Tag: Condos

Commercial Real Estate, Condos, Highrises, Medical Buildings, Mixed Use, Parks, Proposed Developments, Retail, Shopping Centers, Strip Centers

CEO David Wu told the Houston Business Journal last year, “It’s the sort of thing you’d see in Taiwan or Hong Kong, but we’re putting it here in the U.S.”

That’s a good description of Park 8: The Land of Oz. Here’s another one, from the project website:

The Park8 is carefully designed over and over again, improving to its perfect design today. More important, it nicely put urban life and nature together with equal force. With itâ€™s high quality exterior finish, and itâ€™s splendidly designed floor plans, the Land of Oz emphasis on unrestrained openness and convenience. Every penny is well worth for its consideration on security and safety issues, recreational areas, leisure activity clubhouses and beautiful landscaping design.

Wow.

How about a third try: three 26-story condo towers and a couple of parking garages on 17 acres next to Beltway 8, south of Bellaire Blvd., bounded by Arthur Storey Park on one side and parking lots for two two-story retail strips on the other. Also part of the project, but not shown on the plans: a new Chinatown General Hospital.

The first phase is under construction. And condos are for sale! All come with good Feng Shui and karaoke, courtesy of the 3CmyBox included in every unit. If you like the project video above, you’re going to love the development’s website, which includes a “Somewhere Over the Rainbow” soundtrack and prominently features six videos for the feature-packed 3CmyBox in the Photo Gallery section.

The project’s tagline:

A union of Western an Chinese Culture. A combination of fantasy and reality.

After the jump, off to see the Wizard!

77072, Chinatown, Commercial Real Estate, Condos, Highrises, Hospitals, Medical Buildings, Mixed Use, Parks, Proposed Developments, Retail, Shopping Centers, Strip Centers

Commercial Real Estate

10/17/07 9:41am

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

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

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!

Developer drives through with condo deal on McDonald’s land [Houston Business Journal]
Cosmopolitan condos to replace coney islands [Houston Business Journal]
The Cosmopolitan Houston [Randall Davis Company]

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

Apartments

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

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.

77056, Apartments, BLVD Place, Commercial Real Estate, Condos, Demolitions, Development Strategy, Galleria, Highrises, Hotels, Leasing, Mixed Use, New Construction, New Construction: Residential, Office Space, Proposed Developments, Retail, Shopping Centers, Whole Foods

Apartments

09/20/07 8:16am

Can’t Stop This: Southampton Pop-Up Tower

Boulevard Oaks, Condos, Development Strategy, Green Design and Development, Highrises, Mixed Use, Neighborhood Disputes, New Construction, New Construction: Residential, Proposed Developments, Retail, Southampton, Trees

Cartoon of Highrise Planned for 1717 Bissonnet One advantage of keeping your Houston-style Big Tower in a Wealthy Residential Neighborhood project secret: You can plat the property, prepare traffic-impact studies, and upgrade utilities before anyone notices. One downside: Media-savvy neighbors might catch on and announce your project before you do. Or at least release renderings.

Here’s what Buckhead Investment Partners is saying about the 23-story mixed-use tower the company is planning for the current site of the Maryland Manor apartments, on the south side of Bissonnet near Dunlavy: A six-story base will include a 467-car parking garage, space for retail and a restaurant on the ground floor, and five live-work townhomes. An “amenity plaza” level on the sixth floor will have an exercise room, spa, and office space. Above it all: 17 floors of either apartments or condos.

Rainwater collection. LEED-Silver rating. Red-brick exterior with cast-stone details. But best of all is the spin:

The project design has been chosen so that all building residential units will be above the tree line, ensuring the greatest level of privacy for the surrounding neighborhood and the maximum view of Houstonâ€™s skylines and tree canopy from the units.

Emerging Boulevard Oaks development strategy: You won’t be able to see us, because we’ll be above the trees.

We want development…but not that much! [Houston Political Blog]
High rise plan not picture perfect with Museum District residents [abc13]
Redevelopment of 1717 Bissonnet [Buckhead Investment Partners, Inc.]

77005, Apartments, Ashby Highrise, Boulevard-Oaks, Condos, Green Development, Highrises, Mixed Use, Neighborhood Disputes, New Construction, New Construction: Residential, Proposed Developments, Retail, Southampton, Trees, Utilities

Commercial Real Estate

08/27/07 8:34am

Houston Pavilions: Woulda Coulda Shoulda

Condos, Development Strategy, Downtown, Mixed Use, New Construction, Nightlife, Office Buildings, Parking, Proposed Developments, Retail, Shopping Centers

Houston Pavilions Aerial View, Downtown Houston

If you’re curious why the developers of Houston Pavilions, the $70 million mixed-use development under construction downtown, decided not to mix anything other than office space with their 360,000 square feet of retail and “entertainment” space, you’ll be interested to read the comments L.A. developer Bill Denton made to the CoStar Group:

[Entertainment Development Group] put the site under contract in January 2004, then three surface parking lots and a multi-level parking garage sitting on just over 4 acres, and the project has evolved ever since. “We originally planned for a hotel/condo component, but at the time, the city was just finishing off convention center hotels and hotel occupancy was only 52%; now its difficult to find a hotel room in Downtown Houston. So, we changed the plan into two residential towers, which stuck until 12 months ago. Demand on the residential was tremendous, but because of the mixed-use and density, we would have had to do subterranean parking, which blew the economics of the residences out of the water. So now its 200,000 square feet of office space, and based on demand for that so far, I wish we could do 400,000 square feet.”

77002, Commercial Real Estate, Condos, Development Strategy, Downtown, Houston Pavilions, Mixed Use, New Construction, Nightlife, Office Space, Parking, Proposed Developments, Retail

08/21/07 8:00am

Tune In to the Turnberry Tower

Galleria, Highrises, Proposed Developments

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.

Turnberry Tower Residences at the Galleria
Turnberry Tower beginning sales push [Houston Business Journal]
Proposed tower near Galleria high on luxury [Houston Chronicle]

Image: Robert M. Swedroe Architects and Planners

77056, Condos, Galleria, Highrises, Luxury Highrises, Turnberry Tower, Williams Tower

08/17/07 10:40am

Mosaic: Second Tower Rising

Development Strategy, Financing, Hermann Park, Highrises, Mixed Use, New Construction, New Construction: Residential

Mosaic Tower Under Construction, July 2007

The glass tower is half full: 218 of the 394 units in the first Mosaic tower have been sold, reports the Houston Business Journal. Are those just the north-facing units? Because directly to the south, the second tower is ready for liftoff:

Phillips Development & Realty LLC of Tampa, Fla., which is developing both condominium towers near Hermann Park at a cost of $203 million, secured a $141 million loan from Chicago-based Corus Bankshares Inc. last week to refinance the first building and finance the second one. . . .

Phillips says the company financed the first Mosaic tower as a rental property because that was the only way to secure funding.

Why is it called Mosaic? There are a lot of tiny units in there, 18 to a floor, averaging 980 square feet. They start at $165,000.

Mosaic orders double-dip as second condo tower moves forward [Houston Business Journal]
Mosaic on Hermann Park

77004, Condos, Financing, Hermann Park, Mosaic and Montage, New Construction, New Construction: Residential

Commercial Real Estate

08/16/07 10:43pm

Council Bowls Over, So No More Street

Condos, Leasing, Lofts, Mixed Use, New Construction, New Construction: Residential, Proposed Developments, Rice Village

Rendering of Sonoma in the Rice Village, Showing Bolsover Street

Ignoring the objections of snooty inner-loopers who think they’re somehow entitled to a continuous grid of streets, City Council voted yesterday to let a block of Bolsover in the Rice Village become two private circular driveways and a restaurant patio. The deal nets the city a whopping $1.5 million—the price of a couple of small luxury condos, maybe.

That’s the last hurdle for Sonoma, which appears to have gained two stories since its last appearance here. Developer Randall Davis claims buyers have “reserved” all but four of the 225 condos. There’s also 125,000 sq. ft. of retail and office space in the complex.

After the jump, a revised aerial view of the new Bolsover dropoff.

77005, Commercial Real Estate, Condos, Leasing, Mixed Use, New Construction, Randall Davis, Retail, Rice-Village, Sonoma, Streets

Apartments

08/10/07 7:29pm

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

Commercial Real Estate, Condos, Highland Village, Highrises, Malls, Mixed Use, New Construction, New Construction: Residential, Office Buildings, Proposed Developments, Retail, River Oaks, Shopping Centers

Street Perspective of Proposed River Oaks District Development by Oliver McMillan

Aerial View of Proposed River Oaks District Mixed Use Development The 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!

77027, Apartments, Commercial Real Estate, Condos, Galleria, Highland Village, Highrises, Hotels, Mixed Use, New Construction, New Construction: Residential, Office Buildings, Proposed Developments, Retail, River Oaks, River Oaks District, Shopping Centers, Westheimer

06/21/07 10:36am

How the Magnolia Lofts Got Their Name

Development Strategy, Historic Districts, Houston Architects, Houston Heights, Lofts, Mixed Use, New Construction, New Construction: Residential, Townhomes

Sketch of Magnolia Lofts in Houston Heights by Tim Cisneros

Commenting on an article describing plans for a 40-unit condo building on the site of the former Ashland Tea House in the Heights, with another 40 townhouses and “garden villas” to be sprinkled around it later, Chronicle blogger Martin Hajovsky writes:

I remember when the Ashland Tea House, the McDonald Home, was demolished in 2005, the plan at the time was for a Victorian-themed restaurant to go there. The mere idea that someone would tear down a Victorian-themed restaurant to build a Victorian-themed restaurant struck me as the height of irony.

That memory came back reading the article because there’s a beautiful old magnolia on that site right now. It’s a perfect example of the species. Wonderful, fragrant, old and stately. If that tree survives the building of the “Magnolia Lofts,” it would be a miracle. Once again, irony triumphs.

Construction is expected to begin in August or September. The Magnolia Lofts will feature a tiny ground-floor commercial space—at 750 sf, even smaller than the average condo size of 900 sf—and two stories of parking, one of which the article describes as

“partially submerged” so the building would only appear to be five stories tall.

Maybe the developers should claim that the bottom level of parking is really at a normal level—although it’s underground, it is in the Heights.

Architect Tim Cisneros’s vague storybook sketch of the facade, though, has aroused the ire of Heights resident Mark White:

“While the description provided by the architect sounds like the building’s proposed style is in keeping with the Victorian-era architecture of the Heights, the initial drawings suggest a more ‘updated’ factory-turned-condo facade,” he said. “We would ask that the developer consider making a few changes to the style to make it more consistent with the architecture of the time period represented by the Heights neighborhood.”

By our estimate, that time period would be approximately 1891 to 2007, with the average construction date moving toward the present at a pretty steady clip.

Heights growing more dense? Thoughts thereof… [Home in the Heights]
Plans expand for Ashland Tea House site [Houston Chronicle]
Magnolia Lofts [Cisneros Design Studio]

77008, Condos, Historic Districts, Houston Heights, Mixed Use, New Construction, New Construction: Residential, Parking

Buying and Selling

05/16/07 10:48am

Selling Your Home: How To Give Buyers a Good First Impressionism

Condos, Galleria, Interiors, Townhomes

2078 Augusta Dr 6/49 Living Room

Home buyers want a masterpiece! So why should your home listing suffer from bad, poorly lit, unimaginative photographs? Why, with a little bit of camera-phone artistry, you can make your home look like a Van Gogh!

Here’s a great example. Yes, this beautiful, Galleria-area impressionist interior can be yours, for a mere $165,000:

2 Bedroom, 2 1/2 bath Townhome with living room, kitchen and half-bath downstairs and bedrooms up. Master bedroom has cathedral ceiling and there is a large round skylight in the staircase. Light and bright throughout. Great location . . .

No, we didn’t alter the photo above (okay, we did enlarge it). But we do recognize artistic genius. Great photos like this hide carpet stains, too!

How can you make your home look like it’s worth a lot of Monet? Learn from the masters! After the jump, more of ERA broker Al Rafat’s unadulterated images of this notable home.

77057, Art, Buying and Selling, Condos, Galleria, Interiors, Listings, Photography, Townhomes

05/15/07 10:21am

Stanford Lofts: Luxury Boxes at Midfield

Downtown, Lofts, Proposed Developments

The Stanford Lofts

Note: See below for an update.

The new stadium for the Houston Dynamo soccer team will likely be built downtown, on some surface parking lots across the highway from Minute Maid park. Negotiations between the city and the team focusing on that site are set to take place very soon. That’s big news for residents of the Stanford Lofts, until now a lonely building set a few blocks away from downtown’s hubbub. Miya Shay explains:

This is good news for sports fans, bad news for people who paid a premium for the Stanford Lofts. When those guys bought the high priced condos, they were told the parking lot in front of the lofts will NEVER be built on. Oh well, such is progress. Now, a portion of the parking lot will be used for the Dynamo stadium. No more unobstructed views of downtown!

Well, just wait until the new stadium plans are unveiled, okay? Maybe there’ll be a nice gap in the stands right at midfield, and the folks looking out their windows from the Stanford Lofts will have great views of all the games, for free. No lines at the restrooms, either.

After the jump, some unobstructed views.