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toxtethogrady

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Everything posted by toxtethogrady

  1. The first apartment I rented when I returned to Fort Worth two years ago was built in 1986. Back then, it was the height of luxury with its swag lamps and plush carpets. Now it's Class B. And rents for $625 for a one-bedroom - which is probably not much more than it rented for back then.
  2. Having seen it from the HSPVA site, 6 Houston Center is going to block the view of a portion of downtown from the new school. Delaying that in favor of this one would have certain advantages.
  3. I took this from the HSPVA groundbreaking. Texaco is on the left...
  4. With 21 buildings under construction, and 21 more planned, things aren't that bad.
  5. The market for high-end retail in Houston should be good, according to the following assessment: "Houston’s current population of 6.4 million residents has experienced a 9% growth over the past five years thanks in large part to the energy markets growth within the city. As oil and gas companies expand their footprints within Houston, they are looking to hire top level employees. This white-collar expansion has given Houston an influx of households with incomes greater than $100,000. In turn, this increase in disposable income has spurred a growth within the mid to high-end/luxury retail market to the tune of nearly 1.6 million square feet – projected to arrive in 2014. Houston’s major retail markets like Uptown Park, City Centre, and the Woodlands have all benefited from a shift to a focus on “live, work, play, shop” within the Houston office and residential markets. In addition, those core areas are benefiting from the expansion of key luxury retailers looking to capitalize on Houston’s robust economy. Nowhere is this more evident than in the Galleria district of the city where retailers Cartier, Dior, Hermes and Tom Ford have all announced new stores openings at OliverMcMillan’s River Oaks District project, and Saks Fifth Avenue has announced a move into a 198,000-square-foot location, nearly doubling their Galleria footprint." I'm not sure how much the price of oil will affect this assessment, but office buildings are still selling for record prices. http://blog.chron.com/primeproperty/2014/12/houston-a-top-spot-for-luxury-retail-jll-reports/#29052101=9 Houston a top spot for luxury retail, JLL reports
  6. They're probably taking samples. First they scrape, then they'll drill piers, then the mat pour followed by a crane. That's the usual progression.
  7. Six floors, though it looks like five. Near the Exxon Mobil campus (Like everything else): http://www.bizjournals.com/houston/news/2014/12/08/new-luxury-apartment-project-moves-forward-near.html And it has GFR!
  8. Then I'm surprised this project didn't start out of the ground in January.
  9. If anyone had asked me, there should not have been another highrise built in New York or Miami after 2008, but New York's got several 1,000-foot residential towers rising, and Miami's seen so many new projects it's enough to make your head spin. I don't see any fundamentals supporting them except for EB-5 money, but there they are. There's no reason Houston shouldn't be getting a share of that action, other than the number of bankrollers in this town is incredibly small for all its wealth. A downturn in oil prices is not going to determine whether any more EB-5s get proposed.
  10. And the building permit for the TownePlace Suites has been issued for that site, so that building will begin rising next to the Southwest Freeway soon.
  11. Can you wait 4-6 years? From Swamplot. http://swamplot.com/more-tema-apartments-coming-north-of-hermann-park-but-not-that-tall-twisty-tower-yet/2014-12-04/
  12. I think the residential units will be needed. There is no shortage of people looking for housing in Houston.
  13. Since GFR gets kicked around a lot on HAIF, I thought this item from Swamplot was noteworthy. A restaurant is moving into a space at the ground floor of the Mosaic: http://swamplot.com/fine-dining-coming-to-hermann-park-east/2014-12-01/ FINE DINING, 24-HOUR ROOM SERVICE AND BUTLERS TOTING WINE COMING TO MOSAIC ON ALMEDA RD.
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