Urbannizer Posted August 6, 2014 Author Share Posted August 6, 2014 7/30 from Mathis Group FB Page: Link to comment Share on other sites More sharing options...
swtsig Posted August 6, 2014 Share Posted August 6, 2014 i really really like the fact that we are seeing a widespread transition in most developments away from stucco to masonry and stone... it looks so much better. Link to comment Share on other sites More sharing options...
Nole23 Posted August 6, 2014 Share Posted August 6, 2014 Great pics. Have people started moving in yet? Link to comment Share on other sites More sharing options...
Avossos Posted August 6, 2014 Share Posted August 6, 2014 i really really like the fact that we are seeing a widespread transition in most developments away from stucco to masonry and stone... it looks so much better. have we? Most of the midrise stuff is a mixture of stucco and brick. I agree though - it does look tons better. I hope that large live oak survives. I also wish developers would plant trees that arent just live oaks. Yes, they are easy to take care of, but a mixture of trees would be most fitting for Houston. Link to comment Share on other sites More sharing options...
bobruss Posted August 6, 2014 Share Posted August 6, 2014 At least in some areas thelandscaping is becoming more varied. Look at Upper Kirby with Bald Cyprus, and cotswoldwith Sycamore, Bald cyprus and maples I believe. Hopefully this will translate to more varieties amongst landscapes formany more of these developments. I too hope they use more stone and masonry. Besides looking nicer and more substantial it seems to weather much better. Show me a stucco apartment building and in two years it will be in repairs. They just don't install correctly and its just not made for this climate. Link to comment Share on other sites More sharing options...
monarch Posted August 6, 2014 Share Posted August 6, 2014 with all of the high quality intricate exterior details, this edifice must have been super costly. just saying... Link to comment Share on other sites More sharing options...
Urbannizer Posted August 7, 2014 Author Share Posted August 7, 2014 Great pics. Have people started moving in yet? Move-ins begin September 1st. Link to comment Share on other sites More sharing options...
Slick Vik Posted August 29, 2014 Share Posted August 29, 2014 Only 70 units leased so far. Link to comment Share on other sites More sharing options...
Avossos Posted August 29, 2014 Share Posted August 29, 2014 Only 70 units leased so far.Out of 300? These bigger more expensive apartments tend to take a little while before filling up Link to comment Share on other sites More sharing options...
Slick Vik Posted August 29, 2014 Share Posted August 29, 2014 Out of 300? These bigger more expensive apartments tend to take a little while before filling upI guess but could be a sign also of plateauing demand. Or just a sign the prices are too high for most to consider. Link to comment Share on other sites More sharing options...
Avossos Posted August 29, 2014 Share Posted August 29, 2014 I guess but could be a sign also of plateauing demand. Or just a sign the prices are too high for most to consider. I do not know the prices, but they may be high... they are removing tons of affordable apartments and replacing them with ultra luxury units. One Park Place took a very long time to fill up. and that was built years ago... I think demand is high, but these companies are trying to squeeze out everything they can from residents, in order to take advantage of this boom. I think when more and more units open up, prices will settle into the right spot. I am not tying to be argumentative, but I am not concerned. Link to comment Share on other sites More sharing options...
Houston19514 Posted August 29, 2014 Share Posted August 29, 2014 Not sure that having 70/300 apartments leased before the building even opens is a bad thing (if it's even true). I know apartment managers do not want all of their apartments (or even most) leased in one fell swoop. Link to comment Share on other sites More sharing options...
fernz Posted August 29, 2014 Share Posted August 29, 2014 Not sure that having 70/300 apartments leased before the building even opens is a bad thing (if it's even true).I know apartment managers do not want all of their apartments (or even most) leased in one fell swoop.Exactly. 23% of units leased out before opening is actually a good thing. It takes about a year to stabilize a building like this. Link to comment Share on other sites More sharing options...
Fortune Posted August 29, 2014 Share Posted August 29, 2014 Only 70 units leased so far.Only 70 ? That's a good amount of units pre-leased. Link to comment Share on other sites More sharing options...
Triton Posted August 29, 2014 Share Posted August 29, 2014 I do not know the prices, but they may be high... they are removing tons of affordable apartments and replacing them with ultra luxury units. One Park Place took a very long time to fill up. and that was built years ago...I think demand is high, but these companies are trying to squeeze out everything they can from residents, in order to take advantage of this boom. I think when more and more units open up, prices will settle into the right spot. I am not tying to be argumentative, but I am not concerned.Rents are getting higher across the board because of the broad demand. One Park Place is a unique story since a good portion of the units are second homes for people. Honestly, 70-some units doesn't sound bad at all, IMO, if the total is 300-some units.Edit: plus One Park Place was built much closer to the recession. Link to comment Share on other sites More sharing options...
Slick Vik Posted August 29, 2014 Share Posted August 29, 2014 I do not know the prices, but they may be high... they are removing tons of affordable apartments and replacing them with ultra luxury units. One Park Place took a very long time to fill up. and that was built years ago...I think demand is high, but these companies are trying to squeeze out everything they can from residents, in order to take advantage of this boom. I think when more and more units open up, prices will settle into the right spot. I am not tying to be argumentative, but I am not concerned.I agree with you. At some point supply will meet demand. Link to comment Share on other sites More sharing options...
mollusk Posted August 29, 2014 Share Posted August 29, 2014 Rents are getting higher across the board because of the broad demand. One Park Place is a unique story since a good portion of the units are second homes for people. Honestly, 70-some units doesn't sound bad at all, IMO, if the total is 300-some units.Edit: plus One Park Place was built much closer to the recession. Agreed. I'm not in that business, but 20 - 25% pre leasing on a high end project doesn't sound too shabby. Link to comment Share on other sites More sharing options...
swtsig Posted August 29, 2014 Share Posted August 29, 2014 23% pre-leasing is a solid number... fernz is right in that it usually takes 1-2 years to stabilize. Link to comment Share on other sites More sharing options...
editor Posted August 29, 2014 Share Posted August 29, 2014 This thread has been pruned because Metro West and Slick Vik were bickering like an old married couple. Keep it on topic, or the thread will be closed and your posting privileges curtailed. Link to comment Share on other sites More sharing options...
Subdude Posted August 29, 2014 Share Posted August 29, 2014 ....and it will continue to be pruned as necessary.. Link to comment Share on other sites More sharing options...
Slick Vik Posted August 29, 2014 Share Posted August 29, 2014 I do not know the prices, but they may be high... they are removing tons of affordable apartments and replacing them with ultra luxury units. One Park Place took a very long time to fill up. and that was built years ago...I think demand is high, but these companies are trying to squeeze out everything they can from residents, in order to take advantage of this boom. I think when more and more units open up, prices will settle into the right spot. I am not tying to be argumentative, but I am not concerned.That's the million dollar question. By the end of this year several thousand more apartments will be open, and I think by early next year supply may hit demand. But I may be wrong. Link to comment Share on other sites More sharing options...
toxtethogrady Posted August 30, 2014 Share Posted August 30, 2014 That's the million dollar question. By the end of this year several thousand more apartments will be open, and I think by early next year supply may hit demand. But I may be wrong. With absorption at 21,000 units a year and completions at 18,000 a year, we're going to need ten more Sovereigns just to meet this year's demand. After all 140,000 new residents have to live somewhere... Link to comment Share on other sites More sharing options...
LarryDierker Posted September 1, 2014 Share Posted September 1, 2014 IMG_1132 by Not.Larry.Dierker, on Flickr Link to comment Share on other sites More sharing options...
largeTEXAS Posted September 17, 2014 Share Posted September 17, 2014 About 5 fire trucks at the Sovereign right now. Few ambulances there too. About 5 fire trucks at the Sovereign right now. Few ambulances there too. Link to comment Share on other sites More sharing options...
Slick Vik Posted September 17, 2014 Share Posted September 17, 2014 A transformer blew up. Nearby area lost power much of the night. Link to comment Share on other sites More sharing options...
Urbannizer Posted September 22, 2014 Author Share Posted September 22, 2014 From the FB Page Link to comment Share on other sites More sharing options...
monarch Posted September 22, 2014 Share Posted September 22, 2014 geez... no wonder THE SOVEREIGN took forever to construct, the extracurricular detailing is incredible. outstanding work! Link to comment Share on other sites More sharing options...
Purdueenginerd Posted September 23, 2014 Share Posted September 23, 2014 I like the vertical lighting at night. Nice detail Link to comment Share on other sites More sharing options...
lockmat Posted December 6, 2014 Share Posted December 6, 2014 I don't want to get the guy in trouble, but I found someone on linkedin that has been working with a company for the last five months and one of his responsibilities is leasing 400k of retail and restaurants for Regent Square. In addition, I am spearheading the leasing of 400,000 square feet of shops and restaurants in GID's Regent Square development; Houston’s premier mixed-use development and its first truly pedestrian-oriented city district. Also, as of August, the city of Houston still seems to be anticipating it. page 75 & 76 http://www.houstontx.gov/planning/mobility/MTFP_14/PC_Action/Presentation_Aug14.pdfalsohttp://www.houstontx.gov/planning/mobility/MTFP_14/PC_Action/G.1-39_IWL_PCAction.pdf Link to comment Share on other sites More sharing options...
MikeRichardson Posted December 10, 2014 Share Posted December 10, 2014 The map on page 75 in this PDF very curious. http://www.houstontx.gov/planning/mobility/MTFP_14/PC_Action/Presentation_Aug14.pdf The recent plats map has three shapes with a circled "1", which indicates that these areas are Regent Square plats. One of the shapes is shaded in yellow, to indicate it has some kind of structure dating back to the 70's or 80's. The primary structure on that plat is the last remaining "big" Allen House apartment building. Right now it's also one of the last three remaining big buildings that Swain & Houck built. When 2220 Westcreek comes down, there will be just two. I have no particularly strong sentimentality to the S&H apartment buildings, but I do find it at least curious, that their buildings in particular have been such attractive acquisition targets for the bulldozer (in some cases, leaving behind vacant land (and steady rental payments) for up to 5 years before making use of it again). Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.