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River Oaks District: Retail/Office/Residential On Westcreek


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Isnt all money made overseas untaxable in the US, up to a certain amount??

i am not certain regarding "all" money.  for i am sure there shall be guidelines / criteria depending upon how one goes about performing their trade etc..  however, upon my line of business, any sum over $95,000.00 is indeed taxable to some degree.  also, should one come home to the states to visit for more than 30x days... they shall indeed be taxed.  

 

this is why i stay away and relax where ever i am.  i am single.  therefore, i don't have people bothering me.... period.  

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Yes, that is my philosophy with everything. Same can be applied: build 1 nice building than 2 cheap ones

 

(philosophy being defined as quality over quantity)

 

I agree in regards to quality over quantity. For example, I usually buy top of the line Mac computers that last 2x or 3x longer than cheap PCs. I only recently retired the Power Mac G5 computer that I bought in August 2004 - but I plan to drive it up to my mom's house this weekend, and upgrade her from an even older Power Mac G4. Hopefully she can get another year of use out of the G5.

 

What is the definition of quality for clothes, however? Is the fabric on a more expensive garment actually of better quality? Is it more durable than a cheaper garment? Surely a large amount of the cash put towards the purchase of name-brand "fashionable" type garments, goes towards costs such as marketing, which have no bearing on the build quality of the actual product, and in fact marketing serves to influence customers to potentially disregard practical benchmarks such as quality and durability in favor of more superficial benchmarks such as brand and fashion.

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(philosophy being defined as quality over quantity)

 

I agree in regards to quality over quantity. For example, I usually buy top of the line Mac computers that last 2x or 3x longer than cheap PCs. I only recently retired the Power Mac G5 computer that I bought in August 2004 - but I plan to drive it up to my mom's house this weekend, and upgrade her from an even older Power Mac G4. Hopefully she can get another year of use out of the G5.

 

What is the definition of quality for clothes, however? Is the fabric on a more expensive garment actually of better quality? Is it more durable than a cheaper garment? Surely a large amount of the cash put towards the purchase of name-brand "fashionable" type garments, goes towards costs such as marketing, which have no bearing on the build quality of the actual product, and in fact marketing serves to influence customers to potentially disregard practical benchmarks such as quality and durability in favor of more superficial benchmarks such as brand and fashion.

 

People often think that the price is simply marked higher because of the brand when, lets not be naive though, it does play a part, but not that much if at all. A brand gets more recognition because it's simply a higher quality product because it uses higher quality stuff. I mean Walmart is a pretty BIG brand, but you don't see it affect prices....actually you associate that brand with the products being cheaply priced! For garments it really does depend on the fabric that its made of and where it was made (meaning labor). All that I'm talking about btw is materials and products and not about the actual business and the market which is way out of my realm. A shirt that's made of silk and made in america is going to fetch a big cost while a shirt made of cotton from Bangladesh will fetch an extremely low price. Those are extremes on the spectrum ofc but it shows the many variations fashion can take. Better materials, even though they are expensive, mean that it will last longer which also means that the asking price will be a bit higher.

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Listen, swtsig is no doubt our best insider but I don't see why htownlive can't be telling the truth. Sounds legit to me.

Some people here sure do like to try and scare away new insiders without giving them a chance. HAIF would have more if others weren't chased off.

 

 

Best Hotels in Texas & the Southwest: Readers' Choice Awards 2014

http://www.cntraveler.com/readers-choice-awards/2014/united-states/best-hotels-in-texas-and-the-southwest-readers-choice-awards-2014

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point well taken.  thanks for sharing the insight.  wait until they get a whiff of the new JW MARRIOTT downtown houston... this hotel is splendid.

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I'm just going to say I find it hard to believe someone's credentials when they come blasting them all over the place....so if you come on the internet and say you're part of Parker's inner circle, I am hesitant to believe you, mostly because if you were found out, you would be shitcanned in like five seconds for being a leak (politicians love those). 

 

The other people on this forum, are understated, come with information, but don't really let us know how they come by it, but we get the impression from their scope of knowledge that they are in the development or commercial real estate industry. 

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People often think that the price is simply marked higher because of the brand when, lets not be naive though, it does play a part, but not that much if at all. A brand gets more recognition because it's simply a higher quality product because it uses higher quality stuff. I mean Walmart is a pretty BIG brand, but you don't see it affect prices....actually you associate that brand with the products being cheaply priced! For garments it really does depend on the fabric that its made of and where it was made (meaning labor). All that I'm talking about btw is materials and products and not about the actual business and the market which is way out of my realm. A shirt that's made of silk and made in america is going to fetch a big cost while a shirt made of cotton from Bangladesh will fetch an extremely low price. Those are extremes on the spectrum ofc but it shows the many variations fashion can take. Better materials, even though they are expensive, mean that it will last longer which also means that the asking price will be a bit higher.

Exactly. For those of us who care about better clothing and fashion, at least for me, name brand does mean a lot. If I associate that brand with high quality products designed by well-known designers, then I'm going to buy it and proudly wear it/show it off. For me, fashion is a statement about myself I like to maintain and uphold. 

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Exactly. For those of us who care about better clothing and fashion, at least for me, name brand does mean a lot. If I associate that brand with high quality products designed by well-known designers, then I'm going to buy it and proudly wear it/show it off. For me, fashion is a statement about myself I like to maintain and uphold. 

Yawn...  :rolleyes:

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  • 2 weeks later...

Confused.  Hermes is opening in BLVD Place's new Whole Foods building shortly, and is listed on the Building Directory / Map.  And, it has been widely announced as opening a store in ROD, too.  Two stores within a mile of each other?  Thx for any verified knowledge.

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Confused. Hermes is opening in BLVD Place's new Whole Foods building shortly, and is listed on the Building Directory / Map. And, it has been widely announced as opening a store in ROD, too. Two stores within a mile of each other? Thx for any verified knowledge.

With Hermes confirmed for ROD, it's operation at BLVD Place can only be temporary.

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Agreed, Target and Dillard's/Zone D'erotica/Shell are all in the way. It will be interesting to see what happens.

Dillard's is just as in the way as theGalleria is in the way of development. Now the parking garage and surface lots surrounding Dillard's are definitely in the way..

Agreed the Zone D is out of place, and the Target to an extent. Though as many people have pointed out the target could be turned into an urban format cityTarget in the podium of a mixed use development.

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  • 2 weeks later...

 

New River Oaks District has landed designer stores, a cinema complex and upscale restaurants. Soon there will be a luxury gym to work off those calories.

CultureMap has learned that OliverMcMillan, the California-based real estate development firm that is developing the 14-acre mixed use complex on Westheimer inside the 610 Loop, has landed Equinox, the New York-based luxury fitness chain known for cutting-edge exercise and racy advertisements.The Houston Equinox will encompass nearly 35,000 square feet on two floors in an office building at River Oaks District. It will offer a broad range of fitness, nutrition and health classes, including branded strength and cardio training, group fitness, with classes in pilates, barre, martial arts and yoga, and personal training. 

The chain, whose sexy ads have drawn a storm of controversy, is a pioneer in the upscale fitness industry. It recently introduced an iOS mobile app, allowing members to track their nutrition and fitness goals when on or off site.

The Houston Equinox will also include a full-service spa, offering massages, facials, manicures and pedicures.

The company operates 73 clubs in the U.S., including two in the Dallas area. It has been on a buying bing recently, acquiring Sports Club/LA properties in five cities and Reebok Sports Club/NY. In 2011, it acquired a majority interest inSoulCycle, with a rabid following among celebrities in New York and Los Angeles.

River Oaks District has previously announced that it has landed such major retail tenants as Cartier, Dior, Hermès and Tom Ford, along with an eight-screen luxury cinema from iPC Entertainment.

The first phase of the complex is scheduled to open next year.

http://houston.culturemap.com/news/real-estate/12-05-14-luxury-fitness-center-with-those-cheeky-ads-is-headed-to-new-river-oaks-complex/?utm_source=sf_twitter

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Candid photo of some OMB executives and (maybe) one of the construction workers.

 

https://www.dropbox.com/s/0f0lfcm4vvifzli/2014-12-05%2016.47.10.jpg?dl=0

 

Picture would be better, but my car is covered in dust because of all the construction, and I had 0.2 seconds to turn onto Westheimer before the black Mercedes moved up,

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Retailers:

  • Akris – Swiss fashion label
  • Anne Fontaine – Women’s apparel
  • Bonobos – E-commerce driven men’s clothing
  • Brioni – Italian fashion house
  • Brunello Cucinelli – Cashmere designs and men’s and women’s sportswear
  • Canali – Italian tailor-made suits for men
  • Chopard – Swiss watches and jewelry
  • De Boulle Diamond & Jewelry – Fine diamonds and luxury timepieces
  • Diptyque – Parisian-based scented candles, perfumes, home fragrances and face and body care
  • Dolce & Gabbana – Italian fashion house
  • Etro – Italian fashion house including men’s and women’s ready-to-wear clothing, shoes, jewelry and home decor
  • Giuseppe Zanotti – Italian shoemaker
  • Intermix  – Multi-brand fashion retailer
  • John Lobb – Men’s and women’s ready-to-wear
  • Kiton – Custom men’s and women’s clothing and accessories
  • L’Occitane – Skin and bath products
  • Moncler – Outerwear for men, women and children
  • Roberto Cavalli – Italian fashion designer

Restaurants:

  • Taverna – Italian cuisine
  • Thirteen Pies – Wood-fired pizzas and hand-cut pasta
  • Toulouse Cafe and Bar – Traditional bistro
  • Le Colonial – Upscale French/Vietnamese
  • American Food and Beverage (AF+B) – Upscale American in a neighborhood tavern setting

Spa:

  • Equinox – an upscale fitness club and spa

In addition to the shops and restaurants, River Oaks District will include 92,000 square feet of office space and 279 residential units. An eight-screen, 560-seat iPic Entertainment movie theater with dining and a bar/lounge will also operate in the center.

http://blog.chron.com/primeproperty/2014/12/dolce-gabba-intermix-and-others-to-open-in-luxury-development/

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Thats a pretty impressive lineup... Lots of diversity in those stores and restaurants and the movie theater will be huge for that area in terms of foot traffic for all those other stores. While I was going to knock it for less diversity in terms of income variety in retail.....lets not kid ourselves here. This is meant to be a draw for upscale living and intends to draw a particular clientele. It knows what it is and is really trying to hit it hard.

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It threatens the city that all the high end / shi-shi / l'crap retail is no longer contained in a giant box where the rest of us don't have to look at it (i.e. the Galleria). I call on the mayor to form an Uptown Retail Taskforce to figure out how to minimize or erase this scourge from the streets of west Houston. I propose a giant air-conditioned dome be built over ROD, High Street, and Highland Village to at least eliminate the visual blight.

 

A bigger problem is the trains which pass through this area at-grade and have to see this embarrassment to our city. Perhaps the railroad there can be placed below grade, that way the train engineers will only see a concrete embankment.

 

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Alright I don't really want to divert this to another topic, but the only way to bring the train below grade is to reroute the entire drainage creek that runs along side it from Buffalo Bayou to Brays Bayou. It can be done, and should be done, but man that would be expensive. It's an option that should always be on the table. The biggest problem is also Afton Oaks. They are the biggest stalwarts to real progressive redevelopment in that whole area. Which funny because it's not like they are trying to stop general construction, just construction that they feel goes against their suburban attitudes.

 

Now when I said before that this area is pretty upscale and so non-diversity is ok here because it will make the area rather distinct, I think that whatever happens to that Target or other bigbox stores in the area should be turned into market centers of mixed-use more inclined to those with modest to slightly affluent income so it balances the area out.

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The market for high-end retail in Houston should be good, according to the following assessment:

 

"Houston’s current population of 6.4 million residents has experienced a 9% growth over the past five years thanks in large part to the energy markets growth within the city. As oil and gas companies expand their footprints within Houston, they are looking to hire top level employees. This white-collar expansion has given Houston an influx of households with incomes greater than $100,000. In turn, this increase in disposable income has spurred a growth within the mid to high-end/luxury retail market to the tune of nearly 1.6 million square feet – projected to arrive in 2014. Houston’s major retail markets like Uptown Park, City Centre, and the Woodlands have all benefited from a shift to a focus on “live, work, play, shop” within the Houston office and residential markets. In addition, those core areas are benefiting from the expansion of key luxury retailers looking to capitalize on Houston’s robust economy. Nowhere is this more evident than in the Galleria district of the city where retailers Cartier, Dior, Hermes and Tom Ford have all announced new stores openings at OliverMcMillan’s River Oaks District project, and Saks Fifth Avenue has announced a move into a 198,000-square-foot location, nearly doubling their Galleria footprint."

 

I'm not sure how much the price of oil will affect this assessment, but office buildings are still selling for record prices.

 

http://blog.chron.com/primeproperty/2014/12/houston-a-top-spot-for-luxury-retail-jll-reports/#29052101=9

 

Houston a top spot for luxury retail, JLL reports
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  • Highrise Tower changed the title to River Oaks District: Retail/Office/Residential On Westcreek

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