spikey2 Posted January 30, 2009 Share Posted January 30, 2009 With banks not lending for most new commercial projects, do anyone know if the rehab of the old Days Inn is still a go. And has anyone purchased the old Savoy Hotel. Both project would be a major lift to that end of downtown. I am aware that the luxury condo project across from Discovery Green is having such a hard time selling units that they have decided to rent them at bargain rates until the economy improves, which could spell trouble for all those other projects in the works downtown. Link to comment Share on other sites More sharing options...
sevfiv Posted January 30, 2009 Share Posted January 30, 2009 With all of the trouble these hotels have had in the past and in better financial times, we'll probably see places like the Savoy and Days Inn crumble on themselves (already starting) before anything happens. Link to comment Share on other sites More sharing options...
Houston19514 Posted January 30, 2009 Share Posted January 30, 2009 (edited) I am aware that the luxury condo project across from Discovery Green is having such a hard time selling units that they have decided to rent them at bargain rates until the economy improves, which could spell trouble for all those other projects in the works downtown.I presume you are referring to One Park Place??? That has never been planned as condos for sale, and has always been planned as a rental building. (And I haven't heard anybody refer to them as "bargain rates" ;-) Edited January 31, 2009 by Houston19514 Link to comment Share on other sites More sharing options...
Dan the Man Posted January 31, 2009 Share Posted January 31, 2009 Old vacant buildings have a better chance of survival during a recession than during times of economic prosperity. Historic preservation is one of the few positive results of poverty. However, poverty also results in deferred maintenance and neglect. New Orleans is a perfect example of this. Link to comment Share on other sites More sharing options...
crunchtastic Posted January 31, 2009 Share Posted January 31, 2009 Old vacant buildings have a better chance of survival during a recession than during times of economic prosperity. Historic preservation is one of the few positive results of poverty. However, poverty also results in deferred maintenance and neglect. New Orleans is a perfect example of this.How true about New Orleans. The last time there we did a lot of walking in the CBD. The old deco office buildings there that have just been abandoned to rot are a shame. It looks like Charity Hospital is going to end up the same, unless some deep pockets intervene. Link to comment Share on other sites More sharing options...
KinkaidAlum Posted January 31, 2009 Share Posted January 31, 2009 Just to throw it out there, but what's up with the conversion of the old Sheraton Lincoln into an Omni Hotel? I thought that was supposed to be well on the way by now... Link to comment Share on other sites More sharing options...
Subdude Posted January 31, 2009 Share Posted January 31, 2009 The bust in the 1980s was brutal on downtown hotels. The Whitehall, Sheraton, Savoy and Holiday Inn all had to close. Link to comment Share on other sites More sharing options...
Daniepwils Posted February 1, 2009 Share Posted February 1, 2009 I presume you are referring to One Park Place??? That has never been planned as condos for sale, and has always been planned as a rental building. (And I haven't heard anybody refer to them as "bargain rates" ;-)With banks not lending for most new commercial projects, do anyone know if the rehab of the old Days Inn is still a go. And has anyone purchased the old Savoy Hotel. Both project would be a major lift to that end of downtown. I am aware that the luxury condo project across from Discovery Green is having such a hard time selling units that they have decided to rent them at bargain rates until the economy improves, which could spell trouble for all those other projects in the works downtown.Actually they did start out as for sale, but I don't think they had enough people interested so now they are for rent. This happened well before all the harder financial situations happened with the banks and the economy though. Link to comment Share on other sites More sharing options...
Subdude Posted February 1, 2009 Share Posted February 1, 2009 Just to throw it out there, but what's up with the conversion of the old Sheraton Lincoln into an Omni Hotel? I thought that was supposed to be well on the way by now...It will break my heart if this doesn't happen, but I would lay money it is effectively dead. So many redevelopment plans for the Sheraton Lincoln have fallen though for one reason or another. I hate to see that building just a shell for years on end. Link to comment Share on other sites More sharing options...
Houston19514 Posted February 1, 2009 Share Posted February 1, 2009 Actually they did start out as for sale, but I don't think they had enough people interested so now they are for rent. This happened well before all the harder financial situations happened with the banks and the economy though.Check your history. You are completely, absolutely 100% incorrect. Finger's building has been planned as a rental from its initial conception forward, long before it had its name or exact size. Link to comment Share on other sites More sharing options...
Houston19514 Posted February 2, 2009 Share Posted February 2, 2009 Just to throw it out there, but what's up with the conversion of the old Sheraton Lincoln into an Omni Hotel? I thought that was supposed to be well on the way by now...I've been wondering about that too. FWIW, it is still shown on the "Current Projects" section of Songy Partners' website. Link to comment Share on other sites More sharing options...
Downtown Posted February 27, 2009 Share Posted February 27, 2009 Maybe when Savoy becomes a BIGGER pile of bricks, they'll knock it down and build something useful. that place has been vacant forever it seems. Go by there one day and see the brick pile behind the garage. The black widow gate is a nice touch! The newer side is not that bad looking, I guess its what's attached to it crumbling to the ground that's the problem. It still looks better than that fugly old Days Inn Building. I thought that sold recenty and there where high hopes of turning it into condos and businesses. That Days Inn seems to get a little uglier every day!! Does anyone know if that sale really went through with Days Inn? Link to comment Share on other sites More sharing options...
rsb320 Posted February 27, 2009 Share Posted February 27, 2009 Maybe when Savoy becomes a BIGGER pile of bricks, they'll knock it down and build something useful. that place has been vacant forever it seems. Go by there one day and see the brick pile behind the garage. The black widow gate is a nice touch! The newer side is not that bad looking, I guess its what's attached to it crumbling to the ground that's the problem. It still looks better than that fugly old Days Inn Building. I thought that sold recenty and there where high hopes of turning it into condos and businesses. That Days Inn seems to get a little uglier every day!! Does anyone know if that sale really went through with Days Inn?I'm assuming it sold because work had started several months ago and I remember reading that they were gutting it. However, I've not seen any further activity recently. Link to comment Share on other sites More sharing options...
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