US Cities development projects

[Jaeger]

a thread to discuss about US city's current development or future development projects across all 50 states.

 

[Jaeger]

Houston, Texas : North Canal Project - it will be a 1,700 foot project to help protect Houston's White Oak Bayou, the downtown theatre district and a key stretch of interstate 10 from flooding. by digging out this canal, it would create an Island, so 2 vehicle bridges and a couple pedestrian bridges will be constructed to help with this. It will help reduce flooding downtown by 3.5ft. This proposal came in after Hurricane Harvey hit. It is planned to cost roughly $700 Million Dollars.

 

[Jaeger]

Katy, Texas (part of the Houston Metropolis): Boardwalk project - is a major mixed used development project which started this year in Katy, it will feature a lakefront, full service 4 star hotel, entertainment venues and retail, luxury lofts and a 90 acre nature preserve. The Hotel will feature 300 rooms, a dining and lounge area, a pool, and a gym. the lofts will feature 320 luxury residential lofts with 1-2 floors, 2 resort pools, a fitness center and more amenities. the retail areas will include restaurants, bars, and entertainment hubs. the lake and nature preserve will feature two miles of walking paths, wooden boardwalks, pedestrian friendly walk paths, and native plants. as a side note, I live in the Houston Metro-area and work has begun in Katy with most of the projects to be done next year or in 2021, this said, Katy is planning to become Houston's major shopping area.

 

[Strike Eagle]

San Francisco is going to spend $1.5 Billion on redeveloping Treasure Island, residential community. Treasure Island lies in the middle of San Francisco Bay, visible to the left of the Bay Bridge as it crosses from San Francisco to Oakland. the upgrade includes increasing the population from 2,000 to 19,000 , multiple units for housing, an artificial wetland area integrated with a water treatment plant, wind power, recreation and gardening areas, a marina and a shopping district. It will be one of the largest green area communities in the US, aside from the Bay Bride being used for drivers, a ferry service will be formed to help curb heavy traffic.

 

[Strike Eagle]

I'm actually shocked how fast Houston is growing, @Bundeswehr. but is it Texas's fastest growing city? I hear Dallas-Fort Worth is faster growing.

 

[Jaeger]

I'm actually shocked how fast Houston is growing, @Bundeswehr. but is it Texas's fastest growing city? I hear Dallas-Fort Worth is faster growing.

well Houston at one point was Texas's fastest growing metropolitan area until the 2016 Hurricane Harvey hit, which made everything slow down. Austin is Texas's fastest growing metro areas compared to Dallas-Fort Worth, last year it was reported Austin was the US's 4th fastest growing metro areas in the country.

The one Houston has though the other 2 lack in is, Diversity, Houston is highly known for it's diverse cultural points in the state and has been named the "Cultural Capital of the South" with it's arts, Culinary and much more.

They say Dallas-Fort Worth is Texas's slowest growing metro regions, but they are now starting to pick up on continuously developing the city/area for additional population growth and much more.

 

[Strike Eagle]

a Residential, Office, Hotel and Retail mix-use development project is being planned for Houston

 

[Jaeger]

a Residential, Office, Hotel and Retail mix-use development project is being planned for Houston
View attachment 9633

this becoming quite common here in Houston, a lot of mix-used developments coming. I heard yesterday, we have another 13 mix-use development projects coming. but of course Houston's growing population, this was coming.

 

[Jaeger]

Dallas, Texas : Central Park project- Dallas is looking to spend $600 Million on a Park 11 times large then New York City's Central Park however some people been skeptical of the project since it been in the works since 1998, but Dallas plans to accomplish the project by 2021. The Park will be next to the Trinity River and will feature civic spaces, improving the landscape for the floodplains, playgrounds, fountains and plazas will connect the city to the park .

 

[Strike Eagle]

https://www.thenewstribune.com/news/business/article235031392.html

Read more here: https://www.thenewstribune.com/news/business/article235031392.html#storylink=cpy

Although apartment construction has slowed nationally two years in a row, one interesting data point emerged recently.​

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More apartments are either under construction or in the pipeline from Tacoma to Seattle than in all of New York’s metro area.​

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That’s according to data-and-analytics firm Yardi Matrix, via a recent RentCafe analysis of new multifamily unit construction nationwide​

Read more here: https://www.thenewstribune.com/news/business/article235031392.html#storylink=cpy

Despite all the building, the number of affordable units being created remains an issue.​

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The Seattle-Tacoma-Bellevue metro expects 13,682 units to be added this year, compared with the New York metro area, at 13,418, according to the RentCafe analysis.​

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That’s a 17 percent increase for the Seattle metro over last year.​

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Aside from Seattle-Tacoma metro, another area is developing more multifamily than New York and Seattle, according to the data, and that’s Dallas-Fort Worth, which expects 22,196 new units this year.​

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In the Seattle-Tacoma metro area, Seattle is far and away the leading supplier of new apartments, at a rate of nearly 6,900 new units for 2019. Bellevue had the second leading total at 1,766.​

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Tacoma was listed in the report at 549 units projected for completion this year.​

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An advisory released by RCLCO Real Estate Advisors, based in Washington, D.C., noted that millenials remain the largest segment of renters nationwide and that they “continue to have a lower homeownership rate at this point in their lives than earlier generations.”​

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“While surveys show that 75 percent would like to become homeowners at some point, overall the growth in the homeownership rate is stagnant, and it is unlikely to return soon to the levels seen during the last housing boom,” the report noted.​

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Figures from the city of Tacoma show that since 2016, 4,512 total multifamily units have been planned, are in permitting or are now under construction to date.​

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Of projects that have come through the city’s Multifamily Property Tax exemption program, not including nonprofit developers or development outside of mixed-use centers, 1,293 new units have been completed since 2016, including 54 affordable units.​

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Figures provided from Pierce County show that from 2016 to 2018, 1,667 multifamily units have been built outside Tacoma, with 488 built or projected for 2019.​

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As for affordable units, 652 have been built from 2016 to today via the county’s affordable housing incentives.​

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Tacoma Housing Authority estimates that beyond the already existing housing, 22,297 additional affordable units are needed to serve the city now, and an additional 21,745 by 2040.​

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Read more here: https://www.thenewstribune.com/news/business/article235031392.html#storylink=cpy​

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[Strike Eagle]

some of Seattle's Planned or proposed buildings (in red or yellow), Seattle currently has 300 development projects planned, in the works or proposed
some of these (in red & yellow) will be 40 feet or higher

 

[Strike Eagle]

The One Thousand Museum is a Condo project in Miami, Florida which will have 83 residencies and be 62 stories tall and will be the only residential tower in Florida to feature a helicopter landing pad

 

[Strike Eagle]

The United State's new largest Mall is coming to Miami Florida. The new Mega-Mall will be called the "American Dream" and cost around $4 Billion dollars and span about 6 million square feet. The Mall will feature a waterpark with a giant indoor pool, an indoor ice rink, an artificial ski slope, dozens of restaurants and 1,200 Stores. Miami expects the mall to bring in 30 million visitors annually

 

[Strike Eagle]

Chicago is planning to spend $5 Billion on the Lincoln Yards development. developers & Chicago are hoping it brings in 5,000 Homes, 23,000 Jobs and 800 foot skyscrapers.
it will feature the following :
-live nation entertainment complex
-20,000 seat united soccer stadium
-3 water taxi stops
-new transitway
-"multi modal" metro station for private shuttles, CTA Buses, and cyclists
-most skyscrapers in the area will be 300-foot skyscrapers, but there will be a couple 700-800 foot ones
-new North-South Bridge
-new pedestrian pathways
-an extension on the 606 trail

 

[Strike Eagle]

Boston's Fenway Center will feature 650 housing units, 160,000 square feet of offices, 50,000 square feet of retail, 1,290 parking spaces, community space, a day care, bicycle storage, and a bike-share station