Tag: Development Strategies

New Construction
03/17/11 4:58pm

A First Look at the Plans for ExxonMobil’s Humongous New Corporate Campus North of Houston

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Office Space, Proposed Developments, Spring, Springwoods Village
33 Comments

So far, ExxonMobil hasn’t revealed any specific information about the new 389-acre North American headquarters just south of The Woodlands it’s apparently already begun sitework on. According to reports, all contractors working on plans for the enormous campus have been ordered to keep their work on the project secret. The new campus is meant to bring together somewhere between 15,000 and 17,000 employees now working in various locations around the Houston area and in Virginia. But documents submitted to the Army Corps of Engineers provide some detail on the plans for an enormous office park near the Harris County-Montgomery County border. The site is bounded by Spring Creek to the north, I-45 to the east, and the proposed 1,800-acre mixed-use development called Springwoods Village to the west and south. The plans were submitted by Palmetto Transoceanic, a mysterious entity that has been viewed as a proxy for the oil company in this area.

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Comments
03/07/11 2:08pm

Comment of the Day: Follow the Mini Storage

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Development Stategies, Garden Oaks, Oak Forest, Quicklink, Redevelopment, Retail
7 Comments

COMMENT OF THE DAY: FOLLOW THE MINI STORAGE “Mini Storage facilities are almost always limited partnerships designed to last 7-10 years and put on strategically poised land the developers/LLP’s have determined will increase in value. The facilities are generally inexpensive to build and maintain and are easy to demo once the property has gained enough value to where it is sold for development. The area all along 34th street is just not ready for redevelopment yet. It’s currently a dump. Additional years of creeping development from the Northern Heights will be required to eventually turn the 34th St. blight into the redevelopment gem many hope for.” [CK, commenting on What They’re Doing to Food Land on Ella]

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Crime
03/07/11 12:17pm

The Corruption Trials Behind the Astrodome’s Lost Decade

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Development Strategies, Redevelopment, Reliant Park
6 Comments

Any explanation for why a county agency spent 10 years allowing the Astrodome fall into disrepair while haplessly throwing millions of dollars after a sequence of doomed and bizarre plans to redevelop it would have to focus on the thoughtful stewardship of Michael Surface, who presided over the Harris County Sports and Convention Corporation from 1999 until his resignation at the end of 2007. Surface’s trial on corruption charges isn’t scheduled to take place until this fall. But jury selection for the trial of his partner in the 5-count federal indictment, Precinct 4 commissioner Jerry Eversole, begins today.

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Comments
02/09/11 6:40pm

Comment of the Day: None of Your Business

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Development Strategies, Houston Heights, Neighborhood Disputes, New Construction, Quicklink
15 Comments

COMMENT OF THE DAY: NONE OF YOUR BUSINESS “. . . What makes you think that a developer is going to want to give you warning or a chance to protest?!? They bought the land, they’re developing it. What stake in this do you or anyone who feels blind sided have? They didn’t give you a chance to speak, complain, picket, whatever because they have a product that REGARDLESS of what they tell you,… you will not like it.” [lunch pail, commenting on Studewood Place: Some New Building Behind the 11th St. Someburger]

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Commercial Real Estate
01/28/11 10:16am

How Springwoods Village Will Earn Its Lunch Money, and other Secrets of the Great ExxonMobil Frontiers

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Development Stategies, Land Development, Master-Planned Communities, Office Space, Proposed Developments, Real Estate Investing, Springwoods Village
7 Comments

The HBJ’s Jennifer Dawson picks up an interesting detail about Springwoods Village, the mysterious eco-themed community being planned by a mysterious company for 1,800 mostly forested acres just south of the Woodlands, at the intersection of I-45, the Hardy Toll Road, and (someday) the Grand Parkway. Coventry Development, still won’t talk about the project’s connection to the rumored but not-yet-announced corporate campus ExxonMobil appears to be building next door, which is expected to consolidate most employees currently based in Houston and Fairfax, Virginia. But it sure looks like Coventry is banking on something big close by: Development director Keith Simon tells Dawson that

Coventry will develop commercial parcels in Springwoods before the residential acreage. The company’s strategy is to build commercial first to create tax value that will funnel money through the tax district to fund infrastructure.

Building standalone office parks and strip centers in the middle of a forest is, of course, a time-honored Houston development tradition. More often these days though, the sprawling houses go in first. But if the major centralized campus of the second-largest publicly traded company in the world is going to bring in thousands of workers nearby pretty soon anyway, yeah — what’s the point?

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Buying and Selling
01/11/11 12:54pm

Down and Out in River Oaks: Harold Farb’s Last Project

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Demolitions, River Oaks
5 Comments

A few months after Harold Farb passed away in 2006, the unfinished home at 3482 Inwood Dr. the legendary singer and Houston developer had been building with his wife, Diane Lokey Farb, went on the market for $14.75 million. The listing didn’t include any photos, but described a 17,404-sq.-ft. “Neoclassical gated estate” on an almost-2-acre lot, with 8 fireplaces, 9 bathrooms, an elevator, a 4-car garage, and a master suite overlooking the 15th tee of the golf course at the River Oaks Country Club. The home was “to be completed by new owner.” Only portions of the exterior were finished. By July of last year the price had been chopped to $9.995 million, after a few years of steady price reductions and listing-number changes. (It appears Farb bought the property from its previous owner, Roy Cullen, for about half that amount.) Not too long after the listing expired, the home showed up on Swamplot’s Daily Demolition Report. But the demo action didn’t begin until recently. A Swamplot reader sends us this view of some heavy equipment still on the scene, behind a fence that just went up last weekend.

Photo: Swamplot inbox

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Comments
11/04/10 1:21pm

Comment of the Day: Did You Vote?

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Development Strategies, Lancaster Place, Montrose, Quicklink
No Comments

COMMENT OF THE DAY: DID YOU VOTE? “Wow, when Swamplot revealed the choices, nobody voted for this one. Someone actually said it was ‘the worst.’ So much for Swamplot readers speaking on behalf of the neighborhood.” [Jessie M, commenting on And the Winner of the Montrose H-E-B Roof-Design-by-Vote Is . . .]

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Buying and Selling
11/03/10 2:35pm

Comment of the Day: Who’s Sitting on All Those Vacant Buildings in Midtown?

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Comments, Development Strategies, Midtown, Quicklink
6 Comments

COMMENT OF THE DAY: WHO’S SITTING ON ALL THOSE VACANT BUILDINGS IN MIDTOWN? “I don’t get why there are so many empty buildings in the area. With such high land values (and tax rates), why don’t they sell them? It seems there are a lot of people that can afford the massive expense of sitting on a property (taxes, insurance, minimal upkeep to keep the city fines away, taxes, etc.) I’m sure a lot of instances it’s someone asking too much for a property. But if it’s still sitting after YEARS on the market (and YEARS of expense), something should tell you that you have it priced too high. I don’t know… I guess I’d just start freaking out if only a few months passed and an empty property of mine was just sitting there. I have had multifamily properties on the market but they’re full and [bringing] in income while on the market so I’ve never been in a rush. But a vacant building? *shudder*” [Cody, commenting on How You Can Help Large-Scale Graffiti in Midtown Get Off the Ground]

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Comments
10/25/10 6:00pm

Comment of the Day: Battle Hymn of the Inner Loop

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Development Strategies, Historic Preservation, Quicklink
34 Comments

COMMENT OF THE DAY: BATTLE HYMN OF THE INNER LOOP “Obsolete is obsolete. Out with the old. In with the new. That’s the Houston way. Forget living in the past. I want progress. I want Houston’s core to continue to grow and thrive. Bring in the bulldozers. What if West U was still filled with crappy little termite infested cracker boxes? Would Houston be a better place? I say No. Progress is good. Rich people want to live in big houses. If Houston refuses to accommodate them, the suburbs will gladly accept them. Let’s send the rich packing. Then we’ll let the high paying jobs and commercial development follow them outside the city limits. Houston will rot from the inside out.” [Bernard, commenting on Comment of the Day: How We’re Building the Heights]

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Condos
10/25/10 1:31pm

Mirabeau B. Condos in Montrose Don’t Owe Anything to Anybody

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Financing, Hyde Park, Montrose, New Construction
2 Comments

Just what is it that’s allowed construction on the Mirabeau B. condos on the corner of Hyde Park and Waugh to go forward when so many other projects have stalled? How about a little thing called . . . zero debt. After flirting with turning the building rental last year, developer Joey Romano now says he’s back to the original plan of selling all 14 units in the 4-story building — though he’ll also consider leases with purchase options “on a case by case basis.” Construction began in May; Romano expects the building to be complete by next July.

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Comments
10/22/10 6:17pm

Comment of the Day: How We’re Building the Heights

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Development Strategies, Home Design, Homebuilding, Houston Heights, Quicklink
42 Comments

COMMENT OF THE DAY: HOW WE’RE BUILDING THE HEIGHTS “. . . I’ve been in the Heights for 17 years and I can count the ‘stucco mcmansions’ on one hand. 90% of new construction in the Heights is 3,000 to 4,000 sq. ft and at least gives a nod to some turn of the century style. A 4,000 sq.ft house is ALWAYS 2 stories and would . . . have an average footprint of about 2,400 sq.ft including porches. With a 500 sq. ft. garage that is a total of 3,000 sq.ft of coverage on a 6,600 sq. ft. lot, which, according to my calculations, is 45% of the lot. Where do I get my numbers? I’ve built about 50 of them and designed close to 200. All of my houses sell at the top of the market so I know EXACTLY what my competetors are building. The days of dividing a lot and building multiple units is over, at least for now. Prevailing Lot size and Building Line rules cover about 60% of the Heights and the market just doesn’t want them, so nobody is even thinking of doing it. The exception on 15th and Rutland has been in the planning since 2003 and is going to fail badly. . . .” [SCD, commenting on The Houston Historic District Repeal Scramble Begins]

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Development Strategies
10/14/10 11:23am

Top City Development Officer: What Makes the Heights So Special?

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Houston Heights, Proposed Developments, Quicklink
87 Comments

TOP CITY DEVELOPMENT OFFICER: WHAT MAKES THE HEIGHTS SO SPECIAL? Where does Andy Icken get this kind of attitude, anyway? From . . . uh, reading some of the reader comments on Swamplot? The Chronicle‘s Mike Morris rummages through that stash of city emails about the West End Walmart and discovers “dismissive, and sometimes derisive, references to citizens opposed to the development” from Mayor Parker’s top development honcho: “For example, in response to a subordinate’s e-mail regarding potential fallout from a July 2 Chronicle report about Wal-Mart’s interest in the site, the city’s chief development officer, Andy Icken, wrote, ‘In that neighborhood I assume there are some who feel they have access to unique info that makes those folks uniquely qualified to decide what is good for everyone else. … Walmart deals with folks like this everywhere.’ Three weeks later, as neighborhood opposition intensified, Icken responded to a colleague’s comment about Wal-Mart’s growth in the Houston market by writing, ‘We have had 4 new ones built in the last 2 years without a community comment until they touched the effete in the heights!’” [Houston Chronicle; previously on Swamplot]

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Development Strategies
10/12/10 12:04pm

League City’s Neighborhood Drilling Boom

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League City, Magnolia Creek
23 Comments

Residents of the Magnolia Creek subdivision in League City are protesting plans by developer Lynn Watkins to drill for oil and natural gas on a 3-acre site next to a daycare center near the corner of League City Parkway and Bay Area Blvd. To gain the drilling permits, Watkins would need to rezone the land to light industrial. Abc13’s Kevin Quinn reports:

Those who purchased homes say they were told the land is zoned as commercial. They expected a strip mall of some sort to be built here — not a drilling rig that stands 131 feet tall. Dozens of homeowners have signed a petition asking the city not to grant the special use permit the developer seeks. . . .

[Watkins] insists there would be minimal impact to the surrounding neighborhood and schools.

Additional traffic, he insists, would be less than that coming and going from a home being built in the neighborhood. He says also of the 400,000 operational wells across the state, there have been only 900 blowouts in the past 30 years. Those, he says, resulted in 131 injuries and nine deaths.

“In that same period, there’s been 90,000 traffic deaths on Texas highways in that same period,” Watkins said.

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Development Strategies
10/08/10 7:02pm

Who’s Behind Springwoods Village, Anyway?

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Land Sales, Master-Planned Communities, Office Space, Proposed Developments, Springwoods Village
3 Comments

The development director of the New York-and-Denver-based firm that just announced it would be creating a new eco-themed 1,800-acre community immediately south of The Woodlands — and directly adjacent to a 400-acre parcel Exxon Mobil has been eyeing for a giant new consolidated corporate campus — is sure being kinda vague about the identity of the property’s owner, Springwoods Realty. Keith Simon tells the HBJ‘s Jennifer Dawson that Coventry Development and Springwoods Realty share some officers (including him), but that the two companies are “not affiliated.”:

Coventry handles all of the real estate holdings for a privately held umbrella organization that Simon would not name. Springwoods Realty is under that umbrella.

Other entities under the umbrella own approximately 1,000 acres of undeveloped land by Baybrook Mall. Coventry has developed approximately 1 million square feet of retail property around the mall over the past 25 years.

“It’s really a confusing puzzle,” Simon admits.

Adding to the mystery surrounding this corporate . . . uh, “shell” game: Simon’s statement earlier in the week that Springwoods Realty had sold off approximately 400 acres of its holdings — not to Exxon Mobil, but to an entity named Palmetto Transoceanic.

Site map: Coventry Development

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Development Strategies
10/08/10 12:37pm

Unbagged Cats and Other Secrets of the West End Walmart Emails

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Proposed Developments, West End
57 Comments

Among the revelations in the packet of emails reporter Miya Shay recently received in response to a 3-month-old public-records request: City officials learned from Ainbinder Company as early as June 11th that the big-box store indicated on plans for the company’s Washington Heights shopping center in the West End would be a Walmart. Swamplot readers first heard reports of the company’s plans on July 1st. But as late as July 13th, the city development director’s deputy apparently felt it necessary to ward his boss off plans to keep the details or intentions behind the city’s infrastructure-improvement agreement with Ainbinder a secret: Tim Douglass writes development director Andy Icken, “Frankly, it’s a little too late to try and ‘sneak’ this through council. The cat is out of the bag.”

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