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LBC2HTX

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  1. LBC2HTX
    https://www.bizjournals.com/houston/news/2018/03/15/exclusive-storied-at-t-parcel-near-river-oaks-hits.html
  2. LBC2HTX
    https://www.bizjournals.com/houston/news/2018/03/14/developer-mulls-plans-for-flipping-river-oaks.html
  3. LBC2HTX
    Is the discontent with the parking podiums themselves or the design of the podium? If the latter, then I disagree. In the case of the Arabella, I wonder if they will be able to develop something on the plot where the sales trailer currently sits on San Felipe between the Arabella and target (that would not be an option if that land was instead devoted to the building's parking).
  4. LBC2HTX
    Yeah i'm upset about the WE closing in HV. However, if this means that this project is underway then i'll take it. I havent been to uptown park in over a decade.
  5. LBC2HTX
    I think you missed his point. He meant that its not really "free rent", that's just the rent and leasing agents are throwing in "free rent" to make it seem like people are getting a deal. The downtown market is comprised of top-of-the-line and luxury units, as reflected in Downtown's average rent being substantially higher than elsewhere in Houston. When a glut of brand-new luxury/high-end units are all put on the market within a short period of time (downtown has dramatically changed over the past 3 years or so), they're going to throw in incentives to increase occupancy. Because these are all luxury buildings they are limited in how much they can lower their rent without jeopardizing the integrity/reputation of the building.
  6. LBC2HTX
    Might have to do with the fact that Caswell is no longer running Oxbow 7, or maybe he wasn't getting the job done and got the axe, with no improvement since.
  7. LBC2HTX
    I wouldn't be too concerned. It's been that way for over a year now throughout Houston. When Market Square Tower opened it was offering a really sweet deal of 1/2 rent for a year with a two year lease (prorated). Broadstone Skyline was also offering 2 months free when it opened about a year ago. Similar deals were being offered in Uptown. I wouldn't say residential demand is poor, there's just a lot of options for renters right now and leasing agents are under pressure to get occupancy up on new builds.
  8. LBC2HTX
    My understanding was that the Association (Cosmopolitan) was appealing the district court's ruling to not dismiss the case. It appealed all the way up to the Supreme Court of Texas, which rejected its appeal. So now the case (which is the REIT/Developer suing for declaratory judgement on the agreement between the Developer and Cosmopolitan being valid and enforceable) will proceed. The Developer brought the case (seeking declaratory judgement) to avoid the risk of a lawsuit from the Cosmopolitan once construction has started (which would be more costly, timely and give Cosmopolitan more leverage in the matter). Basically the Cosmo/Association have been huge dicks and threatening a lawsuit, even though a second development was in the works the entire time.
  9. LBC2HTX
    Solid design. Looks like that's at the corner of Buffalo Speedway and W Alabama. Maybe that's a parking garage north west side? Given how large this property is, there's definitely more to it than this. The shaded structures to the south are probably TBD.
  10. LBC2HTX
    Amazing! This development will take midtown to the next level.
  11. LBC2HTX
    Really don’t understand all the tears over the W’s height. It’s on the eastern edge of downtown so it’ll be seen from the east regardless of how tall it is. Moreover, a taller W at this site will just have more guests staring out of their room to the shitty industrial side of Houston.
  12. LBC2HTX
    So the site on Westcreek across from the Wilshire/Sky House and Arabella is a paved over parking lot for Harris County Public Health. Does anyone have any intel on if the Gables development and the planned office building and other residential development are still in the works? Also, the Wilshire is wrapping up and the plot to the south of it where the sales building and and equipment has been stored will presumably clear out soon. Is there still a hotel planned for it? Then there's also ROD Phase II which is a whole other animal.
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