Nonprofit Pitches $1 Billion Astrodome Redevelopment
A Houston nonprofit has proposed a sweeping redevelopment of the city’s iconic Astrodome, but key players still aren’t convinced on the idea. The Astrodome Conservancy’s $1 billion proposal, called “Vision: Astrodome,” aims to redevelop the stadium into a multifunctional venue with retail, dining, a hotel and exhibition space, the Houston Chronicle reported. The source of […]
Read King Properties Starts Third Houston Apartment Complex
A Houston-based developer is moving ahead on its third retail-anchored apartment complex. Read King Properties plans to bring a $60 million, 336-unit apartment complex to Humble, adjacent to its planned H-E-B-anchored shopping center, state records show. The estimated construction cost comes to $178,600 per unit. The retail-focused firm expects to start construction on the Groves […]
Hospital-to-Resi Conversion Coming to San Antonio River Walk
Hospital-to-residential conversion is coming for a 24-story historic property fronting San Antonio’s River Walk. Houston-based InnJoy Hospitality plans to convert the former Nix Medical Center at 414 Navarro Street into apartments, the San Antonio Express News reported. The number of units hasn’t been disclosed. Documents filed with the state estimate construction costs at $10 million. […]
Austin’s Density Bonus is Popular With Residential Developers
Austin gave developers the chance to go higher in an effort to add affordability to the city, and it’s proving to be a popular tactic. The city’s Density Bonus 90 zoning program allows residential buildings to reach heights of up to 90 feet — 30 feet taller than previously permitted — if developers commit to […]
Hillwood’s Industrial Head Reid Goetz on Data Center Boom
The Perot family made its first fortune on the wave of one technological revolution, and it is actively building to capitalize on the latest one. Hillwood, headed by Ross Perot Jr., has spent more than 30 years developing AllianceTexas, an industrial airport that has grown into a 27,000-acre master-planned development north of Fort Worth. In […]
Austin Code Change Could Slash Home Prices
It’s a weird time to be a YIMBY in Austin. On the one hand, the city’s development code and permitting process are far stricter than those of Dallas or Houston. This week, a court blocked what would have amounted to a $350 million development incentive to increase walkability in Austin’s developing South Central Waterfront neighborhood. […]
Judge Spikes $354M Development Incentive in Austin
Much of the area surrounding the old headquarters of the Austin American-Statesman newspaper isn’t pretty, but to a developer, it may as well be the Mona Lisa. Situated on the south shore of Lady Bird Lake and wedged between downtown and trendy South Congress, the parcels are currently home to sprawling parking lots and old […]
Judge Spikes $354M Development Incentive in Austin
Much of the area surrounding the old headquarters of the Austin American-Statesman newspaper isn’t pretty, but to a developer, it may as well be the Mona Lisa. Situated on the south shore of Lady Bird Lake and wedged between downtown and trendy South Congress, the parcels are currently home to sprawling parking lots and old […]
H-E-B Buys 20 Acres in Austin Suburb Manor
H-E-B has targeted a growing northeast Austin suburb for its next store, setting the stage for surrounding retail development. The San Antonio-based grocery chain recently purchased 20 acres within the 63-acre Manor Crossing retail center, near the intersection of U.S. Highway 290 and FM 973, in Manor, the Austin Business Journal reported. An H-E-B store […]
Lowe’s Plans $14M Store in Booming Austin Suburb
A number of deals are happening in Austin’s red-hot retail market. Furniture company Ethan Allen will build a showroom and store in Cedar Park, a fast-growing suburb northeast of Austin. The property, at 5204 183A Frontage Road, will span 12,200 square feet and cost $4 million to construct, according to a filing with the Texas […]
