Condos

Screen Capture of Planning Commission Discussion of New Medistar 40-Story Condo and Hotel Tower at Dryden and Main St., near Southgate, Texas Medical Center, Houston

Thanks to some ~~intrepid reporting~~ lazy online-video scanning over here at Swamplot, we now have more information about Medistar’s 40-story hotel and condominium tower planned for the corner of Dryden and Main St. in the Medical Center.

Yesterday, the Planning Commission voted to defer any consideration of Medistar’s request for a lot-line variance along Main St. But the president of the Southgate Civic Club voiced his objections to the variance — and other aspects of the project — anyway.

After the jump, more stills from the civic-club president’s presentation to the Planning Commission, plus a few bits of armchair analysis from our crack crew of expert TV watchers.

77030, Condos, Highrises, Hotels, Neighborhood Associations, Neighborhood Disputes, Planning Commission, Proposed Developments, Southgate, Texas Medical Center, Variances

Commercial Real Estate

02/28/08 10:26am

Newest and Tallest: The Texas Medical Center Goes Condo

Condos, Highrises, Hotels, Malls, Medical Buildings, Proposed Developments, Southgate, Texas Medical Center

Here’s what we know so far about the new 40-story hotel-and-condo tower Medistar Corporation is planning for the corner of Main St. and Dryden, between Rice’s new Collaborative Research Center and the Baylor Clinic on the west side of Main: not a whole lot.

But at 40 stories, the new building would likely be the tallest tower in the Texas Medical Center. (The new Memorial Hermann Medical Plaza is only 31.) That’s taller than those twin hypodermics, too.

A lot-line variance for the project is item number 111 before the Planning Commission this afternoon. And the request provides a few clues. Medistar wants the same 10-foot setback along Main St. that the Baylor Clinic has, so the new building can have a similar passenger dropoff and a “pedestrian friendly” entry on that side. The building’s longer axis will be perpendicular to Main. The arguments imply Medistar intends to have “ornamental decorations and balconies” on the Main St. side, and that the tower will be linked by skybridge to the Medical Center main campus across the street.

According to the Southgate Neighborhood Newsletter, the tower will include a 1200-car parking facility.

This isn’t the only new building type Medistar is planning to stir into the Medical Center mix. A block down the street, just south of the company’s Best Western Hotel at 6700 Main St., Medistar is planning a 600,000-sq.-ft. medical mall. The Houston Business Journal reported on that project late last month:

The high-rise would house offices and showrooms for companies that sell equipment, supplies and pharmaceuticals to Texas Medical Center institutions. Tenants could also include organizations working to develop new medical technologies and treatments.

Six Thousand Six Hundred Main replat No 1 (more information available today only from pps. 76-78 of the agenda linked at the bottom of this page) [Houston Planning & Development Department]
Southgate News (PDF) [Southgate Civic Club]
Memorial Hermann Medical Plaza [Texas Architect]
Medistar tests medical mall market [Houston Business Journal]
Medistar Corporation
St. Lukeâ€™s: Weâ€™re Selling So We Can Renovate and Demolish [Swamplot]

77030, Condos, Highrises, Hotels, Malls, Proposed Developments, Southgate, Texas Medical Center

Apartments

02/26/08 11:49am

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

Briargrove, Buying and Selling, Condos, Real Estate Marketing, Woodway Glen

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.

77057, Apartments, Briargrove, Buying and Selling, Condo Conversions, Condos, Flipping, Multifamily Properties, Real Estate Marketing, Woodway Glen

Commercial Real Estate

02/26/08 8:36am

Whole Foods, Fast Foods, and the Titan

Condos, Development Strategy, Galleria, Highrises, New Construction: Residential, Proposed Developments, Restaurants, Retail

Still from Video of The Titan, Randall Davisâ€™s Proposed Condo Tower on Post Oak Blvd., Uptown, Houston

If you’re looking for clues to help you figure out what the McDonald’s on Post Oak is gonna look like when it gets rebuilt, the flashy new website for the Titan doesn’t help much. There’s a video that shows Randall Davis’s latest theme-heavy condo tower from all sorts of dramatic angles, but it never answers the question most of us have been asking since the project was announced last fall: How, exactly, is the drive-thru gonna fit next door?

Davis told the Houston Business Journal last September that the new McDonald’s would be a “long, skinny building” facing Post Oak, between the Titan and the new Alexan Post Oak apartments directly to the north. In the new video, though, there are no Golden Arches, and camera angles artfully block the most direct views of that portion of the building site.

There’s no mention of the McDonald’s on the Titan website. There is, however, a welcome second confirmation that another fine food establishment will be built down the street at Boulevard Place:

A newly planned Whole Foods Market, only half a block away, places hard to find gourmet items at your fingertips.

Okay, so it’s just advertising copy. But it’s recent!

After the jump, more views of the Titan — none of which show where the real Big Macs are gonna live.

77056, Commercial Real Estate, Condos, Development Strategy, Fast Food, Galleria, Highrises, New Construction: Residential, Proposed Developments, Randall Davis, Restaurants, Retail, Titan, Uptown, Whole Foods

02/21/08 4:48pm

The Titan: Uptown Theme Blender

Galleria, Highrises, New Construction: Residential, Proposed Developments, Real Estate Marketing

Penthouse View, Randall Davisâ€™s Proposed Titan Condo Highrise, Post Oak Blvd., Uptown Houston

All the condos in Randall Davis’s new Titan condo tower on Post Oak will be named after . . . industry titans! Get it? On the 18th floor, for example, you’ll have units named after J. Paul Getty, Coco Chanel, Pablo Picasso, and . . . Bill Gates! Now that’s a party. Floor 14? More people of brilliance, though a few of them might not actually get along so well with each other: Frank Sinatra, Winston Churchill, Ernest Hemingway, Rudolph Valentino, Steven Spielberg. Isn’t that clever?

It gets better: The Brin/Page is . . . a two-bedroom! Strangely, the Buffet has a Kitchen and Dining Room that are separated from the rest of the unit’s living space. And the three-bedroom penthouse named after Mies van der Rohe — whose neighbors are of course Rupert Murdoch and Neil Armstrong — has a Great Room with a curved wall in it, and is connected to the Entry Foyer by a long hallway.

One unit on floors 23 and 24 is simply named The Titan. But there’s no reason for Randall Davis to be so bashful — he really ought to go ahead and name it after himself. Is there anyone else in Houston who even comes close to his stature in the themed-condo market?

The Titan is a break from Davis’s earlier projects, though — because it seems to have so many different themes! Put all those architects, movie stars, musicians, Silicon Valley insiders, oilmen, and suicidal novelists together in a tower styled vaguely like a comic-book rocketship, add in Michelangelo’s sculpture of David as the naked brochure-and-website coverboy, and you’ve got the Titan’s winning marketing formula! A bit confused? Sure. But if anyone can mix all this stuff up and make it work, it’s Randall Davis.

After the jump, floorplans that prove what we all know already: Designing a great building is just like planning a great dinner party that includes a few famous dead people!

77056, Condos, Galleria, Highrises, New Construction: Residential, Proposed Developments, Randall Davis, Real Estate Marketing, Theming, Titan, Uptown

Braeswood Place

02/12/08 12:50pm

Belgravia: The British Empire Strikes Back

Condos, Gramercy Park, Neighborhood Disputes, Proposed Developments, Real Estate Marketing

Elevation of Proposed Belgravia Condos at 4026 Bellefontaine, Houston

Nineteenth-century British architect John Nash is apparently staging some sort of comeback in Gramercy Park. Here’s some of the marketing copy for the Belgravia, a 44-unit midrise condo building planned for Bellefontaine St., just west of Stella Link:

Following the traditions of neo-classical design, by one of Englands greatest architects John Nash, The Belgravia takes us to one of the most exciting times of British innovation where the most remarkable landmarks were sought, built, and admired.

The planning commission recently approved Sunhill Development’s replat of the property, over some vocal neighborhood opposition.

After the jump, more pics of the former British Empire’s Braeswood Place outpost!

77025, Braeswood Place, Condos, Gramercy Park, Neighborhood Disputes, Proposed Developments, Real Estate Marketing

Buying and Selling

02/05/08 8:09am

Manhattan Penthouse: Still Falling

Condos, Galleria, Homes for Sale, Lofts

Living Room of Manhattan Lofts Unit 808, Houston

Here’s as dramatic a perch as any from which to enjoy a high-price-condo meltdown: the empty cupola atop the 8th-floor penthouse of the Manhattan Lofts building in Uptown. And hey, it looks like quite a fall to the floor below. Maybe stepping down slowly would make some sense?

Almost exactly a month after our original report on this over-the-top, oversized, and overpriced Manhattan penthouse, the price was cut a sixth time, to $1.65 million. How long before it breaks into six figures?

3030 Post Oak Blvd. #808 [HAR]
Whoâ€™ll Take Manhattan? [Swamplot]

77056, Buying and Selling, Condos, Galleria, Highrises, Homes for Sale, Lofts, Price Reductions, Uptown

01/28/08 1:45pm

Heights Esplanade I: Now Available with Less Irony

Historic Districts, Houston Heights, New Construction: Residential, Proposed Developments

Rendering of Proposed Heights Esplanade I at 1801 Ashland St., Houston

The Magnolia Lofts, planned for the site of the former Ashland Tea House, has a new sales trailer at 1801 W. 18th St. in the Heights and a new, less ironic name. The project is now called Heights Esplanade I — though the development’s website throws in an odd extra apostrophe for good measure. Best news: The same website declares that “At the Esplanade, urban loft living will take on a new meaning.” The building will be four stories high, contain forty condos, and sit on a two-story “partially submerged” garage.

A HAIF reader who stopped by the sales office reports that Conroe-area builders Garrett Austen are planning two additional phases, with 80 and 120 more condos respectively.

After the jump: floor plans for Unit 403, on sale now for $261,118.

77008, Condos, Historic Districts, Houston Heights, New Construction, New Construction: Residential, Proposed Developments

01/23/08 11:52am

Nine and a Half Bathrooms: The Turnberry Tower Penthouse Evacuation Plan

Galleria, Highrises, Home Design, Homes for Sale, Interiors, New Construction: Residential, Proposed Developments

Plan of Top Floor Gramercy Tower Suite Penthouse of Turnberry Houston Tower Showing 9 and a Half Bathrooms

Do you experience the urge to urinate frequently? Do you suffer from recurring bladder infections? An enlarged prostate? And one more question: Do you have $8.5 million burning a hole in your (probably moist) pocket?

Well then, you’re certainly going to pee in your pants when you see the exciting floor plans for the two “Gramercy Tower Suite” penthouses on the top floors of Houston’s 34-story Turnberry Tower! Yes, this will be the height of luxury: 11,860 sq. ft. of living space on three separate levels of an Uptown highrise; an additional 3,535 sq. ft. of terraces; 4 bedrooms plus a Den, a Guest Suite, and a Staff Room for live-in help; a Media Room, two Lounges, and a 2-story Great Room; a private elevator entry; your own private pool and cabana; and so much more.

But forget all that. What makes this little pied-Ã -terre special is that even if all that space perched high in the sky (and the at-least-jaw-dropping panoramic views) gives you an unmistakable urge to evacuate, you’ll only be a few shuffling paces away from a toilet: Each unit comes with nine-and-a-half bathrooms. And if that’s not enough, there’s plenty of room to add more!

Read on for more of the scoop on where to poop: floor plans for the top two floors, with more porcelain palaces clearly marked. Plus: a closeup of Swamplot’s favorite Turnberry penthouse pit stop!

77056, Bathrooms, Condos, Galleria, Highrises, Home Design, Homes for Sale, Interiors, Luxury Highrises, Proposed Developments, Swimming Pools, Turnberry Tower, Uptown

Apartments

01/17/08 5:52pm

River Oaks District Development Reaches Advanced Watercolor Stage

Commercial Real Estate, Condos, Highrises, Mixed Use, Office Buildings, Proposed Developments, Retail, River Oaks, Shopping Centers

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!

77027, Apartments, Commercial Real Estate, Condos, Highrises, Hotels, Mixed Use, New Construction, Office Space, Proposed Developments, Retail, River Oaks, River Oaks District, Shopping Centers, Westheimer

Buying and Selling

01/16/08 11:25am

1342 Rutland: How To Invest in a Collapsing Market

Condos, Houston Heights

Check out the discussion going on now in the “Real Estate Professionals” section of the City-Data online forum. A reader is excited about an amazing investment opportunity at the 1342 Rutland St. condos in the Heights!

The unit I’m interested in is as of now at $34K. This if from a high of $77.5. Yes wow the suspiciousness of the place even more intriguing.

I’m thinking I could pay cash for the place maybe borrow a little but (family borrow not bank borrow)… finish the interior (it’s not finished) and rent it out for a good monthly rate (good for me that is). It’s in one of the best/trendy/expensive neighborhoods in Houston . So from the steady fall of the price I’m thinking an offer of $25K would be good. That way I could pay it completely and take my time fixing it up for rent… or sale.

Wow, a $77,500 condo for only $25,000! Sounds like a great investment. But then there’s that nagging feeling inside that makes the would-be investor end with this question:

Just how scared should one be entering this building[?]

After the jump: Reader advice!

77008, Buying and Selling, Condos, Foreclosures, Homes for Sale, Houston Heights, Price Reductions

01/16/08 9:39am

A First Look at the Ritz-Carlton Hotel Tower at Boulevard Place

Galleria, Highrises, Hotels, Mixed Use, Proposed Developments

Rendering of Ritz-Carlton Hotel Tower Proposed for Blvd Place, Uptown, Houston, by SOM A tipster sends Swamplot this sneak peek at the hotel tower planned for Uptown’s Boulevard Place development. That’s somewhere around 180 highrise condo units perched on top of a 225-room hotel, which the Chronicle reported this weekend would likely be a Ritz-Carlton.

A tower that’s tall, thin, sleek, and half-dressed would seem about right for the Galleria, no? We count about 31 stories in the hotel-tower drawings before our eyes get all buggy, but plans might call for a building even taller than that. Our source reports that the hotel tower might end up taller than the 55-story apartment tower the Houston Business Journal reported that the Hanover Company was also planning for the site.

After the jump: The view from above!

77056, Condos, Galleria, Highrises, Hotels, Mixed Use, Proposed Developments, Uptown

01/08/08 10:05am

That Fishy Tanglewilde Condo

Home Decor, Homes for Sale, Interiors, Real Estate Marketing, Tanglewilde

3780 Tanglewilde St. #609, Houston

Here’s a great idea: Let’s deck out a 1980s two-bedroom, two-story Tanglewilde condo. It’ll look really sophisticated and sell fast, too! First, add the sleek blond leather furniture. Then build a dramatically lit aquarium into the dining area, so you can see the back of it . . . from the kitchen! That’s gotta help this baby sell for big bucks.

Except sixteen months later, it’s still on the market. The asking price has dropped from $129,900 to $109,900, but it’s been sitting at that last number for more than 10 months. And more reductions seem inevitable: Just a few doors down, an unstaged version popped up for sale 8 days ago, and has already reduced its price to $99,000.

After the jump, more pics of the Tanglewilde leather-and-aquarium bachelor pad!

77063, Condos, Home Decor, Homes for Sale, Interiors, Price Reductions, Real Estate Marketing, Staging, Tanglewilde

12/28/07 10:19am

Sterling Senior Condo Sales Staff Retires

Highrises, Memorial Villages, Proposed Developments, Senior Living

Sales Sign for Sterling at Memorial Villages Remember that fancy 27-story condo tower planned for Voss between San Felipe and Woodway? The one that was “for seniors only” and featured three floors of assisted living? Where you could buy a spacious 950-square-foot unit for just a tad under $500K?

Well, neither did we.

But if you were too busy pursuing an active lifestyle to notice that the sales center had shut down and the website disappeared, today’s Houston Business Journal makes the official announcement: The Sterling at Memorial Villages is dead, for lack of interest.

The project site holds a shuttered retail facility where a Chipotle formerly operated. The western-most part of the site, which is not owned by [Sterling developer] Sunrise Senior Living, is being marketed for sale by McDade Smith Gould Johnston Mason + Co. The eastern portion of the property — where the condo was to be built — is now being marketed by Wheless Properties.

The public company will see what offers it gets for the land, but [Sunrise Senior Living rep Jamison] Gosselin says it also is considering developing a rental property at the site.

Not mentioned in the article: Links to The Sterling of The Woodlands on the company website no longer work either.

Condo project flops as seniors fail to buy in [Houston Business Journal]
The Sterling

Photo: HAIF user BuilderGeek

77057, Canceled Projects, Condos, Highrises, Memorial Villages, Proposed Developments, Senior Living

Buying and Selling

12/19/07 1:57pm

Who’ll Take Manhattan?

Condos, Galleria, Highrises, Homes for Sale, Interiors, Lofts

Living Room of Manhattan Lofts Unit 808, Houston

This delightful unit has lingered on the market for a mere 22 months. That’s a long wait for a condo bubble that never happened. And hey, it ‘s a fun ride down the price ladder!

The grossly oversized two-bedroom, two-and-a-half bath corner unit on the top floor of the misplaced Manhattan building in the Galleria was originally priced at $2.1 million, back in the swelled-heady days of February 2006. Five methodical price drops later, we’ve reached $1,695,000. That’s a lot of cuts, but we’re still not even down 20 percent: how low will the program-trading-style reductions go?

After the jump, more pics of the . . . uh, eclectic interior.