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lwood

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  1. lwood
    Maintenance fees vary widely depending on the services of the buildings. "Full Service" building have someone to park the cars, bring up the groceries, etc. Usually these are the newer buildings and electricity is not included in the monthly fee. Budget 50 to 60 cents per square foot for this type of building. The Sussex, 2016 Main and the Lamar tower have electricity in the monthly fee. So does 1400 Hermann. I would not choose a building with this set up. The neighborhood of the Sussex (in my opinion) is dangerous. 2016 has seen almost no appreciation in value. I understand they are having flooding problems in the lobby. At one time their intersection with Main Street was one of the highest crime rates in the city. It was attributed to the bus station. 5000 Montrose is a great building and priced right. Also check at the mid rise Il Pallazzo.
  2. lwood
    Rice Design Alliance publishes a magazine called Cite. The current issue has an excellent article about these "life style" centers being planned in Houston. I think it said this new development is by the same people who just completed the project in The Woodlands.
  3. lwood
    I visited the sales office on October 14. I was told that the south tower is for sale and the north tower is for lease. That makes no sense. If you purchase a unit your view would be of the other building to the north or Astroworld and some of the park to the south. I see on a prior post that someone was told both buildings are for sale. The model they have in the sales office is 1 bedroom, 1.5 bath. Approximately 900 sq. ft. This unit for sale in the south tower. On the 8th floor is priced at 238,200 with a view to the south. The units they have advertised in the 190's have almost no closet space. Hopefully this project will do better on resale than The Mark.
  4. lwood
  5. lwood
    I understand the sales office was open this weekend. I would be interested to hear what they had to say if any of you went by.
  6. lwood
    At one time The Court at Museums Gate had bad roof problems. If you go to the roof you will see their attempt to fix the problem. It may not be an issue now but it was a big issue in the past. During Allison the parking area flooded (as did many other areas) and I was told there was a special assesment added to the monthly maintenance fee to cover the costs. I really like the building and location but would want to know if the roof situation was settled.
  7. lwood
    Recently I spoke with someone who lives there and they really like the building. Regarding buying in the suburbs, compare increases in real estate prices of those properties to inner loop properties over the last several years. The inner loop has consistently done better. One point to remember is, when prices get soft high rises units are the first to fall and the last to come up. With that being said, high rise prices have enjoyed a large percentage increase over the last several years. I would move into Commerce in a heart beat if it was within my budget.
  8. lwood
    The neighbor of The Mark, 3525 Sage, flooded in the lobby a few years ago during Allison. Some may say that a lot of the city flooded then but I thought you should know. The older buildings such as Four Leaf or 5000 Montrose are priced better. 5000 is a great building in a walking neighborhood. There is an old hotel next door currently undergoing renovation as doctor's offices. In my opinion, Four Leaf is priced low because of the publicity it received after a fire a few years back. Houston did not require the buildings to have sprinklers until recently. As someone else mentioned, don't expect a lot of appreciation in value but it is a great lifestyle.
  9. lwood
    Page F12 of today's Chronicle has a Notice of Public Hearing to consider amending the project plan and reinvestment zone that includes the Houston Pavilions project. It is called out by name in the exhibit attached to the notice.
  10. lwood
    These are listed on the Houston Association of Realtors web site (www.har.com). Click on townhouse/condo in area 4. You will see them priced in the low to mid 100's. This developement is by Mir Azizi, the person who started all of the construction in the West End several years ago. He has a less successful on Elgin across from Baldwin Park. We will have to give him credit for something so close to downtown and priced from the low 100's.
  11. lwood
    What is the latest information available on the now vacant Holiday Inn on Calhoun in downtown Houston? Is a condo conversion coming soon?
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