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Everything posted by toxtethogrady

  1. 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.
  2. Oh, it could be worse; they could be texting and driving.
  3. Nice shot of Downtown. That's a view all the future tenants will get.
  4. 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.
  5. There goes the neighborhood. It takes a lot of apartments to make up for 21,000 being absorbed in a year.
  6. Apparently something like that happened downtown. I'm not sure if soil sampling caused it.
  7. 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.
  8. Some of the early photos of the construction of Kingdom Tower in Jeddah seem to indicate a rather shallow foundation with no piles. Not sure whether piles are being eschewed for other reasons or whether soil in Jeddah is more stable than Dubai. But the gumbo underlying Houston is certainly a design challenge.
  9. And in other news, a city water main was found to have developed a leak...
  10. I think they find the redo of the existing buildings is a bit underwhelming. The hotel will definitely be eye-popping.
  11. Six floors on two levels of parking? That's my guess...
  12. Never say never. Exxon picked up and left New York in 1989 without dropping many hints. Everyone involved (including the poor saps at Friendswood Development Corp.) was told not to let the cat out of the bag.
  13. So Upper Kirby for this? What with the Hanover and the existing buildings, that's going to be an interesting cluster of high-rises. And anything residential will do well.
  14. Working backwards, I'm guessing this one's still on target to begin construction early in 2015. Three months either side of that timeline aren't going to make a difference.
  15. It's pretty standard luxury apartment styling. Tan brick on the exterior, hardwood floors inside, high-insulating window glass, garage on the lower floors. It's been done to death.
  16. They'll have to. It's going to be 98 this weekend and not cooling off much overnight. When do the cranes show up?
  17. You can't get 34 units into a lot that small in less than seven floors. The downtown condos with 200+ units are 20 floors tall or more (unless they're a wrap covering two blocks).
  18. I could see E&P coming to Houston, while R&M stays up north. That's essentially how Marathon split its operation. That's if the whole kit and caboodle doesn't come to Houston. I found it significant that the IT, HR, tax and accounting departments are all rumored to be moving to the Woodlands. The only people who would be left in Irving would be Tillerson and his immediate lieutenants. If Tillerson weren't wed to his ranch in Fracking Hell, the whole company would be in Houston already.
  19. They are moving some very unusual departments to the new space in the Woodlands - heavy on the administrative functions without being the corner suites. It seems rather unusual for them to split their work groups like that. Commuting back and forth would be a pain. BP is not going to move to the US, but they are spinning off part of the company to a new Houston-based entity. Chevron's still got that Australian gas works to deal with before they start developing additional office space here in the States. I could see Exxon splitting in much the same way ConocoPhillips and Occidental split. That part of the company could end up in Houston. The other company would remain in Irving.
  20. Plus a Towne Place Suites, so that the people shopping in Walmart and Micro Center have a place to crash at the end of the day. Probably four levels of suite hotel goodness.
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