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Mark Resident

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  1. Looks like another cheesy staycation being built. This side of the Galleria can’t catch a break. Crime is really getting bad around here. I hear the Galleria Mall is getting more dangerous with each passing year. My condo building has seen more breakins lately. very sad and disappointing…
  2. Just a passing observation about the property across the street. 3535 Sage Road has a big for sale sign advertising 8.2 acre tract of land for sale. That’s pretty big chunk of land for this area. Also just south of 3525 Sage condos. Right now there is an abandoned two story commercial bldg along with a really big ugly parking lot. Looks like plenty of development opportunities around here… keeping my fingers crossed. Need lots more lovin in this part of town!
  3. Funny… you would think that with oil over $80 and not likely to drop anytime soon that they could tough it out a little longer. Big oil companies are starting to loosen their purse strings although cautiously. Economy overall seems pretty strong right now. Job demand is at all time highs… rising wages, etc. Of course, construction costs are likely to remain elevated too.
  4. Working on the east side of the property today. I keep reading that construction costs are starting to come down. Let’s keep our fingers crossed!
  5. Last week I noticed some activity on the site… looks like someone delivered some drainage pipe/culverts. Nothing this week. What a tease!
  6. Very disappointing... I had high hopes for this property. I suppose we will end up with another 4 story apartment building. Ugh!
  7. Just an FYI regarding the Mercer... our general manager at the Mark worked at the Mercer when it first opened. Apparently the skyrocketing price of cement prevented the second tower from being built. Just as well if you ask me. Same developer built both the Mercer and Mark and then went bankrupt. Back to topic... I noticed some soil testing (is that what they call it when drilling holes all over the property?) about 6 months ago on this property. Hope this and the McNair developments happen. This side of town desperately needs some lovin... The Bristol and particularly 3525 Sage is looking pretty shabby. The Mark was recently painted and is holding its own but we could use some new investment over our way.
  8. Why do they keep building apartments when the market is so saturated?
  9. I do not see an update other than the picture. Was there some kind of announcement about this or link? Thanks
  10. Looks like activity continues unabated. It’s interesting that they are already looking at windows. I thought that would occur later in the building process. I’m assuming that is a good sign for continued development past the initial infrastructure buildout.
  11. If you are native to Houston you have witnessed the cyclical nature of the oil industry and its impact on all things Houston, including real estate of course, going back many years. I still remember trying to get my career as an accountant off the ground in the mid 80’s when the local unemployment rate was 12%. Almost had to leave the city to find a job but got lucky at the last minute. And there have been several downturns (including this one) ever since. And without exception, everyone of those downturns was an opportunity to buy into Houston’s economy at a discount and reap big rewards later on. I don’t see why this downturn would be any different...
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