The Fort Worth investment group that bought up the vacant 104-acre AstroWorld site in 2010, then sold off portions of it — including a 48-acre chunk to the Houston Livestock Show and Rodeo late last year — is now trying to find a buyer for the last remaining big piece of the former amusement park: 44 acres fronting Reliant Park across the freeway to the north, Sam’s Club and MetroRail’s end-of-the-line Fannin South Station to the east, and West Bellfort to the south.
Monthly Archives: October 2013
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Insights into the Memorial Park remodel: Expect a more natural, less “European” land (Culture Map)
By Tyler Rudick
With thousands of its trees decimated by Texas’ ongoing drought, Memorial Park is set to get a major boost from one of landscape architecture’s biggest rising stars.
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New speculative development project heading for north Houston (HBJ)
Katy Stewart, Houston Business Journal
Brennan Investment Group LLC, a Chicago-based real estate investment firm, is planning a speculative development project in Houston.
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Houston Association of REALTORS makes recommendations for Nov. 5 Elections
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Area builders working hard to match demand (Houston Chronicle)
By Nancy Sarnoff
Houston-area builders are selling houses before they can finish them and at prices close to 20 percent higher than they were two years ago, new data show.
Builders started 27,802 homes during the 12 months that ended in September, according to Metrostudy, an information and consulting firm. That’s a 24 percent increase over the same period a year earlier and the strongest 12-month period since 2008.
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What Hines’ new downtown skyscraper means for other tower timelines (HBJ)
Shaina Zucker, Houston Business Journal
After Hines released the timeline for its next downtown tower, other developers with proposals are remaining quiet — planning their next strategic move to get another on the ground.
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Strawberry Park plans unveiled (Pasadena Citizen)
By JEFF NEWPHER
Following a relatively routine City Council meeting Tuesday morning (October 24), councilmembers convened in a Workshop format (no debate or votes) to see artist’s renderings, graphs, spreadsheets and video of a plan to transform the Strawberry Park Pool into a water park.
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Woodlands Township officials say the time is now to plan for trees (Ultimate Woodlands News)
By Lindsay Peyton
The Woodlands Township is preparing for the next step in its reforestation effort- with plans to plant several thousand trees to replace those lost in the drought.
While the planting will not begin until 2014- and the funding is reserved in the 2014 budget – John Powers, assistant general manager for community services, said now is the time to consider the options.
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Pasadena voters to decide proposed changes to city charter (Ultimate Bay Area)
By Karen Zurawski
Roy Mease, who chaired the Pasadena Bond/Charter Review Committee, doesn’t have a problem with the four proposed charter amendments on the Nov. 5 ballot.
Even though one of the four proposed amendments wasn’t approved by his group, he said he would have voted for the change.
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Sugar Land voters to decide parks, recreation bond package (Ultimate Fort Bend)
Sugar Land is asking voters on Nov. 5 to approve a $50 million bond package to add and upgrade recreation and park facilities.
The package includes three propositions: $18.54 million for a 65-acre community park at Chatham and Easton avenues; $21.3 million for the second phase of the Brazos River Park and an adjacent festival site; and $10.16 million for approximately 10 miles of hike-and-bike trails and bridges.
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Bipartisan Deal Reached to Delay Flood Insurance Premium Hikes (Insurance Journal)
Key House and Senate members have reached a bipartisan deal to delay changes to the federal flood insurance program that are raising premiums for many homeowners. The bill would require regulators to address affordability of the coverage before implementing rate hikes.
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Local beach home sales skyrocket from Texas vacationers’ interest (HBJ)
Shaina Zucker, Houston Business Journal
With consumer confidence high in a flourishing economy and a booming local job market, Texas buyers are taking to the Gulf to purchase their secondary and vacation homes.
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The best place to trick or treat in America? National study finds it’s a Houston neighborhood of course (Culture Map)
By Ralph Bivins
The City of Bellaire is the best place in the nation to go trick-or-treating on Halloween, according to a national study by ZipRealty Inc., an online residential realty brokerage firm.
With a population of more than 17,000, Bellaire — an independent municipality with its own mayor — is located along Loop 610, south of the Galleria and north of Beechnut Street.
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Exclusive: Multifamily development going up near Exxon campus (HBJ)
Alliance Residential Co. is moving forward on its next multifamily community, Broadstone Sierra Pines, just north of the Exxon Mobil Corp. new corporate campus.
Shaina Zucker, Houston Business Journal
North of Exxon Mobil Corp.’s (NYSE: XOM) massive campus, Alliance Residential Co. is moving quickly to get a new multifamily community on the ground.
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Crazy smart? Houston community pushes for a $70 million high school football stadium (Culture Map)
By Tyler Rudick
With its football programs on fire this fall, the Katy Independent School District has gone to the ballot box with the hope that voters will approve funds to build a new $69.5 million stadium as part of a $99 million bond referendum.
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Luxe apartment community planned in Medical Center area (HBJ)
Olivia Pulsinelli, Houston Business Journal
A Dallas-based developer said Wednesday it is building a luxury apartment community in the Texas Medical Center area across from The University of Texas M.D. Anderson Cancer Center.
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Commercial real estate beginning of a long period of growth (Chron.com)
Commercial real estate investors gushed over Houston today during a panel discussion about the capital markets and investing in the fourth largest city.
Glenn Lowenstein, co-founder of Houston-based investment firm Lionstone Group, said he’s never seen a better market in the more than two decades he’s lived here.