Montrose1100 Posted August 29, 2014 Share Posted August 29, 2014 They said we will crash in 2016.What will crash? Oil? Natural Gas? The US economy? Everyone I have talked to in the last few months hear swirling rumors of many companies looking to expand current offices/consolidate other US offices/completely move here. And this is all across the board of different industries. 2 Quote Link to comment Share on other sites More sharing options...
lockmat Posted August 29, 2014 Author Share Posted August 29, 2014 I went to the Hilton Americas for breakfast yesterday and all the developers were there. They said we will crash in 2016. For $89 a cold egg wrap, it suck! They said the 609 Main building is the best project and will be a icon for Houston. Nothing said on Chevron getting concern if they will not build it.What event was it? Quote Link to comment Share on other sites More sharing options...
Fortune Posted August 29, 2014 Share Posted August 29, 2014 Had to be the Bisnow future of downtown event. I'm curious as to what will crash in 2016 as well ? Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted August 29, 2014 Share Posted August 29, 2014 construction costs are messing with a lot of projects right now... it's a huge concern. if you got it priced 6 months ago you're probably off by 10% now. that will kill a deal fast.10%? I've been hearing costs have gone up almost 50%. And there are labor shortages. I wonder if any of those kids from Honduras know how to swing a hammer. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted August 29, 2014 Share Posted August 29, 2014 They said we will crash in 2016. For $89 a cold egg wrap, it suck!Are they kidding? US GDP figures just came out at 4.2%. The latest Texas Labor Market Indicator showed Houston has created 110,000 jobs YOY. Shouldn't a 2016 crash be a concern some place like Dallas? Quote Link to comment Share on other sites More sharing options...
apple addict Posted August 29, 2014 Share Posted August 29, 2014 Why Dallas? wouldn't Houston's economy be more vulnerable considering its economy is mainly based on one industry? Quote Link to comment Share on other sites More sharing options...
nativehoustonion Posted August 29, 2014 Share Posted August 29, 2014 I don't feel there will bust as the representative from Cushman said but it slow down a kittle bit. Quote Link to comment Share on other sites More sharing options...
Naviguessor Posted August 29, 2014 Share Posted August 29, 2014 Native, then why did you troll the word "Crash"? 2 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted August 29, 2014 Share Posted August 29, 2014 I went to the Hilton Americas for breakfast yesterday and all the developers were there. They said we will crash in 2016. I don't feel there will bust as the representative from Cushman said but it slow down a kittle bit. Choice of words my friend... 2 Quote Link to comment Share on other sites More sharing options...
bachanon Posted August 29, 2014 Share Posted August 29, 2014 You are right, Chevron should have started construction the original date. I have a bad feeling about it now. chevron didn't start as originally planned because they allocated funds for money-making endeavors rather than sunk costs; they still need the building; the resources are worth more elsewhere at the moment. Quote Link to comment Share on other sites More sharing options...
bachanon Posted August 29, 2014 Share Posted August 29, 2014 Had to be the Bisnow future of downtown event.I'm curious as to what will crash in 2016 as well ? maybe they were talking about this book: http://www.forbes.com/sites/eamonnfingleton/2013/12/21/for-all-who-care-about-americas-future-a-stocking-stuffer-of-a-book-the-crash-of-2016/ 1 Quote Link to comment Share on other sites More sharing options...
asubrt Posted August 29, 2014 Share Posted August 29, 2014 Native, then why did you troll the word "Crash"? I think we have all learned at this point not to take anything he says seriously. 2 Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted August 30, 2014 Share Posted August 30, 2014 Why Dallas? wouldn't Houston's economy be more vulnerable considering its economy is mainly based on one industry? One would think. But Dallas' economy is highly sensitive to dot-com busts and sheds a lot of jobs at the drop of a hat. I think they are more construction-leveraged than Houston. We saw that in 2001 and again in 2008. Oil, by contrast, has been holding up real well. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted August 30, 2014 Share Posted August 30, 2014 (edited) I'm also a little skeptical of any sort of "crash". 2014 was supposed to be the year the Houston economy hit the "pause" button, but hiring in the oil and gas sector added 5,000 jobs to the economy in the last two months, and there will be a lot of design engineers working on a lot of chemical plants over the next three years, so the party may continue for a while. That is, until this town gets too expensive to live in. Edited August 30, 2014 by toxtethogrady Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted August 30, 2014 Share Posted August 30, 2014 Party like it's 1981. And by 'like it's 1981', I mean we need supertalls. 2 Quote Link to comment Share on other sites More sharing options...
Fortune Posted January 24, 2015 Share Posted January 24, 2015 Hotel and office buildingLocation: Uptown on Post Oak Boulevard north of Westheimer and next to the BBVA Compass building at 2200 Post Oak Blvd.Developer: Houston-based TRC Capital PartnersOriginal plan: In 2011, a group affiliated with the Redstone Cos. - now TRC Capital Partners - said it was planning a hotel and office tower on the Uptown site. It said the project was contingent on financing and could be underway within a couple of years.Update: At the end of last year, the developer signed an agreement with a hotel brand and plans to break ground on a full-service hotel in the second or third quarter. The office building has been put on hold until a tenant can be found.http://www.houstonchronicle.com/business/real-estate/article/Cracks-forming-in-commercial-real-estate-market-6037038.php#/0 6 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted January 24, 2015 Share Posted January 24, 2015 Sweet. I wonder what hotel.. Maybe one of the fabled high end hotels certain posters have been wishing for? 1 Quote Link to comment Share on other sites More sharing options...
por favor gracias Posted January 24, 2015 Share Posted January 24, 2015 If I remember correctly, I thought there was going to be residential on top of the hotel. 2 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted January 24, 2015 Share Posted January 24, 2015 (edited) Yeah.. A hotel & residential.. Likely one of those high end combos like a Ritz & Residences? Edited January 24, 2015 by cloud713 2 Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted January 24, 2015 Share Posted January 24, 2015 Nice to hear there still may be some movement on this project...although there is a lot of planned hotel in Uptown right now. Landry's is laying the utilities needed to support theirs. Of course, there is also the long-rumored W in Uptown Park. 3 Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted January 25, 2015 Share Posted January 25, 2015 The hotel is signed and there will be apartments on top. That said, don't look for a Ritz or a W. It's going to likely be a local boutique brand is what I am hearing. 2 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted January 25, 2015 Share Posted January 25, 2015 The hotel is signed and there will be apartments on top. That said, don't look for a Ritz or a W. It's going to likely be a local boutique brand is what I am hearing.a local boutique brand?? crazy they can afford to build something this big. i wonder who is a large enough local to build that? Midway doesnt have anything in Uptown yet do they? maybe they are trying to hit all the major markets in town.. Quote Link to comment Share on other sites More sharing options...
Fortune Posted January 25, 2015 Share Posted January 25, 2015 Well Redstone Cos. owns The Houstonian so maybe it will be a extension of the Houstonian Hotel. 3 Quote Link to comment Share on other sites More sharing options...
monarch Posted January 25, 2015 Share Posted January 25, 2015 Well Redstone Cos. owns The Houstonian so maybe it will be a extension of the Houstonian Hotel.^^^ this. x1000 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted January 25, 2015 Share Posted January 25, 2015 (edited) Hotel Icon...Just kidding I have no idea.Edit: I realize this joke wasn't funny to anyone who knows it's owned by Marriott. Edited January 25, 2015 by Montrose1100 2 Quote Link to comment Share on other sites More sharing options...
swtsig Posted January 25, 2015 Share Posted January 25, 2015 The hotel is signed and there will be apartments on top. That said, don't look for a Ritz or a W. It's going to likely be a local boutique brand is what I am hearing.Interesting, I had heard it would more than likely be a larger flag hotel as opposed to Redstone or something more boutique. Granted this was in October give or take. Quote Link to comment Share on other sites More sharing options...
lockmat Posted January 25, 2015 Author Share Posted January 25, 2015 Boutique usually means it won't be very big. 2 Quote Link to comment Share on other sites More sharing options...
Sky-guy Posted January 26, 2015 Share Posted January 26, 2015 (edited) I hope the design doesn't change: Edited January 26, 2015 by Sky-guy 6 Quote Link to comment Share on other sites More sharing options...
monarch Posted January 26, 2015 Share Posted January 26, 2015 actually the above design favors a W HOTEL brand rather than a redstone brand. maybe i'm just dreaming.... 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted March 2, 2015 Popular Post Share Posted March 2, 2015 http://zieglercooper.com/confidential-mixed-use-development/ \\ This high-density, mixed-use project will include an office tower adjacent to a 36-story apartment/hotel. The office portion will be a 29-story, 367,000-s.f. boutique, podium-style building with eight levels of above-grade parking and 4,600 s.f. of retail at the ground level. The development is being designed to meet USGBC requirements, and is striving to achieve LEED Gold. 18 Quote Link to comment Share on other sites More sharing options...
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