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HNathoo

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Everything posted by HNathoo

  1. HNathoo
    From Swamplot: http://swamplot.com/bowling-and-dog-park-restauranteurs-look-to-serve-drinks-in-a-downtown-parking-lot/2016-04-27/ Wulfe was marketing the ground lease - I guess these guys won? www.wulfe.com/Realister/manager/Property/Convention%20District%20Opportunities/PDF/ConventionDistrictOpportunities.pdf
  2. HNathoo
    I spoke to a rep at their open house this past Saturday, and he said 23%.
  3. HNathoo
    Wow - $80M??
  4. HNathoo
    I heard one was coming to sugar land, but this is news to me. They did one an industrial area of Atlanta recently and have looked at some urban parts of Charlotte. I don't really know if the Houston market is large enough for 5 topgolf facilities.
  5. HNathoo
    This development is growing on me.
  6. HNathoo
    Same guys as the embassy suites and Hampton/home wood, but the aloft is a different group.
  7. HNathoo
    It seems like the embassy suites continues to get uglier every year - doesn't bode well for the Hampton/home wood.
  8. HNathoo
    I heard from someone in the real estate community that this property traded hands. Does anyone know what the new owners plans are? I believe the restaurant depot store has already shut down.
  9. HNathoo
    Not bad - $155psf + demo costs.
  10. HNathoo
    Wow, this building topped all my expectations.
  11. HNathoo
    This is private - the developer is Rida Development.
  12. HNathoo
    Depending on where your building is placed relative to roads, you might need to have fire lane access around your building. This is generally why so many non-urban properties are built like this.
  13. HNathoo
    I don't think micro-units cater to the $psf crowd - more so for people that care about overall price. It's extremely difficult to find new product inside the loop in the $100s. Keep in mind, they still have to provide parking, which costs $20k-$30k/space in a structured garage. It's much easier to amortize that cost in larger units than these micro-units.
  14. HNathoo
    That Jack in the Box signed a lease many years ago. You can bet as soon as their lease expires, that building will be razed for something that justifies the high land cost in that area. You wouldn't be able to build a Jack in the Box today on $100psf+ land.
  15. HNathoo
    Either this or City View would in itself be a game changer for EaDo, but both would be huge. Does anyone know who's behind Ivy Lofts?
  16. HNathoo
    It's probably been noted a few times in this thread, but the developer of this project also built the Embassy Suites in downtown. I think there was some HAIF heat years ago about how that project turned out.
  17. HNathoo
    With a landlord right to terminate after 5 years, the only tenant that could make a ground lease work would be a surface lot operator or a food truck mall type development. You can't get an ROI in 5 years on any real improvements.
  18. HNathoo
    One of those blocks currently has the Hilton garage sitting on it - I don't imagine that will come down to make way for this.
  19. HNathoo
    Does anyone know what the sales price might be? At $100psf, it would be ~$70m. That would be a lot of money to tie up without a plan, especially for a smaller firm.
  20. HNathoo
    This is 1.5 blocks. At $50M, this places the value of the land at $500+psf. I'm pretty shocked they're able to get this type of valuation in a low oil price market.
  21. HNathoo
    Depending on land costs, a project like this could exceed $40m
  22. HNathoo
    Where is the H&M?
  23. HNathoo
    Hampton inn / homewood suites
  24. HNathoo
    I think they've had a fence up for some time now. Possibly for environmental reasons? That's prime parking for Toyota center events.
  25. HNathoo
    Great pics! I don't think there is any amount you could pay me to be one of those guys on top installing that crane.
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