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Angostura last won the day on July 7 2010

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  1. From here. "as soon as this summer" probably means, "maybe this time next year."
  2. I wouldn't say it's purely decorative. Sett paving can last a lot longer than concrete or asphalt (centuries in many cases). And it has the beneficial side effect of slowing down vehicular traffic. On sidewalks in places with street trees, brick pavers (or, even better, Portuguese stone) undulate naturally with growth in the trees' root system, whereas concrete sidewalks crack. The material is ubiquitous on the sidewalks of residential neighborhoods in Rio de Janeiro, for example, for exactly this reason.
  3. There's an easy solution: make rights-of-way narrower. In EaDo, for example, something like 40% of land area is public right-of-way. If you increase the ratio of taxable land to paved surface by a factor of 3X or so, you could afford a lot nicer paving.
  4. The principals appear to be the same team behind Tikila's on Shepherd.
  5. I'm surprised they can add that much square footage without a parking structure. Though by the looks of the new buildings, it looks like there's a significant non-retail portion.
  6. The rendering looks great, but the most important thing to save from that building is its zero-foot front setback.
  7. Unfortunately, every concept is now a take out concept. IIRC, since the acquisition CB's baked goods are now done from a central commissary, so this should be a relatively easy concept to replicate, especially if they can lock in attractive lease terms.
  8. Commercial MBS markets are completely frozen. Commercial leaseholders will struggle to make lease payments, which means property owners and developers will struggle to make loan payments, which impairs the associated commercial MBS assets. For the most part, banks and other holders have foregone margin calls, and Fed is backstopping, but don't hold your breath for new funding.
  9. Saw a rumor that MF Sushi will move into the spot on White Oak being vacated by Barnaby's.
  10. To the extent Houston is still an industry town, I would expect phases 2 thru whatever to slow down. The energy industry is going to get absolutely hammered. Have a look at oil and gas stocks over the last month to see what the consensus outlook seems to be. Predictions are that global oil demand could be 10% lower, and prices below $20, which will decimate free cash flow at operators, who will need to slash capital spending to keep paying their dividends (oil majors are very reluctant to cut dividends), which will have a trickle down effect on the supplier base, much of which is s
  11. I'm very wary of words like “landmark” or “game changer”. The bigger a project is, the longer it will take to improve when it turns out to be terrible. I'd much rather see a 250-ft blockface divided into 10 pieces of 25-ft frontage than one single huge building. I mean, how much nicer is this: .... than this:
  12. Masson replied to a facebook post about this. Turns out... ...though there were issues besides rent (and parking):
  13. To be fair, building an actual mountain may be easier than eliminating parking minimums.
  14. You could plat it out with (mostly) narrow streets (30-ft RoW), small-ish blocks (~200-ft), small plots (mostly 25-ft frontage, with some 50 and 100-ft lots), require zero front setbacks, allow zero-ft side setbacks, institute a height limit (say, 50 ft), and exempt the area from parking minimums. Within a generation it'd be one of the most desirable neighborhoods in Houston.
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