kbates2 Posted September 28, 2013 Share Posted September 28, 2013 Por favor stop being lame. 3 Quote Link to comment Share on other sites More sharing options...
por favor gracias Posted September 29, 2013 Share Posted September 29, 2013 Larry Dierker makes that comment and I'M "being lame" for flipping the script? Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted September 29, 2013 Share Posted September 29, 2013 I was/am totally against this project, but I hope something gets built now that the Maryland Manor and all the landscaping and trees are gone. That lot is a huge scar now. Looks really terrible in such a pretty area of Houston. Quote Link to comment Share on other sites More sharing options...
LarryDierker Posted September 29, 2013 Share Posted September 29, 2013 Or perhaps you could build it in your own back yard. Provide the funds and its on. 1 Quote Link to comment Share on other sites More sharing options...
htownproud Posted September 29, 2013 Share Posted September 29, 2013 If not the Star of Hope, then something with lots of neon and 2 am last call. 2 Quote Link to comment Share on other sites More sharing options...
por favor gracias Posted September 29, 2013 Share Posted September 29, 2013 Provide the funds and its on. Well that sure is convenient. Quote Link to comment Share on other sites More sharing options...
por favor gracias Posted September 29, 2013 Share Posted September 29, 2013 I don't get why some people "feel the need" to take jabs at those who are simply standing up for the overwhelming interests of their community. It just comes off as rude and arrogant. Quote Link to comment Share on other sites More sharing options...
Subdude Posted September 30, 2013 Share Posted September 30, 2013 Htown has a good point here. They fought the battle and lost. It's time for the signs to come down. But they haven't lost. The case was not dismissed and goes to jury trial in November. Figure in appeals etc, and the site could remain vacant for a long time yet. Squeaky wheels, grease.. Quote Link to comment Share on other sites More sharing options...
Moore713 Posted September 30, 2013 Share Posted September 30, 2013 I just dont understand, with Downtown hading out tax breaks like crazy to get places like this built, and other more scenic areas in Houston begging for development why are the developers dead set on pushing this one.. A place like this would be great in the Herman park area...Can someone tell me why they are fighting so hard for a area that does not even want them there. Quote Link to comment Share on other sites More sharing options...
Subdude Posted September 30, 2013 Share Posted September 30, 2013 They probably just don't want to lose the investment they already made, although perhaps they could flip it as-is and still come out ahead. Quote Link to comment Share on other sites More sharing options...
Moore713 Posted September 30, 2013 Share Posted September 30, 2013 They probably just don't want to lose the investment they already made, although perhaps they could flip it as-is and still come out ahead.True but even thou we all know that those who oppose them will lose in the end.. How long is does this project get delayed in the process? months, years ?.. In the end they still lose millions in lawyer fee.s and various other costs .. Quote Link to comment Share on other sites More sharing options...
htownproud Posted October 1, 2013 Share Posted October 1, 2013 But they haven't lost. The case was not dismissed and goes to jury trial in November. Figure in appeals etc, and the site could remain vacant for a long time yet. Squeaky wheels, grease..But what do the signs add to the lawsuit? the signs on the fences along Greenbriar are a great example. they are all faded and almost completely covered by the vines on the fences. if your plastic sign has disintegrated and the vegetation has covered it up, then it's been up too long. 2 Quote Link to comment Share on other sites More sharing options...
Marcus Allen Posted October 2, 2013 Share Posted October 2, 2013 Perhaps, the developers think that yes, at first it will be hated, but like many things in life, the community will get used to it. Then they can gobble up other tracts of land in the area and in a few years, or a decade or so, other projects similar to this will rise. The more that rise, the less opposition it will have. Just a thought. And yes, with so much opposition, I also wonder why the hard push to get this built when so much of the inner loop is ripe for highrise development. I live in the Copperfield area, and our neighborhoods are roughly 25yrs old. Single or double storey only. I would not want something like this in my neighborhood, personally. On the other hand, I see vacant plots of land STILL on Eldridge and Hwy 6. I would gladly welcome a highrise in those areas. Quote Link to comment Share on other sites More sharing options...
LarryDierker Posted October 2, 2013 Share Posted October 2, 2013 Then they can gobble up other tracts of land in the area and in a few years, or a decade or so, other projects similar to this will rise. The more that rise, the less opposition it will have.A boy can dream.This is the perfect location for a tower to help fill the skyline gap. 1 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted November 13, 2013 Share Posted November 13, 2013 Houstonians for Responsible Growth, a nonprofit that represents developers, filed an amicus curiae brief in anticipation of Monday’s trial over the lawsuit filed against the developers of the proposed 21-story high-rise at 1717 Bissonnet, which is widely known as the Ashby High-rise.It states that the lawsuit attempting to stop the project by the neighborhood group is a “tool” to push zoning on a property that is slated for a lawful use. ”The control of the city’s development should not be shifted from the government to unelected citizens by way of nuisance actions, and the Court should reject such an attempt,” the brief states.Full Article: http://blog.chron.com/primeproperty/2013/11/brief-court-should-reject-neighborhoods-attempt-to-stop-ashby-high-rise-developers/?cmpid=staffblogshcat Quote Link to comment Share on other sites More sharing options...
Naviguessor Posted November 13, 2013 Share Posted November 13, 2013 Build, Baby, Build. 4 Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted November 16, 2013 Share Posted November 16, 2013 They should add 30 stories for the hell of it. Quote Link to comment Share on other sites More sharing options...
lockmat Posted December 6, 2013 Share Posted December 6, 2013 The Chron has been reporting on the trial. Today in court, an appraiser said the tower would lower neighborhood home values. Isn't that irrelevant to whether this is legal? To me, the Ashby attorneys should state that and not even bother arguing that point. Or am I wrong? http://blog.chron.com/primeproperty/2013/12/appraiser-testifies-ashby-high-rise-will-hurt-home-values/ 1 Quote Link to comment Share on other sites More sharing options...
Triton Posted December 6, 2013 Share Posted December 6, 2013 This is an upscale highrise. As one person in the Chron comments said, this isn't a greyhound bus station. This may hurt property values for a short while because of the simple fact that you now have a giant highrise looking into your backyard; however, we're talking about the Rice area here. Those values will surely go back up. Look at the highrises that were built near River Oaks in the 70s and 80s. Pretty sure property values there are ever increasing... Quote Link to comment Share on other sites More sharing options...
lockmat Posted December 6, 2013 Share Posted December 6, 2013 This is an upscale highrise. As one person in the Chron comments said, this isn't a greyhound bus station. This may hurt property values for a short while because of the simple fact that you now have a giant highrise looking into your backyard; however, we're talking about the Rice area here. Those values will surely go back up. Look at the highrises that were built near River Oaks in the 70s and 80s. Pretty sure property values there are ever increasing... But is the question of it increasing or decreasing the values even relevant to the legality of them being able to build? Quote Link to comment Share on other sites More sharing options...
Triton Posted December 6, 2013 Share Posted December 6, 2013 But is the question of it increasing or decreasing the values even relevant to the legality of them being able to build? True. Do we have some precedence for this lawsuit? Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted December 6, 2013 Share Posted December 6, 2013 But is the question of it increasing or decreasing the values even relevant to the legality of them being able to build?Nope.The nimbys would not have a case if they cant prove it is illegal for Ashby to build a highrise there, which it is not. The issues of properties values going down, the nimbys not liking that this is being built, the possibility that traffic might increase, etc, are all irrelevant.The only reason they have taken Ashby to court is to discourage them from building by putting up such a huge fight, whining and bitching and dragging things out, using their rich politician friends to create bogus red tape and to cost the developers an untold fortune in legal fees in hopes the developers will decide to just cut their losses and give up.Which aint gonna happen. 1 Quote Link to comment Share on other sites More sharing options...
shasta Posted December 6, 2013 Share Posted December 6, 2013 The Chron has been reporting on the trial. Today in court, an appraiser said the tower would lower neighborhood home values. Isn't that irrelevant to whether this is legal? To me, the Ashby attorneys should state that and not even bother arguing that point. Or am I wrong? http://blog.chron.com/primeproperty/2013/12/appraiser-testifies-ashby-high-rise-will-hurt-home-values/ Let's think about this logic....if a person, who lives in a nearby house and plans to stay there for while wouldn't lower property values be a blessing?? The whole tax system in Texas is largely based on property taxes of your value of property. If your 1 million dollar home is now valued at $700k you will be paying LESS in taxes. In Texas you choose how much taxes you want to pay as per your residence selection. Like I said, if your plan is to stay and live in one of the most desirable places in the city then you are savings 10s if not 100s of thousands over a X year period by having this quality development near your resident (according to their argument) Of course, I actually think this project will raise their property values but just playing devil's advocate here. Quote Link to comment Share on other sites More sharing options...
Tumbleweed_Tx Posted December 7, 2013 Share Posted December 7, 2013 the people who live in that area want it to be exclusive- they want the property value high to keep out those who are not like them, and they don't care about paying higher taxes on the property. It's just money to them.( i have a client who lives in the noontime shadow of AHR on the other side of Bissonnett.... that is his attitude) Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted December 8, 2013 Share Posted December 8, 2013 the people who live in that area want it to be exclusive- they want the property value high to keep out those who are not like them, and they don't care about paying higher taxes on the property. It's just money to them.( i have a client who lives in the noontime shadow of AHR on the other side of Bissonnett.... that is his attitude) Hilariously misinformed statement is hilarious. Question, which apartment community do you think will have higher rents, The Maryland Manor apartments that were torn down or the "luxury" high rise planned to replace it? But hey, you have a client... 1 Quote Link to comment Share on other sites More sharing options...
august948 Posted December 8, 2013 Share Posted December 8, 2013 Hilariously misinformed statement is hilarious.Question, which apartment community do you think will have higher rents, The Maryland Manor apartments that were torn down or the "luxury" high rise planned to replace it?But hey, you have a client...I suspect the local residents weren't particularly fond of Maryland Manor, either. Quote Link to comment Share on other sites More sharing options...
lockmat Posted December 9, 2013 Share Posted December 9, 2013 Unless someone in the neighborhood buys it themselves to build a house, that lot will sit empty because it's worth way too much not to build apartments or condos. Quote Link to comment Share on other sites More sharing options...
Triton Posted December 9, 2013 Share Posted December 9, 2013 Ultimate troll: get greyhound to move the bus station there. 5 Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted December 9, 2013 Share Posted December 9, 2013 Ultimate troll: get greyhound to move the bus station there.Lmao!!!!! Quote Link to comment Share on other sites More sharing options...
lockmat Posted December 13, 2013 Share Posted December 13, 2013 Some really good commentary of the Ashby trial from Erin Mulvaney and Nancy from the Chronicle over the past few days. Start from the bottom of this post to read them in order. Erin Mulvaney @erinmulvaney 11 Dec #AshbyTrial halted until Monday as structural engineers from both sides analyze new evidence from defense. Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 11 Dec Appraiser: If this owner wasn't building the high-rise in that spot, it would be someone else. The demand is too high. #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 11 Dec Appraiser on stand to analyze the claims made during residents' expert testimony #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 11 Dec Resident testifies he would like Ashby high-rise in his neighborhood. Has brokered a deal in neighborhood and knows developers #AshbyTrial Expand Reply Retweet Favorite More Nancy Sarnoff @nsarnoff 10 Dec Architect Britten Perkins of EDI International takes the stand. Says he's designed highrises on smaller parcels than Ashby site #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 10 Dec Keep up with the #AshbyTrial this afternoon with @nsarnoff Jury hearing from residents in favor of the project Expand Reply Retweet Favorite More Nancy Sarnoff @nsarnoff 10 Dec Resident has lived in highrises in the past and says being able to walk to a restaurant is positive. #AshbyTrial Expand Reply Retweeted Favorite More Nancy Sarnoff @nsarnoff 10 Dec Resident's ex-husband is related to the developers. He's a nephew of one and cousin of the other. #AshbyTrial Expand Reply Retweeted Favorite More Nancy Sarnoff @nsarnoff 10 Dec Resident says controversy has been "very troubling" and notifications from protesters have had a "significantly negative edge." #AshbyTrial Expand Reply Retweeted Favorite More Nancy Sarnoff @nsarnoff 10 Dec Boulevard Oaks resident who favors the project takes the stand. She lives about a block from the site. #AshbyTrial Expand Reply Retweeted Favorite More Nancy Sarnoff @nsarnoff 10 Dec Lighting expert says most parking garages have more "foot candles" (light measurement) than ashby garage will #AshbyTrial Expand Reply Retweeted Favorite More Nancy Sarnoff @nsarnoff 10 Dec Bos brought a light fixture into the courtroom and is now demonstrating how it will shine light in the garage #AshbyTrial Expand Reply Retweeted Favorite More Nancy Sarnoff @nsarnoff 10 Dec Defense calls lighting expert John Bos #AshbyTrial Expand Reply Retweeted Favorite More Nancy Sarnoff @nsarnoff 10 Dec Developers wouldn't have had to do traffic anal w/out restaurant. Steitle: "They almost didn't have to do one to begin with." #AshbyTrial Expand Reply Retweeted Favorite More Nancy Sarnoff @nsarnoff 10 Dec We're back with live updates from the #AshbyTrial. Testimony continues this afternoon from developer's traffic expert David Steitle. Expand Reply Retweeted Favorite More Erin Mulvaney @erinmulvaney 5 Dec Ashby developer says there will be more green space and distance from curb than older apt complex previously on that site #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 5 Dec Houstonian left me a message to say he would love to live in the area around Ashby high-rise but cannot afford house #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 5 Dec Engineer: If I had known from the beginning it would go to the lawsuit and we needed full blown data, I would have done it. #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 5 Dec Engineer on stand in #AshbyTrial says residents' expert erred in his calculations. Here's what the other guy said: http://www.houstonchronicle.com/business/real-estate/article/Engineer-says-high-rise-would-damage-homes-5015271.php?t=cf38f1b49b7b6b599e … Expand Reply Retweet Favorite More Mike Snyder @chronsnyder 5 Dec "I grew up in this neighborhood," developer tells jurors in #Ashbytrial. @erinmulvaney reports: http://www.houstonchronicle.com/business/real-estate/article/Ashby-backer-says-he-grew-up-in-area-5036235.php?t=3a097662483b9e5e12 … #hounews Expand Reply Retweet Favorite More Nancy Sarnoff @nsarnoff 5 Dec Developer takes the stand in #AshbyTrial to defend his project http://www.houstonchronicle.com/business/real-estate/article/Ashby-backer-says-he-grew-up-in-area-5036235.php?t=3a097662483b9e5e12 … @ErinMulvaney Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 5 Dec Engineers watch carefully over construction site to avoid errors that could cause foundation problems, expert says #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 5 Dec The battle of experts is in full swing at #AshbyTrial Engineer testifies the tower will not affect the structure of residents' homes Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Developer says some of his earliest memories are of neighborhood near Rice University where he grew up. it's important to him #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Kevin Kirton, one of the developers, called to the stand #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Festa: Austin, as part of larger trend, is revamping its zoning code to become less restrictive as it becomes more dense #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Festa: People in the planning community saying lets make land use more inclusive, less restrictive. #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Festa: The secret Houston has is that is does have some land regulations, such as deed restrictions, private covenants #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Festa: Houston is famous for not being a zoned city #AshbyTrial Voters turned down zoning several times Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Law professor Matthew Festa who specializes in land use issues takes the stand #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Lawyers arguing to judge whether damages can be claimed before building is constructed #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Defense attorney suggests some houses left out of appraiser's analysis, including http://on.trulia.com/1dQpE3P #AshbyTrial He says not comparable Expand Reply Retweet Favorite More Nancy Sarnoff @nsarnoff 4 Dec Morning update on #AshbyTrial http://blog.chron.com/primeproperty/2013/12/appraiser-testifies-ashby-high-rise-will-hurt-home-values/ … Appraiser testifies high-rise will hurt home values Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Att. says certain homes not included to compare home values to affected high-rise site. Expert says these are not comparable #ashbytrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Defense attorney claims appraiser didn't take into account other developments in his home value estimate http://bit.ly/1cWZ3gG #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec On cross, defense attorney suggests residents' protests, press coverage had an effect on property values #AshbyTrial Appraiser disagrees. Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Signs coming up again in #AshbyTrial . Here's what they look like in case you haven't been around for last 7 yrs: http://bit.ly/18i4M11 Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec On cross, attorney asks whether hypothetical info used for decrease in home values? Of course, the tower hasn't been built. #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Expert disagreed that yellow and black signs would cause any property damage #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Homes around site of high-rise now appear to be valued b/n about $520,000 to $2.7 million based on appraiser's chart #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec It has been suggested that the big yellow & black Tower of Traffic signs in neighborhood could lead to lower property values #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Appraiser says the decrease in value is a minimum estimate bc market puts into play that the tower may not be built #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Home values around Ashby high-rise would decrease b/n 12 to 19 percent and townhomes 16 percent. #AshbyTrial Expand Reply Retweet Favorite More Mike Snyder @chronsnyder 4 Dec The Chronicle's @erinmulvaney is tweeting updates from the #ashbytrial over contentious Rice-area high-rise project Expand Reply Retweet Favorite More Merde D. Artiste @poopaltar 4 Dec Breaking: New design revealed in #ashbytrial pic.twitter.com/k9hlcT696L View photo Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Correction: That's 22 percent on average. #AshbyTrial Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Appraiser in #AshbyTrial says that home values near high-rise will sink 22 percent compared to unaffected homes, or $46 a foot Expand Reply Retweet Favorite More Erin Mulvaney @erinmulvaney 4 Dec Appraiser on stand for residents in #AshbyTrial to determine high-rise effect on property values of surrounding homes. Expand Reply Retweet Favorite More Nancy Sarnoff @nsarnoff 4 Dec Following the #AshbyTrial? Developers to state their case today http://blog.chron.com/primeproperty/2013/12/ashby-high-rise-trial-defense-testimony-to-begin-wednesday/ … @erinmulvaney will have live updates Expand Reply Retweet Favorite More Ronnie Crocker @rcrocker 3 Dec Colleague @erinmulvaney will tweet from tomorrow's #AshbyTrial testimony as defense gets its say: http://blog.chron.com/primeproperty/2013/12/ashby-high-rise-trial-defense-testimony-to-begin-wednesday/ … Expand 4 Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted December 13, 2013 Share Posted December 13, 2013 The residents are myopic indeed. Thanks for posting. Very dramatic. Quote Link to comment Share on other sites More sharing options...
talltexan83 Posted December 17, 2013 Share Posted December 17, 2013 http://blog.chron.com/primeproperty/2013/12/jury-sides-with-residents-in-ashby-case/?cmpid=bna Quote Link to comment Share on other sites More sharing options...
Subdude Posted December 17, 2013 Share Posted December 17, 2013 'Twill be a happy Christmas in Southampton: A verdict has been reached in years-long fight between residents and the developer of a planned 21-story high rise in the Rice University area. A jury has unanimously sided with residents who've filed a lawsuit opposing the construction of the Ashby High Rise at 1717 Bissonnet. As for the future of the high rise, the judge will now determine whether the project is a permanent nuisance, and if the judge says yes, it could stop the project...This case is sure to set a precedent for the future of development here in Houston. http://abclocal.go.com/ktrk/story?section=news/local&id=9363856 Squeaky wheels....grease... Quote Link to comment Share on other sites More sharing options...
Subdude Posted December 17, 2013 Share Posted December 17, 2013 It will be interesting to see if the developer appeals, and if so, on what grounds. How much can they be willing to sink into this proposal? What will be even more interesting is the extent to which this ruling really does set a precedent. I'm sure the people in River Oaks who are unhappy with the proposed office building on San Felipe are paying extremely close attention. Quote Link to comment Share on other sites More sharing options...
infinite_jim Posted December 17, 2013 Share Posted December 17, 2013 It will be interesting to see if the developer appeals, and if so, on what grounds. How much can they be willing to sink into this proposal? What will be even more interesting is the extent to which this ruling really does set a precedent. I'm sure the people in River Oaks who are unhappy with the proposed office building on San Felipe are paying extremely close attention.In order for the jury to award tort monies, tort has to be proven not speculated. 1 Quote Link to comment Share on other sites More sharing options...
nate Posted December 17, 2013 Share Posted December 17, 2013 (edited) Keep in mind that this win for 20 of the 30 Plaintiffs does not mean that the Project will not get built, even if it is upheld on appeal. Judge Wilson will hold a separate hearing on whether or not to permanently enjoin the Project. If there is no injunction issued, the Project could go forward with the payment of damages that were determined by the jury today. Attached is the Charge of the Court with the jury's findings.58775292.PDF Edited December 17, 2013 by nate Quote Link to comment Share on other sites More sharing options...
Gator80 Posted December 18, 2013 Share Posted December 18, 2013 Wow. I guess all of those goofy signs worked after all. 1 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted December 18, 2013 Share Posted December 18, 2013 Ugh I hope it gets built.. 1 Quote Link to comment Share on other sites More sharing options...
TowerSpotter Posted December 18, 2013 Share Posted December 18, 2013 Ugh I hope it gets built..Yeah such a bummer....I think there is still a bit of hope. Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted December 18, 2013 Share Posted December 18, 2013 You have seriously got to be kidding me.I have no words. Where did these jurors come up with these random/outrageous dollar amounts? Even down to 'xx,xxx.58 cents'. Cents? Really?? Who the hell do you think you are? Man, now I REALLY hope this thing gets built so bad and it actually DOES lower their precious property values to the tune of more than they are awarded and they end up having to stay living under the "Tower Of Terror" because moving out would equal a huge loss. Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted December 18, 2013 Share Posted December 18, 2013 I wanna know who handpicked that "appraiser", he was probably greased by the deep pockets of the residents.I HIGHLY doubt that if this project gets built i will be able to waltz into SouthHampton and buy a house for 22% less than what I can now. If anything, like other posters have already stated, it will just make everything even more expensive than it is now.Buncha hogwash. Quote Link to comment Share on other sites More sharing options...
jt16 Posted December 18, 2013 Share Posted December 18, 2013 Without injunctive relief, the project would just move forward anyway and the developer would appeal or settle the jury award. Quote Link to comment Share on other sites More sharing options...
Triton Posted December 18, 2013 Share Posted December 18, 2013 Wait wait wait... they are getting paid damages for something that hasn't even been built and may not be allowed to be built. Okay. 1 Quote Link to comment Share on other sites More sharing options...
Subdude Posted December 18, 2013 Share Posted December 18, 2013 Wait wait wait... they are getting paid damages for something that hasn't even been built and may not be allowed to be built. Okay. I believe the damages are payable only if the project is built. Buckhead (the developer) has said they will appeal, but I don't think they said on what grounds. I'm no lawyer, so correct me if I'm wrong, but it's my understanding that appellate courts are hesitant to overturn (unanimous) jury verdicts except when there has been an error of some sort, or something that compromised the fairness of the trial. Quote Link to comment Share on other sites More sharing options...
Nucleareaction Posted December 18, 2013 Share Posted December 18, 2013 My lord... Read the article and understand it before replying! When all is said and done, how much is $1.6m in damages compared to the cost of construction? Quote Link to comment Share on other sites More sharing options...
capnmcbarnacle Posted December 18, 2013 Share Posted December 18, 2013 You have seriously got to be kidding me.I have no words. Where did these jurors come up with these random/outrageous dollar amounts? Even down to 'xx,xxx.58 cents'. Cents? Really?? Who the hell do you think you are? Man, now I REALLY hope this thing gets built so bad and it actually DOES lower their precious property values to the tune of more than they are awarded and they end up having to stay living under the "Tower Of Terror" because moving out would equal a huge loss. I'm sure they got these numbers from various appraisers and expert witnesses who put a number on the loss of market value. Both sides got the chance to present testimony from their own expert witnesses and the jury got to decide who they believed. There is nothing too surprising about this verdict. If you are the guy next door, is having a 20 story building over your backyard a nuisance? I see how the jury would think it is, and it's easy to get an appraiser to give an opinion on a loss in value if it gets built. It's also clear the jury thought other people were too far away to be effected and gave them nothing. That being said, I'd be very surprised if the judge permanently enjoins this project. The residents will get compensated for the loss of use and enjoyment of their property and Buckhead will build their building. 1 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted December 18, 2013 Share Posted December 18, 2013 If the Tower doesn't get built, I will ring a church bell and claim it the day that no-zoning died in Houston. 1 Quote Link to comment Share on other sites More sharing options...
talltexan83 Posted December 18, 2013 Share Posted December 18, 2013 I still believe the primary tactic of the residents is to delay this project until legal fees, shift in capital markets, shift in demand, etc force Buckhead to take another route. I know Buckhead has very publicly stated they will fight this as far as it can go (Supreme Court?), but the costs they're incurring have to be getting outrageous? Do you think they'll eventually sue to recoup those expenses? I'm also betting they can sell the parcel for a very healthy profit (not bad for a "worse case scenario"). I did have another general question: Hines vs Buckhead: In a project like this, how much does the relative profile/experience of the firm come into play when we're talking about securing financing or quality contractors? Has Buckhead completed a project like this before? Does that even matter? Quote Link to comment Share on other sites More sharing options...
Triton Posted December 18, 2013 Share Posted December 18, 2013 Now I fear we'll have to turn our eyes to the Hines tower near River Oaks. Quote Link to comment Share on other sites More sharing options...
Subdude Posted December 18, 2013 Share Posted December 18, 2013 I still believe the primary tactic of the residents is to delay this project until legal fees, shift in capital markets, shift in demand, etc force Buckhead to take another route. I know Buckhead has very publicly stated they will fight this as far as it can go (Supreme Court?), but the costs they're incurring have to be getting outrageous? Do you think they'll eventually sue to recoup those expenses? That's what I don't understand. Given the resistance of the neighborhood, why would they continue to push the tower? Why not work with the neighborhood to come up with something everyone can live with? Who are they benefiting by being confrontational? Quote Link to comment Share on other sites More sharing options...
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