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Whiskey Tango Foxtrot
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55,632 Posts
Discussion Starter · #1 · (Edited)

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Whiskey Tango Foxtrot
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55,632 Posts
Discussion Starter · #4 ·
Getting close:

Marquette Place starting construction soon



Marquette Cos prez Darren Sloniger's development activity itself is a change. He's been a buyer in Houston for several years, but he wants IRR in the teens and that's rarely happening on the acquisitions side now. He's also building Downtown (he'll break ground on Block 52 in six weeks), and says everything happening in the CBD makes it one of the most exciting opportunities he's ever seen.
http://www.bisnow.com/commercial-re...nthian-cant-buy-enough-historic-fixer-uppers/
 

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Whiskey Tango Foxtrot
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55,632 Posts
Discussion Starter · #5 ·
Now called Calayst.

Flashy projects rise near ballpark



Originally Posted by Houston Chronicle

The newest, a 28-story luxury apartment tower on Texas Avenue between Austin and LaBranch, will have floor-to-ceiling windows, an infinity-edged swimming pool and a private club room with views of home plate.

Chicago-based Marquette Cos., is planning to break ground on the building - which will be called Catalyst - on Wednesday.

"Houston is experiencing urbanism for the first time," said Darren Sloniger, president of the company, which is developing the project in partnership with Hunt Cos. of El Paso and affiliates of Los Angeles-based Ares Management.

Sloniger said Houston reminds him of Chicago 15 or 20 years ago before there was a thriving urban core of housing, shops, restaurants and offices in a walkable environment.

"When you look anywhere in the United States, downtown Houston is one of the best opportunities that exists today," he said.

Houston's urban center began to see a flurry of development activity when the economy and real estate market started to recover from the latest downturn and the city launched a tax incentive program designed to lure more residential builders downtown.
http://www.houstonchronicle.com/bus...hp?cmpid=twitter-premium&t=8b2afe02eaf1bd0534
 
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