swtsig Posted October 19, 2014 Share Posted October 19, 2014 They also claim they will start without presales (and even that their lender will agree to it). Either their lender has a lot of confidence, or the builder is pulling our leg. Truth be told their lender probably has that much confidence. Houston may have the strongest residential market in the country and there's been a strong push from equity players towards condo. Link to comment Share on other sites More sharing options...
fernz Posted October 19, 2014 Share Posted October 19, 2014 I bet their lender is not a bank. Probably some wealthy individual. Link to comment Share on other sites More sharing options...
houstontexasjack Posted October 19, 2014 Share Posted October 19, 2014 There is a substantial shortage of single family, and condos don't burn as much square footage on staircases as do townhomes. Nice to see a lender that may want to move in this direction. Link to comment Share on other sites More sharing options...
houstontexasjack Posted October 19, 2014 Share Posted October 19, 2014 I suppose, given the price range of these condos, that Fannie Mae and FHA approval for the condo project would not be an issue. Presales help the condo to meet Fannie Mae guidelines for conforming loans. For most lenders looking to sell on the secondary market, meeting Fannie Mae guidelines is a must. If Fannie Mae guidelines are not an issue, there would be more flexibility. Link to comment Share on other sites More sharing options...
toxtethogrady Posted October 19, 2014 Share Posted October 19, 2014 I bet their lender is not a bank. Probably some wealthy individual. Then again, they may be counting on EB-5 visa seekers to fund it. Link to comment Share on other sites More sharing options...
Dakota79 Posted October 20, 2014 Share Posted October 20, 2014 Then again, they may be counting on EB-5 visa seekers to fund it.I have friends in his Highland Tower and they love his quality and service. I think the Bland Family project will do well. Link to comment Share on other sites More sharing options...
cloud713 Posted January 25, 2015 Share Posted January 25, 2015 Link to comment Share on other sites More sharing options...
monarch Posted January 25, 2015 Share Posted January 25, 2015 perfect development... perfect name / moniker... perfect location... Link to comment Share on other sites More sharing options...
Montrose1100 Posted January 25, 2015 Share Posted January 25, 2015 I think this is the first time I've seen the rendering. Link to comment Share on other sites More sharing options...
Urbannizer Posted January 29, 2015 Author Share Posted January 29, 2015 SubdivisionPlatPDF_V501-FP-30680-Preliminary.pdf Link to comment Share on other sites More sharing options...
Montrose1100 Posted January 29, 2015 Share Posted January 29, 2015 I think this is the first time I've seen the rendering.I'm a moron. The rendering looks different from the original on the first page. Link to comment Share on other sites More sharing options...
Urbannizer Posted February 13, 2015 Author Share Posted February 13, 2015 The project will break ground in May:Â http://www.bizjournals.com/houston/news/2015/02/13/galleria-area-luxury-condo-tower-to-break-ground.html Link to comment Share on other sites More sharing options...
placoors Posted February 13, 2015 Share Posted February 13, 2015 Another story in the Chron this evening: http://www.houstonchronicle.com/business/columnists/sarnoff/article/Luxury-tower-to-be-built-near-Galleria-50-oil-6079880.php  Link to comment Share on other sites More sharing options...
cloud713 Posted February 17, 2015 Share Posted February 17, 2015 It's official.. WestCreek is Houstons most exciting neighborhood! Lol Link to comment Share on other sites More sharing options...
MikeRichardson Posted February 25, 2015 Share Posted February 25, 2015 Interesting how these guys are trading the little bits of land among themselves. From what I understood, Pelican originally had the land at 2220 Westcreek, for a mid-rise. Now that land belongs to Gables - but no worries, Pelican's got another spot right across the street now. Link to comment Share on other sites More sharing options...
Urbannizer Posted March 20, 2015 Author Share Posted March 20, 2015 Â Â Â Â Link to comment Share on other sites More sharing options...
monarch Posted March 20, 2015 Share Posted March 20, 2015 beautiful renders! Â props for sharing urbannizer. Link to comment Share on other sites More sharing options...
Naviguessor Posted March 20, 2015 Share Posted March 20, 2015 Nice Scale.  Link to comment Share on other sites More sharing options...
toxtethogrady Posted March 25, 2015 Share Posted March 25, 2015 So is anything happening behind the fence? Link to comment Share on other sites More sharing options...
Timoric Posted March 26, 2015 Share Posted March 26, 2015 - Link to comment Share on other sites More sharing options...
cloud713 Posted March 26, 2015 Share Posted March 26, 2015 toxteth, its supposed to break ground in May. Link to comment Share on other sites More sharing options...
Urbannizer Posted April 11, 2015 Author Share Posted April 11, 2015 Sales center opens April 22nd. Â Â Â Â Â Â Â Link to comment Share on other sites More sharing options...
Montrose1100 Posted April 11, 2015 Share Posted April 11, 2015 Sales center opens April 22nd. I need a towel. Link to comment Share on other sites More sharing options...
monarch Posted April 12, 2015 Share Posted April 12, 2015 these illustrations are simply gorgeous! Â looks like something right out of los angeles. Â this is going to rock..... Link to comment Share on other sites More sharing options...
ArchFan Posted April 13, 2015 Share Posted April 13, 2015 their pre-sales are impressive, especially considering the recent tendency locally to slide into a gloom-and-doom attitude.  i think they will do well. Link to comment Share on other sites More sharing options...
Dakota79 Posted April 13, 2015 Share Posted April 13, 2015 Sales center opens April 22nd. Alert Randall! No Marlowe man! Link to comment Share on other sites More sharing options...
Urbannizer Posted April 15, 2015 Author Share Posted April 15, 2015 Tossing in more renderings to enjoy. Â Â Â Â Â Â Â Â Link to comment Share on other sites More sharing options...
TowerSpotter Posted April 15, 2015 Share Posted April 15, 2015 So many renderings...but no rendering showing the south part. Link to comment Share on other sites More sharing options...
rechlin Posted April 15, 2015 Share Posted April 15, 2015 TowerSpotter, Â Something like this, I'm sure: Â Link to comment Share on other sites More sharing options...
Triton Posted April 15, 2015 Share Posted April 15, 2015 Link to comment Share on other sites More sharing options...
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