[SRC Admin]

Houston | Hanover River Oaks

 

[urbannizer]

http://www.bizjournals.com/houston/...n-multifamily-developer-not-giving-up-on.html

Houston multifamily developer not giving up on Upper Kirby site
Dec 2, 2015, 2:52pm CST

The Hanover Co. isn’t giving up on plans to build a new luxury apartment tower in Upper Kirby.

The Houston-based developer is still under contract to purchase a 1.65-acre parcel of land off Kirby Drive near Kipling Street, where it plans to build a 30-story, 300-unit luxury apartment tower.

Hanover had initially planned to close on the Upper Kirby property in January, but Hanover’s capital partners pulled their support, leaving the company scrambling to find new investors. Hanover first postponed the closing date to August, but it has since extended that to February. Solomon Cordwell Buenz, a Chicago-based architecture firm, is designing the project.

 

[bennessb]

The podium certainly brings me back to architecture school. Does it makes sense in the site context?

 

[urbannizer]

@bennessb A low-rise apartment complex on the market makes up the site, it's been divided into two separate parcels. The high-rise will sit further back from Steel street than required to allow the large oak trees to expand without any obstructions. A "driveway" will connect Steele and Kipling for easier access to retail. I like the design of the podium, but it's going to be pretty large. I assume some parking spaces will go towards retail.

The complex was originally deemed as the next phase for West Ave.

http://arausa.listinglab.com/KirbyLandSite/index.cfm?doLDPage=1

 

[urbannizer]

This will supposedly break ground next month. There was a delay in securing debt financing.

 

[urbannizer]

So no groundbreaking yet, but they've just sealed the deal.

http://www.bizjournals.com/houston/...nally-closes-on.html?ana=RSS&s=article_search

But on Nov. 17 — about two-and-a-half yearssince the deal was initially set to close— Hanover finally purchased a nearly 1.7-acre site off Kirby Drive near Kipling Street, near the West Ave mixed-use project. The longtime developer plans to build a 40-story, 300-plus-unit apartment tower and a standalone restaurant on the property, where the 1940s-era Kirby Court apartments used to stand.

Hanover hopes to start construction on the $150 million project, designed by Chicago-based architecture firm Solomon Cordwell Buenz, within the next 12 months.

 

[urbannizer]

Existing buildings on site were recently demolished.


Steel St. HTX - 1/17/2017 by Matthew Wilkins, on Flickr


Steel St. HTX - 1/17/2017 by Matthew Wilkins, on Flickr

 

[urbannizer]

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ChannelTwoNews

 

[urbannizer]

c/o 'ekdrm2d1' on HAIF

 

[urbannizer]

via HAIF

 

[urbannizer]

Hanover River Oaks by bill barfield, on Flickr

Upper Kirby by bill barfield, on Flickr

Construction in Upper Kirby by bill barfield, on Flickr