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buildingunbuildingrebuilding

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  1. Leasing agent told me they were over 90% leased now. When I shopped it late 2008 they were offering 2 months free, making it highly competitive with comps.
  2. Just to clarify, my comments were in regard to the Domain in Austin that was pictured above in the thread. I have no knowledge beyond what I have read here and elsewhere on what Randall plans for the Village.
  3. Its an internal street. You can drive on it, but its not really connected to any city grid. Its mostly for look and feel, I think, but if you want to drive on it between the anchors you can.
  4. If this building was completed in 2005, the materials were likely purchased a couple years earlier. Costs have gone up considerably since then. And I don't know about the building you lived in, but I toured another building by that developer in Chicago and even though new it was nowhere near as nice as the new apartment construction we are seeing in hirises here (or obviously in nicer condo buildings in Chicago). Whoever estimated $300 psf for Hines tower is probably close.
  5. Far less people work at HP headquarters today than did when the merger occurred. That is not even taking into account the large number of people at HP who supposedly work there but telecommute most days. Houston has had strong job growth lately, but I question how much of it is the 249 corridor (although there is a fairly new hospital up there). I would also question the impact on this shopping center due to its lack of visibility from 249. And has been pointed out, there is no lack of retail in that general area. But maybe people will flock there because of the faux-mediterranean-uptown-park-derived-disneyesque retail look.
  6. Word on the street is that they have not made much project in retail leasing beyond Whole Foods. Hanover is slated to build high-rise apartments and they are appearently working to bring in a Ritz Carlton (with condos?), but this project does not appear to be moving forward anywhere near as quickly as might have been expected.
  7. If your condescension makes you feel better, good for you. But those apartments are 93% occupied with rents over $1,500 a door, one of the highest rates in the city. Perhaps they are not architecturally significant, but they are quite pleasant. Since when is designing a nice apartment complex that people want to live in a crime?
  8. I don't buy the idea that you need cutting edge architecture to have a quality project. Heck, I don't want to see a Guggenheim on every street corner. There have been numerous quality projects built in Houston in the last several years- Museum Tower, Sabine Lofts, Esplanade at Museum Circle (or whatever its called), Five Houston Center, Villa d'Este, Market Street in Woodlands, Anadarko Tower, Jackson Hill Apartments, etc.. All are quality representations of what the developers sought to achieve, not just ugly crap quickly thrown together. These are real buildings done well.
  9. This overgeneralization isn't fair at all. Houston-based developers have and continue to build top-notch projects here and elsewhere. Finger and Hanover are 2 of the top multifamily developers around, building interesting luxurious apartments. Borlenghi has done some nice stuff, as have many others. and lest we forget Hines. Sure, Houston developers also build some crap, but the quality of product produced by many Houston developers stacks up with anybody out there.
  10. Don't know what happened, but spoke with someone this week who was considering funding the deal. Wish I could shed more light, but that's all I know. Looks like this one is still teetering. If I had to bet, though, I would bet it gets done. But I wouldn't bet very much.
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