HNathoo

If it’s still the kingfuels guys, it’s probably just a raze and rebuild.

With a $10M budget (including 3 years opex), I wouldn't bet on much more than just interior build out.

Pretty cool to see all these mid-rises develop surrounding the park. The 3rd ward is definitely going to start looking different.

it’s a terrible use, but you can’t have a vacant property inside the loop for very long before it becomes a homeless colony. The more you board up a property, the more inviting it becomes. Almost always better to knock it down and at least extract some value while waiting to develop. Additionally, it creates downward pressure on parking revenue for adjacent owners, making the attractiveness of them holding forever less appealing.

wow, that sucks for us, but a remarkably good storage site - should do very well.

Wow, that looks awesome. Eado has so much potential with so many of old warehouses begging to be transformed.

They added a video to the loopnet site: https://www.loopnet.com/Listing/1800-Binz-St-Houston-TX/17540789/

This is not the eado city view project from Dan Nip (RIP). That site has already been acquired by TXDOT for the freeway expansion.

Yes. Fortunately, there is plenty of opportunity on the other side of st emmanuel. They'll probably be paid handsomely if they own their site.

I believe that particular segment is already funded, and a few sites have already been purchased by txdot. Sounds legit.

Here is a recent article on another project the developer is working on in Chicago. They seem equipped to handle the challenge. https://www.bisnow.com/chicago/news/construction-development/how-a-historic-west-loop-office-tower-became-a-luxury-hotel-105475?utm_source=outbound_pub_13&utm_campaign=outbound_issue_41323&utm_content=outbound_link_6&utm_medium=email

Great location, but with a 50’ width, there are very minimal options for developing anything other than SFR.

Here is the article. It doesn't mention square feet leased. https://www.houstonchronicle.com/techburger/article/Chevron-Technology-Ventures-is-the-first-named-15493481.php

It was Madison Marquette (PMRG). They built the Travis high rise in midtown.

huge premium for having a full superblock on a hard corner of two major arteries. There really is no limit to what you can build and the uses that it would attract (retail,office, housing, etc) generally the highest and best land value for a 5k sq ft lot would be 3 townhomes or a single family residence.