sevfiv Posted September 24, 2007 Share Posted September 24, 2007 yeah, that's the one Mr. Malisow started the thread about Quote Link to comment Share on other sites More sharing options...
ChannelTwoNews Posted October 7, 2007 Share Posted October 7, 2007 A bit from today's Chronicle...http://www.chron.com/disp/story.mpl/busine...ff/5193290.html Quote Link to comment Share on other sites More sharing options...
sevfiv Posted October 7, 2007 Share Posted October 7, 2007 The Maharishi Global Development Fund, which owns the 30-story building that's been vacant since the late 1990s, said it is trying to sell it."It's a good market right now," said David Humphreys, director of property management for the nonprofit group. "Something will happen soon."same old tale...oh well, you never know. Quote Link to comment Share on other sites More sharing options...
Subdude Posted October 7, 2007 Share Posted October 7, 2007 By NANCY SARNOFFCopyright 2007 Houston Chronicle Work being done on the exterior of downtown's abandoned Days Inn building last week had some people wondering whether the property was finally being redeveloped. Maybe she's referring to HAIF. Where else do people wonder about these things? Quote Link to comment Share on other sites More sharing options...
Jax Posted October 7, 2007 Share Posted October 7, 2007 (edited) You can see the abandoned hotel on the left side. Let's hope they do something with it soon. Edited October 7, 2007 by Jax Quote Link to comment Share on other sites More sharing options...
Subdude Posted October 12, 2007 Share Posted October 12, 2007 Note the posts about the Chronicle building were split into a new thread. Quote Link to comment Share on other sites More sharing options...
NYcapVest Posted November 13, 2007 Share Posted November 13, 2007 The Mahareshi foundation has the property up for sale.We did our due dilligence on this property back in May of this year and it had structural issues that made in unfeasible for us. We contemplated a complete tear down but it didn't make sense for the area that it is in. We're now accumulating parking lots for our project and getting revenue while we complete our acquisitions. Quote Link to comment Share on other sites More sharing options...
Guest danax Posted November 13, 2007 Share Posted November 13, 2007 We did our due dilligence on this property back in May of this year and it had structural issues that made in unfeasible for us. We contemplated a complete tear down but it didn't make sense for the area that it is in. We're now accumulating parking lots for our project and getting revenue while we complete our acquisitions.Welcome, NY. So it sounds like this building isn't likely to be reused in the near future. It isn't often that we hear about larger buildings like that having structural issues. I've wondered what will eventually happen to the world's skyscrapers as they become ancient. Are you able to hint at what your project will be like? Quote Link to comment Share on other sites More sharing options...
ChannelTwoNews Posted November 13, 2007 Share Posted November 13, 2007 We're now accumulating parking lots for our project and getting revenue while we complete our acquisitions.Now that's intriguing...On the topic of the hotel for a second, I'd always been curious about the structural stability of the building. What were the issues in particular that emphasized this? I know vandalism has come up as a point for those that have seen it from the inside, but is there also just a lot of natural wear and tear that can't be reconciled? Quote Link to comment Share on other sites More sharing options...
Jax Posted November 13, 2007 Share Posted November 13, 2007 We did our due dilligence on this property back in May of this year and it had structural issues that made in unfeasible for usIn that case it sounds like it'll be town down at some point, the question is now who is going to buy it and pay for the demolition. Too bad it can't be redeveloped.The project sounds interesting to me as well. There are a lot of empty lots in Houston to buy up. What sort of project are you working on? Quote Link to comment Share on other sites More sharing options...
ricco67 Posted November 14, 2007 Share Posted November 14, 2007 And now, you will hear the collective gasp as we await further information. Quote Link to comment Share on other sites More sharing options...
bachanon Posted November 14, 2007 Share Posted November 14, 2007 We did our due dilligence on this property back in May of this year and it had structural issues that made in unfeasible for us. We contemplated a complete tear down but it didn't make sense for the area that it is in. We're now accumulating parking lots for our project and getting revenue while we complete our acquisitions.welcome to the forum nycapvest. btw, casually mentioning a large project to this forum and not providing details will be considered "cruel and unusual" torture to some who frequent here. Quote Link to comment Share on other sites More sharing options...
ToolMan Posted November 14, 2007 Share Posted November 14, 2007 Blow it up with the Montagu Quote Link to comment Share on other sites More sharing options...
Subdude Posted November 14, 2007 Share Posted November 14, 2007 What is disturbing is that if there are structural issues hindering redevelopment, then it could well stand vacant another 20 years. Quote Link to comment Share on other sites More sharing options...
sevfiv Posted November 14, 2007 Share Posted November 14, 2007 What is disturbing is that if there are structural issues hindering redevelopment, then it could well stand vacant another 20 years.Great - then it will be on its way to being another Savoy Apartments, but on a much larger scale. Quote Link to comment Share on other sites More sharing options...
Subdude Posted November 14, 2007 Share Posted November 14, 2007 Yeap. One thing that is amazing about Houston is the number of major buildings that have stood vacant for decades: this one (Holiday Inn), Central Sq, Savoy, Sheraton, Melrose, etc. A lot of the vacancies date from the bust of the 1980s. Quote Link to comment Share on other sites More sharing options...
ChannelTwoNews Posted November 14, 2007 Share Posted November 14, 2007 (edited) Yeap. One thing that is amazing about Houston is the number of major buildings that have stood vacant for decades: this one (Holiday Inn), Central Sq, Savoy, Sheraton, Melrose, etc. A lot of the vacancies date from the bust of the 1980s.I'm still surprised at another on that's at least 20 stories and on the eastern tip of the old proposed Shamrock Tower site at Main & Fannin. The Sterling Building, I think. Older than each of the others you mentioned (with exception to one of the Savoy buildings) as well. Always curious about that one.Anyway back on topic...The thought of that building having a prime spot in the fore of someone's view coming in from 527 or any of the streets inbound is depressing. Especially if it's going to be there for an extended period of time. Who knows? In the interim, I always try to approach DT without having to point that one out. Makes me feel better for a moment at least. Edited November 14, 2007 by ChannelTwoNews Quote Link to comment Share on other sites More sharing options...
Jax Posted November 14, 2007 Share Posted November 14, 2007 I agree. It's kind embarrassing showing somebody the city and drive past those abandoned buildings on the way downtown. It effects the skyline shots I take from the roof of my parking garage too. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted November 14, 2007 Share Posted November 14, 2007 Yeap. One thing that is amazing about Houston is the number of major buildings that have stood vacant for decades: this one (Holiday Inn), Central Sq, Savoy, Sheraton, Melrose, etc. A lot of the vacancies date from the bust of the 1980s.Speaking of the Savoy, I just ran across this little tidbit (which I don't think has been reported here before; if it has I apologize):"The Savoy Hotel, located in the heart of the CBD, is under contract by an undisclosed buyer for $7 million. Expectations are for a condominium renovation."(Quoted from Stream Realty's report) Quote Link to comment Share on other sites More sharing options...
Jax Posted November 14, 2007 Share Posted November 14, 2007 What is the date of that tidbit? Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted November 14, 2007 Share Posted November 14, 2007 (edited) What is the date of that tidbit?It was in their 3rd quarter office market report, so sometime within the last month or so. Edited November 14, 2007 by Houston19514 Quote Link to comment Share on other sites More sharing options...
Jax Posted November 14, 2007 Share Posted November 14, 2007 (edited) That's good news then. I thought I read somewhere that the Savoy was in bad structural shape. Edited November 14, 2007 by Jax Quote Link to comment Share on other sites More sharing options...
DTG Posted November 14, 2007 Share Posted November 14, 2007 I was talking to an Otis elevator sales rep. yesterday and he said he was preparing a quote to redo the elevators of the old Days Inn. According to him the developer was going to expand the footprint of the building and turn it into high dollar lofts. Can anyone else confirm this rumor? Quote Link to comment Share on other sites More sharing options...
NYcapVest Posted November 14, 2007 Share Posted November 14, 2007 welcome to the forum nycapvest. btw, casually mentioning a large project to this forum and not providing details will be considered "cruel and unusual" torture to some who frequent here.I apologize. We're working with some individuals from Canada that are seeking to develop mixed use (retail/residential) in downtown. I can't name companies yet, but Houston downtown's major hurdle to accelerated development is really the lack of people living there. Once the residential takes hold, the CBD should see accelerated growth much like Downtown Dallas has experienced. If you go to Dallas, you see nothing but cranes everywhere.Don't know if you are aware, but there is an Omni hotel coming into the old Sheraton-Lincoln. There might be a glut of hotels in downtown soon, but it would be nice to see a condo-hotel open to add some more residential in the mix.I was talking to an Otis elevator sales rep. yesterday and he said he was preparing a quote to redo the elevators of the old Days Inn. According to him the developer was going to expand the footprint of the building and turn it into high dollar lofts. Can anyone else confirm this rumor?Now that would be an interesting project. I'd be curious how the developer expands the footprint. Perhaps teardown the garage and build new? Quote Link to comment Share on other sites More sharing options...
Jax Posted November 14, 2007 Share Posted November 14, 2007 (edited) Go Canada! Can you tell us what part of downtown you are considering, or what the time frame for this project is? Edited November 14, 2007 by Jax Quote Link to comment Share on other sites More sharing options...
Subdude Posted November 14, 2007 Share Posted November 14, 2007 That's good news then. I thought I read somewhere that the Savoy was in bad structural shape.The old apartment section is collapsing and would probably need to be torn down. The newer hotel wing looks to be in good shape. Quote Link to comment Share on other sites More sharing options...
greystone08(returns) Posted November 15, 2007 Share Posted November 15, 2007 Once the residential takes hold, the CBD should see accelerated growth much like Downtown Dallas has experienced. If you go to Dallas, you see nothing but cranes everywhere.Last time i checked , Dallas and Houston downtown resident population was about the same. Just because Dallas has more cranes doesn't mean more residents. Alot of what they're doing is overbuilding their office space in the Uptown/Victory areas at the cost of the CBD. Quote Link to comment Share on other sites More sharing options...
MadNess Posted November 15, 2007 Share Posted November 15, 2007 I've been reading this section today, my interest on a building I've seen several times got the best of me I've see this building every since I moved to Houston... looks to be vacant (for a LONG time).. I believe the building was around 45 on the Pierce Elevated... looked to be between 20 t0 30 stories tall, typical tan exterior... in SERIOUS disrepair... what building is/was that? whats the status on it? I've been trying to find a picture of it via Google maps, so far no luck... sorry about being so vague... MadNess Quote Link to comment Share on other sites More sharing options...
ChannelTwoNews Posted November 15, 2007 Share Posted November 15, 2007 I've been reading this section today, my interest on a building I've seen several times got the best of me I've see this building every since I moved to Houston... looks to be vacant (for a LONG time).. I believe the building was around 45 on the Pierce Elevated... looked to be between 20 t0 30 stories tall, typical tan exterior... in SERIOUS disrepair... what building is/was that? whats the status on it? I've been trying to find a picture of it via Google maps, so far no luck... sorry about being so vague... MadNess I think you may be talking about the old Holiday Inn, which later became the Days Inn and most recently the Heaven on Earth Inn. There's a whole thread on it here. Quote Link to comment Share on other sites More sharing options...
MadNess Posted November 15, 2007 Share Posted November 15, 2007 thanks CTN, thats the one!!! wow... very very very odd history ROFL... Quote Link to comment Share on other sites More sharing options...
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