts to transform the avenue into a walkable, pedestrian-friendly destination.

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7:36 am | Read more about Apartments, Mixed Use, Neighborhoods: Memorial Heights, Proposed Developments
Tuesday, February 19, 2008

Hoa Binh: The Lasting Legacy of the Original Strip Mall

February 19, 2008 – 9:37 am

Hoa Binh Center at 2830 Travis, Midtown, Houston

Wielding a copy of Stephen Fox’s Houston Architectural Guide, transit buff Christof Spieler writes in to report that the vacant and graffiti-laden Hoa Binh Center in Midtown — targeted by Camden Property Trust for a new apartment complex — has an important story behind it. He quotes from Fox’s writeup of the shopping center, which was built in 1923:

What distinguishes this building is that it was the prototype of the 20th century American suburban shopping center: it introduced the concept of off-street parking, toward which the grocery store itself was oriented.

Spieler adds:

In other words, Camden may be about to tear down the world’s first strip mall. Now that’s a historic building.

And it’s certainly worth at least a nice plaque somewhere on those new apartments going up on the site!

But before all you preservationist types get up in arms about the impending demolition of the mother of all strip malls, keep in mind that an equally important part of this structure’s history and legacy will almost certainly be preserved, cherished, and celebrated. Sure, the building will probably end up in a pile of rubble off Loop 610. But all those historic off-street parking spaces? They’ll be moved into a nice new garage at the Camden Travis, where residents of the new apartments and their guests will be able to enjoy them for generations to come.

After the jump: Spieler spills more Hoa Binh history!

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9:37 am | Read more about Apartments, Commercial Real Estate, Demolitions, Historic Preservation, Neighborhoods: Midtown, Parking, Proposed Developments, Shopping Centers, Strip Centers
Monday, February 18, 2008

Maybe Somebody Did Give Up

February 18, 2008 – 8:48 am

Hoa Binh Center, Travis and Tuam, Houston

For years, Camden Property Trust has been talking about a giant mixed-use project the company is planning for the “superblock” bounded by Main, Anita, McGowen, and Travis in Midtown. And the Chronicle’s Nancy Sarnoff reported this weekend that Camden is ready to go ahead with its Midtown development.

Except the new Camden project isn’t on the vacant superblock. And it won’t be mixed use. It’s a four-story, 253-unit, $45 million apartment complex called the Camden Travis, planned for the site of the former Hoa Binh supermarket building, the dilapidated and heavily tagged vaguely-moderne-looking shopping center one block to the west, at 2830 Travis.

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8:48 am | Read more about Apartments, Commercial Real Estate, Demolitions, Mixed Use, Neighborhoods: Midtown, Proposed Developments, Shopping Centers
Thursday, February 14, 2008

Fairmont on San Felipe: Stacked!

February 14, 2008 – 2:19 pm

Rendering of The Fairmont on San Felipe, Houston

It looks like our earlier report about the Fairmont at San Felipe — the strip-center-apartment combo planned for the southeast corner of San Felipe and Winrock — was wrong. Judging from this new rendering of the complex, it sure looks like those apartments will actually be stacked directly on top of the retail spaces, forming a lovely parking-lot-courtyard tableau!

Permits for construction of the apartments were just approved by the city. After the jump: closeups, plus the plan that led us astray.

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2:19 pm | Read more about Apartments, Commercial Real Estate, Mixed Use, Neighborhoods: Briargrove, New Construction, New Construction: Residential, Retail, Strip Centers
Tuesday, February 12, 2008

Memorial Heights Apartments: How Long Is Your Lease?

February 12, 2008 – 9:40 pm

Memorial Heights Apartments, 201 S. Heights Blvd., Houston

Archstone is planning to redevelop the 28-acre Memorial Heights Apartments complex fronting Studemont, Washington Ave., and Heights Blvd.:

The current plan to be realized over a 5-year period features mid-rise mixed-use at the Washington/Studemont corner, and a series of six mid-rise residential nodes with incorporated garages on a new internal central Paseo that will parallel Washington Avenue mid-way through the complex. Archstone suggests visiting their nearly completed Esplanade project on Hermann Drive west of Almeda for a representation of product quality.

Hey, that’s a pretty short life for the apartments. They were built in 1996.

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9:40 pm | Read more about Apartments, Mixed Use, Neighborhoods: Memorial Heights, Neighborhoods: Washington Corridor, Proposed Developments
Tuesday, February 5, 2008

Obstacle to Building More Apartments in Houston: Distinctive Details

February 5, 2008 – 1:02 pm

How poetic is it that the lone holdout in a 2-acre plot on West Alabama that Gables Residential wants to tear down so it can build up to 150 more apartments — and maybe some street-level shops — is called . . . Distinctive Details?

Little Woodrow’s will be shutting down March 2nd, but Distinctive Details, which rents linens and party supplies, wants the Atlanta REIT to triple its $150K lease buyout offer.

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1:02 pm | Read more about Apartments, Neighborhoods: Upper Kirby, Openings and Closings, Proposed Developments
Monday, February 4, 2008

How High Will Little Bunny Fly?

February 4, 2008 – 5:35 pm

Fly High Little Bunny, 3120 S. Shepherd, Houston

A short item in the Houston Business Journal is encouraging rumors of a new highrise on Shepherd, one block south of the Alabama Theater Bookstop.

That’s the current location of jewelry store Fly High Little Bunny, along with the Jamail Real Estate office shown in this photo sent in by a Swamplot reader. The property includes two houses in back.

But the new development could stretch all the way to W. Alabama. A poster on HAIF claims the same buyer is also purchasing the shopping center on the north side of the block, which contains Ruchi’s Taqueria and Roeders Pub, and is planning highrise apartments and a parking garage, with retail space on the ground floor.

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5:35 pm | Read more about Apartments, Commercial Real Estate, Highrises, Neighborhoods: Westlawn Terrace, Proposed Developments, Shopping Centers
Wednesday, January 30, 2008

New Studemont Apartment Tower: Out of Styles

January 30, 2008 – 3:14 pm

Legacy at Memorial 25-Story Apartment Tower in HoustonThis is the best image we’ve been able to find online of the 25-story apartment tower about to go up at the site of the former Ed Sacks Waste Paper Co. at 440 Studemont, just north of Memorial Dr.

And it makes you wonder: Do these out-of-town developers really know what they’re doing here? First they give the project a name — “Legacy at Memorial” — that makes it sound like a funeral home, in a town where death is already a major industry. Then . . . they think Houston residents will stand for 15 percent of the units in the combination highrise-lowrise development being marketed as “affordable housing.” But weirdest of all . . . it looks like they forgot to give their building a theme!

Memo to Legacy Partners and your California retiree funders: Your tower is going up against some aggressively themed competition. When renters can go next door and feel like they’re in Italy, or go down the street to get a little stucco taste of New Orleans, or cross Allen Parkway for a full-fledged Beaux-Arts Alamo resort revival, just who do you expect is going to want to want to live in an apartment that looks like . . . a building in Houston, Texas?

More on the tower that forgot to put on its clothes and makeup . . . after the jump.

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3:14 pm | Read more about Apartments, Development Strategy, Highrises, Neighborhoods: Memorial Heights, New Construction: Residential, Proposed Developments, Real Estate Marketing
Monday, January 21, 2008

Free Eighties Furniture at Colonial House!

January 21, 2008 – 11:54 am

You need to a flashplayer enabled browser to view this YouTube video

The brave work of Southwest Houston and Houston Apartment Renaissance scholars has been rewarded — a second mid-1980s Colonial House TV commercial is now available on YouTube!

No it’s not quite as iconic and over-the-top as the one with the VCR in the pool, but look at that fabulous indoor-outdoor furniture! Almost a quarter century later, we know Michael Pollack is alive and well, but does anyone know where that living-room mandala and dining-room set ended up?

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11:54 am | Read more about Apartments, Furniture, Houston History, Interiors, Neighborhoods: Gulfton, Real Estate Marketing, Renting
Thursday, January 17, 2008

River Oaks District Development Reaches Advanced Watercolor Stage

January 17, 2008 – 5:52 pm

Watercolor of Proposed River Oaks District Mixed Use Development Planned for Westheimer by OliverMcMillan

With new bold, rich watercolor renderings now posted to its website, OliverMcMillan shows its mixed-use proposal for Westheimer is serious. The River Oaks District won’t be in River Oaks exactly, but it would mark a serious upgrade for this portion of Westheimer just inside the Loop, on a portion of the site of the Westcreek Apartments.

What’s planned here: 300,000 square feet of retail space, 300 fancy apartments, 250,000 square feet of office space, plus two hotels — rumored to be a W and a Le Meridien. The W Hotel will house 150 condos on its top floors.

After the jump: those shiny watercolors, plus plans and an aerial view!

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5:52 pm | Read more about Apartments, Commercial Real Estate, Condos, Highrises, Mixed Use, Neighborhoods: River Oaks, Office Buildings, Proposed Developments, Retail, Shopping Centers
Friday, December 21, 2007

Galleria-Area Apartments Coming to Site of Galleria-Area Apartments

December 21, 2007 – 4:15 pm

Le Maison on Revere

Uptown renters: Were you planning on staying in your apartment for a while?

A sharp-eyed reader notes that ZOM — the developer of the Bel Air on Allen Parkway and the new Katrina Memorial apartments planned for Revere St. near Kirby and Westheimer (pictured above) — is also planning a 250-unit apartment complex somewhere near the Galleria. The company’s going to stick with its strategy of buying existing apartment complexes, demolishing them, building newer apartments in their place, and then selling them off, ZOM’s Trip Stevens tells Globe St.’s Amy Wolff Sorter:

“It’s the only way to go in that submarket,” Stevens says. But then he adds real news:

Stephens says ZOM will do the same thing to get its third Houston project into the Galleria submarket. He says the closing for the existing apartment complex should occur late in the first quarter. The plan is to start scraping the three-acre site around midyear.

That’s information a few Galleria-area renters who live in three-acre apartment complexes will probably want to know.

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4:15 pm | Read more about Apartments, Demolitions, Development Strategy, Neighborhoods: Galleria, New Construction, New Construction: Residential, Proposed Developments
Thursday, December 13, 2007

Heights Village: Parking Lots Are the New Main Street!

December 13, 2007 – 3:01 pm

Heights Village Parking Lot on Yale St., Houston Heights

Looks like a lot of pedestrian action going on in these marketing drawings for Orr Commercial’s new Heights Village, a five-acre restaurant, retail, office, and “upscale housing” development slated for the current site of the Sons of Hermann hall just south of I-10, between Heights Blvd. and Yale St. and an adjacent parcel abutting railroad tracks to the south.

Why, with all those people in the drawings walking to and fro, it looks like this development will have all the charm of a small old-town Main Street . . . or at the very least all the charm of an old small town that decided to build a multi-level parking garage, but still turned its Main Street into a parking lot anyway, just to hedge its bets.

After the jump: more parking-lot pedestrians!

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3:01 pm | Read more about Apartments, Commercial Real Estate, Development Strategy, Mixed Use, Neighborhoods: Houston Heights, Neighborhoods: Washington Corridor, New Construction, Parking, Proposed Developments, Restaurants, Retail, Shopping Centers, Strip Centers
Monday, December 10, 2007

Beautiful Southwest Houston: The Golden Age of Apartment Living

December 10, 2007 – 11:02 am

You need to a flashplayer enabled browser to view this YouTube video

This charming period piece from the abortive early-’80s Southwest Houston apartment renaissance surfaced on YouTube late last month, to the great acclaim of chief Michael Pollack fan Lou Minatti, who has hosted an online shrine to the iconic and once high-profile Houston developer on his website for several years. Why was Pollack such a big deal?

What Gallery Furniture’s “We really will save you moneyyyyyyy!” was to the north side of town, the VCR in the Pool was to the southwest.

And really, who can forget the charms of Colonial House, at the corner of Chimney Rock and Gulfton? Writes Minatti:

Built in the late 1960s, Colonial House was in terrible shape.

Gangs and prostitutes had moved in, while basic amenities such as air conditioning had quit working. Pollack moved in and the gangs moved out. Pollack’s crew gutted and rebuilt each of the 1,800 units in just three months. But after all that hard work, Pollack had an even bigger task ahead: How was our suave, sophisticated hero going to fill those apartments? That’s where his infamous TV ads came in.

Here’s a question: Doesn’t the bench-pressing dude on the Nautilus about five seconds in look a bit . . . familiar?

After the jump: Pollack claims it was all an act! Plus, what he’s up to these days — with pix!

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11:02 am | Read more about Apartments, Houston History, Neighborhoods: Gulfton, Real Estate Marketing, Renting
Wednesday, December 5, 2007

The Fairmont on San Felipe: Close Enough for Comfort

December 5, 2007 – 12:23 pm

Site Plan of The Fairmont on San Felipe, Houston

Sure, there’s Post Properties, the Sonoma in the Rice Village and all those tired old buildings downtown, but most Houston developers won’t put apartments on top of retail unless they’re dragged kicking and screaming. And really, the idea of living next to a strip center evokes a much warmer, more folksy feeling. Isn’t that what Houston is all about?

The latest: The Fairmont on San Felipe, on the southeast corner of San Felipe and Winrock. A couple of apartment courtyards, connected by a central garage, behind two strips ready for 41,500 square feet of retail. It’s now under construction, on the site of the old Regency Arms apartments, which burned last year after it had already been vacated for demolition.

Update, 2/14/08: Looks like they have been dragged!

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12:23 pm | Read more about Apartments, Commercial Real Estate, Development Strategy, Mixed Use, Neighborhoods: Briargrove, New Construction, New Construction: Residential, Retail, Strip Centers