nate Posted April 11, 2008 Share Posted April 11, 2008 http://houston.bizjournals.com/houston/sto.../14/story6.htmlAccording to Mandola, Interfin plans to tear down the building as soon as the restaurant clears out and construct a 27-story building of an undetermined type.Matt Waller, a senior vice president with Interfin, would only confirm that the tenants are leaving this summer."We have not yet decided what we're going to do with the property," Waller says. "I have nothing to report."Meanwhile, Mandola has given up the search for another State Grille site due to a lack of an affordable location inside Loop 610."We could not afford the rents that they're charging," says Mandola. "The land prices are ridiculous, and rents are very high."Doug Nicholson of Grubb & Ellis Co., Mandola's real estate broker, says land prices inside the Loop range from $75 to $125 per square foot, which is too expensive for a restaurant.Nicholson wryly observes that the only way to make that pricing work would be to build a 25-story high-rise and put the State Grille on top of it."The prices are just out of sight," Nicholson says. "Right now, everything's so high, we couldn't find anything." 1 Quote Link to comment Share on other sites More sharing options...
ricco67 Posted April 11, 2008 Share Posted April 11, 2008 That is truly a pity that they're shutting down. You would have expected that they would be able to get a place in an established area for reasonable prices. I would equate it with the Rainbow Lodge; It's in a dump but it's constantly busy. Do you think that perhaps they have stayed in that location for so long that they lost perspective and simply "think" its expensive for a business to be able to support a location? Quote Link to comment Share on other sites More sharing options...
PuroAztlan Posted April 11, 2008 Share Posted April 11, 2008 Build you bastids, BUILD! MEGA-HOUSTON! SKYSCRAPERS FROM DOWNTOWN TO GREENWAY AND UPTOWN AND EVERYTHING IN BETWEEN! That is all. Quote Link to comment Share on other sites More sharing options...
musicman Posted April 11, 2008 Share Posted April 11, 2008 (edited) Do you think that perhaps they have stayed in that location for so long that they lost perspective and simply "think" its expensive for a business to be able to support a location?no the mandolas have been here too long and know houston well. Edited April 11, 2008 by musicman Quote Link to comment Share on other sites More sharing options...
crunchtastic Posted April 11, 2008 Share Posted April 11, 2008 no the mandolas have been here too long and know houston well.totally. The margins are so thin on fine dining now it doesn't take much. That's a shame; it was a little old fashoniod but the food at State Grille was excellent. Restaurants are starting to adjust menus for rent. Or maybe not, I've just never noticed it before. One of my sales guys told me the new Jimmy Wilson's at Post Oak was quite a bit more expensive that the far west location, for much of the same menu items. Quote Link to comment Share on other sites More sharing options...
Dieseldrvr Posted April 14, 2008 Share Posted April 14, 2008 This is indeed sad, this is one of the best restaurants in Houston over the years it's been there. They never should have changed the name, but the food has not suffered over time, truly a Houston gem, hopefully they can find a way to relocate it. Quote Link to comment Share on other sites More sharing options...
rsb320 Posted April 14, 2008 Share Posted April 14, 2008 This building has been known as Black Angus, Condederate House and now State Grill. We lost The Stables and now Felix. I guess it's just a sign of progress, but it's still hard to see these Houston traditions vanish. Molina's on Buffalo is also closing, but I think they'll just be moving to another location. I think I read that HEB is building something there at Buffalo and Westpark. Quote Link to comment Share on other sites More sharing options...
capnmcbarnacle Posted April 14, 2008 Share Posted April 14, 2008 This building has been known as Black Angus, Condederate House and now State Grill. We lost The Stables and now Felix. I guess it's just a sign of progress, but it's still hard to see these Houston traditions vanish. Molina's on Buffalo is also closing, but I think they'll just be moving to another location. I think I read that HEB is building something there at Buffalo and Westpark.What happened to Felix? It looked open to me awhile back. Quote Link to comment Share on other sites More sharing options...
rsb320 Posted April 15, 2008 Share Posted April 15, 2008 What happened to Felix? It looked open to me awhile back.Look here: http://www.houstonarchitecture.info/haif/i...?showtopic=5225Apparently, they held out as long as they could. Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted April 15, 2008 Share Posted April 15, 2008 I wonder when any renderings will come out. Quote Link to comment Share on other sites More sharing options...
cottonmather0 Posted April 15, 2008 Share Posted April 15, 2008 It was better when it was the Confederate House, but political correctness fixed that a few years ago. Bring on the high rise. Quote Link to comment Share on other sites More sharing options...
capnmcbarnacle Posted April 15, 2008 Share Posted April 15, 2008 Look here: http://www.houstonarchitecture.info/haif/i...?showtopic=5225Apparently, they held out as long as they could.Thanks for the info. Bummer. It was like culinary anthropology. Quote Link to comment Share on other sites More sharing options...
Dieseldrvr Posted April 17, 2008 Share Posted April 17, 2008 It was better when it was the Confederate House, but political correctness fixed that a few years ago. Bring on the high rise.I would somewhat agree with you, although I thought it was very good. Luckily Houston is blessed to have a large number of great Italian restaurants and grills. But hopefully this restaurant will be reborn in some capacity, because the staff and the food and the Happy Hours were great. Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted April 18, 2008 Share Posted April 18, 2008 When it was the Black Angus, it seems as if area teens always made off with the G from the sign. That was always a site worthy of a chuckle. Quote Link to comment Share on other sites More sharing options...
nate Posted July 15, 2008 Author Share Posted July 15, 2008 (edited) An update on this one.I received the free throw around newspaper, the Village News (no website) this morning. They have a front page story on the proposed high rise.To summarize:In mid-May, permit applications were filed with the city for "site utilities and foundation for future high rise apartments" at 3816 W. Alabama. They were returned with a number of corrections, including a traffic study analyzing the impact of a high-density development on neighboring streets. The developers will not confirm their plans. The Highland Village Civic Club president, Jimmy Glotfelty, says the surrounding community supports lower-density development, but a high rise "would get a tremendous outburst" from surrounding neighborhoods. The State Grille's lease is up on July 31. All buildings will be torn down at the end of the summer.Looks like this is going to happen. Edited July 15, 2008 by nate Quote Link to comment Share on other sites More sharing options...
lockmat Posted July 15, 2008 Share Posted July 15, 2008 just for future reference:Interfin website: http://www.interfin.com/index.html Quote Link to comment Share on other sites More sharing options...
capnmcbarnacle Posted July 15, 2008 Share Posted July 15, 2008 (edited) An update on this one.I received the free throw around newspaper, the Village News (no website) this morning. They have a front page story on the proposed high rise.To summarize:In mid-May, permit applications were filed with the city for "site utilities and foundation for future high rise apartments" at 3816 W. Alabama. They were returned with a number of corrections, including a traffic study analyzing the impact of a high-density development on neighboring streets. The developers will not confirm their plans. The Highland Village Civic Club president, Jimmy Glotfelty, says the surrounding community supports lower-density development, but a high rise "would get a tremendous outburst" from surrounding neighborhoods. The State Grille's lease is up on July 31. All buildings will be torn down at the end of the summer.Looks like this is going to happen.I can't imagine that this thing will have a huge traffic impact compared to all the traditional 3 story apartment complexes (with hundreds of units) around there, not to mention the 5,000 trips a day in and out of Central Market and all of the other stores. And given that it is on the corner of two major comercial streets, Alabama and Weslayan, I can't see much of a basis for freaking out. But freak out people will.The highrise hysteria is an interesting phenomenon. I was by the Huntington today and I swear in the hour or so I was looking at the building I saw maybe 3 cars come or go. 40 story tower of traffic!!If this thing is 27 stories and has maybe 125 units, I can't see that making much of an impact. I have a friend who has a view of 2727 Kirby from their yard and are up in arms about what they think will be traffic from it, but the fact that West Ave is going to drop more people and retail customers into their neck of the woods doesn't seem to bother them. They just don't want to see a highrise on the horizon. Edited July 15, 2008 by capnmcbarnacle Quote Link to comment Share on other sites More sharing options...
strickn Posted July 16, 2008 Share Posted July 16, 2008 (edited) If this thing is 27 stories and has maybe 125 units, I can't see that making much of an impact. I have a friend who has a view of 2727 Kirby from their yard and are up in arms about what they think will be traffic from it, but the fact that West Ave is going to drop more people and retail customers into their neck of the woods doesn't seem to bother them. They just don't want to see a highrise on the horizon.I agree with you, although one can't blame them for enjoying suburban comfort in the middle of the city in a way very few cities offer. In Midtown Manhattan right now neighbors are fighting mad about a proposed 75-storey building which is, of course, "totally out of character" with the surrounding neighborhood of 45-storey towers. It wasn't until the latest round of developers' attention to Houston that density began to reach a point where many folks felt like maybe their piece of the pie is in danger of shrinking - that's why all of the hostility and hedging all of a sudden - but it's why density is its own poison in democracy (I've noticed that Houston is actually more intensively developed relative to its infrastructure than Brooklyn is, and the Manhattan example tells you why: the more people there are, the harder they make it to add any more). And maybe that's not a bad thing - once there are too many toes that can get stepped on that have to be protected from one another by an oversight process, which will exist to guarantee "legitimacy" of local actions on anything from street furniture to you-name-it, neighborhoods lose all of their real trial-and-error responsiveness in the name of proper public management, and it becomes impractical for individuals to actually have agency in shaping their environments.* No amount of community participatory visioning sessions will ever change that, but planners overlook the fact, perhaps because they are disciplined to view themselves as being the factor of-which-still-more-is-still-needed in shaping environments, the thing that's still not gotten its due for being as indispensable as it is. Going that route will make the same mistake here that the East and West Coasts have made, not to mention it'll erase/calcify the central Houston character that led us to fall in love with the place.*Imagine trying to adaptively craft a sculpture one weekend, when every suggestion from your brain to your hand and every signal from hand to mind has to be vetted in a four-month political procedure: you simply can't make anything suited more and more responsively to its living surroundings - so the pinnacle still available to strive for becomes a misbegotten perfectionism. "Okay, we've hashed this out, as few people as possible are alienated, it's DONE. For ever, if possible." If you think an exurban cul-de-sac is deadening, try an ideational one, like that. You'll find them all over the richer coasts, and I'll give them that they're certainly glamorous: "Why can't we have urbanism like that in Texas?!" - since the foregoing paragraphs are reasons why, if we can, we shouldn't. Edited July 16, 2008 by strickn Quote Link to comment Share on other sites More sharing options...
lockmat Posted May 3, 2009 Share Posted May 3, 2009 I don't think we've got something on this yet...http://www.interfin.com/docs/flyer.pdf Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted May 3, 2009 Share Posted May 3, 2009 Hmm I think we have...http://www.houstonarchitecture.info/haif/i...showtopic=15624 Quote Link to comment Share on other sites More sharing options...
Subdude Posted May 3, 2009 Share Posted May 3, 2009 Duplicate topics merged. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted May 3, 2009 Share Posted May 3, 2009 I don't think we've got something on this yet...http://www.interfin.com/docs/flyer.pdfThis is a flyer for the land. The tower is--not surprisingly--a dead project. Quote Link to comment Share on other sites More sharing options...
fatesdisastr Posted May 3, 2009 Share Posted May 3, 2009 My next door neighbor 3 houses down used to own the Confederate House/ State Grille. Now he just owns Damon's. Quote Link to comment Share on other sites More sharing options...
houston-development Posted May 4, 2009 Share Posted May 4, 2009 good luck trying to sell that site.1) they paid $95 psf pretty much at the market peak2) the site is only suitable for a vertical development, especially because of the size and that price Quote Link to comment Share on other sites More sharing options...
JWW Posted May 4, 2009 Share Posted May 4, 2009 good luck trying to sell that site.1) they paid $95 psf pretty much at the market peak2) the site is only suitable for a vertical development, especially because of the size and that priceAny valuation out there what "fair" price would be right now? Quote Link to comment Share on other sites More sharing options...
diggity Posted May 4, 2009 Share Posted May 4, 2009 (edited) My next door neighbor 3 houses down Edited May 4, 2009 by diggity 1 Quote Link to comment Share on other sites More sharing options...
fatesdisastr Posted May 4, 2009 Share Posted May 4, 2009 he is also one of the board of directors for the Houston Livestock Show And Rodeo. he is a really cool guy Quote Link to comment Share on other sites More sharing options...
houston-development Posted May 5, 2009 Share Posted May 5, 2009 Any valuation out there what "fair" price would be right now?problem is, there really isn't a "fair" price because of the current lending environment and the huge gap between bid/ask. heck, mandola didnt want to sell but was made an offer they couldnt refuse. interfin overpaid and is now stuck holding the bag.total hypothetical...say a STRONG buyer wanted to move forward. to get a loan, they probably put down 40% equity of what the bank values the deal at (probably 25%+ less than what it would have been a year ago). top that off with personal guarantee on the outstanding loan. probably need to JV and use the land as collateral. if i were to guess, think a bank would put a value of $50 psf on the dirt today. Quote Link to comment Share on other sites More sharing options...
Highway6 Posted May 5, 2009 Share Posted May 5, 2009 heck, mandola didnt want to sell but was made an offer they couldnt refuse. interfin overpaid and is now stuck holding the bag.Typical Sicilian! Quote Link to comment Share on other sites More sharing options...
UrbaNerd Posted May 5, 2009 Share Posted May 5, 2009 Typical Sicilian!Hell, even the owner of Interfin is Italian or something like that. Mwahahaha Quote Link to comment Share on other sites More sharing options...
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