Downtown Development
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The Espersonespersonesperson 808 Travis Street & 815 Walker Avenue • Houston, Texas
THETHETHE ESPERSONESPERSONESPERSON 808 TRAVIS STREET & 815 WALKER AVENUE • HOUSTON, TEXAS EXECUTIVE SUMMARY THETHETHE ESPERSONESPERSONESPERSON 808 TRAVIS STREET & 815 WALKER AVENUE • HOUSTON, TEXAS HFF, as the exclusive representative of the owner, is pleased to offer for sale a 100% fee simple interest in Esperson (the “Property”), a 19 and 27-story, 599,107 square foot office building located in Houston’s central business district. Constructed in 1927 and 1941 respectively, Esperson is the only iconic structure of Italian Renaissance in Houston’s most densified employment center. The property is currently 62% leased with 4 years remaining average lease term and is situated on 1.447 acres, a full city block. Located at the intersection of Rusk and Walker Street, Esperson has direct access to Houston’s METRO Rail and 7.5 mile underground tunnel system. Over the last 36 months, ownership invested nearly $9 million in non-leasing capital, positioning the asset at the top of its competitive set. Today, considerable value creation is achievable through rolling current in-place rents to market and through the lease up of the remaining 226,561 square feet of vacant space. Redeveloping and expanding Houston’s CBD infrastructure – realized through rebuilt streets – highways, new mass transit and enhanced public utilities coupled with new office, multi-family, and retail projects have transformed Houston’s core into a vibrant, modern 24/7 environment for people to live, work and play. Esperson offers investors prestige, history, quality, abundant amenities, and a prime location in Houston’s largest employment center. INVESTMENT SALES H. DAN MILLER, CCIM, SIOR Senior Managing Director Tel: (713) 852-3576 [email protected] MARTIN T. - 
												
												Downtown Development Project List
DOWNTOWN DEVELOPMENT This list provides details on all public and private sector construction projects in Downtown Houston since 1995. Costs are estimated or otherwise not available. Under Construction Harris County Jury Assembly Plaza Reconstruction of the plaza and pavilion including relocation of electrical vault. Address 1210 Congress St. Developer Harris County Estimated cost $11.3 million Est. completion 3Q 2021 Website Harris County Clerk McKee City Living 4‐story, 120‐unit affordable‐workforce housing. Address 626 McKee St. Developer Gulf Coast Housing Partnership Estimated cost $29.9 million Est. completion 4Q 2021 Website McKee City Living UHD Student Wellness & Success 72,000 SF student fitness and recreation facility. Address 315 N Main St. Developer University of Houston Downtown Estimated cost $38 million Est. completion 2Q 2022 Website UHD Student Wellness & Success Center JPMorgan Chase & Co. Tower Reframing and renovations of the first and second floor lobbies, tunnel access and the exterior plaza. Address 600 Travis St. Developer Hines Estimated cost $2 million Est. completion 3Q 2021 Website JPMorgan Chase & Co Tower Frost Town Brewing Reframing and 9,100 SF brewing and taproom serving locally inspired beers Address 600 Travis St. Developer Hines Estimated cost $2.58 million Est. completion 3Q 2021 Website Frost Town Brewing Moxy Hotel by Marriott Redevelopment of the historic office building at 412 Main St. into a 13‐story, 119‐room hotel. Address 412 Main St. Developer InnJoy Hospitality Estimated cost $4.4 million P Est. completion 2Q 2022 Website Moxy Marriott Hotel V = Estimated using the Harris County Appriasal Distict public valuation data, January 2019 P = Estimated using the City of Houston's permitting and licensing data Updated 07/01/2021 Harris County Criminal Justice Center Improvement and flood damage mitigation of the basement and first floor. - 
												
												Downtown Dallas, Inc. Contract Renewal
Downtown Dallas, Inc. Contract Renewal Park Board August 6, 2020 1 Dallas Park & Recreation Overview • Current Downtown Dallas, Inc. (DDI) Agreement • History of DDI • Program Park Attendance • Benefits to the City • Contract Terms and Deal Points • Staff Recommendation 2 Dallas Park & Recreation Current Downtown Dallas, Inc. Agreement Downtown Dallas, Inc. (DDI) oversees the general management, operations and maintenance program for designated park sites, plazas, medians and Program Parks, within the Central Business District (CBD). • On December 3, 2009 – Downtown Dallas, Inc. was awarded a ten (10) year contract with the City of Dallas • The initial term was 12/3/2009 to 12/3/2019 (with no renewal period) • On December 3, 2019 – A 9-month extension was put in place while the City negotiated a new management, operation and maintenance agreement to include new deal points with DDI. The extension terms are from 12/3/2019 to 9/3/2020. 3 Dallas Park & Recreation History of Downtown Dallas, Inc. • DDI is a private, nonprofit organization serving as the primary advocate and champion for downtown, ensuring that downtown grows as a vibrant center of urban life, recognized locally and globally for the quality of its business, hospitality, entertainment, living, and cultural environments. • DDI’s annual priorities and program of work are guided by: The 360 Plan, which is a plan for Dallas’ urban center developed in June of 2015 through a partnered effort with DDI, the City of Dallas, and the greater Downtown Dallas 360 community. • FY 20 Annual - 
												
												Center for Public History
Volume 8 • Number 2 • spriNg 2011 CENTER FOR PUBLIC HISTORY Oil and the Soul of Houston ast fall the Jung Center They measured success not in oil wells discovered, but in L sponsored a series of lectures the dignity of jobs well done, the strength of their families, and called “Energy and the Soul of the high school and even college graduations of their children. Houston.” My friend Beth Rob- They did not, of course, create philanthropic foundations, but ertson persuaded me that I had they did support their churches, unions, fraternal organiza- tions, and above all, their local schools. They contributed their something to say about energy, if own time and energies to the sort of things that built sturdy not Houston’s soul. We agreed to communities. As a boy, the ones that mattered most to me share the stage. were the great youth-league baseball fields our dads built and She reflected on the life of maintained. With their sweat they changed vacant lots into her grandfather, the wildcatter fields of dreams, where they coached us in the nuances of a Hugh Roy Cullen. I followed with thoughts about the life game they loved and in the work ethic needed later in life to of my father, petrochemical plant worker Woodrow Wilson move a step beyond the refineries. Pratt. Together we speculated on how our region’s soul—or My family was part of the mass migration to the facto- at least its spirit—had been shaped by its famous wildcat- ries on the Gulf Coast from East Texas, South Louisiana, ters’ quest for oil and the quest for upward mobility by the the Valley, northern Mexico, and other places too numerous hundreds of thousands of anonymous workers who migrat- to name. - 
												
												Dallas-Fort Worth Guide
FACULTY: SEDEF DOGANER, PhD STUDENTS: MICHAEL BRADEN MICHAEL LOCKWOOD LEVI SANCIUC hE/sZ^/dzK&dy^^EEdKE/K COLLEGE OF ARCHITECTURE ARCHITOURISM CONTENTS CHAPTER 1 p. 04 /ŶƚƌŽĚƵĐƟŽŶ CHAPTER 2 p. 11 The Architourist City: Dallas / Ft. Worth History 2.1.1 Importance 2.1.2 DFW Economy Related to Tourism 2.1.3 &t^ƚĂƟƐƟĐƐZĞůĂƚĞĚƚŽdŽƵƌŝƐŵϮ͘ϭ͘ϰ dƌĂŶƐĨŽƌŵĂƟŽŶŽĨ^ŝƚĞƐZĞůĂƚĞĚƚŽdŽƵƌŝƐŵϮ͘ϭ͘ϱ DFW Current Problems 2.1.6 The Architourist 2.2.1 Importance of Architourism 2.2.2 DFW Economy 2.2.3 &t^ƚĂƟƐƟĐƐZĞůĂƚĞĚƚŽdŽƵƌŝƐŵϮ͘Ϯ͘ϰ &tdŽƵƌŝƐƚWƌŽĮůĞƐϮ͘Ϯ͘ϱ &tƌĐŚŝƚŽƵƌŝƐƚ^ŝƚĞϮ͘Ϯ͘ϲ CHAPTER 3 p. 27 Analysis of Tourism in DFW CHAPTER 4 p. 87 Architourist Guide to DFW ARCHITOURISM CHAPTER 1 IntroducƟ on Introduc on: The focus of this analysis is to look at the eff ects of Architourism in the Dallas/Ft Worth area. What kind of culture if any has been created by Architourism and is it authen c or inauthen c. What kinds of developments have occurred there recently and what has this done to boost or change the local community. In the 2010 census the city of Dallas saw less than a one percent increase in its total popula on while Ft Worth increased by more than 38%. Did Architourism play a role in this? If so, what? Our analysis will begin with researching the demographics of the local users and types of tourists, their income level, race, educa on and loca on of residency. We will also include looking into the histories of selected sites with respect to their economies, culture, tourist ac vi es, and rela onship to the built environment. - 
												
												Houstonhouston
RealReal EstateEstate MarketMarket OverviewOverview HoustonHouston Jennifer S. Cowley Assistant Research Scientist Texas A&M University July 2001 © 2001, Real Estate Center. All rights reserved. RealReal EstateEstate MarketMarket OverviewOverview HoustonHouston Contents 2 Note Population 6 Employment 9 Job Market 10 Major Industries 11 Business Climate 13 Public Facilities 14 Transportation and Infrastructure Issues 16 Urban Growth Patterns Map 1. Growth Areas Education 18 Housing 23 Multifamily 25 Map 2. Multifamily Building Permits 26 Manufactured Housing Seniors Housing 27 Retail Market 29 Map 3. Retail Building Permits 30 Office Market Map 4. Office Building Permits 33 Industrial Market Map 5. Industrial Building Permits 35 Conclusion RealReal EstateEstate MarketMarket OverviewOverview HoustonHouston Jennifer S. Cowley Assistant Research Scientist Aldine Jersey Village US Hwy 59 US Hwy 290 Interstate 45 Sheldon US Hwy 90 Spring Valley Channelview Interstate 10 Piney Point Village Houston Galena Park Bellaire US Hwy 59 Deer Park Loop 610 Pasadena US Hwy 90 Stafford Sugar Land Beltway 8 Brookside Village Area Cities and Towns Counties Land Area of Houston MSA Baytown La Porte Chambers 5,995 square miles Bellaire Missouri City Fort Bend Conroe Pasadena Harris Population Density (2000) Liberty Deer Park Richmond 697 people per square mile Galena Park Rosenberg Montgomery Houston Stafford Waller Humble Sugar Land Katy West University Place ouston, a vibrant metropolitan City Business Journals. The city had a growing rapidly. In 2000, Houston was community, is Texas’ largest population of 44,633 in 1900, growing ranked the most popular U.S. city for Hcity. Houston was the fastest to almost two million in 2000. More employee relocations according to a growing city in the United States in the than four million people live in the study by Cendant Mobility. - 
												
												Offering Summary Investment Overview
HOUSTON DOWNTOWN OFFERING SUMMARY INVESTMENT OVERVIEW HFF is pleased to offer on an exclusive basis the opportunity to acquire the fee-simple interest in the 350-room Doubletree Downtown Houston (“Property” or “Hotel”), prominently situated within Allen Center – an institutional-quality mixed-use office/retail/hotel complex – in the Houston CBD. The Hotel is strategically located near many of Houston’s top demand drivers including the George R. Brown Convention Center, Minute Maid Park (home of the Houston Astros), Toyota Center (home of the Houston Rockets) and over 51 million square feet of office space within a 1-mile radius. Many of the Fortune 500 companies located in Houston are within blocks of the Property, including Deloitte, Chevron and KBR. The Property is being offered fully unencumbered from both brand and management, presenting the next owner with a completely blank slate. With an irreplaceable location within Houston’s CBD core and strong in-place cash flow, the DoubleTree offers investors a unique, unencumbered opportunity with tremendous upside potential. INVESTMENT HIGHLIGHTS UNIQUE DOWNTOWN HOUSTON LOCATION The Property boasts an enviable location within Allen Center in Houston’s CBD, benefiting from downtown’s diversified demand base – not only corporate but also convention, sports, leisure, culture, medical, university/ education – and pedestrian friendly environment. This ideal mix of demand drivers has allowed the CBD to TWO ALLEN CENTER 1 MILLION SF continually outperform Houston’s overall market, as well as the - 
												
												Houston's Office Market Weakens Over the Quarter and Braces Itself Moving
Research & Forecast Report HOUSTON | OFFICE Q1 2020 Houston’s office market weakens over the quarter and braces itself moving forward amid $20 oil Lisa Bridges Director of Market Research | Houston Commentary by Patrick Duffy MCR Market Indicators Annual Quarterly Quarterly Colliers generally uses this space to discuss the trends we see Relative to prior period Change Change Forecast* in market data and in conversations we have with our clients, prospects and friendly competitors. We take that data and attempt VACANCY to project activity going forward. The bulk of the first quarter was, NET ABSORPTION for all practical purposes, pre-COVID. Net “move-in” data, as well as new leases signed, were likely unimpacted for Q1 based on the DELIVERIES virus or only marginally impacted. Our industry has a lead time of UNDER CONSTRUCTION at least 4-6 months before a lease is signed or space made ready for occupancy. The real impact of this COVID crisis will not present *Projected in the data until later in Q2. Inertia will carry us for a few more weeks. The world is focused on the COVID driven economic slowdown. Houston has two issues to watch – COVID and a collapse in oil prices. The oil issue is driven by Saudi Arabia and Russia failing to reach an agreement on production and by the severe decline of oil and gas demand driven by the COVID shutdown. Oil has been Summary Statistics Houston Office Market Q1 2019 Q4 2019 Q1 2020 in the low 20’s since the collision of these two events. The Energy Information Administration is projecting that supply will continue to Vacancy Rate 19.4% 19.8% 20.0% outpace demand for the balance of this year by approximately 10MM barrels per day. - 
												
												Park and Recreation Board Agenda
PARK AND RECREATION BOARD AGENDA THURSDAY, DECEMBER 15, 2016 DALLAS CITY HALL 1500 MARILLA STREET, ROOM 6FN DALLAS, TEXAS 75201 214-670-4078 8:00 am: Administration and Finance Committee, Room 6FS 8:00 am: Planning and Design Committee, Room 6FN 9:00 am: Park and Recreation Board, Room 6FN 12:30 pm: Marketing Committee, Room 6FN DRAFT Park and Recreation Board Dallas City Hall 1500 Marilla Street – Room 6FN Dallas, Texas 75201 December 1, 2016 – 9:00 A.M. Regular Meeting: Max W. Wells, President, presiding Present: Max W. Wells, President; Jesse Moreno, Vice President; Celina Barajas, Barbara A. Barbee, Lawrence P. Hochberg, Sean Johnson, Lawrence S. Jones, Amy W. Monier, Susan Rader, Marlon Rollins, Raquel A. Rollins, Rodney Schlosser, Paul Sims, Robb P. Stewart, Yolanda F. Williams – 15 Absent: None. President Wells convened the regular meeting at 9:13 a.m. A quorum of the Board was present. Agenda Item 1. Speakers - None. Agenda Item 2. A motion by Barbara Barbee, seconded by Sean Johnson, for approval of the minutes of the November 17, 2016 Park and Recreation Board Meeting, was carried. The vote was unanimous. Raquel Rollins absent when vote taken. CONSENT AGENDA (ITEMS 3-9) ADMINISTRATION AND FINANCE COMMITTEE - MISCELLANEOUS Agenda Item 3. Fair Park (7) – A motion with amendments by Rodney Schlosser, seconded by Lawrence Jones, to authorize extending the food and beverage concession contract with Ed Campbell Concessions, Inc. to operate food and beverage service at the Fair Park Coliseum for a period of six months, commencing on January 1, 2017 and terminating on June 30, 2017; concessionaire will pay 31.5% of gross sales less sales tax to the City and make improvements to the premises in an amount of $1,000 earmarked to the Fair Park Capital Improvement Trust Fund - Estimated Annual Revenue: $8,933, was carried. - 
												
												Click Above for Virtual Tour Sublease 601 Jefferson St
Click Above For Virtual Tour Sublease 601 Jefferson St Long-Term Sublease With the remaining term running through June 2030, enjoy peace of mind and long-term savings by locking in below market rents for years to come. Plug & Play Opportunity All floors are fully furnished and ready for occupancy, including Haworth cubicles and office furniture, as well as completely outfitted conference and break rooms. Up To Nearly 150,000 Total SF Available Great Panoramic Views of Downtown DIRTT Walls Quickly tailor your space to your business’ needs Available For Immediate Occupancy by reconfiguring the installed DIRTT Wall offices and conference rooms. Contact Broker For Rate Information For More Information Gary Lawless | 713.491.6307 | [email protected] Samuel Heiber | 202.783.3889 | [email protected] Sublease At-A-Glance Jefferson Towers 6 360+ At Cullen Center Floors Available Building Conference Center Capacity Tunnel Connectivity 88 Enjoy access via skywalk to 1600 Smith St to Houston‘s famed downtown tunnel system offering a wide range of (Very Walkable) retail and dining options all while remaining under protection Walk Score from any inclement weather on the surface level. On-site food court, Frost Bank, Amazon Locker and full-service post office. 1.50/1,000 Thru June 2030 Parking Ratio 25,000 SF Approximate Typical Floor Plate Long-term sublease opportunity 150K SF Building Security Up to nearly 150,000 SF available in total, A robust on-site with more than 123,000 SF contiguous. Great Access security system, including key card 601 Jefferson provides convenient access in and elevators, helps out of downtown via I-10, I-45 and Hwy 59, as well as manage and control Click the icon to the right to get a by Metro‘s bus and light rail transit services. - 
												
												Downtown Houston Is in the Midst of a Transition That Could Change Its DNA
Downtown Houston gains retailers, residential units amid office vacancy records - Housto... Page 1 of 6 SELECT A CITY SIGN IN CRANE WATCH HOUSTON LIMITED TIME OFFER Your Acco Check out HBJ's new and improved map Subscribe Now WELCOME Your Acco INDUSTRIES & TOPICS NEWS LISTS & AWARDS PEOPLE & COMPANIES EVENTS MORE… FOR THE EXCLUSIVE USE OF [email protected] From the Houston Business Journal: https://www.bizjournals.com/houston/news/2017/04/07/downtown-houston-is-in-the-midst-of-a- transition.html Cover Story Downtown Houston is in the midst of a transition that could change its DNA SUBSCRIBER CONTENT: Apr 7, 2017, 1:00am CDT When Brad Aiken, partner at Edison McDowell & Hetherington LLP, decided to relocate the Houston-based law firm to downtown from Greenway Plaza, not everybody was on board. “Initially, there was a bit of anxiety related to coming downtown,” Aiken said. “Most people at the firm had been downtown before and were initially pleased to get away.” The law firm was founded in 2009 as the result of a six-person spinoff JULIE SOEFER from Bracewell, which has its Houston offices in Pennzoil Place. Kristy Despite a record amount of vacant office space, new Williams, principal administrator at Edison McDowell and a founding retailers and residential units are on the rise in Houston’s Central Business District. member of the firm, said she and the other founders were ready to leave downtown and its related parking woes, traffic and the lack of restaurants and lunch options within walking distance. But since Edison, a roughly 50-person law firm, relocated in 2016 to 1001 Fannin, the downtown tenant experience has been largely positive. - 
												
												2013 Food Donors
3008 AmeriCold Logistics Bank of America Business Interiors Chiro One Wellness Centers of 102.9 KDMX Radio Amerita Bank of America- Dallas Market Buss Vanlines Arlington 128 Produce AMS Pictures Development Byron Rodenburg Chiro One Wellness Centers of 1st Global Amwins-Irving Bank of America-Addison C & F Foods Plano 5th Church of Christ Scientist Amy Walker Bank of America-Stemmons Frwy C. R. England Trucking Chris Gray 7-Eleven, Inc.-HQ Anastacio Vazques Barcel USA C.A. Tatum Elementary Chrismas In July A+T Distribution Andrews Kurth Bartush Schnitzius Cambium Learning Group Christ the Hope of Glory Aaron Blanchette Anjali Datta BCM Produce Cambria at Coyote Ridge Christopher Jones Abbott Laboratories Anjelica Solano Behringer Harvard Residential Camden Cares Christopher Trading Co. Abuela's Food Anna M. Cox Belgioiso Cheese Campbell Soup Company Chrysler ACE Cash Express ANONYMOUS (FOOD4PAWS) Bell at Summer Gate Canners United Chubb Group of Insurance Adams Engineeering ANONYMOUS (FOOD4PAWS) Bell Park Central Apartments Canstruction Companies Adelfa Botello Callejo Elemetary Anonymous (Individual) Ben Lurie Carington CiCi's Pizza Adesa Dallas Anonymous (Organization) Ben Milam Elementary School Cargill Foods Cinemark Theatre ADP, Inc. Dealer Svcs Division Anril International Benny Valek Carmax City of Dallas - Water Advanced Refreshments AP Food Sales Betancourt & Co. LLC Carmen Castaneda City of Dallas ( EBS ) Affirmative Insurance Holdings, Arbitron Betty Millican Carolina Logistics Company City of Frisco Inc. Armour Beverly Hills Neighborhood Carter High School City Sprint Agrolabs, Inc. Armstrong Elementary School Association CaseStack, Inc. Clara Oliver Elementary School AIG Arnold Transportation Big D Sports & Entertainment Cash America Payday Advance Clark Dietrich Alan Plummer Associates, Inc.