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X.R.

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Everything posted by X.R.

  1. Sounds like she took the Ion to where it needed to be, set up the connections and all that jazz, saw a need in the market that wasn't being met, and jumped to work in that space. Pretty understandable, and doing work in making the tech industry more equitable and easier to access is a monumental job that even SF companies haven't figured out yet. So shoutout to her for taking on that task. It makes sense for Houston, tbh, to want to take a bit of a more homegrown angle towards building a tech sector. You have all these immigrants and their kids from countries where US companies are hiring from to bring their engineers here, why not target those kids who are already here and other kids stuck in schools that don't offer this kind of training to help them code at a much earlier age. Set up programs to promote women in tech. Provide grants to those looking to switch careers at 25-40. Etc. If done well, and in conjunction with the Ion, they could have the types of programs that everyone would want to get into. Although, when she says she may work with the Ion in the future, I feel like most tech in Houston will, given the size and footprint of the programs and development.
  2. Skyparks, the Bagby total redsign, bike lanes, pocket parks...the city is certainly going all out now that these expensive condos and apartments are going up in DT. I am incredibly all for their efforts, its just funny what having people with higher net-worths move into DT has done to the city's efforts to improve the area.
  3. Wait, so its missing a portion of the tower? Can we start a gofundme to get them to restore that portion? That would look greaaaat.
  4. Wow, the white with the Neon sign...post Covid that place will attract many a drunk customer. But also, will attract the 80% of Houston's population that travels to New Orleans/Louisiana for the food. Acme makes almost too much sense for Houston, and particularly Montrose.
  5. You can tell something is different about Wheeler/59. Can't tell if its COVID-related or if its the fact that Rice shut down PPS, everything is fenced up outside of the Jack-in-the-box, and Fiesta brought back the constable but there isn't as much panhandling and stuff in that area. Its weird, cause now in the mornings the pedestrian traffic is moreso the people coming from or going to Wheeler station. I even saw joggers running past jack in the box yesterday. If this is a sign of whats to come, what a crazy change. Midtown just reclaimed 1/12 of its land back.
  6. If I remembered correctly, San Antonio was being considered the for gigafactory. During the process they expressed a preference for the area north of SA airport, I think in part because it would let people enjoy both SA and Austin, it was close to the airport for transportation purposes, and SA had an incredible amount in incentives. They ultimately lost out because, supposedly, transportation costs for the batteries. So @Luminare is right that probably the best thing would be to sell them on some land that is close to port. You already have so many cars and stuff stored on the east side, which is closer to the port, and I think its an easier sell. Also, when driving 59 or 1-10 going east it always feels like there isn't much out there anyway (no offense if your family owns 10+ acres out there, it just seems empty).
  7. I agree with you. I have no idea if we have to even wait that long. The fed is going nuts trying to prop up the market, Chevron just had its stock go wild in the month of April, and nothing about the market or the economics of the virus is like anything we've ever seen. Plant jobs aren't going to change, and last time I checked, Houston and its surrounding areas have a lot of plants (to the chagrin of air quality enthusiasts, lol). Yes there are hiring freezes right now in Houston for oil and gas, but its more due to corona than oil. It could be 3-5 years for a rebound or it could be next year. Honestly, if anyone is calling anything now, in terms of investments and realty, I just don't think there is much to go on. For my practice and others like me, we're still seeing lease agreements and physical asset purchases like its normal. Whats changed is that its now the people with cash buying from those without cash, so its much less of a mutual agreed sale where its two parties with equal leverage. This is going to be a wild ride with ups and downs, but calling extreme lows already just because Houston loves oil I think is premature.
  8. Man the Austin lane came up QUICK. As did the Cleburn lane and Polk right now. The Austin lane in midtown looks great, they still need to put together the Austin lane from Holman to McGowen and all of Downtown. But man, that portion is nice. Rode around the network the other day, Third Ward, Museum D, and Downtown will be set after all this is done. Even though Museum District has sharrows, the volume of the cars even pre-Covid is low enough that it doesnt matter. Also, I like that they outlined the parking on La Branch because it seems to have slowed traffic even further. There could be an additional lane going North-South in east downtown, maybe Hutchins street would be nice. With Polk and the Columbia Tap, East Downtown would be set too. I think Midtown needs something a protected lane going East-West.
  9. So did the design change that much because of the denied variance? If compared to what they put out earlier, it looks muuuuuch different. Or were the initial renderings just that, and now its been value designed? If you guys check page one of the thread, the proposed stuff hides the podium and has waaaay more windows. The X people did say that if the variances were denied, they would have to make several changes and concessions. I want to go to the neighborhood meeting just to see the smoke come out of people's ears because they thought they defeated this thing. The oncoming covid and oil related issues may still kill it, if anyone is holding out for this not to be built.
  10. Its going to be 10 stories and I gotta say its (still) a pretty hot piece of leasing right now. I have a client who is thinking about the move and the lease price is not cheap, and they still have a significant amount of commits. Its going to be reallll interesting to see if Phase 2 and 3 get made (my money is on yes).
  11. I keep think that the craziest thing about Corona is that people will leave the stay at home order/quarantine and half the road and bridge projects in the city will have been completed or have substantial amount of work completed. Brays especially. This bridge, and the bridge going towards Braeswood and the retention are all flying.
  12. What the mythology? I have a few friends who work for Caydon. They are not your typical real estate developer in terms of breadth of projects. It seems like these types of clusters are their thing, but I've head it does get boring because of how detailed their information models are and how they basically have to line everything up before a project breaks ground. Some developers will begin the development without all of the retail tenants are lined up, not them. I did have a friend leave Caydon because despite the projects making bank, the work lifestyle doesn't have the same breakneck, get the deal done, some flying by the seat of the pants feel as other developers do. Different strokes, I think. Caydon will be fine, if any developer is going to weather this it'll be them.
  13. Just to give people insight into the plight of the 25-35 year old crew, a mix of professionals and non-professionals in my extended group of friends/acquaintances: A 200,000 move-in ready suburban home with a decent yard, big enough to house a family of 4, and a good school district doesn't really exist in the Burbs anymore. 300,000, yes, but a true 200k home is a fantasy unless you are in the far, far out burbs or the house is in a mid-level, or lower, floodplain. For example, speaking to you guys talking about passing on the buck in terms of infrastructure, I've helped some clients with their issues with their kingwood/atascocita flooding. Moving to the burbs, an easy assumption for where people move to in Houston, still comes with these types of traps, where developers hurt the floodplain and the residents don't know. When a cheaper house occasionally does pop up in Pearland/Sugarland/Tomball my friends are losing out to people putting down 60% + cash on the homes, which should tell people that the people buying those homes are investors looking to lease or flip the house. My dad lives in a suburban home inside of the beltway but outside of 610, and was in talks with people to have it bought for 140k, mostly cash. It is not in a good school district (I went to it), and it was built in the 70s. There are some underlying assumptions in this thread that I believe doesn't reflect what younger people are seeing in the market. I actually have been doing the research on HAR and Zillow for myself for a year or so, if you want to be in the loop and have at least two of the kid's schools you're automatically zoned to be B or better on Greatschools (not a great metric, but alot of people use it) you're looking at 650k+. There is clear demand for that area. Growth will happen in the burbs, which is normal for Houston. But it wont be as dominant as before because it is more expensive to live in the burbs than some of you make it out to be.
  14. You also would assume no movement at some of the construction sites across town because we aren't supposed to aggregate in a space with more than 10 people, and (hopefully) most people are working from home. So while oil and gas is crazy right now, I also would hope the construction companies are suspending or slowing down construction so they don't have 50 people standing right next to each other every day.
  15. Personally, if I was them, I woulda put the pool on the top floor and so if something taller ever goes in next door it doesn't matter. Plus, then they can charge people to party at the pool like the Marquis does. Feel like that would be a hit with demographic we have in the museum district 😊
  16. I uploaded the presentation. The only thing that may interact with the street is the cafe they have on crawford along with the leasing office. @KinkaidAlum I think I said this before, but they are trying to see if they can open the cafe to the public, given the parking requirements. Also, I don't know how much interaction with the street the neighborhood would have loved, given the type of questions they received during the presentation. Here is the presentation, the link is only good for 30 days: https://easyupload.io/twcrs9
  17. Most of the MPNA peeps have the presentation, it was emailed out. The developer has been working with the surrounding neighbors through a few of the people on the MPNA and the public discussion was pretty robust. The lighting thing was an issue for some of the MPNA people who don’t even live near the development, asking repeated questions about light bleeding and such and how they like their sleepy streets (tbh, much of the area needs better lighting but apparently people like it dark). So as currently discussed, they’re dumping money into new lights like the ones in the park For la branch and Crawford, burying some of the electrical lines, sewage system, paving over those crappy muddy mini-ditches and replacing them with anyone allowed street parking (as opposed to residents only), dedicating money to the esplanades around the development for MPNA to do what they want with them, and another community beautifying thing they haven’t hammered out yet with MPNA. Edit: I'll figure out a way to upload the presentation later.
  18. I cut through there coming back from work sometimes, and as much as I would love this, I think they contract with the sheriff or constable offices because they have these officers just sitting at the most inopportune (for people like myself) places just watching traffic for speed and other violations. *Shakes fist at sky*
  19. Its the opposite my G. The further out you are the fewer Grocery stores in a 4 mile radius, and those will have lines out the door. Pearland, Sugarland, Tomball, and Spring all have HEB's that are bananas, per my friends. People seem to forget whole foods exists. Also if you want Hand Sanitizer, go to Walgreens/CVS.
  20. It has been expressed, by the Uptown management group, to a client of mine in the galleria area that the BRT is supposed to alleviate that "Oh crap" feeling almost completely during the normal course of the year, and quite a bit during Christmas. My initial thought tho is that all these entities, Uptown Park, Galleria, the Whole Foods Development, the Dicks strip, etc, are possessive enough about their parking that I don't know how happy they will be that people will park at their place, initially go into their store, do some shopping, put stuff in the car, and then get on the bus to go to another development. If the BRT can somehow elevate the general experience of going to the galleria, primarily by helping congestion or parking, it would be a big boon. And those businesses, including the Galleria, that sat through the construction deserve it.
  21. Amazon doesn't even market Whole Foods the way HEB markets itself. HEB is like "come to the store, pick-up points are available for online orders" blah blah. They market it themselves like they are a grocery story with convenience options. Amazon is like "two hour delivery to your door is available." Amazon markets Whole Foods like a warehouse to store food to deliver to your door, which also contains an Amazon Locker for you to pick up your packages. Two completely different approaches. I can't believe Whole Foods would complain about lack of traffic, its not even their business model lulz. The rest of the businesses I'll stay out of, from my clients I know even small changes can have impacts. The neighborhood patrons tho, sounds like the neighborhood patrons in my adjacent community the last time the city came to talk about bike lines. You'll always have some older contingent upset about change. Its like someone told me in the austin bike lane thread, residents buy it for what it is, developers buy in for what it may become. They are just whining about change just to whine @wilcal.
  22. What is going on in front of the Amegy building? I assumed parking but I had never noticed that construction til last week.
  23. I did not know it was that spot. Woooow. If Sweetgreen can make it there, DT has turned a corner. People may laugh at that statement, but that used to just be people sleeping next to those windows at like 8pm. Walking by that when going to a Rox game or going bowling that retail portion made that area feel so desolate. Now that I think about it, if DT really wants to change downtown, doing whatever it takes to facilitate businesses taking those leases for the empty GFR near areas where they want people would go a loooong way to making DT feel more friendly and vibrant.
  24. Lol, that looks terrible. And how is "generous parking" a selling point unless they expect multi-car families to be moving in. Now if that is the case, and the apartments turn out to be affordable/non-luxury, I'm all for it. But a "condominium-quality finishes" doesn't scream affordable for a family of three.
  25. Auto shop is about 3/4's demolished, will post a picture when I can. Had a crew out there really going at that demo earlier this morning. Seems like the next phase is under way, which is nutty since the first phase is maybe a little more than half done (I'm guessing at that part). 2020/2021 gonna be a hell of a year for midtown.
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