Astrodome renovation plan a win-win

Love it. Hate it.

Tear it down or recreate it.

The decaying, outdated and unused Astrodome is one of Houston’s greatest cultural and architectural landmarks. The fact that $105 million now will be used to renovate the former home of the Astros and Oilers – the money finally greenlighted after years of public arguments and following the destruction from Hurricane Harvey – is also very Houston.

 Harris County commissioners voted unanimously to modernize the much-loved/loathed Dome, approving a multi-stage project that eventually will transform the embarrassing eyesore next to NRG Stadium into a venue that will house conventions, conferences, festivals and more. Of course, the once-brilliant Eighth Wonder of the World also will honor our car-obsessed city with about 1,400 new parking spaces.
 
Read more at Chron.com

Is Third Time The Charm For CodeNEXT?

City staff has unveiled a third version of Austin’s land development code, touting its ease of use and preservation of neighborhood character. City Council launched the rewrite of the Austin land development code, known as CodeNEXT, in 2013 after a series of messy battles over large-scale development. Consultants who presented the newest version of the code to council Tuesday morning talked about how the latest zoning maps reflect the character of existing neighborhood plans; incorporate the Imagine Austin goals of growth along Austin’s major corridors; and consolidate three decades of policy decisions.

Read more at: https://www.bisnow.com/austin-san-antonio/news/commercial-real-estate/is-third-time-the-charm-for-codenext-84996?utm_source=CopyShare&utm_medium=Browser

CRE Opinion: How DFW Office Space Looks After a Record 2017

The end of 2017 wrapped up with a bang. Due in no small part to Toyota and JPMorgan Chase occupying more than 3 million square feet of build-to-suit projects in Plano’s Legacy, Dallas-Fort Worth ended the year at 5.2 million square feet of positive absorption—the market’s highest annual number since the recession. More importantly, the end of 2017 saw our 23rd straight quarter of positive absorption, a streak that began in the second quarter of 2012.

Read more at dmagazine.com

Report: Apartment/commercial construction retreats in U.S., holds steady in Houston

Houston bucked the national trend for new commercial and multifamily construction projects in 2017, a report showed.

The value of commercial and apartment construction projects started in the Houston area in 2017 held steady at $3.9 billion after experiencing a big drop in 2016, Dodge Data & Analytics reported.

Seven of the top 12 markets showed declines, including the biggest markets of New York, Los Angeles, Dallas and Washington, D.C. The San Francisco, Atlanta and Philadelphia areas experienced double-digit gains in the value of construction starts, while Seattle was unchanged along with Houston.

 Dodge Data & Analytics tracked office buildings, stores, hotels, warehouses, commercial garages and multifamily housing in the report.
 
Read more at Chron.com