tigereye Posted January 13, 2015 Share Posted January 13, 2015 By Super Bowl time, we may have a line of high-rises on Main from Buffalo Bayou, through Downtown and Midtown all the way to 59. (espeically if Camden moves on the Superblock complex). Should look and feel quite impressive. 1 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted January 14, 2015 Share Posted January 14, 2015 Wow, the Days Inn across the street days should be numbered if this does go up. This takes TOD to the max being right on the red line, across the street from the downtown transit center, a block away from megabus, two blocks away from greyhound, the 102 to Bush stops right outside....Not bad. 2 Quote Link to comment Share on other sites More sharing options...
DrLan34 Posted January 14, 2015 Author Share Posted January 14, 2015 (edited) http://www.houstonchronicle.com/business/real-estate/article/New-apartments-add-to-downtown-boom-6013209.php?t=bd840817c3&cmpid=twitter-premium New apartments add to downtown boomProject proposing 290 rental units receives approval, which leaves incentive program near its cap Edited February 24, 2016 by DrLan34 4 Quote Link to comment Share on other sites More sharing options...
Avossos Posted January 14, 2015 Share Posted January 14, 2015 I wonder how many units that were approved for the incentive actually won't get built.Of the 5,000 approved, only 4,000 get built? Which units are most likely to not go up? Just curious to y'all's opinions 1 Quote Link to comment Share on other sites More sharing options...
Triton Posted January 14, 2015 Share Posted January 14, 2015 http://www.houstonchronicle.com/business/real-estate/article/New-apartments-add-to-downtown-boom-6013209.php?t=bd840817c3&cmpid=twitter-premium New apartments add to downtown boom Project proposing 290 rental units receives approval, which leaves incentive program near its cap Incentive program near its cap... I am not joking, Camden seriously needs to be taken out of the program. This would free up units for a developer who plans to build before the Superbowl which I thought was the initiative of the program... isn't that right? I mean, overall its to get more units downtown but I thought city council also wanted it in specific time period. Guess I should just go to the Camden thread to rant... Maybe we can get KPRC to cover this story. 3 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted January 14, 2015 Share Posted January 14, 2015 (edited) Incentive program near its cap... I am not joking, Camden seriously needs to be taken out of the program. This would free up units for a developer who plans to build before the Superbowl which I thought was the initiative of the program... isn't that right? I mean, overall its to get more units downtown but I thought city council also wanted it in specific time period. Guess I should just go to the Camden thread to rant... Maybe we can get KPRC to cover this story. From the linked article (I know it's not often one finds useful information in a Chronicle article, but once in a while...): "In order to receive the reimbursement, the developers have one year from the date they sign the incentive agreement to get the project into the city permitting department, after which time they have three years to get a certificate of occupancy." Edited January 14, 2015 by Houston19514 5 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted January 14, 2015 Share Posted January 14, 2015 There is also a project or two going forward without the incentives... right? 1 Quote Link to comment Share on other sites More sharing options...
downtownian Posted January 14, 2015 Share Posted January 14, 2015 There is also a project or two going forward without the incentives... right? 500 Crawford (Apartments at the Ballpark) by Finger are sans-incentives (380 units) and I believe the Hamilton Apartments (148 units) at the southeast corner of downtown are as well. 1 Quote Link to comment Share on other sites More sharing options...
fernz Posted January 14, 2015 Share Posted January 14, 2015 Really?I wonder why Finger would not go for the incentives. Are there strings attached? 1 Quote Link to comment Share on other sites More sharing options...
Avossos Posted January 14, 2015 Share Posted January 14, 2015 Really?I wonder why Finger would not go for the incentives. Are there strings attached?Doesn't there have to be ground floor retail? 1 Quote Link to comment Share on other sites More sharing options...
downtownian Posted January 14, 2015 Share Posted January 14, 2015 Really?I wonder why Finger would not go for the incentives. Are there strings attached? The project was announced prior to the creation of the program and is therefore ineligible for the incentives. "Although Finger was a pioneer in the recent push to build residential in the east Central Business District, he will not get a piece of the Downtown Management District’s incentive-program pie — at least, not on this project. One month after he released his plans, the Downtown Management District announced its Downtown Living Initiative, which the city passed Aug. 22, offering $15,000 per unit in tax rebates to qualifying developers who create homes or multifamily projects in the eastern portion of the CBD. It is intended to double the number of residences downtown and spur development throughout the area by 2016.“It was a big secret, I didn’t know about the plan,” he said.Finger completed the 346-unit, 37-story One Park Place development overlooking Discovery Green in 2009. His new ballpark project will be seven stories, with Atlanta-basedNiles Bolton Associates designing the complex.Finger did not win retroactive incentives from the city, however, Houston City Council did pass an economic development agreement Aug. 15 that gave the Finger Cos. the rights to a stretch of Prairie Street that runs through the land he owns.“I started knocking on the city’s door to request they abandon the street, and that’s a big deal for the city to close a street, especially one that flows right into the entrance to the baseball stadium,” he said. “But, it’s a street, it’s not $15,000 per unit.”To be clear, Finger says he is not at odds with the city or the district and he may still try to take part in the incentive program if the opportunity arises before its cutoff date in 2016."http://www.bizjournals.com/houston/print-edition/2012/12/21/finger-dishes-on-new-project-future.html?page=all 9 Quote Link to comment Share on other sites More sharing options...
fernz Posted January 14, 2015 Share Posted January 14, 2015 Thanks Downtownian! 1 Quote Link to comment Share on other sites More sharing options...
Sparrow Posted January 14, 2015 Share Posted January 14, 2015 (edited) http://www.houstonchronicle.com/business/real-estate/article/New-apartments-add-to-downtown-boom-6013209.php?t=bd840817c3&cmpid=twitter-premium New apartments add to downtown boomProject proposing 290 rental units receives approval, which leaves incentive program near its cap Only 45 units left in the program as of January 12th, 2015 according to this memo: http://www.downtownhouston.org/site_media/uploads/attachments/2015-01-12/150112_HDMD_DLI_Cap_Memo.pdf Edit: According to similar memo dated 12/24/14 only 207 units remained. Between Christmas and Monday 162 units were approved. I wonder what project those units belong to? http://www.downtownhouston.org/site_media/uploads/attachments/2014-12-29/141224_HDMD_Applicant_Memo_on_DLI_Closeout.pdf Edited January 14, 2015 by Sparrow Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted January 14, 2015 Share Posted January 14, 2015 Doesn't there have to be ground floor retail? Yes, and Finger's development has ground floor retail. But as Downtownian posted, Finger's project preceded the incentives program. 2 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted February 26, 2015 Share Posted February 26, 2015 1Q 2016 https://www.dropbox.com/s/5ob5t192cdu08gp/150225_Development_Map__Renders_11X17.pdf?dl=0 4 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted May 20, 2015 Share Posted May 20, 2015 I am hoping this doesn't get pushed back. I don't really hear much about it. Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted May 20, 2015 Share Posted May 20, 2015 I am hoping this doesn't get pushed back. I don't really hear much about it. Well, we're still more than 6 months away from groundbreaking... 1 Quote Link to comment Share on other sites More sharing options...
cspwal Posted June 17, 2015 Share Posted June 17, 2015 I was looking at the current development map and it looks like this one is missing from the interactive map but is on the printable map. Has it been tabled? Quote Link to comment Share on other sites More sharing options...
Popular Post DrLan34 Posted November 4, 2015 Author Popular Post Share Posted November 4, 2015 (edited) Edited November 4, 2015 by DrLan34 12 Quote Link to comment Share on other sites More sharing options...
JoninATX Posted November 4, 2015 Share Posted November 4, 2015 Soil testing has started, with groundbreaking not to far off. 1 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted November 6, 2015 Share Posted November 6, 2015 Is it a 2nd round of testing? I thought they did testing months ago. Quote Link to comment Share on other sites More sharing options...
cspwal Posted November 6, 2015 Share Posted November 6, 2015 I checked out the lot last night. Doesn't look like there's any holes for soil testing (at least that I saw) but I did notice that there is a distinct hump in the middle of the lot - it was never really paved very well Quote Link to comment Share on other sites More sharing options...
Avossos Posted November 6, 2015 Share Posted November 6, 2015 I checked out the lot last night. Doesn't look like there's any holes for soil testing (at least that I saw) but I did notice that there is a distinct hump in the middle of the lot - it was never really paved very wellAre you suggesting they did not soil test? The machine was there so I assume they did... Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted November 6, 2015 Share Posted November 6, 2015 Exactly 1 year ago, a drilling company was on site taking samples. They did various holes across the site. Quote Link to comment Share on other sites More sharing options...
cspwal Posted November 6, 2015 Share Posted November 6, 2015 The holes must be inconspicuous or filled. The parking lot was full of pot holes and patched pot holes so that's where they soil tested most likely. I just thought it was a parking lot in bad shape 1 Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted November 7, 2015 Share Posted November 7, 2015 Wasn't groundbreaking scheduled for November? Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted November 7, 2015 Share Posted November 7, 2015 1Q of next yr 1 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted January 13, 2016 Share Posted January 13, 2016 Still at 1Q 16. Would be thrilled. 4 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted March 21, 2016 Share Posted March 21, 2016 http://www.downtowntirz.com/downtownhouston/wp-content/uploads/2016/03/160216_Authority-Meeting-Minutes.pdf Mr. Leach (authority) introduced the request to authorize the execution of a first amendment to Fairfield Residential's economic development grant agreement. The developer's management team submitted a request to change the name of their owner entity from FF REALTY II, LLC, to BOP 1810 MAIN LLC. Following discussion, upon a motion made by director Mandel and seconded by director Sanbino, the board voted unanimously to approve the execution of a first amendment to the economic development grant agreement by and between the Authority, Zone, City and FF REALTY II, LLC, now BOP 1810 MAIN LLC, by the appropriate officers of the authority. Quote Link to comment Share on other sites More sharing options...
cspwal Posted March 22, 2016 Share Posted March 22, 2016 New name confirmed 1 Quote Link to comment Share on other sites More sharing options...
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