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toxtethogrady

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Everything posted by toxtethogrady

  1. toxtethogrady
    Are they kidding? US GDP figures just came out at 4.2%. The latest Texas Labor Market Indicator showed Houston has created 110,000 jobs YOY. Shouldn't a 2016 crash be a concern some place like Dallas?
  2. toxtethogrady
    10%? I've been hearing costs have gone up almost 50%. And there are labor shortages. I wonder if any of those kids from Honduras know how to swing a hammer.
  3. toxtethogrady
    This one started life as 2x12. When the renders came out (shown on Page 1), it looked like 8. I'm not sure who got the idea it was 21, but it appears that the idea all along was for 8 stories - possibly in one monolithic building spanning two city blocks. Oh, well...
  4. toxtethogrady
    Speaking of which, there's a tall crane over by the Medical Center. Which project is that?
  5. toxtethogrady
    40 is the new 39.
  6. toxtethogrady
    Well, the article says it's started. Now if this were DC, that H-E-B would be on the first floor.
  7. toxtethogrady
    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...
  8. toxtethogrady
    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.
  9. toxtethogrady
    The second time was before Skyhouse River Oaks was announced. But yes, this has made the rounds.
  10. toxtethogrady
    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.
  11. toxtethogrady
    Allen spent $60 million on it. And it's got engineering defects.
  12. toxtethogrady
    Now, that's an Art Car!
  13. toxtethogrady
    Including the one in Allen, Texas?
  14. toxtethogrady
    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.
  15. toxtethogrady
    You mean not too many alligators?
  16. toxtethogrady
    Yep - the first Porta-potty just showed up!
  17. toxtethogrady
    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.
  18. toxtethogrady
    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.
  19. toxtethogrady
    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 out. The word is they can't develop lots fast enough to meet the demand for housing, and the demand for apartments absorbed 21,000 units in the past year. Houston is turning into New York.
  20. toxtethogrady
    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/
  21. toxtethogrady
    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.
  22. toxtethogrady
    If only it were going to be taller...
  23. toxtethogrady
    Plenty of that Downtown this weekend.
  24. toxtethogrady
    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.
  25. toxtethogrady
    There goes the neighborhood. It takes a lot of apartments to make up for 21,000 being absorbed in a year.
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