Swamplot Archives by Category: Highrises

Popular Stories in This Category:

Monday, November 30, 2009

Comment of the Day: Commodity, Firmness, and Notoriety

November 30, 2009 – 10:17 pm
   

“The design can’t possibly be that bad. People are talking about it. When was the last time anybody remarked on the designs of Energy Tower III or Energy Crossing II?” [TheNiche, commenting on There Will Be No Tours of the Death Star, and Other Details About the Hospital in the Belly of the Memorial Hermann Tower]

10:17 pm | Add a Comment | Read more about Comments, Commercial Real Estate, Highrises, Medical Buildings, Neighborhoods: Memorial City, New Construction, Office Buildings, Quicklink
Read more about: , , , , , , , , , ,

There Will Be No Tours of the Death Star, and Other Details About the Hospital in the Belly of the Memorial Hermann Tower

November 30, 2009 – 9:55 am

Hospital executive Adam Lane tells the Houston Business Journal’s Jennifer Dawson that the easiest patients to move into the new Memorial Hermann Tower on I-10 will be . . . the babies, “because they don’t know where they’re going.”

Also, it sounds like some of the interiors might prove a little disorienting for suburban kids:

A hospital floor dedicated to children has been elaborately designed as a town center. The hallway is made to look like a street with curbs, grass and storefronts.

Fortunately, more familiar surroundings will be nearby: the building is connected by skybridge to the Memorial City Mall.

Continue Reading This Story >

9:55 am | 27 Comments | Read more about Commercial Real Estate, Highrises, Medical Buildings, Neighborhoods: Memorial City, New Construction, Office Buildings, Office Space
Read more about: , , , , , , , , ,
Monday, November 16, 2009

Kiddie Party on the Plaza: A Discovery Tower Construction Update

November 16, 2009 – 1:03 pm

A reader sends in photos of the new Hess Tower, formerly known as Discovery Tower, under construction adjacent to Discovery Green Downtown.

You can see the tower isn’t quite finished yet but it sure looks like that plaza in front of it already is! Though really, all those office workers look a little young, don’t you think?

More pics:

Continue Reading This Story >

1:03 pm | Add a Comment | Read more about Commercial Real Estate, Green Design and Development, Highrises, Neighborhoods: Downtown, New Construction, Office Buildings
Read more about: , , , , , , , ,
Monday, October 26, 2009

Comment of the Day: The Value of Failed Developments

October 26, 2009 – 2:29 pm
   

“The financial failure of Mosaic is not related to zoning or neighborhood protection. Mosaic represents a massive mixed-use project that will (eventually) fill up and further the civic goals of increasing population density and adding positively to the streetscape. In the mean time, the FDIC and out-of-state investors are paying the property tax bill on units that aren’t occupied by people that would stress our infrastructure. Where’s the downside in that? If the alternative were a vacant lot, Mosaic is far preferable from a civic perspective. . . .” [TheNiche, commenting on Only the Towers Remain Standing: Mosaic and Friends Break the Bank]

2:29 pm | 10 Comments | Read more about Comments, Condos, Development Strategies, Financing, Highrises, Neighborhoods: Hermann Park, New Construction: Residential, Quicklink
Read more about: , , , , , , , , , ,
Friday, October 23, 2009

Only the Towers Remain Standing: Mosaic and Friends Break the Bank

October 23, 2009 – 12:22 pm

With its most recent achievements, the Mosaic earns its place in Houston’s spec-development record books: Last month the 29-story condo tower near Hermann Park — wedged between Almeda and 288 — scored the loan-default trifecta, having notched a bankruptcy, mass foreclosures, and an attendant bank failure to its credit all within a single calendar year.

Chicago’s Corus Bankshares, which held a $71 million loan for the Mosaic, foreclosed on all 271 unsold units (out of 394 total in the building) in September, just days before the bank itself was seized by the FDIC. A few weeks later, the federal agency sold 40 percent of the bank’s real estate loans to a team of private-equity firms calling itself Northwest Investments and led by Starwood Capital Group — for 60 cents on the dollar.

Any further fun at the Mosaic will be courtesy of the FDIC, reports Nancy Sarnoff:

Continue Reading This Story >

12:22 pm | 40 Comments | Read more about Apartments, Bankruptcies, Condos, Financing, Foreclosures, Highrises, Neighborhoods: Hermann Park, New Construction: Residential
Read more about: , , , , , , , , , ,
Thursday, October 22, 2009

Ashby Highrise Loses Appeal

October 22, 2009 – 10:58 pm
   

The city’s General Appeals Board today rejected a request by the developers of the Ashby Highrise to gain permit approvals for the 23-story project’s original version — which includes a larger number of residences and more commercial space than the plans that finally received permits from the city. “Matthew Morgan, one of the two principals with Buckhead Investment Partners, said the next step would likely be to appeal to the Houston City Council. . . . Ironically, the prolonged battle that has been played out not only in the city bureaucracy but with yard signs, bumper stickers and vocal, packed protests did not draw any other media or public attention Thursday at this key city hearing.” [West University Examiner; previously on Swamplot]

10:58 pm | 38 Comments | Read more about Development Regulations, Highrises, Neighborhood Disputes, Neighborhoods: Boulevard Oaks, Neighborhoods: Southampton, Proposed Developments, Quicklink
Read more about: , , , , , , , ,
Wednesday, October 21, 2009

Ashby Highrise Developers Want Their Original Baby Back

October 21, 2009 – 11:21 am

Thursday is a big day for the Ashby Highrise:

Developers Matthew Morgan and Kevin Kirton, of Buckhead Investment Partners, will appear Thursday before the General Appeals Board, a city panel that hears appeals of permit denials. They will ask for approval of a 23-story building at 1717 Bissonnet with more than 200 apartments, a restaurant, a spa, retail space and offices, which the city repeatedly said would worsen traffic congestion to unacceptable levels.

In August, the city approved modified plans that stripped out all of the commercial uses except the restaurant. The developers have not picked up the permit, however, and said Tuesday that they still want to build the original project.

What’s the difference between the plan approved by the city and the original design Buckhead is still pushing for?

Continue Reading This Story >

11:21 am | 55 Comments | Read more about Development Restrictions, Development Strategies, Highrises, Neighborhood Disputes, Neighborhoods: Boulevard Oaks, Neighborhoods: Southampton, Proposed Developments
Read more about: , , , , , , , ,
Monday, October 19, 2009

2727 Kirby: Refunds Are on Their Way

October 19, 2009 – 5:14 pm

The Chronicle’s Nancy Sarnoff, after a tour of 2727 Kirby:

Developer Jerry Brown said 20 units are occupied in the 78-unit building.

The least expensive floor is priced at $575 per square foot, he said, and the average unit is about $2 million.

Maintenance fees are 65 cents per square foot.

While Brown said he’s seeing more traffic these days, there have been some snags.

I recently came across some lawsuits against the developer filed by buyers who canceled their contracts, but didn’t receive their earnest money back like they were promised.

“If they’re entitled to their money, they’ll get their money,” Brown said.

Photo of 2727 Kirby: Ziegler Cooper

5:14 pm | 20 Comments | Read more about Condos, Condos for Sale, Highrises, Neighborhoods: Upper Kirby, New Construction: Residential
Read more about: , , , , , , ,
Monday, October 12, 2009

The View from AIG: This Time We’re Sure Houston’s Never Gonna Flood Again

October 12, 2009 – 10:40 pm

From his perch high in the (formerly AIG) America Tower on Allen Parkway, Swamplot reader Stephen Cullar-Ledford forwards this latest dramatic scene, which aches for suitably metaphorical captioning.

A few months ago it was fog, this afternoon it’s a rainbow over downtown . . .

Photo: Stephen Cullar-Ledford

10:40 pm | 4 Comments | Read more about Economic Conditions, Flooding, Highrises, Neighborhoods: Downtown, Neighborhoods: North Montrose, Office Buildings, Weather
Read more about: , , , , , , , , ,
Friday, October 9, 2009

Your Secret Cat Code Has Been Cracked, Mr. Johnson

October 9, 2009 – 5:52 pm

Note: Story updated below.

A reader writes:

I had been told that the architect of the Transco tower secretly incorporates cat figures in to all of his work. I could never see a cat in the Transco until yesterday evening. I found it! Can you? Pretty cool, huh?

Continue Reading This Story >

5:52 pm | 15 Comments | Read more about Critters, Highrises, Neighborhoods: Galleria, Real Estate Marketing
Read more about: , , , , ,
Wednesday, September 23, 2009

No, You Can’t See Ken and Linda Lay’s Renaissance-y Highrise Condo

September 23, 2009 – 1:03 pm
   

The storied full-floor unit on the 33rd floor of the Huntingdon at 2121 Kirby is at long last on the market . . . for $12.8 Million: “The condo sale is being handled privately by Beau Herrold, Linda Lay’s son from her first marriage. Tours are by invitation only . . . When a Chronicle reporter expressed interest in seeing the condo, so as to best to describe the Italian renaissance decor and ‘villa-style living’ touted in a real estate flier, Herrold had only one comment. ‘I bet you would.’” [Houston Chronicle]

1:03 pm | 27 Comments | Read more about Condos for Sale, Highrises, Interiors, Neighborhoods: River Oaks, Quicklink, Real Estate Marketing
Read more about: , , , , , , ,
Wednesday, September 16, 2009

Into the Heart of Houston Real Estate

September 16, 2009 – 4:53 pm
   

A short note appears on the Google Map NPR Morning Edition co-host Steve Inskeep is using to keep track of his multi-day visit here: “We met with the developer of the Ashby, a controversial new condo building that is slated to replace the Maryland Manor building.” [Google Maps; previously on Swamplot]

4:53 pm | 2 Comments | Read more about Highrises, Neighborhood Disputes, Neighborhoods: Boulevard Oaks, Neighborhoods: Southampton, Proposed Developments, Quicklink
Read more about: , , , , , ,

Condo Spies in the Night: Investigating Sales at 2727 Kirby

September 16, 2009 – 4:15 pm

Sure, we all want to know how well the condos at the newly completed 30-story 2727 Kirby tower have been selling. But a couple of dedicated readers decided to investigate on their own:

[We] have been musing that 2727 Kirby looks awfully dark for a building for which the Chronicle proffers “all but 18 units have been sold”

Well, we put on our trench coats and went parking garage climbing to find out exactly how many souls live in that wraithlike monument to a bygone era.

These scary night pictures were taken on a Tuesday evening at around 8 pm. This was a prime time for at least a sampling of residents to be at home among their new Imported Stone Flooring and European Cabinetry. The night photos were taken from atop the parking garage on West Alabama that is the home of Fleming’s and from the Parking lot on Westheimer that serves Taco Milagro/Downing Street.

And they show . . . ?

Continue Reading This Story >

4:15 pm | 33 Comments | Read more about Condos, Condos for Sale, Highrises, Neighborhoods: Upper Kirby, New Construction: Residential, Real Estate Marketing
Read more about: , , , , , , , ,
Tuesday, August 25, 2009

Comment of the Day: Where the Skyscrapers Will Be Built

August 25, 2009 – 11:38 pm
   

“. . . in a century or two, Houston will be very densely populated. . . . I think Houston is relatively lucky to have street grids across most parts of the city, as opposed to the suburban lollipops in, say, Pearland’s newer subdivisions. When the skyscrapers come — and they will — then Houston’s grids will handle the load better than the lollipops would; and if worse comes to worse, old blocks can be razed for new streets, or our existing streets can be turned into one-way, so that for example you might have Bellaire and Westheimer only go westbound, and Richmond and San Felipe only eastbound (or vice versa).” [J.V., commenting on City to Ashby Highrise: Yes You Can!]

11:38 pm | 5 Comments | Read more about Comments, Forecasts, Highrises, Quicklink, Streets, Traffic
Read more about: , , , ,
Monday, August 24, 2009

Comment of the Day: After the Ashby Highrise

August 24, 2009 – 7:52 pm
   

“. . . My take on it is that this building MIGHT NOT be too bad, once the teeth-on-edge construction period is finished. (And I seem to be the only person who thinks the construction hassles should even matter to anyone. Big crane delivery and setup on Bissonnet, anyone?) But since there seems to be no legal way to stop this one, you can be sure that there will be some serious efforts to put rules in place to prevent any more. My own tongue-in-cheek explanation for why the neighborhood was so taken by surprise is that no-one ever thought for a minute that it made any kind of sense to build a high-rise on Bissonnet, for goodness sake.” [marmer, commenting on City to Ashby Highrise: Yes You Can!]

7:52 pm | 19 Comments | Read more about Apartments, Comments, Condos, Development Regulations, Highrises, Neighborhood Disputes, Neighborhoods: Boulevard Oaks, Neighborhoods: Southampton, New Construction, Proposed Developments, Quicklink, Traffic
Read more about: , , , , , , , , , , , ,