Houston19514 Posted October 24, 2017 Share Posted October 24, 2017 Construction set to start in March 2018. 3 Quote Link to comment Share on other sites More sharing options...
bobruss Posted October 24, 2017 Share Posted October 24, 2017 Good news! SomethingThat I find interesting is the fact that despite the big construction boom slowly coming to an end, we are continuing to see new condo and mixed use projects still being announced and some developed. In the old days a boom would just come to a screeching halt and nothing else would be built until the next cycle. This time there seems to be a consistent growth albeit much smaller than our last boom, but very nice to see. The city seems to have overcome two major hurdles in this current cycle. The downturn of the oil business and the over development of apartments. Maybe this last flood has given mor people reason to move into high rises. 3 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted October 26, 2017 Share Posted October 26, 2017 On 10/24/2017 at 4:01 PM, bobruss said: Good news! SomethingThat I find interesting is the fact that despite the big construction boom slowly coming to an end, we are continuing to see new condo and mixed use projects still being announced and some developed. In the old days a boom would just come to a screeching halt and nothing else would be built until the next cycle. This time there seems to be a consistent growth albeit much smaller than our last boom, but very nice to see. The city seems to have overcome two major hurdles in this current cycle. The downturn of the oil business and the over development of apartments. Maybe this last flood has given mor people reason to move into high rises. There is a global boom in real estate, due to rich people needing a place to put their money that promises growth. Same reason the stock market's growing despite so-so economic times. Combine that with a massive increase in the wealth of the wealthiest (over 1,500 billionaires in the world now) and it is a good time for real estate. 3 Quote Link to comment Share on other sites More sharing options...
Timoric Posted October 26, 2017 Share Posted October 26, 2017 (edited) - Edited July 11, 2019 by Timoric 2 Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted October 26, 2017 Share Posted October 26, 2017 (edited) The global boom in real estate is also driven by folks who need to get their money out of its native currency. Asset appreciation is not especially important. Even losing some money isn’t important. What is important is having a tangible asset that is priced in a few stable currencies. if you are a Russian or Chinese billionaire who has executed Balzac perfectly: “Behind every great fortune lies a great crime”, Then, getting your money out of Rubbles or RMB and into a tangible asset priced in dollars (or pounds) is very important. Edited October 26, 2017 by UtterlyUrban 4 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted October 27, 2017 Share Posted October 27, 2017 14 hours ago, UtterlyUrban said: The global boom in real estate is also driven by folks who need to get their money out of its native currency. Asset appreciation is not especially important. Even losing some money isn’t important. What is important is having a tangible asset that is priced in a few stable currencies. if you are a Russian or Chinese billionaire who has executed Balzac perfectly: “Behind every great fortune lies a great crime”, Then, getting your money out of Rubbles or RMB and into a tangible asset priced in dollars (or pounds) is very important. What I've never understood is why they can't just put that money in a foreign bank account, if their only concern is to get it out of the country. I guess it can more easily be seized or frozen that way? Or is it just that it's not appreciating as much? Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted October 27, 2017 Share Posted October 27, 2017 7 hours ago, H-Town Man said: What I've never understood is why they can't just put that money in a foreign bank account, if their only concern is to get it out of the country. I guess it can more easily be seized or frozen that way? Or is it just that it's not appreciating as much? Given that I have $12 to my name, international money transfers are not my forte. That said, there are a host of international money laundering treaties/restrictions, reporting of foreign bank accounts, etc as well as “foreign currency” transaction restrictions (China) that likely play a role. That said, I read somewhere that countries — UK I think (US too?) are requiring a host of disclosures on foreign real estate buyers since governments see what is going on —- a significant amount of this is not “free flow of capital” but “laundering” and some are cracking down. 2 Quote Link to comment Share on other sites More sharing options...
Timoric Posted November 1, 2017 Share Posted November 1, 2017 (edited) - Edited July 11, 2019 by Timoric 2 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted November 10, 2017 Share Posted November 10, 2017 We can expect more residential high-rises from Weingarten. https://www.bizjournals.com/houston/news/2017/11/01/weingarten-ceo-i-could-see-us-developing-several.html Houston-based Weingarten Realty Investors' first high-rise residential tower doesn't break ground for another five months, but its CEO is already looking toward developing more multifamily projects in Houston. I could see several more towers over ... an extended period of time," Alexander said. "The only thing that we would do (other) than retail development is densify our properties." Alexander said the company has mulled the possibility of adding a residential component to its Trader Joe's-anchored Alabama Shepherd Shopping Center, but that the project wouldn't make sense "for a whole bunch of reasons." Weingarten has also explored adding residential to its Centre at Post Oak retail center that offers a Nordstrom Rack, Old Navy and Morton's Steakhouse. Some things would have to line up at that property, Alexander said, but adding residential is certainly a possibility. Weingarten's Stella Link Shopping Center near the Texas Medical Center also lends itself to residential, too, he said. "Over an extended period of time, I think we continue to densify," Alexander said. Weingarten would only develop residential projects that connect to its existing retail projects, he said, in-part due to the fact that the company is publicly traded. 7 Quote Link to comment Share on other sites More sharing options...
swtsig Posted November 10, 2017 Share Posted November 10, 2017 They've kicked around densifying their Post Oak property for quite a while... had a friend do some work for them on it at least 7-8 yrs ago, maybe 10. Glad they don't think their TJ property on west bama/shepherd is a candidate... a large redevelopment and subsequent high rise would be a nightmare there. Did we we know they bought the chase bank building site on west gray next to Krogers? 4 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted November 21, 2017 Share Posted November 21, 2017 http://zieglercooper.com/the-driscoll-2/ 6 Quote Link to comment Share on other sites More sharing options...
Twinsanity02 Posted November 21, 2017 Share Posted November 21, 2017 Breaking ground in March or April 2018 correct? 3 Quote Link to comment Share on other sites More sharing options...
skooljunkie Posted February 7, 2018 Share Posted February 7, 2018 Doesn't seem like it. It looks like they consider that portion a separate property--notice there is a drop down above that allows you to pick the Kroger area (Loc. 20005) 2 Quote Link to comment Share on other sites More sharing options...
tormina Posted February 8, 2018 Share Posted February 8, 2018 Kroger just has its separate plan view, I don't think it is coming up for lease. For some reason it doesn't let me upload but just choose 20005 from the pulldown menu. 1 Quote Link to comment Share on other sites More sharing options...
jgriff Posted February 9, 2018 Share Posted February 9, 2018 Can’t figure out what you are talking about. Nothing on the website seems to indicate any activity at the Kroger site. Where are guys seeing this? What selection on the drop down is specific to the Kroger area? Quote Link to comment Share on other sites More sharing options...
jgriff Posted February 9, 2018 Share Posted February 9, 2018 Are you taking about the pull down menu on the website referenced above? I see nothing called 20005. 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted February 9, 2018 Share Posted February 9, 2018 (edited) 4 hours ago, jgriff said: Are you taking about the pull down menu on the website referenced above? I see nothing called 20005. http://weingartenrealty.propertycapsule.com/properties/property/riveroaksshoppingcenter/id:1560/sitemap_id:6660/#plans Edited February 9, 2018 by Houston19514 1 Quote Link to comment Share on other sites More sharing options...
CREguy13 Posted February 10, 2018 Share Posted February 10, 2018 so the entire building is coming up for lease..? 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted February 11, 2018 Share Posted February 11, 2018 On 2/9/2018 at 7:57 PM, CREguy13 said: so the entire building is coming up for lease..? I haven't seen any reason to think that 1 Quote Link to comment Share on other sites More sharing options...
jgriff Posted February 11, 2018 Share Posted February 11, 2018 On 2/9/2018 at 0:37 PM, Houston19514 said: http://weingartenrealty.propertycapsule.com/properties/property/riveroaksshoppingcenter/id:1560/sitemap_id:6660/#plans I’m not seeing anything at that link that indicated anything new or any activity regarding Kroger. 1 Quote Link to comment Share on other sites More sharing options...
jgriff Posted February 25, 2018 Share Posted February 25, 2018 I’m still not sure why we’re taking about Kroger here. If there is evidence of activity with that site please post it. I’d be very interested in seeing it. Heavy equipment is behind Sur La Table this week tearing up all the parking. 4 Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted March 27, 2018 Popular Post Share Posted March 27, 2018 http://swamplot.com/new-construction-barricades-herald-pending-arrival-of-river-oaks-shopping-centers-biggest-corner-tower-yet/2018-03-22/ 15 Quote Link to comment Share on other sites More sharing options...
hindesky Posted April 1, 2018 Share Posted April 1, 2018 Lake Driscoll 7 1 Quote Link to comment Share on other sites More sharing options...
Twitter1 Posted May 27, 2018 Share Posted May 27, 2018 Updates on the progress? 2 Quote Link to comment Share on other sites More sharing options...
SkylineView Posted May 28, 2018 Share Posted May 28, 2018 Drive by here everyday. Looks about the same. 1 Quote Link to comment Share on other sites More sharing options...
hindesky Posted May 29, 2018 Share Posted May 29, 2018 Till I can figure out how to place pics on here with my iPad (my desktop is acting) I’ll just say there were 6 pieces of equipment on site but not much has changed. Some of the equipment belonged to North Houston Powerline so they may just be running power to the site before they can really get started. 2 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted June 21, 2018 Share Posted June 21, 2018 This shopping center had a fire a few days ago. Does this effect the planned tower at all? 1 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted June 29, 2018 Share Posted June 29, 2018 Demo permit issued http://swamplot.com/daily-demolition-report-unmade-in-houston/2018-06-29/ 1 Quote Link to comment Share on other sites More sharing options...
jgriff Posted June 29, 2018 Share Posted June 29, 2018 On 6/20/2018 at 9:29 PM, ekdrm2d1 said: This shopping center had a fire a few days ago. Does this effect the planned tower at all? I wouldn’t think so. The fire was not near this construction site. It was across the street and a block West. 1 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted June 30, 2018 Share Posted June 30, 2018 7 hours ago, jgriff said: I wouldn’t think so. The fire was not near this construction site. It was across the street and a block West. Thank you. 1 Quote Link to comment Share on other sites More sharing options...
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