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Showing content with the highest reputation on 03/13/11 in all areas

  1. Pretty good article with some of our most well known developers and their outlook on 2011. http://002mag.com/wordpress/2011/01/30/a-real-estate-rewind-february-2011/ - The article has a positive tone overall but they are not too optimistic about projects being started downtown - but I don't think that is a surprise. We will probably see a decent amount of build outs in existing buildngs which is good too though. "Jonathan Farb What new projects are you starting this year? 2011 is going to be my most ambitious year, particularly because I am opening CityPlace, my first major luxury apartment development on Bagby and McGowen (www.cityplacemidtown.com). I am also breaking ground on five new townhome communities spread out over Rice Military, the Heights and Montrose. Marvy Finger Are you starting anything new this year? I will have two or three projects. One project is bogged down in serious zoning difficulties. I am currently building the Whole Foods at Waugh and West Dallas and the balance of the land will be residential. We are doing market surveys to see if this will be a midrise or a tower. The other is in west LA, close to two of my previous projects. Tom Wadley What new projects are you starting this year? Houston’s Inner Loop, Heights and Galleria areas continue to grow. We will begin building 3- and 4-story homes in Washington Court – located in the Rice Military area. As well as Remington Park in the Heights and Asbury Manor near Memorial Park. We’re also opening several communities throughout the Greater Houston Area, and our Build on Your Lot program continues to expand. Dr. Richard Wainerdi President/CEO /COO | Texas Medical Center | What do you see in 2011? We are nearing completion on 22 construction projects and possibly one new one this year. We are not sure, partially due to the uncertainty in the health care markets. How does that affect TMC? We have just gone from 32,000,000sf to 42,000,000sf which is a 30% increase. We have adequately increased our size to meet our needs. When you compare that to the size of Downtown Business Districts, we currently rank 13th. Our additional square footage should put us in line to be 7th or 8th by 2014 (as long as those Downtown Business Districts haven’t added significant size in the last few years which I don’t think occurred) which is ahead of Dallas, LA, Minneapolis and Cleveland. Ed Wulfe What is new at your BLVD Center on Post Oak? We have completed phase 1 and it is 100% leased. We are working on plans for phase 2 which will be a 185,000sf expansion anchored by a 48,500sf Whole Foods. There is a significant shift in tenancy in all retail projects to include restaurants, both large and small. They have become mini-anchors as they are expanding and seeing good growth. We plan to have four or five new restaurants in Phase 2, some local – some national. Is residential back in play? We are talking to one high rise rental developer about a site on the property. I am also excited about talks with a hotelier about a boutique property as well. Robert Eury President | Central Houston How do you see the development market Downtown in 2011? As I look out my office window, I am thrilled by the sight of workers putting the finishing touches on BG Group Place, Hines’ exciting new office tower at Main at Rusk. This is one of several new buildings opening this year including Hess Tower, Embassy Suites Hotel and The Houston Ballet’s Center for Dance. Although demand exists, funding challenges are likely to result in few if any new project starts this year. However, overall we believe that this situation will be short-lived and future prospects are bright. I personally think that Discovery Green has truly created an anchor for not only the Downtown residents but the workers as well. What else is happening along that line? We anxiously await the opening of Phoenicia Specialty Foods in One Park Place this spring. It will be a unique and interesting shopping destination for residents, workers and out-of-town guests alike. Most of all it addresses the often heard question about living downtown: “Where do I buy groceries?” At Phoenicia, of course! If you have not experienced the newly rebuilt Market Square Park, try it out. Our goal was to make this historic location into a park for neighborhood residents including a dog run, lovely green lawn, numerous works of art, floral beds and Niko Niko’s restaurant kiosk. We have high hopes that this jewel will spawn more residential development in Downtown’s Historic District."
    1 point
  2. Well, rode the bridge today. I like it. Very beautiful design and there are already tons of people using it to get across Memorial and the bayou. The only flaws I see/felt so far was that the bridge is a little bumpy... would think it could be a little smoother in some areas but I'd imagine most people that walk or run wouldn't notice as I did on my bike. Also felt that the words "slow" and "stop" at the crossing point where both bridges connected was kinda unnecessary.. no one is going to stop. Not even the cop that was on her bike stopped where it said to stop. I didn't either... I slowed down when was kids crossed my path but that was about it. Annnyway, here are some pics of the bridge that I took around 5pm: From upper Memorial Here's the "slow" mark on the concrete I was talking about. That's understandable to have "slow" there, but like I said, no one is going to follow "stop." View from the upper bridge: ...and looking down towards the lower bridge: Memorial... looking at upper bridge: The entrance to the lower bridge from Memorial: Coming from Allen Parkway:
    1 point
  3. However bad it is, it is precisely that bad. I'm hoping that the naming rights get sold to a corporation. Or to Charlie Sheen.
    1 point
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