City Council incentivizes greenspace
Welcome to Real Estate Roundup, a look at some of the biggest real estate and business stories in Houston that happened this week.
It just got easier for private developers to go green in Houston
Houston City Council is hoping its recently approved tax abatement will lure private developers to plant more trees and much-needed vegetation in nearby drainage projects.
The Green Stormwater Infrastructure Incentive Program updates, which passed unanimously on Thursday, are one of the "green infrastructure" projects that are meant to mitigate flooding by incorporating drainage pipe systems and planting gardens that could help soak in excess water and slow runoff. The new guidelines make it easier for developers to apply for the tax abatement changes project spending minimums.
Chicago Bridge & Iron moves back to The Woodlands after six year absence
An energy-related storage and tanker company will return to The Woodlands after a six-year absence.?
Chicago Bridge & Iron Company , a wholly owned subsidiary of McDermott, announced it will relocate its regional and global headquarters to Hughes Landing. CB&I will occupy 43,000 square feet of the 79-acre mixed-use development overlooking Lake Woodland. The company moved out of the community north of Houston in 2018, after it was acquired by McDermott.?
Here's what it means.
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GameStop is retro-fying some of its Houston locations
GameStop is leaning into nostalgia as it rebrands a number of its?locations. The Texas-based retailer announced that it's transforming six local shops into "GameStop Retro" stores, specializing in vintage (or dated, depending on who you ask) consoles, discs and cartridges.?
In an announcement posted on X, GameStop declared, "THE CLASSICS ARE BACK" alongside logos for many of the consoles one might find at a Retro—Xbox 360, Nintendo DS, Wii, GameCube and more. Retro stores will also sell older titles from franchises including Mario Kart, Poke?mon, Halo, and Grand Theft Auto, among others.
Five Houston buildings given landmark status by city council
Houston City Council on Wednesday added five local buildings to the list of structures given historic landmark status, making it harder for them to be demolished or altered by developers.
Protected landmarks and landmarks are historic properties that the city of Houston officially recognizes for their outstanding historical, cultural or architectural significance. There are currently over 35 landmarks and 192 protected landmarks in Houston.
Two of the landmarks, the Frank Watts House and the Menil House, were granted landmark status, meaning any redesign or maintenance must comply with the city's Historic Preservation Ordinance. The other three structures received the designation of protected landmarks, which is a higher level of protection and makes it harder to demolish.?
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