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Thursday, February 21, 2008

The Titan: Uptown Theme Blender

Penthouse View, Randall Davis’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!

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Uptown Whole Foods: Still on Track, Apparently

View of Proposed New Galleria Whole Foods at Blvd Place at Former Eatzi’s Site

It may not count as confirmation exactly, but we now at least have repetition — from two separate sources — that the new Whole Foods Market our readers have been worrying about will in fact be coming to the Galleria area.

The first source is the Chronicle’s Nancy Sarnoff, who — after interviewing Boulevard Place developer Ed Wulfe — states that a new Whole Foods will be the anchor of Wulfe & Co.’s new mixed-use development on Post Oak Blvd. . . . though it won’t open until 2010.

The second source is . . . a little unusual. We’ll tell you about it in our next an upcoming post.

Update, 2/26/08: That second source.

Boulevard Place Whole Foods image: DMJM H&N

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Friday, February 15, 2008

Uptown Hot Potato: Four Quick Flips in a Few Short Months

That parking lot at the corner of Richmond and Post Oak, where the Steak & Ale and Mason Jar used to be? Very popular:

In 2007, Houston-based Hines Interests LP sold 9.4 acres to Rich Oak Properties LLC, an affiliate of Boymelgreen Developers LLC of New York. Sources put the purchase price at $86 per square foot, or roughly $33 million . . .

Rich Oak ultimately opted out of building on the site and chose to sell the entire 9.4 acres.

On Dec. 21, 2007, the land was acquired by Lasco/Hicks Ventures Ltd. Sources estimate the purchase price was $140 per square foot, or roughly $57 million.

A $24 million profit? Not bad for a few months’ work. And they said the days of the Houston land flip were over!

On the same day, Lasco/Hicks flipped six acres to Elegant Development Group Inc. The buyer is affiliated with Elegant Development and Investment Inc., a Houston-based construction services company that does commercial and residential work . . .

Less than two weeks later, Elegant Development flipped the six acres to Deyaar Development.

Deyaar Development is based in Dubai, and likes tall towers.

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Wednesday, February 13, 2008

Is Whole Foods Coming to Boulevard Place . . . or Not?

View of Proposed New Galleria Whole Foods at Blvd Place at Former Eatzi’s Site

Uptown residents have had a lot of fun speculating about just how enormous and feature-filled the new Galleria Whole Foods flagship store on Post Oak Blvd. will be. The Whole Foods website lists it at a massive 78,000 sq. ft. — though the page it’s on hasn’t been updated since last October.

But now from our mailbox comes this gushing report:

Rumors have been circulating for the last week that Whole Foods has pulled out of Ed Wulfe’s BLVD Place development on Post Oak Blvd. The owners of a prominent jewelry store across Post Oak Blvd. have been telling people that the deal fell through.

Is this just shopping-center trash talk? Or has something changed? Our informant provides more Boulevard Place and Whole Foods FUD:

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Tuesday, February 5, 2008

Manhattan Penthouse: Still Falling

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?

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Wednesday, January 23, 2008

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

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-à-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!

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Wednesday, January 16, 2008

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

Rendering of Ritz-Carlton Hotel Tower Proposed for Blvd Place, Uptown, Houston, by SOMA 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!

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Friday, December 21, 2007

Galleria-Area Apartments Coming to Site of Galleria-Area Apartments

Le Maison on Revere

Uptown renters: Were you planning on staying in your apartment for a while?

A sharp-eyed reader notes that ZOM — the developer of the Bel Air on Allen Parkway and the new Katrina Memorial apartments planned for Revere St. near Kirby and Westheimer (pictured above) — is also planning a 250-unit apartment complex somewhere near the Galleria. The company’s going to stick with its strategy of buying existing apartment complexes, demolishing them, building newer apartments in their place, and then selling them off, ZOM’s Trip Stevens tells Globe St.’s Amy Wolff Sorter:

“It’s the only way to go in that submarket,” Stevens says. But then he adds real news:

Stephens says ZOM will do the same thing to get its third Houston project into the Galleria submarket. He says the closing for the existing apartment complex should occur late in the first quarter. The plan is to start scraping the three-acre site around midyear.

That’s information a few Galleria-area renters who live in three-acre apartment complexes will probably want to know.

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Wednesday, December 19, 2007

Who’ll Take Manhattan?

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.

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Tuesday, December 11, 2007

Fig. Leaves: Miraculous Advanced LipoDissolve Works on Retail Locations Too!

Collage of Diagrams from fig. Medical Body Shaping Website Showing How Advanced LipoDissolve Is Supposed To Work

Swamplot’s many readers eager to return to Houston-area Fig. Medical Body Shaping clinics for continuing fat-reducing injections will be saddened to learn that the national chain has abruptly shut down and discontinued all operations. A note on the fig.com website indicates the company will likely be seeking bankruptcy protection.

There are three local Fig. clinics: in Sugar Land at 59 and Highway 6, next to Panera Bread; next to Jamba Juice at the Summit Plaza by Lakewood Church; and at the Portofino Shopping Center across I-45 from the Woodlands. (Yes, that’s the same Portofino Shopping Center that was home to the statue-genitalia controversy a few years back — which was ultimately solved with . . . a fig leaf.) All three Houston-area Fig. locations had been open only since April.

Okay, whose inside joke was it to locate all three fat-reduction clinics in shopping centers on feeder roads?

What happened to Fig. that would cause it to shut down so suddenly? (Reader caution: suggestive uh . . . medical detail below.)

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Monday, December 10, 2007

CompUSA Boxes Available Soon

Empty Willowbrook CompUSA store

Looking for a couple strategic locations on Westheimer for Big Box stores . . . say one near the Galleria, the other near Kirkwood? You’re in luck: CompUSA is toast.

Turnaround firm Gordon Brothers Group has acquired computer manufacturer CompUSA for an undisclosed amount. As part of the deal, Boston-based Gordon Brothers is closing all 103 CompUSA stores, which will remain open through the holiday season.

Sound familiar? CompUSA shut down 176 locations nationwide this past February, including stores in Sugar Land, Baybrook, Willowbrook, and another on FM 1960.

Photo of empty Willowbrook CompUSA: Ailona Gellert

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Thursday, November 8, 2007

The Titan: Rocketship Condos on Post Oak

Randall Davis’s Proposed Titan Condo Tower on Post Oak Blvd. near the Galleria, Houston

Now that a drawing of the Titan condo tower has been posted on the proposed Galleria development’s website, it’s clear why Randall Davis wasn’t so worried that potential buyers would be distracted by the McDonald’s that’s gonna be rebuilt next door. One look at the Titan tower poised on top of its launch-pad parking garage, and you’ll likely become more concerned about lift-off than drive-thru.

Where are the rocket boosters? And will the heat-shield tiles stay on? Don’t worry — as with most Randall Davis projects, the Titan will only reach a comic-book-level approximation of its theme. To confuse things further, Michelangelo’s statue of David appears to have been chosen as the tower’s mascot.

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Wednesday, October 17, 2007

The Luxury Highrise and the Drive-Thru: They’re Lovin’ It!

Future Site of the Titan on Post Oak Blvd., with the Cosmopolitan Tower in the Background

Future residents of the Titan, the latest cartoon-themed condo to be announced by Randall Davis, will be pleased to learn that the two-story McDonald’s currently sitting on the tower’s proposed site on Post Oak Blvd. is not going away. It’ll just scoot over slightly—so that the 26-story, 80-unit luxury highrise can share the 50,000-square-foot site.

And just how prominent will those golden arches be at the Titan’s entrance?

Sure, it’s easy to poke fun of the luxury highrise next to the Mickey D’s, but think about it: If McDonald’s hadn’t been willing to risk its reputation by redeveloping next to a Randall Davis project, the Titan would never have had a chance:

The prime real estate, located across Garrettson from Willie G’s Seafood & Steak House, has been sought-after by developers for more than a year.

“We’re approached every day of the week,” says Kathy Burns, McDonald’s regional real estate manager in Houston. “We have brokers calling us all the time.”

Davis — who is replacing the former James Coney Island restaurant a block away with the Cosmopolitan high-rise — was able to strike a deal with McDonald’s because he was not set on a super-sized development.

“I was like everybody else. I wanted to buy the whole site,” Davis says. “But they didn’t want to give up the store.

“I figured out how to divide the site,” he adds. “I managed to fit my building on there, and leave them enough room for their prototype new store.”

Davis has once again demonstrated a remarkable talent for negotiating with fast-food restaurants. Only a few years ago, he was able to convince the owners of the lot across the street that his 20-story hot-dog Cosmopolitan tower (now under construction) would be a worthy successor to the James Coney Island that stood there. Of course, turning over a big bite of the development to the James Coney Island folks didn’t hurt his prospects either.

Expect the cars to be lining up in front of the newly recycled Titan sales trailer already on the McDonald’s lot. Okay, so maybe they’ll just be battling to get to the drive-thru, but there’ll be traffic!

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Friday, September 21, 2007

Supermod Boulevard Place: Replacements First

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.

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Tuesday, August 21, 2007

Tune In to the Turnberry Tower

Turnberry Tower Residences at the Galleria Exterior Rendering

This wide headstone, set to rise behind the Galleria Waterwall like a giant radiator grille poached from a 1948 Packard Custom 8, is Houston’s Turnberry Tower. At 34 stories (marked down from 42 threatened previously), it’ll reach just above the groin of the adjacent landmark Williams Tower.

The 184 condominium units inside, which will range from $1 million to $8.5 million, go on sale in two weeks when the 12,000-sf sales center opens. The building is scheduled to be finished by the start of the next decade.

What’ll $8.5 mil get you? One of two 15,000-sf units at the top, each of which boasts four bedrooms and—no, we’re not shitting you—nine-and-a-half bathrooms. Why will residents need so many?

For the entry-level price of $1 million, you’ll have to make do with less than 1800 square feet. But all residences feature private elevators, 10- and 11-foot ceilings, a fireplace to keep you warm on chilly Galleria nights, and terraces with glass railings. The building will have a spa and fitness center, a theater room, social rooms including a tea room and library, and a swimming pool atop the four-story parking garage.

Uncomfortable with the communal parking? Don’t worry: Twenty-five private air-conditioned garages will also be available.

Image: Robert M. Swedroe Architects and Planners

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Friday, August 10, 2007

River Oaks To Move West, Add Hotels, Apartments, Offices, and Shopping

Street Perspective of Proposed River Oaks District Development by Oliver McMillan

Aerial View of Proposed River Oaks District Mixed Use DevelopmentThe Houston Business Journal gives more details on the River Oaks District, a 15-acre, $600 million mixed-use development proposed for Westheimer just inside the loop, on the site of the Westcreek Apartments, between Highland Village and the Galleria. It’s hard to imagine River Oaks moving further west than that. Once you get to the other side of the loop of course, you might as well call yourself Tanglewood.

Two luxury hotels are on tap. The five-star properties will have a total of 500 guest rooms, and 150 condominiums for sale at the top of one tower.

Another building will hold 300 upscale apartment units. A 10-story office building with 250,000 square feet of space also is part of the mix. And since the Galleria is synonymous with shopping, the developer plans 350,000 square feet of mostly ground-level retail space.

San Diego developer OliverMcMillan says groundbreaking is scheduled for a good year-and-a-half from now. So there’s plenty of time for this project to morph into a more typical Houston-style mixed-use project: maybe a stylish Sam’s Club next to some shiny new apartments?

After the jump, plans and more flashy drawings!

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