The Ashby Highrise developers have filed suit against the city.
The developers of the Ashby high-rise sued the city of Houston today seeking more than $40 million in compensation after repeated denials of their permit application.
“The city must learn that it cannot misapply the law to please a select few or to achieve de factor zoning regulations that our community has consistently rejected,” said Kevin Kirton, the chief executive of Buckhead Investment Partners Inc., the company that sought to build the 23-story tower at 1717 Bissonnet near Rice University.
I presume “de factor” is a typo in the statement they sent out about this, but as I am not on their press release distribution list, I cannot confirm that. I will simply note that both the neighborhood and the developers have threatened to sue at one time or another, and it actually feels a bit like relief that one of them finally went ahead and did it. As you know, I do think the original project, with the mixed-use component, is a better overall idea than what was eventually approved, but it remains the case that this is the wrong location for that project. We’ll see what a judge and/or jury makes of it.
On a side note, think about all the grand projects that were going to happen in recent years, for which things were torn down, and whose sites now lie fallow for who knows how much longer thanks to the crappy economic and financial environment. I’m talking about sites like the Robinson Warehouse, Allen House, The Stables, and of course Sonoma. Is is just me, or is anyone else amazed that Morgan and Kirton are so secure in their financing position that they keep bulling ahead like this? You have to wonder what their secret is.