roadrunner Posted February 19, 2011 Share Posted February 19, 2011 Fortunately, I don't see this happening. In the short term it is an exciting project, but does Houston really need a hotel on the east side of 59? The answer is no. It wouldn't be successful and if the city is going to support a new hotel it needs to fill in the empty lots between Minute Maid and Disco Green. This all sounds like fluff anyways, so I'm not too worried. Somewhat related...what ever happened with Magic Johnson's group and the Icon Hotel? Quote Link to comment Share on other sites More sharing options...
lockmat Posted January 27, 2012 Author Share Posted January 27, 2012 (edited) Seems like the GRB master plan renderings accurately reflect the 59 convention hotel: The company developing it updating their pdf of the project: Now TWO city blocks instead of three New rendering with connecting bridge to GRB Biggest "news" is they want to break ground in Q1 of this year! edit, also found this info: This project is a 750 room class-A convention center hotel with connecting bridge to the South entrance of the George R. Brown Convention Center http://www.americare.../Houston-RC.php project pdf: http://goo.gl/oy61R Edited January 27, 2012 by lockmat 3 Quote Link to comment Share on other sites More sharing options...
lockmat Posted January 28, 2012 Author Share Posted January 28, 2012 If they are thinking about breaking ground this year, the bridge won't be built for a long time since it will be connecting to the concention center expansion.If/when it gets built, do yall think they should try to make it somehwat iconic? Quote Link to comment Share on other sites More sharing options...
ChrisPHous Posted January 28, 2012 Share Posted January 28, 2012 No reason to make it iconic...in the end it is a pedestrian bridge, most likely only accessible from that hotel. That being said, something like the allen parkway bridges, moo, 59 bridges, ok...Appealing sure, and I could see it happening, Iconic...no way and def overkill Quote Link to comment Share on other sites More sharing options...
lockmat Posted January 28, 2012 Author Share Posted January 28, 2012 I agree. Iconic was probably not the right word. But something that peole want to drive and and look at and say, "that's cool." Quote Link to comment Share on other sites More sharing options...
wernicke Posted January 28, 2012 Share Posted January 28, 2012 I'm dubious this is a real deal. Quote Link to comment Share on other sites More sharing options...
ChrisPHous Posted January 28, 2012 Share Posted January 28, 2012 Maybe they could do something like the Dynamo Stadium with the mesh. I think it looks cool on the stadium and would be kinda continuous even though they arent necessarely together. The mesh skin was cheap and it looks fairly unique. Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted January 28, 2012 Share Posted January 28, 2012 I'd love to see this happen but I just don't see how they are going to get the cash to build it. Also, why in the world would they not place the building in a more east/west fashion rather than north/south? If you're gonna be on the other side of 59 you mights as well take advantage of the views of downtown to the west and even the eastern views at night would be nice (ship channel lights). Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted January 28, 2012 Share Posted January 28, 2012 Also, why in the world would they not place the building in a more east/west fashion rather than north/south? If you're gonna be on the other side of 59 you mights as well take advantage of the views of downtown to the west and even the eastern views at night would be nice (ship channel lights).Good point Quote Link to comment Share on other sites More sharing options...
lockmat Posted January 28, 2012 Author Share Posted January 28, 2012 There will still be rooms on the eats and west side with windows, right?I'm guessing they are probably considering the entrance? Quote Link to comment Share on other sites More sharing options...
Triton Posted February 2, 2013 Share Posted February 2, 2013 (edited) Still in the works... Edit: For more schematics, here's a thread in the East End forum that shows other projects in the works. Edited February 2, 2013 by Triton Quote Link to comment Share on other sites More sharing options...
fatesdisastr Posted February 2, 2013 Share Posted February 2, 2013 (edited) How old is the map itself? Edited February 2, 2013 by fatesdisastr Quote Link to comment Share on other sites More sharing options...
Triton Posted February 2, 2013 Share Posted February 2, 2013 Was worked on Thursday at noon. So, about three days old. 1 Quote Link to comment Share on other sites More sharing options...
Lighter Posted February 7, 2013 Share Posted February 7, 2013 (edited) Any Idea if they have chosen an Architect yet? I heard Morris was working on the conceptual design but that they may change as they move into DD. Edited February 7, 2013 by Lighter Quote Link to comment Share on other sites More sharing options...
HoustonBoy Posted February 7, 2013 Share Posted February 7, 2013 What hotel have they chosen? Quote Link to comment Share on other sites More sharing options...
lockmat Posted February 7, 2013 Author Share Posted February 7, 2013 There probably isn't any progress on this. Quote Link to comment Share on other sites More sharing options...
Moore713 Posted February 8, 2013 Share Posted February 8, 2013 There probably isn't any progress on this. I hope they do maybe it will spark the eastern expanison of buildings in that area.. I personally think with the rail running thou it it would,nt be long before High rasies start to pop up Quote Link to comment Share on other sites More sharing options...
Fortune Posted February 8, 2013 Share Posted February 8, 2013 I hope they do maybe it will spark the eastern expanison of buildings in that area.. I personally think with the rail running thou it it would,nt be long before High rasies start to pop upThat's would be great. However, I wouldn't hold my breath on the high rises look at midtown. Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted December 7, 2014 Share Posted December 7, 2014 http://www.houstonchronicle.com/news/houston-texas/houston/article/Investor-visas-offer-wealthy-foreigners-5940467.php In Houston, developer Dan Nip was one of the state's first entrepreneurs to establish an EB-5 regional center reviving a blighted part of Old Chinatown in 2007. He put together plans to build a 1,000-room hotel across U.S. 59 from the George R. Brown Convention Center and received city approval for tax incentives to encourage the development. But eight years later, construction hasn't started, and Nip said the project is still "in the development end," blaming "market conditions" for the delay. The investor money was returned after disagreement on "some major terms," he said, declining to offer details. Nip said he has another EB-5 development planned, a hospital in Pearland, and that demand from foreign investors is outpacing supply."I have people walking into our office daily without appointments," he said. 1 Quote Link to comment Share on other sites More sharing options...
swtsig Posted December 7, 2014 Share Posted December 7, 2014 No clue whether that hotel will ever happen and I really can't speak to EB-5 but there has been a crazy influx of foreign money targeting houston lately, China in particular. Hard to say if that continues with oil at $65 but it's definitely something to watch. 2 Quote Link to comment Share on other sites More sharing options...
Triton Posted December 7, 2014 Share Posted December 7, 2014 No clue whether that hotel will ever happen and I really can't speak to EB-5 but there has been a crazy influx of foreign money targeting houston lately, China in particular. Hard to say if that continues with oil at $65 but it's definitely something to watch.This. I don't think people realize just how bad this stand off between OPEC and American shale really is. OPEC didn't cut production for a reason... They want American production knocked out. At $65, this may not be sustainable for us and this will certainly effect Houston as long as the price is that low. I think foreign investors may have waited too long to take advantage of the Houston real estate market. Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted December 7, 2014 Share Posted December 7, 2014 How long do franked wells produce? I thought it was for just a few years and then producers had to move on. As existing supplies dry up, one would expect additional growth as oil prices rise again due to shorter supply and (hopefully) continued robust demand. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted December 7, 2014 Share Posted December 7, 2014 If anyone had asked me, there should not have been another highrise built in New York or Miami after 2008, but New York's got several 1,000-foot residential towers rising, and Miami's seen so many new projects it's enough to make your head spin. I don't see any fundamentals supporting them except for EB-5 money, but there they are. There's no reason Houston shouldn't be getting a share of that action, other than the number of bankrollers in this town is incredibly small for all its wealth. A downturn in oil prices is not going to determine whether any more EB-5s get proposed. Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted December 7, 2014 Share Posted December 7, 2014 Uhhh yeah it definitely will. The world runs on oil; whether it goes up or down will always have an effect on this cities economy, big or small. Quote Link to comment Share on other sites More sharing options...
tigereye Posted December 7, 2014 Share Posted December 7, 2014 (edited) http://www.houstonchronicle.com/news/houston-texas/houston/article/Investor-visas-offer-wealthy-foreigners-5940467.php In Houston, developer Dan Nip was one of the state's first entrepreneurs to establish an EB-5 regional center reviving a blighted part of Old Chinatown in 2007. He put together plans to build a 1,000-room hotel across U.S. 59 from the George R. Brown Convention Center and received city approval for tax incentives to encourage the development. But eight years later, construction hasn't started, and Nip said the project is still "in the development end," blaming "market conditions" for the delay. The investor money was returned after disagreement on "some major terms," he said, declining to offer details. Nip said he has another EB-5 development planned, a hospital in Pearland, and that demand from foreign investors is outpacing supply. "I have people walking into our office daily without appointments," he said. I thought Nip's Convention Center Hotel plans died when Houston First chose the Rida Development bid for what became the Marriott Marquis. IIRC, After his bid failed, this project became EaDo Place Apts. Same site, same people behind both projects ...Global Century. http://www.globalcenturydev.com/files/investors_final2.pdf The lot has been fenced off in green fencing for a while... no activity on site. Edited December 7, 2014 by tigereye 1 Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted December 8, 2014 Share Posted December 8, 2014 Uhhh yeah it definitely will. The world runs on oil; whether it goes up or down will always have an effect on this cities economy, big or small. Then I'm surprised this project didn't start out of the ground in January. Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted December 8, 2014 Share Posted December 8, 2014 Not everything happens at once, obviously. That's simple logic bruh Quote Link to comment Share on other sites More sharing options...
rechlin Posted December 8, 2014 Share Posted December 8, 2014 houstontexasjack, Fracked wells typically produce for 6 months to 2 years before the production slows to a trickle. So right now it's mostly the oilfield service companies that are hurt, but within a couple years the production companies will start losing even more revenue, too, if they don't resume drilling. But from what I've read, OPEC is more interested in hurting Russia than the US. Plus, seeing that several OPEC members (particularly Iran and Venezuela) are in serious pain as a result of lower oil prices, with a little luck this drop won't last that long. Somehow we survived $40 oil in the Great Recession, though, and supposedly the wells in North Dakota are now mostly still profitable at $45 (and some still profitable at $30), so hopefully there will be no overreactions. 1 Quote Link to comment Share on other sites More sharing options...
Luminare Posted December 8, 2014 Share Posted December 8, 2014 Why the hell are we talking about oil, possible recessions, and OPEC nations, in a thread about an East End Midrise? (not just here by the way, but it's happening everywhere!) Just because oil prices drop below $70 doesn't mean this has to be discussed in EVERY thread ad nauseam! Especially those of you doom and gloom guys who at every chance a potential shortfall/crisis happens you see it as a pass to spell doom for a project and it's disgusting. Get over yourselves already.....Leave the over-analysis and sensationalism to the much maligned 24hr News Cycle. 5 Quote Link to comment Share on other sites More sharing options...
arche_757 Posted December 8, 2014 Share Posted December 8, 2014 Why the hell are we talking about oil, possible recessions, and OPEC nations, in a thread about an East End Midrise? (not just here by the way, but it's happening everywhere!) Just because oil prices drop below $70 doesn't mean this has to be discussed in EVERY thread ad nauseam! Especially those of you doom and gloom guys who at every chance a potential shortfall/crisis happens you see it as a pass to spell doom for a project and it's disgusting. Get over yourselves already.....Leave the over-analysis and sensationalism to the much maligned 24hr News Cycle. Because we're all experts and want to express our expert opinions. In regards to the former post with retail under 5-6 floors residential... that's not a hotel? Right? So are we expecting residential rather than hospitality in this area? I'd assume any future big hotels would locate in the Downtown district rather than out of it...even if just a block or two away...unless the developer gets some hefty incentives from the city? I think the East End will see (in years to come) some nice smaller scale hotels on par with Hamptons and the like. Probably just a couple, and probably 5+ years away (though the Super Bowl push is pretty impressive). Quote Link to comment Share on other sites More sharing options...
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