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Everything posted by db650

  1. His buildings appear to depreciate very fast. He does offer a lot of amenities and a bold taste, if that’s your thing. But if you look at recent sales data at Arabella and Astoria, pricing is way down from original.
  2. Interesting that they are using GT Leach, the GC for many of Randall Davis’s buildings. Hopefully this one will turn out differently.
  3. The Ashby high rise land is finally being put to use!
  4. Walked by the other night. 16 units and “breaking ground 2021.” Not sure if they sold any. The only progress since last year looks to be this new sign.
  5. I read 3 sales backed out among COVID uncertainty. I agree this one will be a long wait. And I’m sure there will be the inevitable design changes RD always seems to make. I actually like the look of this building, but then again I also liked the original Arabella plan until it got its “makeover.”
  6. That’s so exciting! I hope they enjoy their new place and please send any pictures.
  7. You were right! I saw Centerpoint out on Sunday moving the pole. I was driving so I couldn't snap a picture.
  8. It would be neat if she was the first to move in and have whole place to herself.
  9. Building looks about done. I’d imagine people will start moving in soon.
  10. Yes, this one seems to be moving fast. How are sales For the residential portion in this environment? I believe the condos are on top of a hotel, a very difficult business now.
  11. Update from yesterday... garage, canopy and sidewalks are being installed.
  12. Nice but looks so similar to neighboring Hanover. A little strange to have this be the site of a classic French inn too.
  13. 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.
  14. Any idea why there would be scaffolding on the top like this?
  15. 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/
  16. Would love pictures from her. Usually buildings close from bottom to top. What floor is she on?
  17. 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.
  18. 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.
  19. 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 developm
  20. 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.
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