Mixed-Use Tower Planned Near Galleria

HOUSTON – (Realty News Report) – The  DeisoMoss development firm plans to develop a mixed-use tower on Post Oak Boulevard, just north of Westheimer Road and The Galleria.

Plans call for a 2023 groundbreaking for a 552,000-SF building with 100,000 SF of office space, 350 apartment units and upscale retail.

DeisoMoss’ site is now an urban lawn at 2120 Post Oak Blvd.

Ziegler Cooper Architects, a Houston firm with a long track record in high-rise residential towers, is designing the DeisoMoss mixed-use tower. Renderings indicate the tower will have landscaped sky-gardens, and a rooftop swimming pool atop podium parking.

This grassy spot may be the site of Houston’s next high-rise tower. DeisoMoss is planning a mixed-use 550,000-SF project with office, multifamily and retail. Photo credit: Ralph Bivins, Realty News Report Copyright 2022.

The new high-rise project has secured pre-development financing. Northwind Group recently provided a $26.1 million first mortgage bridge loan. Surya Capital Partners arranged the financing.

Andrew Deiso and Taylor Moss are the name partners in the DeisoMoss firm.

The DeisoMoss property has remained as a two-acre Uptown lawn for years, recognized as a location with significant development potential. The only question was when a developer would pull the trigger. For tax purposes, the site is appraised at $11.4 million.

The DeisoMoss site is between the Post Oak Central development and the PNC building.

The PNC building, formerly known as the BBVA Compass Plaza was developed by Redstone Companies (now known as TRC Capital Partners) and Stream Realty Partners about 10 years ago.

The PNC building and the DeisoMoss site were part of a 6.5-acre assemblage that was controlled by TRC (Redstone). After the DeisoMoss deal, 1.6 acres will remain for future development.

A few blocks to the north, the Dinerstein Cos. recently developed a 40-story apartment tower called the Aspire Post Oak, at the northwest corner of Post Oak and San Felipe.

April 24, 2022 Realty News Report Copyright 2022

Photo credit: Ralph Bivins, Realty News Report Copyright 2022

LISTEN: THE RALPH BIVINS PROJECT podcast with Mike Spears of Lee & Associates – Houston.

File: Mixed-Use Tower Planned Near Galleria

File: DeisoMoss. Mixed-Use Tower Planned Near Galleria. Ziegler Cooper. Uptown Houston.

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