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toxtethogrady

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Everything posted by toxtethogrady

  1. Geez - everyone's looking for progress on building proposals that were announced in January. Considering some projects often don't start for years after announcement, a project doesn't die if it hasn't made any progress in 8 months...
  2. One would think, but not everything out there is suitable. I see empty auto showrooms on the North Freeway, but nobody's in a hurry to redevelop them. But that could change.
  3. The second time was before Skyhouse River Oaks was announced. But yes, this has made the rounds.
  4. HBJ is reporting from other sources that Houston is on a pace to build 30,000 homes this year - a record. Add that to the 18,000 apartments and it's still not enough.
  5. Allen spent $60 million on it. And it's got engineering defects.
  6. This is probably one of the biggest projects since Heritage Plaza, and there are a whole lot more amateur photographers documenting this work than there were in the '80s.
  7. Those people look too old and too neat to be students.
  8. I'm hearing rents for a lot of the new buildings are $1.50-2.00 a square foot. The cheaper properties are all outside the Loop.
  9. It seems it would also be too expensive to be running out of developable lots. But that seems to be the chief lament of the developers from Downtown to Conroe. Not only that, but land and materials are getting expensive, and labor is in short supply.
  10. It's becoming more and more of a problem, as highlighted by recent articles in various publications stating that Houston is getting more expensive and less affordable overall. That's quite a reversal from ten years ago, when Houston's attraction was its affordability. And it's going to spread. The wards that used to have some of the cheapest real estate in town are now starting to attract a lot of gentrification (just ask the folks on the Northside, where Pegstar plans to put its new concert venue). The reaction of the middle and lower income population has been to move farther and farther o
  11. Nancy Sarnoff at the Chron asked a similar question and came up with: AmREIT Camden Property Trust Weingarten LGI Homes Whitestone REIT http://blog.chron.com/primeproperty/2014/08/stock-snapshot-houstons-publicly-traded-real-estate-companies/
  12. I had heard there were 28,000 units under construction at the moment - including some in buildings like 2929 Weslayan that have been underway for almost two years. And the pace of construction of 4-, 5- and 6-story midrises appears to be accelerating, if anything. But if one of those 30-story highrises has 300 units, it would take 60 of them to provide 18,000 units in a year. Imagine 300 new apartment towers in Houston by 2020. Now imagine it's not enough to meet demand.
  13. Oh, it could be worse; they could be texting and driving.
  14. Nice shot of Downtown. That's a view all the future tenants will get.
  15. Actually, I would have loved a train system that was entirely free. Fort Worth's Molly Trolley is an entirely free bus system that anyone can get on and off of at any station. It encourages more ridership and more visits downtown. I can understand a modicum of a need to recover costs, but that can be done so many ways other than extracting fares from passengers.
  16. There goes the neighborhood. It takes a lot of apartments to make up for 21,000 being absorbed in a year.
  17. Apparently something like that happened downtown. I'm not sure if soil sampling caused it.
  18. If not that, then the occupancy rates north of 90% should be a good lure. Houston is going to need new 21,000 apartments a year for the next 5 to 10 years. Some of them are going to have to go downtown.
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