db650

The cost of concrete and steel construction  is also higher.

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. 

How are sales?

On 8/19/2020 at 1:34 PM, Paco Jones said:

Per a VP at GT Leach...

 

"Still early on 3723… The Paramount.  It’s currently still in the marketing phase.  It currently has zero (0) sales, so it might be a while." 

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.”

Any idea how sales are going for condo?

10 hours ago, astrohip said:

They're in! CO was issued Thursday, and they closed Friday. Already started moving stuff in, although they don't expect to start spending the night for a couple more days.

 

So far, she's happy. Said it was "brighter and more spacious than I expected". New condo owners are always a little anxious, often moving from 5,000+sqft McMansions, into smaller condos. But it's the rare new condo owner who doesn't come to love it before long. 

That’s so exciting! I hope they enjoy their new place and please send any pictures.

On 8/1/2020 at 10:37 AM, astrohip said:

My friend is still being told "end of August". She's on a lower floor, and was told once the entire floor gets the OK from COH, she can close.

 

And that pole... I drove by and took a look. It's set in asphalt, so they clearly are waiting for it to be moved, so they can concrete the patch.

You were right! I saw Centerpoint out on Sunday moving the pole. I was driving so I couldn't snap a picture. 

3 hours ago, astrohip said:

She was told the CO for her floor is due by the end of this coming week. They guaranteed her she would be able to move no later than Aug 25. No idea what a guarantee involves.

It would be neat if she was the first to move in and have whole place to herself.

Building looks about done. I’d imagine people will start moving in soon.

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.

Update from yesterday... garage, canopy and sidewalks are being installed.

Nice but looks so similar to neighboring Hanover. A little strange to have this be the site of a classic French inn too.

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.

Second crane coming down today.

Any idea why there would be scaffolding on the top like this?

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/

15 minutes ago, astrohip said:

A friend who bought a unit in The Revere was told their unit should be finished by late June. She wasn't clear if anyone else had started moving in, or if that was just her unit, or whether that's the entire project. She's not a sophisticated new const buyer.

 

They bought about a year ago.

Would love pictures from her. Usually buildings close from bottom to top. What floor is she on?

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.

Any updates on this building? Is it done by now and are people moving in? Wondering how the pandemic will impact occupancy.

4 hours ago, CraneHunter said:

Has there been talks of who the GC will be? I know G.T. Leach usually works with Randall Davis but I have not heard any updates on this.

I believe I read in one of the stories about this building that it is GT Leach. 

43 minutes ago, ekdrm2d1 said:

 

 

 

Looks really nice! 

9 minutes ago, Houston19514 said:

 

65% sold prior to completion, ,according to their website.  That seems like pretty decent sales.

It's been stuck at around this number for a long time.

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.  

per http://www.giorgettihouston.com/ home page: "move in begins early 2020." Any updated pictures?