Hines REIT Real Estate Education
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Houston Galleria Houston, TX Houston Galleria . 52-acre site in southwest Houston . 3,000,000 sq ft mixed-use complex . Complex includes: • More than 300 fine stores and restaurants • Two Westin Hotels with a combined total of 900 rooms • Three office towers totaling in excess of one million sq ft • Olympic-size ice skating rink • Galleria Tennis and Athletic Club, a private social and athletic club Houston Galleria Houston Galleria Houston Galleria, Lakes on Post Oak Houston Galleria, Williams Tower and WaterWall Park Diagonal Mar BARCELONA, SPAIN Diagonal Mar . 84-acre site in Barcelona . 3,700,000 sq ft mixed-use complex . Complex includes: • A 936,460 sq ft shopping center • 54,000 SF elevated terrace • Five residential towers totaling 1.7 million sq ft • Three office buildings totaling 613,000 sq ft • Three hotels totaling 624,000 sq ft • A convention center • Public Diagonal Mar Park, whose 41 acres make it the third-largest park in Barcelona Diagonal Mar Diagonal Mar Renault PARIS, FRANCE Renault Site, In and Around the Seine . 131-acre site southwest of Paris • Trapèze - 92.66 acres • Ile Seguin - 28.42 acres • Meudon Land - 9.88 acres . Complex includes: • 653,000 sq m of office, residential, retail and public facilities • Housing for more than 40,000 people • 60 to 80 commercial buildings • Green spaces and communal squares Renault Renault Renault Renault Renault Renault Porta Nuova MILAN, ITALY Porta Nuova . 86-acre site in Milan, Italy . 2,700,000 sq ft mixed-use complex . Complex includes: • New public park, 2nd largest in Milan • 20 high-rise buildings totaling more than one million sq ft • Retail, service, restaurant and exhibition spaces totaling 400,000 sq ft • Residential accommodations totaling 400 plus units • Cultural and community centers • A 160,000 sq ft hotel • First LEED®-rated buildings in Milan Porta Nuova Porta Nuova Porta Nuova Porta Nuova Porta Nuova Porta Nuova CityCenterDC WASHINGTON, DC CityCenterDC . 10-acre site in the heart of downtown Washington, DC . 2,500,000 sq ft mixed-use complex . Complex includes: • Luxury Retail – 295,000 sq ft • Apartments – 458 units • Condominiums – 216 units • Office – 515,000 sq ft • Hotel – 350 rooms • Public Spaces: 1.5-acres . Received one of the country’s first Gold Certifications under the USGBC’s LEED Neighborhood Development program CityCenterDC CityCenterDC CityCenterDC CityCenterDC Uptown Houston 2014 Uptown Houston is one of the world’s great urban centers that connects business with pleasure, energy with grace and style with substance. Business Pleasure Grace Substance Uptown Houston Premier Mixed-Use Urban Community Uptown Houston • Set Standards • Maniacal Commitment to Standards • Unrelenting Enforcement of Standards Hotel Market More than 31 hotels with 7,100 rooms 2012 Hotel Room Revenues ($ millions) $300 $274 $250 $200 $150 $132 $108 $111 $100 $50 $0 Uptown Houston Greenspoint/Bush Airport Medical Center/Astrodome Central Business District Source: State of Texas, Office of the Comptroller Retail Market More than 5 million square feet of retail, dining and entertainment Average Income Per capita income within a three-miles radius Uptown Highland Beverly S. Coast Buckhead Houston Park Village Center Plaza Atlanta Dallas Beverly Hills Costa Mesa, CA Source: Claritas, Inc. Office Market 23.7 Million Square Feet of Office Uptown Office Market Occupancy Class A Space 94.0% 92.0% 90.0% 88.0% 86.0% 84.0% 82.0% West Loop West 80.0% Reconstruction 78.0% 76.0% 74.0% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q Residential Market 35 Projects Since 2000 Uptown Land Use 2013 Value Office Residential $2,000,000,000 $1,500,000,000 40% 30% Hotel Retail Land $500,000,000 $1,000,000,000 $80,000,000 10% 20% 2% Historical Taxable Value (in Millions) $5,000 $4,500 $4,000 Total Property $3,500 Real Property Personal Property $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 GreyStone Group Residential New Development Belfiore Residential Astoria Residential Sola Uptown BHP Billiton Residential Office BLVD Place – Retail, Office Gables Post Oak Residential Hanover • Retail Residential Nelson Murphree Legacy Partners, LLC Office Amegy Bank Finger Cos. Office • Hotel Residential Apache Office Westcreek Center Office Redstone / BBVA Compass Office, Office 2, Hotel SkyHouse Residential • Residential AMLI Residential 5250 Residential The Galleria III • Office Renovation River Oaks Millennium High District Street Residential / Retail Hyatt Regency Hotel 3009 Post Oak Waterwall Place Boulevard Office Broadstone Post Oak Post 510 Residential Residential Avenue R Residential How Did We Get Here? What Is Uptown Houston? Special Districts and TIRZs Why Special Districts? • Address specific community needs with fair and equitable funding • Stimulate economic development to benefit residents, businesses and jurisdictions • Directed by stakeholders • Serving Houston at the neighborhood level Design Standards • Accessibility • Identity • Community Accessibility Completion of the West Loop Accessibility Greening the West Loop Accessibility Greening the West Loop – Hidalgo Park Accessibility Greening the West Loop – Hidalgo Park Accessibility Pedestrian Improvement Program Accessibility Pedestrian Improvement Program Accessibility Pedestrian Improvement Program Identity – Streetscape Program Accessibility – Street Signage Accessibility - Traffic Management Internally Illuminated Street Signs Accessibility - Traffic Management Bus Stops Identity Beautification Waterwall Park Uptown’s Future Post Oak Boulevard The Grand Boulevard &The Garden District Set Standards Maniacal Commitment to Standards Unrelenting Enforcement of Standards.