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db650

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  1. db650
    I hope they will move that utility pole. Looks like a big safety hazard. Although, you would think if they were going to move the pole, they would’ve done so before pouring the ramp.
  2. db650
    Second crane coming down today.
  3. db650
    Any idea why there would be scaffolding on the top like this?
  4. db650
    Tour, and video, of the model. It looks very nice. https://www.papercitymag.com/real-estate/revere-river-oaks-mid-rise-houston-designer-chandos-dodson-epley/
  5. db650
    Would love pictures from her. Usually buildings close from bottom to top. What floor is she on?
  6. db650
    Here’s a unit on fourth floor for $686 per square foot in The River Oaks. https://www.har.com/homedetail/3433-westheimer-406/13596169 and here’s a unit on the fourth floor at The Moderne for $451 per square foot. https://www.har.com/homedetail/2406-tangley-400/13781462 The RO is more than 50 percent expensive per square foot. My point is The Moderne buyer is not the same as The River Oaks buyer. True luxurious buildings are not siphoning off demand for this project. It is probably nice town homes that are competing.
  7. db650
    The RO and the Wiltshire are something like 40 percent more money per square foot. Arabella is a Randall Davis building which means it’s already depreciated substantially so you can get a less expensive unit there but still more than Moderne.
  8. db650
    Starting at about 350 a square foot, these are competitively priced for a mid-rise in this location with these finishes. HOAs at under .40 per square foot is also cheap. The problem, in my opinion, is the very small size of the building. It makes it impossible to support any amenities and adds a lot of risk. One bad neighbor tanks the building. I agree about the poorly designed parking. It seems like this one is destined to fold. Interestingly, the other condo building in the Village, The Robinhood, has struggled for much of its existence. The Village seems like a prime spot for these developments but they don’t seem to do well. Randall Davis wanted to put up a Chateau Ten midrise just behind Chocolate Bar but that project was scrapped. With all of the restaurants, shops, etc, I’m surprised this location is not working out too well.
  9. db650
    It's typical for new construction to have individually metered electric but common gas and hot water. Even in buildings with chillers, the fan's to distribute the air to a unit are metered in each unit. Older buildings with all utilities included such as the Willowick nearby the Giorgetti have HOAs nearing $1.00 per square foot.
  10. db650
    Any updates on this building? Is it done by now and are people moving in? Wondering how the pandemic will impact occupancy.
  11. db650
    I believe I read in one of the stories about this building that it is GT Leach.
  12. db650
    Looks really nice!
  13. db650
    It's been stuck at around this number for a long time.
  14. db650
    I agree it makes sense in theory, but in practice, these buildings are too expensive so they are niche markets. I love the Giorgetti building nearby the Westmore, but it's not selling very well. Granted, the Westmore or priced slightly less expensive, and with smaller units. We will see how the market speaks.
  15. db650 started following Giorgetti Houston: 7-Story Residential Building
  16. db650
    per http://www.giorgettihouston.com/ home page: "move in begins early 2020." Any updated pictures?
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