Houston?

I'm ready for this to start construction!

Why does the title still say 21 stories?

I forgot about that project!

I don't think it will because Gables has new developments within close proximity of each other.

Also, the article said there are two more residential high rises, an office tower, and a hotel in works. Are these in addition to Skyhouse, this one, and RD's high rise?

This isn't bad. Now, I'm even more ready to see RD's tower!

What's going on with the development that's similar to this one off Richmond near its intersection with Weslayan in Greenway Plaza? I see that the lot has been cleared.

International Tower?

Where did the info come from?

Yaaaaaassss!

Indeed, the mayor's plan is huge and involves 7 blocks of unprecedented redevelopment for downtown Houston. This isn't the latest midrise or typical apartments going up...this project will create a signature shopping district in downtown Houston (similar to Michigan Avenue) and will restore world class retail to the CBD.

I've been involved with it for over 3 years, so I know what I'm talking about and I've proven myself with the mayor and the other executives making this happen. I have no time to argue with someone about what I know for fact, simply because they can't comprehend or believe the scope of the project.

She's made general information about the project public. I'm simply sharing what I can of behind-the-scenes happenings with fellow enthusiasts as progress is made, and will continue to do so.

How likely will ALL of this happen??? I don't have to know when.

I don't know who to believe.

There is no hotel in houston that compares in quality to ritz. Not even close. Lumping W and ritz together also isn't accurate. W is a clear notch below the ritz.

I'll repeat what I have been told very matter of factly - ritz isn't happening. The issue isn't reveue per room it's the rate they need to achieve to make the project feasible. Even with the addition of condos they are struggling to make it work.

W is working in uptown park. There's also a cool boutique hotel working in montrose.

But cities like St. Louis, Charlotte, and Cleveland have a Ritz Carlton.

Aww man. When will we hear more on it?

I hope this building is going to start construction soon. I like it!

I just read somewhere that the new phase of ROD is most likely going to be vertical. Will/can anyone confirm this?

But yet, ROD, Westcreek, High Street, and Azalea are all mixed in together, so the area does hold a candle to BA in some regards.

I wonder when CC and MC are going to finally connect...

I really can't disagree with that in terms of Cost of Living. Houston's apartment rents and average home prices are probably a little more expensive right now but the difference is negligible. Office rents are a different story.

Last time I checked, even the apartment rents were neck and neck. ITL rents are the fast growing just like the rents inside the perimeter in Atlanta. Several COL calculators say that housing is cheaper in Houston. I guess where one fails, the other one succeeds.

Neck and neck in what regard?

COL

It's weird, when I moved to Atlanta back in 2004 rents and home prices where noticeably more expensive than Houston (median home prices of $180K in ATL compared to Houston's $140K - but the collapse of 2008-2012 really hit Atlanta hard with lots of foreclosures decimating median home prices.  The two cities have essentially traded places over the last 10 years.

 

Developers started to build homes/apartments again in Atlanta in 2013 but nothing on the level of what Houston is doing. Funny, I used to come back and visit Houston between 2004-2007 and think that the city had some projects going up but not on the scale of what Atlanta was doing at the time, now its the exact opposite.

 

Friends in Atlanta see projects (i.e. 3 SkyHouses) starting again and are saying the city is on fire right now because there was such a lull for 5+ years, but really things are relatively slow in comparison to historical standards. For years Atlanta would average 60-70K residential building permits (including multifamily) and this year they will do about 20-25K while Houston will more than double that.

 

Basically - Houston experienced one year of 'all out' recession (2009) while it really lasted four years in Atlanta (2008-2011)

The two cities are really neck and neck now.

I can't w until they start on City Place. That's going to be nice. With this, The Woodlands, and Camp Strake, I-45 N is going to have several entertainment destinations.

What's the status on this tower? The bolded link had me excited.

 

http://www.ccimtexas.com/images/website243/cypress_real_estate_advisors__brochure_low_res.pdf

Chile, put it to rest. This is dead as a door knob.

Thanks! I hope it gets built out just like the pictures that someone posted recently.

When is construction supposed to start?

I hope this gets built in its entirety!