A few sources are telling Swamplot that Hines is planning to build either a 20- or 22-story apartment tower on the entire city block where this house stands in the Museum District. The house is at the corner of Caroline and Southmore, directly across from Yoshio Taniguchi?s?Asia Society Texas Center and that recently cleared residential lot immediately behind it. The block is bound by Caroline, Southmore, Oakdale, and the light rail line along San Jacinto.?One of the sources says that 3 of the 4 property owners on the block have agreed to sell, and that Hines will be taking those properties over on July 1. Another source speculates that Hines might go ahead and build around the holdout. As of this morning, there?s been no word from Hines ? though a rep in an email writes: ?No deal has been closed so it is too preliminary to discuss,? which sure makes it sound as though there is an ?it.?
Photo: Swamplot inbox
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