Methodist Outpatient Tower
Rice Collaborative Research Center
This includes all development not in Downtown or Uptown, but still in the inner loop Houston.
Developer Unveils 24-Acre Mixed-Use Plan
By Amy Wolff Sorter
HOUSTON-A Boston developer will break ground in the fourth quarter on Regent Square, a pedestrian-oriented, mixed-use project. Area sources estimate the all-in development cost for the 24-acre project could come in just under $200 per sf.
Regent Square, which will be constructed in two phases, will consist of 390,000 sf of retail and office space, 200-room boutique hotel and up to 1,800 residential units. The first phase will consist of 230,000 sf of retail and restaurants, 60,000 sf of office, the hotel and 740 residential units. The planned opening is 2010. The second phase's start will be based on market demand.
The project site contains the Allen House apartment complex at 3601 W. Allen Pkwy., which is bordered by West Clay, Tirrell and Rosine streets. "We originally bought this during the mid-1980s' oil bust as a wonderful piece of property with an income-earning asset on it," says John Darrah, vice president for GID Urban Development Group. "The notion of doing this type of mixed-use development on the property occurred to us a couple of years ago."
Darrah tells GlobeSt.com that escalating urban sprawl and growing commute times contributed to the decision to make Regent Square a residential and retail center. "We felt that, in the inner loop area, there's enough of a land constraint to make this dense of a development, one that will hold up and hold its value over the next 40 or 50 years," he adds.
Doug Childers, associate principal with Morris Architects in Houston, acknowledges building an urban mixed-use community such as Regent Square can cost more money up front than a standard mixed-use project. For one thing, the majority of parking needs to be underground to maximize pedestrian space and aesthetics.
But Childers, whose company is one of the architects for the project, says Regent Square will have an active retail component, which will help recoup costs. "I'd expect this would increase the market share overall of the River Oaks region. And, more people will come from out of the area," he says.
The list of architects include David M. Schwarz/Architectural Services Inc. of Washington, DC; Robert A.M. Stern Architects of New York City; Aponwao Design of Miami; B&D Studio of Parma, Italy; Hartman-Cox Architects and Bowie Gridley Architects, both from Washington, DC. Free construction services are being provided by J.E. Dunn Construction Co.'s Houston team. NA Berkowitz Development Group Inc. of Birmingham, MI is handling retail leasing and GID will handle residential leasing.
Last edited by GuerillaBlack; 18 January 2008 at 03:45 PM.
Methodist Outpatient Tower
Rice Collaborative Research Center
These were taken about a month ago:
Mosaic II has begun more recently just next door...
I don't think anyone down here actually knows why it's called Mosaic. I sure haven't figured it out.
A bit of a stretch, but the reflection in the glass panes look kind of like a mosaic... maybe?Originally Posted by freewaytincan
Where is this tower?
Off of 288. The intersection of MacGregor and Almeda near the TMC.
Ok, thanks......that means nothing to me. What is TMC? Texas Medical Center?Originally Posted by GuerillaBlack
^^ Oh sweet... that must be where the new LA Fitness is!! That's already built and operating now, but I don't know if it's a mall.
Another great project near Discovery Greeen...
Downtown Embassy Suites hotel starts construction
American Liberty Hospitality has begun construction on the first privately-developed, full-service hotel to be built in downtown Houston in 27 years.
The Embassy Suites hotel, with 262 two-room suites, will be located at 1515 Dallas, near the George R. Brown Convention Center and Discovery Green Park.
Construction is expected to be completed in spring 2011 on Embassy Suites, which is part of the Hilton family of brands. The hotel will have about 6,000 square feet of meeting space, a rooftop swimming pool, spa and fitness center, restaurant and a street-level café and wine bar.
Nick Massad, president of American Liberty Hospitality, says the project will help attract more convention business to town which, in turn, will be a boost for all downtown hotels.
Mayor Bill White and officials from the Greater Houston Convention and Visitors Bureau are scheduled to attend a ceremonial ground-breaking event May 26 at the site.
Originally Posted by totheskies
Great news for Houston!
More: http://www.bizjournals.com/houston/p...aled-down.htmlThe Menninger Clinic is finally moving forward with a new campus near the Texas Medical Center, about two years behind schedule and on a smaller scale than originally planned.
Menninger, which relocated from Kansas to Houston in 2003, officially broke ground on the new complex near the Medical Center in November. But it waited until March 10 to hold a formal groundbreaking ceremony because the clinic’s directors are in town for the board’s annual meeting.
When Menninger announced the project in 2007, it planned to spend more than $100 million to build a 144-bed, 209,500-square-foot complex. But the global recession hampered the institution’s fundraising efforts. The clinic scaled back its plans to a $65 million, 120-bed, 161,000-square-foot complex that will be called The Menninger Mental Health Epicenter.
“Our hope originally was that we would be able to use philanthropy to fund the entire project,” said Menninger CEO Ian Aitken.
“But it became difficult to raise money given the economic downturn.”
The health care provider’s lease on its 118,000-square-foot, 14-acre campus at 2801 Gessner expired in 2010. But since it was unable to proceed with the new facility, the institution’s leaders took out a $15 million loan.
“We decided that, in order to take advantage of the good prices in the construction market, it would be prudent to borrow the money to give us enough resources to complete the project,” Aitken said.
And the new Maternal Care unit (Texas Children's complex) is nearing completion. It's the building on the right. The new skywalk (which is also nearing completion) is pretty big when you drive or ride the rail under it. Photo taken late June:
Last edited by Trae; 18 July 2011 at 12:47 PM.
There are currently 1 users browsing this thread. (0 members and 1 guests)