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Kinglyam

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About Kinglyam

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  1. I understand that they basically considered the new "upgraded" HEB experience to be sufficient, while the CM experience I guess was too expensive to develop and maintain. But since they had already developed the Houston one, adding more to it wasn't as big a deal. They just wouldn't want to spend the money to buy this land and develop an all new CM, that wouldn't be as profitable as a regular HEB. Besides, as someone earlier said, this area has poor access to the freeways compared to other locations (though not sure that is the case compared to other EMPTY large lots), which makes CM less
  2. You really think anyone is going to pay full market rate to live in a neighborhood where the surrounding properties have artificially limited value increases? Realtors and assessors aren't going to ignore that when they assess the market value of the house, are they? Or will there be two different valuations, one for people making <80% AMI, and another one for everyone above that? My guess is that everyone who can afford market value will look elsewhere, and this will be entirely low-income. Frankly, I think this will be sellable to the community if and only if they build it as condos
  3. What affordable housing is that? The only thing I'm aware of is the gang-infested crime hub at Allen Parkway Villages, but I thought that is all public housing.
  4. What my neighbor heard was that they couldn't SELL the house for more than 1.5% per year they lived in the house. It had nothing to do with the tax valuation. When asked about it, the city representative said it was intended to keep the houses available for low income people, meaning they will never sell at market value. Perhaps my neighbor misunderstood, but it doesn't sound like it based on that response.
  5. I spoke to some neighbors yesterday who attended the first meeting. They reported the first round of comments were uniformly negative. Supposedly the plan is to sell the homes below $90,000, then artificially cap the property value increases on these homes at 1.5% per annum (less than the Fed's target inflation rate), which I expect would have the effect of depressing neighborhood property value growth, too. I'm not an economist, but it seems to me that having an artificial cap below the annual inflation rate is NOT going to help lower income homeowners build capital?
  6. "They" is a general developer "they." I haven't seen an attached home under development anywhere for years. Developers seem to go out of their way to be able to claim it's a detached property, even if the houses are so close you could literally knock on your neighbor's window from your own window. Since a lot of it is supposed to be income-limited, clearly that seems like a cheaper option. But it's not all limited, and the developers will still want to appeal to whomever has the money to pay market rate. Not that I think there is going to be a lot of demand for houses in a mixed-income ne
  7. It says they're considering all sorts of things, including condos. Which could still be built as part of a mixed-use development. I think that would be a really good option for lower-income people to buy into instead of renting. That would build value quickly, and I suspect have more resale options than a single-family home. Do they even build rowhouses anymore? I can't see that happening. If it were single-family homes, I bet it would be row after row of the stuff CRV is building there, at best. Probably even with a suburban layout with cul-de-sacs and the whole nine yards. At least t
  8. Which I anticipate will have about as much effect on the end result as any other backlash against development in a non-rich neighborhood.
  9. So the City bought that ten acres for yet more mixed-income housing. At least they're asking for input from the community. New Homes for the Near Northside | Housing and Community Development Department (houstontx.gov)
  10. Here's hoping residents can get together and convince HEB to buy that last 10 acres and do something with a bit of retail in there. Seems like the perfect place for an HEB, given all the units nearby, and the only grocery store within a 1-mile radius is that little Fiesta on Fulton.
  11. Your lips to developer's ears. I'd love to see HEB grab this. It's a second chance, but I'm no longer sanguine about anything but apartments coming in here once they announced they were infilling with that Prose East and Prose West. It sure seems like the perfect place for a new grocery store, which can capture both the new apartment dwellers in Hardy Yards, as well as the apartment dwellers in north downtown around Market Square.
  12. Plot twist! It looks like the Red Line Apartments have been axed, and Hardy Yards C/V is selling the property.
  13. Yeah, don’t tell me about turning Burnett all retail. We’re building our house right there! 😛 The real question is, now that we know nothing interesting is going up there, is this thread dead?
  14. That is extremely disappointing. All this tax money spent on utilities and the road, and now Hardy Yards means squat.
  15. Should we be concerned if their portfolio is all mid-rise apartments? Hardy Yards has been developing on the promise of mixed use. If the infill with all apartments, there will be no easy space for retail, and the development boom will likely bust hard.
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