DOWNTOWN BIG"6"..What direction are they going??? (Houston: nightlife, farmers market)

[spacecitytx]

Originally Posted by atadytic19

I always confusing Humble with Gulf. Both are iconic Houston landmarks (although Gulf is more architecturally interesting). Maybe I am just secretly wanting that one to be converted to residential too. It is close to a handful of other residential/ hotel buildings so it would compliment well. Houston has lost so many of its older stock.

I do agree that the plan to convert Humble to office is stupid. Vacancy rates have been up for years and taking all that sq footage out of the picture would be great for the market. In addition, the plan to add a glass wall over the building's fins would turn an icon into just another glass building.

Great job compiling that list +1. All the conversation usually goes to Austin, but the other Texas cities have been doing a lot. Austin is focused on a limited number of corridors while Dallas and especially Houston has so much going on in so many different directions. Allen Parkway, River Oaks, multiple spots in Midtown, multiple spots Downtown, east Downtown, UH area improving. And that's just in the loop. We haven't even begun to talk about Uptown and the westheimer, Richmond corridors.

Hopefully Houston's next building boom will include more mixed use

Seems that it's at least starting to head that way.
https://www.houston.org/news/8-mixed...e-face-houston

That article is a year old, but a lot of those projects are already underway. I'm sure there are more in the works.

[oil capital]

Currently under construction in Dallas and Houston downtowns Updated to add the Charles in downtown Houston:

Dallas
-JW Marriott - 15 stories (on top of garage) (Downtown) https://mapleterracedallas.com/
-Jackson at Market Parking Garage w/ space for retail on ground floor (Downtown)
- Energy Plaza resi conversion (Downtown
- Santander Tower resi conversion

Houston
-1550 On the Green - 28 stories (Downtown) https://www.1550onthegreen.com/
-1810 Main - 10 stories (Downtown)
-Moxy Hotel (Hotel conversion of State National Bank Building)
-1801 Smith - resi conversion (Downtown)
-Sovereign at the Ballpark - 7-story apartments (Downtown)
-The Charles residential (Warehouse district-Downtown)

[dallasboi]

Originally Posted by oil capital

Currently under construction in Dallas and Houston downtowns Updated to add the Charles in downtown Houston:

Dallas
-JW Marriott - 15 stories (on top of garage) (Downtown) https://mapleterracedallas.com/
-Jackson at Market Parking Garage w/ space for retail on ground floor (Downtown)
- Energy Plaza resi conversion (Downtown
- Santander Tower resi conversion

Houston
-1550 On the Green - 28 stories (Downtown) https://www.1550onthegreen.com/
-1810 Main - 10 stories (Downtown)
-Moxy Hotel (Hotel conversion of State National Bank Building)
-1801 Smith - resi conversion (Downtown)
-Sovereign at the Ballpark - 7-story apartments (Downtown)
-The Charles residential (Warehouse district-Downtown)

Maple Terrace is not the JW Marriott Downtown....How could you have possibly gotten those 2 mixed up?

[atadytic19]

Originally Posted by dallasboi

Maple Terrace is not the JW Marriott Downtown....How could you have possibly gotten those 2 mixed up?

Maple Terrace is a beautiful building

[Dallaz]

Speaking of Maple Terrace

Uptown Dallas landmark redevelopment reaches halfway mark

https://www.dallasnews.com/business/...-halfway-mark/

“We felt like this quadrant of Uptown was prime for a mixed-use development,” Brewer said. “It’s the gateway to Turtle Creek and Uptown.”

Hines is adding a nine-story addition to the back of the original Maple Terrace building to provide a total of more than 150,000 square feet of offices.

The offices inside the historic building will have a new two-story lobby, conference facilities, a gym, a tenant lounge and a rooftop terrace with views of Uptown and downtown.

“There are not many 100-year-old buildings in Uptown,” he said. “I think there are only three or four pre-World War II buildings left.”

The 345 apartments in the project will be in a 21-story tower under construction behind Maple Terrace. The apartments will open in early 2024.

[dallasboi]

Uh Oh!!!

Texas Is About To Record Its Worst Year For Headquarters Relocations Since 2017

https://www.bisnow.com/dallas-ft-wor...ce-2017-116624

When Elon Musk announced he would bring his Tesla HQ to Texas, it seemed to cement the state's reputation as the king of corporate relos.

Just a year later, that title is being called into question as the state prepares to log its lowest number of headquarters moves since 2017.

As the year draws to a close, Texas has snagged 19 out-of-state headquarters — less than a third of the 62 recorded in 2021, according to YTexas, a business network for companies relocating, expanding and growing in the state.

Site selection experts agree that last year’s spike was an anomaly. But since then, several trends have coalesced to blunt the state’s competitive edge, including rising costs, its position on hot-button political issues, a weakening demand for office space, and a general hesitation among companies to move their headquarters ahead of a potential recession.

....Can we please get that residential market crash that's promised with the upcoming recession?!!!

Over the past several years, Texas’ low cost of living and business-friendly policies have attracted headquarters relocations in unprecedented numbers. The number spiked in 2021, as stricter coronavirus-curbing policies in other states brought even more business to Texas.

Now, that flurry of activity has fizzled and things are beginning to normalize, JLL Managing Director Torrey Littlejohn said.

“Everyone was in their yoga pants behind a computer in 2020; they were so excited to press go in 2021,” she said. “There is a velocity that’s been going on in this Dallas market for the past 10-12 years that I just don’t think we can maintain forever.”

On the Flip-Side-

...There's always a silver lining in every bad situation.

“If there is a slowdown nationwide, it’s going to benefit Texas,” he said. “We’re going to see more interest and more activity in the state because of our pro-business policies, and we’re still better than most cities when it comes to cost of living and our favorable regulatory environment.”

Texas may not see the same number of corporate relocations it did leading up to 2021, but that isn’t necessarily a bad thing, Littlejohn said. The level of activity can’t be sustained forever, she said, and a slowing of activity may allow the state to focus on ensuring the success of firms that are already here.

“It’s still a very healthy market,” Littlejohn said. “Maybe because we don’t have such a velocity of [relocations], we will do an even greater job integrating those companies and those people into our community as they come.”

.....We'll be okay...

[Dallaz]

New Headquarters of World's Largest Brokerage Stalls Amid Financing, Office Demand Concerns

https://www.costar.com/article/73553...emand-concerns

Truluck's, an upscale seafood restaurant known for its oysters and crabs, is staying busy at its two-story McKinney Avenue location in Uptown Dallas on one of the city's most prominent streets. And that may signal trouble for local commercial real estate.

Bustling activity at the standalone restaurant is a surprise to some property executives because the building was supposed to be demolished by now to make way for a 27-story tower that would serve as the new corporate home of CBRE Group, the world's largest commercial real estate brokerage by revenue. Multiple real estate sources have told CoStar News the proposed project at 2401 McKinney Ave. appears stalled amid rising interest rates and inflation.

The lack of progress is a rare hiccup for a metropolitan area that has been the national leader in luring companies that promise to invest millions of dollars and create thousands of jobs. Goldman Sachs, for example, is expected to employ at least 5,000 workers at its new $500 million office campus in Uptown Dallas that is scheduled to break ground early next year.

"Right now, to get something completed from start to finish, you need a proven development team with a sophisticated lender with more equity than usual and it has to be a strong deal," said Jack Matthews, a developer experienced in working with the city of Dallas on projects and familiar with area development but not affiliated with the CBRE project. "In the past, other deals were getting done, but I think it's going to be two to five years before we get back to those deals. There's a lot of uncertainty in the market right now."

Construction was supposed to being on CBRE's proposed 750,000-square-foot office tower this past February, according to a state permit. Not only has construction not begun, but Truluck's is still taking reservations well into next year. At this rate, the project might not meet the construction timeline spelled out in an incentive agreement between CBRE and the city of Dallas, and that could imperil the brokerage's access to some public funds, real estate professionals say.

[oil capital]

Currently under construction in Dallas and Houston downtowns Updated to add the Warehouse District apartments in downtown Houston (and to remove an incorrect link).

Dallas
-JW Marriott - 15 stories (on top of garage) (Downtown)

-Jackson at Market Parking Garage w/ space for retail on ground floor (Downtown)
- Energy Plaza resi conversion (Downtown
- Santander Tower resi conversion

Houston
-1550 On the Green - 28 stories (Downtown)
-1810 Main - 10 stories (Downtown)
-Moxy Hotel (Hotel conversion of State National Bank Building)
-1801 Smith - resi conversion (Downtown)
-Sovereign at the Ballpark - 7-story apartments (Downtown)
-The Charles residential (Warehouse district-Downtown)
-Warehouse District apartments (Warehouse District - Downtown)

[Pilsn3r]

Valley View will finally be demolished?
https://www.dallasnews.com/news/comm...y-end-of-july/

The youtube video was pretty cool to see what the mall is like inside currently.

[Dallaz]

Update:

Modera St. Paul — 16 story residential high-rise U/C on Young and St. Paul
New 21 story farmers market residential tower announced to start in May

Link to a non-paywalled article, unlike the DMN

https://www.connectcre.com/stories/d...dential-tower/


Recent update about the NorthEnd Development with new website and renderings/site plan

https://northend.com/






The following pics are from user CTroyMathis on Dallas Metropolis


23Springs




Maple Terrace





2811 Maple (building permit was issued Nov. 23rd)



The Quad

https://www.instagram.com/reel/CljSY...d=MDM4ZDc5MmU=