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SMU1213

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Everything posted by SMU1213

  1. SMU1213
    I doubt they are doing any workforce housing in the project but I could be wrong...
  2. SMU1213
    From what I have heard, they designed too expensive of a building and are redesigning it. They would need about $10 psf (25%) above market rents to make a market return on the building they designed.
  3. SMU1213
    My first though seeing the rendering was a Holiday Inn.
  4. SMU1213
    They shot for the stars with the original plan and failed. Good for them for at least trying. Now they have to start with something that is realistic and that makes sense financially, while leaving future development sites for when the market supports them. I'm all for it.
  5. SMU1213
    Not all of the Pinto realty lot is being taken over by 45. Last I've heard, townhomes are going in east of the railroad tracks.
  6. SMU1213
    So you want a bunch of vacant building instead of a bunch of vacant lots. Because if you do what you are stating, I'd rather build a building and have it be 10% full so I'm bringing in some revenue to offset my taxes that are fixed whether the building is built or not.
  7. SMU1213
    You would think the neighboring properties would be able to kill this by refusing to sign a crane swing easement or a tie back agreement if they really wanted to. Having said that, that letter is a joke and will do nothing to sway the developer from constructing on this site if the deal makes sense financially/legally.
  8. SMU1213
    Between taxes and pref, developers have plenty of incentive to put shovels in the ground as quickly as possible already. The exceptions are groups that have owned the land for decades (Regent Square) and their cost basis is so low they can afford to be patient or religious institutions (Islamic center) who don't pay taxes and have bottomless bank accounts.
  9. SMU1213
    GID designed too expensive of a building so it is on the back burner for now.
  10. SMU1213
    That is just Phase II of Regent Square. There are two more phases. You also have Wood Partners deal next to Hanover's. And the JLB site that burnt down that is under contract to another apartment developer. The corridor between Allen Pkwy and W Dallas has to have over 3,500 units planned.
  11. SMU1213
    Different architecture makes it look like the buildings weren't all built at the same time. It helps make it feel more like a natural neighborhood.
  12. SMU1213
    Once tenants are willing to pay the rents that are necessary to build them. THE RO is getting redesigned right now because the building was overdesigned and they would need rents 30% over market to make the construction numbers work. Companies/people aren't willing to pay that just to be in a pretty building unfortunately.
  13. SMU1213
    The State Fair of Texas has one...?
  14. SMU1213
    RD is not involved with DC Partners anymore.
  15. SMU1213
    This looks like the property they have under contract at W Dallas and Shepherd. They must just be reusing the name from a dead deal.
  16. SMU1213
    Randall Davis used to be a partner of DC Partners. He's not anymore.
  17. SMU1213
    It is a precast parking garage that abuts the structure. Not part of the tower otherwise it would be cast in place, not precast.
  18. SMU1213
    The parking garage is not part of the structure. The building goes all the way to the ground. That is Hanover's new office.
  19. SMU1213
    Those are some ugly/cheap windows....
  20. SMU1213
    Hanover has a phase 3 planned for their remaining acre next to the phase 2.
  21. SMU1213
    Lifetime is going there. Per a contact, the lease is signed.
  22. SMU1213
    It's GID out of Boston. They were still planning on going forward with it when I met with them a month ago. The "old plan" is dead but the development is still going forward. They claim they are starting by the end of the year but I won't believe them until I see shovels in the ground.
  23. SMU1213
    They're currently redesigning the master plan. It's going to have more residential and less retail (still plenty). They've said they plan on starting this year but who knows how real that is.
  24. SMU1213
    Sorry guys. Meant to post that in the Regent Square page. No new news on The Allen.
  25. SMU1213
    Wrong topic. Sorry guys!
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