Tag: BLVD Place

Development Strategy, Galleria, Land Prices, Neighborhood Disputes, Parks, Proposed Developments, Quicklink

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GALLERIA POCKET PARK FIGHT ENDS WITH TIRZ REACHING INTO POCKET Twin septuagenerian veterinarians Jock and James Collins, whose property on the corner of San Felipe and Post Oak Ln. adjacent to BLVD Place was taken by eminent domain 2 years ago, settled their dispute with the city this past August after receiving a $990,000 payment from the Uptown TIRZ, reports Mike Snyder: “The amount of the settlement is less than the $1.4 million Wulfe offered the brothers for the property in 2006, an offer they refused because they wanted a lump sum rather than payments over several years. However, it’s more than twice the $433,800 that the city asserted the land was worth in December 2006, the agreed-upon date for settlement discussions, [the Collins brothers’ attorney, J. Cary] Gray said. The brothers contended the land was worth $1,012,000, Gray said. The Collins brothers, along with leaders of some government watchdog groups, contended the park was a pretext for providing a landscaped entrance to [Ed] Wulfe’s [Blvd Place] development at public expense. Documents obtained by the Houston Chronicle last year showed that the condemnation helped Wulfe close a $12.5 million land deal for a planned residential tower within the development, although plans for that project have been delayed because of the recession. [Mayor] White repeatedly denied that political considerations were a factor. The need for land to widen San Felipe wasn’t disputed, and White said it was a better deal for taxpayers for the city to take the entire parcel.” [Houston Chronicle; previously on Swamplot]

77056, BLVD Place, Commercial Real Estate, Development Strategy, Eminent Domain, Galleria, Land Prices, Neighborhood Disputes, Parks, Proposed Developments

Commercial Real Estate

03/19/09 4:07pm

Taking a Bite out of Whole Foods

Galleria, Leasing, Proposed Developments, Quicklink, Retail

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TAKING A BITE OUT OF WHOLE FOODS That new Whole Foods Market coming to Post Oak Blvd. in the Galleria may not end up being quite the giant originally envisioned, says Nancy Sarnoff: “Developer Ed Wulfe, whoâ€™s building the BLVD Place mixed-use project where the Whole Foods will go, recently said the parties are working on amending the lease to reduce the size of the store, originally planned for 80,000 square feet. Put in context, the Kirby Whole Foods is about 40,000 square feet and Central Market is about 75,000 square feet. An 80,000-square-foot store would have been on par with the companyâ€™s flagship market in Austin, where customers can eat at mini-restaurants, chose from hundreds of varieties of beer, cheeses and a seafood counter that smokes, slices and fries to order. In a related move, Whole Foods recently announced that it was keeping its store on Woodway and Voss open. The plan was to close it when the Post Oak store opened. [Houston Chronicle; previously in Swamplot]

77056, BLVD Place, Commercial Real Estate, Galleria, Grocery Stores, Leasing, Proposed Developments, Retail, Uptown, Whole Foods

Buying and Selling

01/05/09 8:44am

Post Oak Lane Park Dollar Timeline: All the Offers and Counters

Commercial Real Estate, Development Strategy, Galleria, Land Prices, Neighborhood Disputes, Parks, Proposed Developments, Quicklink

POST OAK LANE PARK DOLLAR TIMELINE: ALL THE OFFERS AND COUNTERS Following up on the overview of the controversy he and Carolyn Feibel published last week, Bradley Olsen provides this updated summary of all the offers made for James and Jock Collins’s 7,230-sq.-ft. property at the the corner of San Felipe and Post Oak Ln., adjacent to Boulevard Place: “In April 2002, the Uptown Development Authority offers the Collins brothers $289,000 for their property to widen San Felipe and for other purposes (they bought it for $363,750 in 1982). They declined. In February 2004, Uptown offers the Collins brothers $398,035 for their property. They declined. Wulfe & Co. begins negotiations with the brothers to buy the property in 2004. In early 2006 (one side says March, the other says May), Wulfe and Co. offered the Collins brothers $1.985 million, which included a $1.46 million cash offer plus financing of $525,000 over five years. The brothers declined that offer, both sides confirm. The brothers counter-offer by asking for $1.7 million in cash, according to Cary Gray, their attorney. In June 2006, Wulfe and Co. responded with a $1.46 million cash offer, which they withdraw in July, according to both sides. In October 2006, the city notifies the Collins brothers of its intent to seize the land through eminent domain powers. Before filing its eminent domain lawsuit, the city gives the brothers a final offer in May 2007 of $433,800. They declined. In February 2008, a panel of special commissioners appointed in Harris County Civil Court voted to award the Collins brothers $723,000. They declined. The legal proceedings between the city and the brothers are still ongoing and are in the discovery phase.” [Houston Chronicle]

77056, BLVD Place, Commercial Real Estate, Development Strategy, Eminent Domain, Galleria, Land Prices, Neighborhood Disputes, Parks, Proposed Developments

10/24/08 3:49pm

Hanover Uptown Apartment Tower: Officially on Hold

Financing, Galleria, Proposed Developments, Redevelopment

Proposed 37-Story Hanover Apartment Tower at Boulevard Place, Uptown, Houston From Jennifer Dawson in today’s Houston Business Journal comes confirmation of part of Swamplot’s report earlier this week on the two highrises planned for Boulevard Place. The Hanover Company’s planned 37-story apartment tower isn’t moving forward anytime soon:

Construction was supposed to start this month, but thatâ€™s not going to happen because itâ€™s too difficult to get a construction loan right now, says Hanover President John Nash.

He says it would be impossible to predict when the credit market would allow the project to move forward, but it could be delayed as much as a year.

Tight money postpones plans for residential tower [Houston Business Journal]
Putting Off the Ritz: Boulevard Place Towers Stalled [Swamplot]
Hanover Apartment Tower at Boulevard Place: 37 Stories [Swamplot]

Tower rendering: Solomon Cordwell Buenz, via the Houston Chronicle

77056, Apartments, BLVD Place, Condos, Financing, Galleria, Hotels, Mixed Use, Proposed Developments, Redevelopment, Uptown

10/21/08 11:22am

Putting Off the Ritz: Boulevard Place Towers Stalled

Financing, Galleria, Hotels, Mixed Use, Proposed Developments, Redevelopment

Aerial View of BLVD Place, Showing Proposed Ritz Carlton and Hanover Apartment Towers

Remember the two 30-plus-story towers planned for Boulevard Place on Post Oak — the Ritz Carlton Hotel and the Hanover apartment tower? How have they been surviving the rumbling credit crunch?

A HAIF user last week

got slight confirmation that both the hanover tower and the ritz are going to be delayed at least slightly… they still expected both to happen, but they will be phased in.

Then yesterday came another comment:

i can confirm this in regards to hanover.

dont expect their tower to be built anytime soon.. i would consider it postponed indefinitely rather than slightly.

Followed by this:

As a sub on this project I will also confirm this. We have been told at least 6 months of delays.

But they still look great on ~~paper~~screen!

77056, Apartments, BLVD Place, Condos, Financing, Galleria, Hotels, Mixed Use, Proposed Developments, Redevelopment, Uptown

Galleria

08/08/08 12:13pm

Whole Foods Galleria and North Montrose: Still on Track

North Montrose, Proposed Developments, Retail

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View of Proposed New Galleria Whole Foods at Blvd Place

Whole Foods Markets’ recently announced plans to scale back some of its planned store openings will not disturb plans for new Houston stores on West Dallas at Waugh and in Boulevard Place — according to a report in the Houston Business Journal:

Scott Simon, executive marketing coordinator for Whole Foods, says this announcement will not impact any of the companyâ€™s plans in Houston.

The Austin-based health foods supermarket chain is planning to develop a 78,000-square-foot store at the southwest corner of Post Oak and San Felipe.

â€œOur Post Oak store would very likely not open until 2010 anyway, so this decision doesnâ€™t affect our Houston plans,â€ says Simon.

Whole Foods says Houston store still a go despite plans to cut back [Houston Business Journal]
Is The Reign Of Whole Foods Over? [Hair Balls]
The New Whole Foods at West Dallas and Waugh [Swamplot]
Uptown Whole Foods: Still on Track, Apparently [Swamplot]

Boulevard Place Whole Foods image: DMJM H&N

BLVD Place, Galleria, North Montrose, Proposed Developments, Retail, Uptown, Whole Foods

Galleria

06/05/08 4:16pm

Galleria Whole Foods Parking Puzzle Solved

Parking, Proposed Developments, Redevelopment, Retail, Shopping Centers

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Proposed Whole Foods on Post Oak Blvd., Blvd. Place, Galleria, Houston

Yesterday’s brief Uptown Whole Foods parking mystery has been solved by one of our most helpful tipsters . . . who points to an older but more complete set of Boulevard Place plans. Shoppers, there is no need to worry. You will be able to park above, below, near, or yes — right in front of Whole Foods . . . and you won’t get stuck having to sneak your whole-grain-laden shopping cart past HermÃ¨s. Just imagine what awkward social situations that would have caused!

Below: 5 levels of out-of-date Blvd Place site plans explain it all!

77056, BLVD Place, Mixed Use, Parking, Parking-Garages, Proposed Developments, Redevelopment, Retail, Shopping Centers, Whole Foods

06/04/08 3:08pm

The Sleek Strip, the Ritz Tower, and the Path to Whole Foods: A Closer Look at Boulevard Place

Commercial Real Estate, Condos, Galleria, Hotels, Mixed Use, Proposed Developments, Redevelopment, Retail, Shopping Centers, Strip Centers

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Post Oak Blvd. Parking, Blvd Place, Uptown, Houston

Sure, the super-Mod architecture, elevated sidewalks, artistically moistened streets, and glistening rotunda in the new Boulevard Place renderings make the place look pretty swank, but what’s with the token strip of parking spots out front? Is this gonna be pay-to-display valet? Some kind of shopping-center twist on a velvet rope line? Or just a stab at maintaining Houston street cred: Sure, Post Oak Blvd. might be going urban upscale, but this is one development that won’t be forgetting its strip-center roots!

Updated views of Blvd Place, including the new Ritz-Carlton and Hanover towers — plus a site plan and a Whole Foods puzzle! It’s all below:

77056, Apartments, BLVD Place, Condos, Galleria, Hotels, Mixed Use, Proposed Developments, Redevelopment, Uptown, Whole Foods

05/16/08 10:03am

Hanover Apartment Tower at Boulevard Place: 37 Stories

Galleria, Highrises, Proposed Developments, Redevelopment

Hanover Company 37-Story Apartment Tower at BLVD Place, designed by Solomon Cordwell Buenz Today’s Chronicle has details on that apartment tower the Hanover Company has been planning for Boulevard Place, Ed Wulfe’s Post Oak redevelopment just north of the Galleria. Doing the math, your average 1,650-sq.-ft. apartment in the glass tower will rent for more than $4,000 a month.

That’s before it goes condo, of course.

At 37 stories, the 236-unit Hanover tower may end up even taller than the slender Ritz-Carlton planned directly to the south.

More info from Nancy Sarnoff:

Solomon Cordwell Buenz of Chicago is designing the building, which will have “boutique hotel style” amenities, including a concierge and bellman, as well as a lounge and catering kitchen.

A 19,000-square-foot rooftop pool terrace will be atop an attached parking garage.

The units will be similar to those in 7 Riverway, another Hanover project in the area. They will include stainless steel appliances, granite slab countertops, crown molding, hardwood floors and travertine tile, but will be larger and have additional features and amenities.

Hanover chose to design the building with larger units because it said there was considerable demand at 7 Riverway for oversized kitchens and living spaces.

After the jump: Where it’s going to land!

77056, BLVD Place, Condos, Development Strategy, Galleria, Highrises, Parks, Proposed Developments, Uptown

09/21/07 10:23am

Supermod Boulevard Place: Replacements First

Commercial Real Estate, Condos, Demolitions, Development Strategy, Galleria, Highrises, Hotels, Leasing, Mixed Use, New Construction, New Construction: Residential, Office Buildings, Proposed Developments, Retail, Shopping Centers

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Aerial View of Blvd Place

Having trouble leasing upscale retail space in your giant mixed-use redevelopment project? No prob. Just build sleek new quarters for your existing tenants first. When they move, demolish their old building and build your new project in its place. Somebody else has gotta sign up by then, right?

The Houston Business Journal gives some details of Wulfe & Co.’s plans at the Galleria-area Boulevard Place:

The first building will rise at the project’s southern boundary, at the northwest corner of Post Oak Boulevard and Ambassador Way. The 70,000-square-foot building will house seven tenants currently in the Pavilion on Post Oak and Fashion Place retail centers that are relocating to Blvd Place — including Cafe Annie, Americas and Hermes. Once the tenants move, the older retail centers will be demolished and the remainder of Blvd Place will go under construction.

Retail, of course, is just part of the picture. There’s a hotel, condos, and an apartment building in the project . . .

Wulfe would not disclose the hotel name because the hospitality company wants to make the announcement, probably in about a month. However, he did reveal that the 225-room luxury hotel will include 175 to 200 high-end condominiums on the upper floors.

Wulfe also said it is “pretty definite” that the apartment building will be developed by Houston-based Hanover Co. An industry source says Hanover plans to buy Wulfe’s land for a 55-story apartment tower, making it the second-tallest building in the Galleria area behind the Williams Tower.

But what about the rest of that retail?

Whole Foods Market Inc. announced last year that it will build a 78,000-square-foot flagship store at the southwest corner of Post Oak and San Felipe. There are currently no other new tenants signed.

No other new tenants signed? That leaves just over 350,000 square feet of planned retail space in the development still available. No word in the article either about the 120,000 square feet of boutique office space, mostly on two stories above the retail. And construction is scheduled to start next month.

Wulfe joked at last week’s Commercial Real Estate Women luncheon that come Oct. 1, “somebody’s going to be shoveling something” at the site . . .

After the jump: renderings of that superbig, supermod Whole Foods that ate Eatzi’s, plus more Boulevard Place images.