htownproud Posted May 11, 2017 Share Posted May 11, 2017 21 hours ago, bobruss said: Shell Shell 2 Pennzoil Place Texas Commerce Republic Bank Callpine BG 609 Main Aris 801 Texas Ave. (Chronicle site) Pretty good track record for downtown ! Also 1100 Louisiana (Enterprise) 2 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted May 11, 2017 Share Posted May 11, 2017 1 hour ago, DrLan34 said: The unit in the video is about $3,250/month if I remember correctly (2-2). That is effective rent after their current move in special (3 months free on a 13 month lease). Also, if you sign before June 1st, you get an additional $1,000 off for the entire lease (about $75/month). Floors 10-16 will be open by about June 15th. Amenities on 9 as previously stated. Those are some crazy concessions. 1 Quote Link to comment Share on other sites More sharing options...
bobruss Posted May 11, 2017 Share Posted May 11, 2017 5 hours ago, htownproud said: Also 1100 Louisiana (Enterprise) Your absolutely right. I thought there was one more but wasn't sure if it was 1100 louisiana or Tenneco, both designed by SOM. As a matter of fact that whole section of town is nicknamed Skid Row because they were all designed by Skidmore Owings and Merril: Alled Bank now Wells Fargo, Tenneco now Kinder 1100 Louisiana Shell 1 Shell 2 1 Quote Link to comment Share on other sites More sharing options...
Popular Post brijonmang Posted May 12, 2017 Popular Post Share Posted May 12, 2017 Sorry for the delay! Was this what you had in mind, @bobruss? 39 Quote Link to comment Share on other sites More sharing options...
bobruss Posted May 12, 2017 Share Posted May 12, 2017 Wow now thats what I'm talking about. Fantastic shot. Thanks 2 Quote Link to comment Share on other sites More sharing options...
Angostura Posted May 12, 2017 Share Posted May 12, 2017 22 hours ago, H-Town Man said: Those are some crazy concessions. Works out to $2450/mo, which, after 13 months, kicks up to $3250, which is more than PITI on a $500,000 house. I understand the strategy of offering free rent instead of just lowering the rate to $2450: no one values the apartment more than the person living in it (there are costs associated with moving). But I wonder how many people move out after the lease is up. I wonder if you can negotiate a diplomatic clause into one of those leases. 2 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted May 12, 2017 Share Posted May 12, 2017 3 hours ago, Angostura said: Works out to $2450/mo, which, after 13 months, kicks up to $3250, which is more than PITI on a $500,000 house. I understand the strategy of offering free rent instead of just lowering the rate to $2450: no one values the apartment more than the person living in it (there are costs associated with moving). But I wonder how many people move out after the lease is up. I wonder if you can negotiate a diplomatic clause into one of those leases. As I understand, free rent is preferred over lowered rent because (1) it is easier to make someone renew at the same rate they have been paying, and (2) since sale price is typically a function of operating income, you want your operating income to be as high as possible down the road, even if that means taking a loss for a few months near-term. This may be what you had in mind, I just didn't quite understand your explanation. Quote Link to comment Share on other sites More sharing options...
BeerNut Posted May 12, 2017 Share Posted May 12, 2017 2 hours ago, H-Town Man said: As I understand, free rent is preferred over lowered rent because (1) it is easier to make someone renew at the same rate they have been paying, and (2) since sale price is typically a function of operating income, you want your operating income to be as high as possible down the road, even if that means taking a loss for a few months near-term. This may be what you had in mind, I just didn't quite understand your explanation. I spoke with my girlfriend that sets rent pricing(not Houston market). She said "Under ideal situations you offer concessions(free rent) before a sale. In the Houston market it's probably due to rent projections during funding and matching what the competition is doing." 1 Quote Link to comment Share on other sites More sharing options...
CREguy13 Posted May 12, 2017 Share Posted May 12, 2017 19 hours ago, brijonmang said: Sorry for the delay! Was this what you had in mind, @bobruss? The density from Alexan Downtown, 500 Crawford, and the Catalyst looks great in this picture. 7 Quote Link to comment Share on other sites More sharing options...
samagon Posted May 12, 2017 Share Posted May 12, 2017 I was imagining that the area between all the office buildings and the baseball stadium would never fill in, but it's done now. There's still some really great lots that are just surface lots that will go very quickly in the next round of action. 3 Quote Link to comment Share on other sites More sharing options...
Popular Post hindesky Posted May 29, 2017 Popular Post Share Posted May 29, 2017 Park facing Main St. 21 Quote Link to comment Share on other sites More sharing options...
amashgo Posted May 31, 2017 Share Posted May 31, 2017 On 5/11/2017 at 9:08 AM, Houston19514 said: WTF? Who is this watergonzalez and why is he recording and broadcasting what is clearly false information? As Dr. Lan said, the unit in the video is closer to $3250 per month. There is not a unit of any size in the building for which they are asking $13,000 per month, let alone $20,000. (The most expensive unit I can find is a 3 bed/3 bath on the 32nd floor (larger and higher than the unit in the video) for which they are asking $9,400 per month. Expensive, yes. $13-20,000 per month for a mid-level 2 bed/2 bath? NFW. Yeah, thats horrible misinformation. I'm surprised the one 3/3 unit came in at $9,400 a month. When that was talked about during development they were talking between $7-$8k/month. Guess they think they can fill it. In their defense it is the only unit like that and its got a damn nice view and tons of private patio space. 4 Quote Link to comment Share on other sites More sharing options...
Popular Post adr Posted June 2, 2017 Popular Post Share Posted June 2, 2017 Nearing completion of the north-facing facade. Aris is a great addition to the neighborhood. Fits in perfectly. Bravo Hines, Bravo! 14 Quote Link to comment Share on other sites More sharing options...
rechlin Posted June 8, 2017 Share Posted June 8, 2017 Lots of active work still on the pocket park; it's hard to even photograph it all. A bunch of trees inside, and some brickwork along the sidewalk. 7 Quote Link to comment Share on other sites More sharing options...
cspwal Posted June 8, 2017 Share Posted June 8, 2017 Stupid question: is this park going to be open for the public? On a related note, the empty lot next to the Holiday Inn downtown (where the demolished Savoy building was) was originally rumored to be a park, but it's just fenced off. I saw some people in there though measuring 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted June 8, 2017 Share Posted June 8, 2017 2 minutes ago, cspwal said: Stupid question: is this park going to be open for the public? On a related note, the empty lot next to the Holiday Inn downtown (where the demolished Savoy building was) was originally rumored to be a park, but it's just fenced off. I saw some people in there though measuring Not a stupid question at all. I don't think we really know. At least at one point there was some information suggesting it would be primarily outdoor dining space for a ground floor restaurant. 1 Quote Link to comment Share on other sites More sharing options...
bobruss Posted June 8, 2017 Share Posted June 8, 2017 I think this is just landscaping for the Ari's entrance on Main street. They just wanted to spruce it up and create a little green space coming into the tower. 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted June 8, 2017 Share Posted June 8, 2017 (edited) From the web site advertising the available retail space: Additionally, there will be a 4,200 SF “pocket park” for that will open out onto Main street, which will offer restaurant patrons an exceptional urban restaurant experience. On the other hand, the Aris residential website also includes a "private park with direct access to Metro Rail" on their list of amenities. It may end up depending on the response they get from potential restaurant tenants. And I suppose there is no reason it can't be both a "private park" (in developer-speak) and al fresco restaurant dining space. Edited June 8, 2017 by Houston19514 3 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted June 8, 2017 Share Posted June 8, 2017 2 hours ago, cspwal said: Stupid question: is this park going to be open for the public? On a related note, the empty lot next to the Holiday Inn downtown (where the demolished Savoy building was) was originally rumored to be a park, but it's just fenced off. I saw some people in there though measuring Its a small space with cinderblock walls (bricked over) along Main Street with 3 openings that I presume will house metalwork fencing and a gate. Unfortunately with the homeless problem downtown, they probably had to do this to keep the riff raff out. 1 Quote Link to comment Share on other sites More sharing options...
mollusk Posted June 8, 2017 Share Posted June 8, 2017 32 minutes ago, Houston19514 said: From the web site advertising the available retail space: Additionally, there will be a 4,200 SF “pocket park” for that will open out onto Main street, which will offer restaurant patrons an exceptional urban restaurant experience. On the other hand, the Aris residential website also includes a "private park with direct access to Metro Rail" on their list of amenities. It may end up depending on the response they get from potential restaurant tenants. And I suppose there is no reason it can't be both a "private park" (in developer-speak) and al fresco restaurant dining space. "Private park" doesn't necessarily mean closed to the public. The little space on the NW corner of what is now becoming the Capitol Tower lobby had a little plaque mentioning that it was a private park, but it had no physical barriers to entry. 2 Quote Link to comment Share on other sites More sharing options...
jmitch94 Posted June 8, 2017 Share Posted June 8, 2017 Quote The ground level accommodates retail space, the residential lobby, and a private pocket park courtyard space, which will be accessible from both the residential lobby and from the adjacent ground-floor retail space for outdoor dining. May not be open to the public. 1 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted June 9, 2017 Share Posted June 9, 2017 7 hours ago, mollusk said: "Private park" doesn't necessarily mean closed to the public. The little space on the NW corner of what is now becoming the Capitol Tower lobby had a little plaque mentioning that it was a private park, but it had no physical barriers to entry. I don't see why they would go through the effort of constructing the cinderblock walls if they didn't plan on putting a gate there. Maybe Amashgo can chime in, but I would say they're going to fill in the gap with a keypad gate type set up. Otherwise, the wall is just one more place for homeless people to make shelter behind, and would unnecessarily confine the already small space. 5 Quote Link to comment Share on other sites More sharing options...
DrLan34 Posted June 9, 2017 Share Posted June 9, 2017 (edited) I was told during a hard hat tour that this park would be physically closed off to the public. Edited June 9, 2017 by DrLan34 1 Quote Link to comment Share on other sites More sharing options...
kbates2 Posted June 9, 2017 Share Posted June 9, 2017 Sucks, would have been a cool restaurant patio. We need more patios and rooftops open to the public downtown. 3 Quote Link to comment Share on other sites More sharing options...
samagon Posted June 9, 2017 Share Posted June 9, 2017 (edited) Private Pocket Park, the good ole triple P. If I were a restaurant, I don't think I'd want the patio I'm using for dining to be an entry/exit, but then I guess that might be mixed into the lease cost, and having a walled garden sheltering my dinner guests would be a plus. I'm thinking about Market Square Bar and Grill (right next to treebeards). There's a courtyard behind their space, it's very nice and cozy, I think they can do more with it, but it's still great. Edited June 9, 2017 by samagon 1 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted June 9, 2017 Share Posted June 9, 2017 10 hours ago, cloud713 said: I don't see why they would go through the effort of constructing the cinderblock walls if they didn't plan on putting a gate there. Maybe Amashgo can chime in, but I would say they're going to fill in the gap with a keypad gate type set up. Otherwise, the wall is just one more place for homeless people to make shelter behind, and would unnecessarily confine the already small space. It'll be a taste of the Houston suburbs, right on Main Street downtown... 2 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted June 10, 2017 Share Posted June 10, 2017 (edited) 9 hours ago, H-Town Man said: It'll be a taste of the Houston suburbs, right on Main Street downtown... Haha. Sadly, that's not even exclusively to the suburbs in Houston. Unfortunately the walled off/fenced nonsense is as close in as Midtown.. "Let's build a bunch of townhouses in the inner city.. while we're at it, let's throw a fence around the whole site!" edited to say I totally understand why Hines is doing that. This would be a great nook for homeless to set up camp. Until the city gets more serious about the homeless issue in Houston, expect to keep seeing this in high end residential projects. Edited June 10, 2017 by cloud713 2 Quote Link to comment Share on other sites More sharing options...
Popular Post andre154 Posted June 15, 2017 Popular Post Share Posted June 15, 2017 11 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted June 16, 2017 Share Posted June 16, 2017 Sheesh, I love this project, but is any aspect of it not subsidized? Maybe the gated park... 2 Quote Link to comment Share on other sites More sharing options...
Nate99 Posted June 16, 2017 Share Posted June 16, 2017 12 hours ago, H-Town Man said: Sheesh, I love this project, but is any aspect of it not subsidized? Maybe the gated park... Unless I'm losing count, this would be the third "food hall" in a 3-ish block radius (lyric garage and the one below Prohibition being the other two). That's a lot of "catalyst" to get the intended reaction up to critical. Quote Link to comment Share on other sites More sharing options...
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