HNathoo

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HNathoo last won the day on July 28

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About HNathoo

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    Clear Lake
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    Commercial real estate

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  1. That's a pretty big blow to the area. I hear there are plenty of grocers looking, but these things take a long time to come together.
  2. Frankel's has been sold.

    Frank Liu bought this, so I think you should expect townhomes. I've heard that the salvage yard kitty corner to this (on Dallas) is under contract, and the warehouse at 2901 Polk will be redeveloped into a self-storage property. While I'm not a big fan of townhomes, Frank builds pretty high end stuff, so it should improve the look and feel of the area.
  3. Hotel RL & Residences @ 1005 St Emanuel Street

    There aren't a ton of lenders that will finance a boutique hotel project in an area that doesn't have a track record for successful hotels (or any). The owner was doing a JV with the developer with little to no money at risk for the developer. I wouldn't hold your breathe on this project.
  4. East Village at 1201 St. Emanuel

    Picture from the truck yard
  5. Camden Conte: 21-Stories x2 (2 Phases) - Downtown

    Camden announced phase I is a go on their earnings call. Should kick off Q4-2017. It'll be 21 stories, as discussed here. They have no definite plans for phase II.
  6. Chase Bank on W 19th for Sale

    Wow, this is the second time Alliance has picked up a piece of dirt from the COH and flipped off a piece to another developer. These guys seem to know the system pretty well.
  7. The East End Townhome Development Thread

    I agree. Call it boring, but it's nice to see developers take down entire blocks in this part of town. It's looks pretty sharp relative to the heights.
  8. Hotel RL & Residences @ 1005 St Emanuel Street

    I thought Johnson Development was doing the Imperial Sugar Factory redevelopment. I don't think I've ever heard of Pine Place Development - probably not a good sign if their claim to fame is building a Candlewood Suites in 2006.
  9. New Dallas Development

    That's pretty impressive. Dallas and Atlanta are on a roll that seems to far exceed the other US metros.
  10. 8989 Westheimer to be Demolished; Redeveloped

    OrangeStone Capital sold this to Public Storage. It'll be a gigantic self storage facility.
  11. Activity at Finger's Furniture on Gulf Freeway

    I've heard CVS and sprouts for months now, but I'll believe it when I see it.
  12. Activity at Finger's Furniture on Gulf Freeway

    Taken from NextDoor: Update Re: EADO Grocery Store Traci Jack from EaDo · 21m ago Hi Neighbors, I received the following from Councilman Gallegos' office when I inquired about efforts to bring retail, a grocer specifically, to EADO: We’re fully committed to bring a quality grocery store to the area. We’ve actually had numerous discussions about the former Finger property at Cullen and 45 as a possible site. However, the only retailer that has expressed interest in the last two years – the only grocer that could make that EaDo site work, based on a number of metrics grocers use – was Walmart. In fact, we held a couple of meetings with area stakeholders, including leadership from both EaDo and Eastwood, and hoped that we could finalize a deal. Unfortunately, late last year Walmart determined the Finger site was no longer feasible. We are working with Lovett Commercial (owner of the Finger site) and the city’s economic development office to find another suitable grocer. Once that has been done we can look at incentives the city could offer (if necessary) to make the site more attractive. As you may know, just last month the city used federal dollars to lure HEB to a site off 288. For that deal, the city purchased the site using federal EDI (Economic Development Initiative) funds, will turn it over to the Housing Corporation and they, in turn, will sublease the land to HEB. HEB will fully fund the construction of the store. EDI funds are restricted to certain areas of town, and unfortunately Cullen at 45 is not in the EDI zone. To give you some perspective on how complex these arrangements are, the HEB deal was in the works for over two years. We completely agree with you, residents should not be having to drive across town to find a grocery store. We have not given up, and Councilman Gallegos is determined to bring a quality grocer to the community. Thanks again for the message and for your support on this matter. If you could like to follow-up send an email to his Chief of Staff:Daniel.Santamaria@houston.gov
  13. The East End Townhome Development Thread

    East of Dowling has to meet city parking requirements, whereas west of Dowling is classified as CBD. This really changes the economics for commercial development, and justifies the price differential.
  14. The East End Townhome Development Thread

    Yeah, I'd say the land probably runs about 50% less in eado. It's tough to make townhomes work with dirt over $60psf.
  15. UT Research Campus

    There is no way they can sell this land for anything close to what they paid. Maybe this project comes back around in 10 years after they've written this down/off.