Popular Post Highrise Tower Posted June 21, 2020 Popular Post Share Posted June 21, 2020 21 Quote Link to comment Share on other sites More sharing options...
strickn Posted June 23, 2020 Share Posted June 23, 2020 (edited) On 6/15/2020 at 7:30 PM, Lux said: An amalgam of life science clusters from 288 to the TMC would be a beautiful thing, and it’s going to take massive CRE Life Sciences investments, in addition to TMC3, for Houston to rise by leaps and bounds in the U.S. Life Science cluster rankings (JLL, CBRE, etc.). Thoughts? There's not a lot of space to buy low and sell high when a field is already as superheated as life sciences has gotten. This literal field owned by 2ML, can still sell higher, yes; but the industry itself? TMC is great, but as an industry cluster, if you look at the burn rate required of the top ten areas just to stay in the top ten, Houston has almost no shot to ever break into the top six or eight, let alone five. So is rising from third tier to second tier in a currently important prestige niche actually important enough to justify the opportunity cost? The cost of not putting that toward an area that is more distinctive to our local character and would make us more headway? IMHO no. Life sciences are just something like "cyber" that seems totally investable and inevitable -- that is to say, lucrative without the risk of looking professionally foolish that, say, going to bat for something more creative but less recognizable would carry. In that sense, this highly costly upside opportunity is the functional equivalent of what mixed use development itself suddenly became for the commercial real estate and institutional investment fields of business. Edited June 23, 2020 by strickn 2 4 Quote Link to comment Share on other sites More sharing options...
Popular Post CREguy13 Posted June 23, 2020 Popular Post Share Posted June 23, 2020 I'm a little confused as to the opportunity cost you're referring to. A Hines-developed large life-science campus, immediately adjacent to one of the largest life science accelerators in the country and less than a mile from the largest medical center in the world. I personally can't think of a better fit or use for this site. 6 5 Quote Link to comment Share on other sites More sharing options...
Popular Post Houston19514 Posted June 23, 2020 Popular Post Share Posted June 23, 2020 (edited) Interesting ranking of existing and emerging life sciences clusters. (As of 4th Quarter 2018, we were not yet in the top 10, but we were no. 2 among emerging clusters.) Edited June 23, 2020 by Houston19514 13 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted June 28, 2020 Popular Post Share Posted June 28, 2020 Main building at 3131 Holcombe being demolished. 13 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted July 4, 2020 Popular Post Share Posted July 4, 2020 11 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted July 12, 2020 Popular Post Share Posted July 12, 2020 All structures have been demolished. Breaking up all that concrete should start soon. C&S Wholesale Grocers is still keeping operations on the other side of Holcombe at 3100 Holcombe. I can see them selling once the land value increases. 13 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted July 19, 2020 Popular Post Share Posted July 19, 2020 They're saving a few trees it looks like. 15 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted July 26, 2020 Popular Post Share Posted July 26, 2020 Going fast. Cherry's fleet while the rain is pouring. 18 Quote Link to comment Share on other sites More sharing options...
j_cuevas713 Posted July 26, 2020 Share Posted July 26, 2020 Wow this is wasting no time at all! 5 Quote Link to comment Share on other sites More sharing options...
zaphod Posted July 26, 2020 Share Posted July 26, 2020 The things I've been reading about the coronavirus and its effect on work-from-home, hotels, retail, etc, sound apocalyptic for urban development, at least in the near term. In contrast, medical research labs and clinics inherently by their nature favor a physical presence of people and workers. And the people who work in these places tend to be well paid, and for various reasons they like to live reasonably close to where they work. And of course they go and eat and buy things nearby and visitors stay in hotels, etc. Seems like a development like this would be a slam dunk and a really safe bet during all that's going on right now, and I would think investors would be wanting to pull their money out of other projects with less certain futures and throw it behind stuff like this instead. 8 Quote Link to comment Share on other sites More sharing options...
kdog08 Posted July 27, 2020 Share Posted July 27, 2020 (edited) Houston could be catching some tail winds if/when life science research gets a boost in funding or a shot in the arm due to effects of Covid. I hope our local legislators and public/private advocates rise to the challenge/opportunity. Edited July 27, 2020 by kdog08 6 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted August 2, 2020 Popular Post Share Posted August 2, 2020 Tree Preservation Zone. 14 Quote Link to comment Share on other sites More sharing options...
X.R. Posted August 3, 2020 Share Posted August 3, 2020 Man, if they have set up a tree preservation zone warding off potential construction workers...you wouldn't do that unless this thing is really underway, right? I'm getting Ion-levels of "is this really happening right now?" I'm sure dredging/digging up that area to create that pond is going to take a lot of time, and meticulous planning to not have it flood. They could be racing to have everything prepped by the time hurricane season ends so they don't have to worry tooooo much about torrential rain when they hit the digging part. An underrated part of this development is that its v accessible via bike/bus infrastructure. Still can't believe this is moving forward, or that they've already started to do this much work. Thanks for the pics! 8 Quote Link to comment Share on other sites More sharing options...
jmitch94 Posted August 11, 2020 Share Posted August 11, 2020 (edited) I’d recon at least half of the concrete that is in the parcel between Holcombe and Dixie drive has been removed. I can get pictures soon. Edited August 11, 2020 by jmitch94 4 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted August 16, 2020 Popular Post Share Posted August 16, 2020 On 8/11/2020 at 12:36 PM, jmitch94 said: I’d recon at least half of the concrete that is in the parcel between Holcombe and Dixie drive has been removed. I can get pictures soon. 11 Quote Link to comment Share on other sites More sharing options...
Popular Post hindesky Posted August 16, 2020 Popular Post Share Posted August 16, 2020 A day of rest for the heavy equipment. 10 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted August 23, 2020 Popular Post Share Posted August 23, 2020 Moving fast! 13 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted August 30, 2020 Share Posted August 30, 2020 This surface lot is being punched out. Cool technique. 9 Quote Link to comment Share on other sites More sharing options...
hindesky Posted September 5, 2020 Share Posted September 5, 2020 7 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted September 6, 2020 Popular Post Share Posted September 6, 2020 11 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted September 13, 2020 Share Posted September 13, 2020 9 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted September 20, 2020 Share Posted September 20, 2020 Something new went up at the site. I noticed a new security camera. 8 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted September 27, 2020 Share Posted September 27, 2020 The other parcel is now being worked on. Noticed the terminal post is being chipped away. 8 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted October 4, 2020 Share Posted October 4, 2020 That was quick. 8 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted October 11, 2020 Share Posted October 11, 2020 5 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted October 18, 2020 Popular Post Share Posted October 18, 2020 10 Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted October 21, 2020 Popular Post Share Posted October 21, 2020 https://www.houstontx.gov/council/committees/qol/20201013/pid.pdf 10 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted October 25, 2020 Share Posted October 25, 2020 On 10/21/2020 at 12:15 AM, Urbannizer said: https://www.houstontx.gov/council/committees/qol/20201013/pid.pdf They're listing 84.55-acres total. C&S Wholesale Grocers across the street is planned to sell soon? The early renderings included the extra land, but Hines only bought half of it. 3M-5M SF of building space for phase 1. This will be awesome. 9 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted November 1, 2020 Share Posted November 1, 2020 Cherry's work is coming to a complete? Half of the fleet is gone. 6 Quote Link to comment Share on other sites More sharing options...
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