The Crowne Plaza Hotel in the Med Center goes down, Green Hill Dr. gets flattened, and more in today’s demolition report, below.
Sign up for the Newsletter
Tag: 77030
Buried at the end of a Houston Business Journal report on a new Hilton Garden Inn that’s going to replace the Droubi’s boxcar at 7807 Kirby, between South Main and OST, is this gem:
Moody National had been on the hunt for more property in the area, and was especially interested in finding more land next to the Hilton site to create a larger footprint for the project. . . .
A 1.2-acre vacant lot on the northeast corner of Main and Braeswood, across from Moody National’s Residence Inn, also caught the developer’s eye, but the price was too high there as well. Moody says an offer of $140 per square foot was rejected by the owner, who said he would entertain an offer of $185 per square foot.
“The land has been extremely hard to come by,” Moody says.
Sure, that’s expensive, but there’s a premium for waterfront property.
- Developer finally checks in with Reliant Center-area Hilton [Houston Business Journal]
Photo: Bradley Broom
A modernist classic gets its dust-conversion approval. That and other building-retirement news in today’s report, which begins after the jump.
A Heights institution falls. That and more in our daily list of demolition permits—after the jump.
Four businesses and seven residences gained official release from the restricting confines of structural integrity yesterday. What’s going down? Our list of falling buildings is after the jump.
Today’s round of demolitions are all residences. Ten doomed houses, after the jump.
The great southern Med Center land grab continues: Moody National Companies has bought a one-and-a-quarter acre site at the corner of Woodbury and Cambridge—about a quarter-mile southwest of the Spires. What for? How about . . . a new 200-unit apartment tower? Globe St. reports:
The fact the parcel is situated within 100 feet of the Michael E. DeBakey Veterans Affairs Medical Center and Baylor College of Medicine’s proposed 2.7 million sf [new campus] is underwriting the project’s potential as are the proposed rents. “We’ve projected rents at around $1.65 per sf, with an average unit measuring somewhere around 950 sf,” Moody tells GlobeSt.com. “We want to offer a lot of variety from smaller studio units to larger luxury units.” He adds that Moody will manage and lease the tower.
No architect yet. No general contractor. Early-2009 opening.
- Moody National Will Build $35M, 200-Unit Tower [Globe St.]
- Corner of Woodbury and Cambridge [Google Maps]