Here’s the latest installment of Swamplot’s fun-pix-from-around-town feature!
Above: While visiting last weekend’s Gulf Coast Green symposium and expo at the Reliant Center, Sean Morrissey Carroll catches the Astrodome peeking in on the action.
A few more images loom:
LETTING THE TIRZS FLOW Work on public improvements connected to the 4-million-sq.-ft. Regent Square project in North Montrose will begin by October, and work on the actual development will begin by a year later, according to an agreement approved by city council yesterday. GID Urban Development Group, the project’s developers, will be reimbursed for $10 million of its work on public streets and sidewalks through the Memorial Heights TIRZ. What’s next? “[Mayor] White said he generally has shied away from such public-private development efforts, but would continue to review opportunities on a case-by-case basis for distressed properties, such as Sharpstown Mall, and for other major projects already in the works that have been delayed or canceled amid the national economic crisis. . . . The mayor made note of a number of properties to which he hopes to attract developers, including in the Leland Woods TIRZ near Homestead Road and East Little York, the Near Northside TIRZ immediately north of downtown Houston, and in the Fifth Ward TIRZ. Other potential incentive packages may not be administered through a TIRZ, he added.” [Houston Chronicle; previously in Swamplot]
COMMENT OF THE DAY: WEINGARTEN’S BLACK EYE “Maybe Mr. Alexander could solicit such basic needs tenants for the River Oaks Shopping Center; perhaps a local bakery and a quick-serve restaurant like the Black-Eyed Pea, for example? [Hellsing, commenting on And What About the River Oaks Shopping Center?]
AND WHAT ABOUT THE RIVER OAKS SHOPPING CENTER? His company’s stock down more than 70 percent since last year and the 2009 calendar wiped clean of all new development projects, Weingarten Realty president and CEO Drew Alexander tells analysts and investors the REIT is gonna survive. “The key to the survival? An increase in cash on the balance sheet and a continued ‘focus on tenants that sell basic goods and services,’ Alexander commented. Those tenants include grocery stores, dry cleaners, quick-serve restaurants and value chains such as Ross, Marshall’s and TJ Maxx.” [Globe St.]
What’s inside that special $10 million life-support package for the Regent Square development City Council is considering?
The reimbursements proposed for Regent Square would be administered through the expansion of the Memorial Heights Tax Increment Reinvestment Zone. Under a TIRZ, property tax revenues generated within the boundaries are frozen at a specified level. As development occurs and property values rise, tax revenue above that level, known as the increment, is funneled back into the zone to pay for infrastructure and capital improvements to help attract further development.
Under the plan before council today, part of the increment will be given back to the specific developer rather than the redevelopment authority that operates the TIRZ.
The fog cuts both ways: Reader Stephen Cullar-Ledford sends in this view looking back at Downtown, taken from the AIG American General building on Allen Parkway yesterday morning.
. . . Along with yet another economy/fog/building metaphor, ripe for the captioning:
Reader Mary Ellen Arbuckle sends in a few shots of the beleagured AIG American General building on Allen Parkway, which she snapped earlier this morning from a perch on the 36th floor of the KBR Building Downtown. “Could this be forefogging?” she asks.
It might be a bit tough for anyone see a way through this mess. Do things look any better if you take the long view?
Annie Sitton documents Ligne Roset’s surprise weekend move from that fancy strip mall on Kirby to . . . the River Oaks Shopping Center? Uh . . . wasn’t the mod French furniture store supposed to be moving this April . . . to West Ave?
And what does this move mean for Design Source, West Ave’s prize showroom of showrooms, that Ligne Roset was supposed to headline?
IS THAT THREE BROTHERS BAKERY ON THE LINE? A spokesperson for Weingarten Realty reports the company has “a number of good prospects” to lease the second-story space in the semi-curved replacement building that caused all that fuss over at the River Oaks Shopping Center. Earlier this week, Tony Vallone announced he’s backing out of plans to open a new Italian restaurant in the space: “. . . the recent flak between neighbors and developer Weingarten Realty on such points as the building’s setbacks and the use of the patio were not factors in pulling the plug, he said, adding the discourse was full of misinformation. Vallone said, for example, rumors were circulated that the patio would have been used, at times, as a band venue, which would not have been the case. ‘I would never do anything to jeopardize the relationship with the neighborhood,’ Vallone said.” [River Oaks Examiner; previously]
Weingarten’s Planning Commission victory earlier this month doesn’t resolve everything for the westernmost of two replacement retail buildings now under construction at the River Oaks Shopping Center. First, reports Mary Ann Acevedo in the Houston Business Journal, that last-minute compromise left a few neighbors grumbling:
. . . some of the neighbors are not pleased that they didn’t have an opportunity to review the final agreement after Weingarten’s most recent changes prior to the Jan. 8 hearing with the Planning Commission.
According to [neighbor Janet] Moore, Weingarten had told the group it would deliver an advance copy for their review.
“They presented us a signed, unmarked copy at the hearing and had no one available authorized to negotiate changes to the agreement,†Moore says. “Some of the neighbors are disappointed with a few of the changes in the agreement.â€
On, Jan. 13, Weingarten presented the neighbors with a revised agreement that Moore says does address some of those concerns, although the parties continue to work out the details.
Next, that Vallone restaurant planned for the building’s second floor and balcony — which at one point was referred to in Weingarten’s marketing materials as Il Tavolo (and is labeled Adagio Vino in the renderings) — may not be a done deal yet:
There was no showdown over the River Oaks Shopping Center variance request at yesterday’s Planning Commission hearing. In talks prior to the meeting, Weingarten Realty used its mad skillz to assuage the most vocal neighbors with a few minor changes to the patio-topped porte-cochere facing Shepherd Drive — already under construction — that violated the setback:
. . . reduce the size of the balcony seating and enclose the seating area. That will result in a 30-inch encroachment into the area of the 25-foot setback.
Lower the 10-inch signage on the west side of the building facing Shepherd Drive.
Will remove external LED lights on the west side of the building and turn off flashing security box lights inside the parking garage.
Variance . . . granted! The screencapture above shows the revised, enclosed balcony shown at the hearing, which will be a part of Tony and Jeff Vallone’s new Il Tavolo restaurant and wine bar.
Weingarten knows how to keep more than just a noisy upstairs wine-bar quiet, notes abc13’s Miya Shay:
The cars, the people: The big city can be an intimidating place. How about these guys take on the Galleria next?
A few fun pix from around town! Reader Michele sends in this snapshot of some “‘groovy‘ Christmas Yard art” taken on Ella Lee in River Oaks.
What’s next?
Weingarten had no problem tearing down the first part of the River Oaks Shopping Center last year. But when it decided to replace the historic curved building at the northeast corner of West Gray and Shepherd with the semi-curved, semi-modern confection shown here, did the company go too far?
According to the GHPA, Weingarten is now seeking a variance to allow it to keep changes it made to the approved plans for the building — which have already been built. From a website referred to in a GHPA email:
The restaurant’s balcony facing Shepherd encroaches into the mandatory setback, violating Houston City Setback Requirements. Once the City was notified of the encroachment, construction of the encroaching porch was stopped—temporarily. . . . Weingarten Realty has requested that the Planning Commission grant a variance to permit this encroaching porch. Without objections from concerned citizens like you, the City will likely grant the variance request.
That restaurant is Jeff and Tony Vallone’s planned new Il Tavolo. After the jump, a portion of the Greater Houston Preservation Alliance’s message:
