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According to the chron M-M Properties (the firm which recently built 2411 Washington) is planning on developing a 193 unit apartment project at 5745 Almeda. The complex is suppose to offer views of Herman park & downtown. 

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Don't worry. When all 27,000 apartment units hit the market those rents are going to come down, way down.

 

I sure hope so, I inquired about the one on Washington when it was being built, but they wanted almost twice as much as Sawyer Heights, and they went up because they were full. The Lobby on Washington is really cool, and the skyline view from the pool is really nice. Downtown is perfectly angled at that point.

 

Is there a Rendering for this new one?

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Are you implying that the laws of supply and demand actually work in the free market? What a concept! :)

 

I'm making a prediction.  But like most of my predictions about markets, I am correct on the projection, but usually way off on the timing.  No market is completely free or 100% efficient.  This is why I work really hard for somebody else. 

 

Historic numbers of new apartment units hitting the Houston market right about the time interest rates start rising from their historic lows has to eventually move the rental & housing markets I would guess. 

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Don't worry. When all 27,000 apartment units hit the market those rents are going to come down, way down.

 

 

I'm making a prediction.  But like most of my predictions about markets, I am correct on the projection, but usually way off on the timing.  No market is completely free or 100% efficient.  This is why I work really hard for somebody else. 

 

Historic numbers of new apartment units hitting the Houston market right about the time interest rates start rising from their historic lows has to eventually move the rental & housing markets I would guess. 

 

So how low we talking 'bout?

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Doesn't look like it from the rendering, but any chance of retail on Almeda? I'm not one of those GFR nazis who think that every single building must have retail, but I live across the street and this immediate area is desperately lacking in decent restaurants.

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Not white, but beige.  

 

dEvfjRZG0Fcn6.gif

 

I agree, the coral would be kinda cool, even if it would look dated in 5 - 10 years... but isn't that one of the things paint is useful for?

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That parking garage is big and ugly as seen from 288 northbound. Be nice if they could make it less ugly somehow.

 

I noticed it the other day. The worst part is from 288 it appears as if it's a stand-alone garage. It weirded me out for a second before I realized what it was attached to.

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Big and ugly facing the freeway is better than big and ugly facing the street.

 

This is true, but why not hide the garage and make the building visually appealing from both.

 

 

I've always liked driving this little stretch of 288. I like the way he current apartments, towers, and odd townhomes look from the freeway. These apartments had a chance to add to this, but went the opposite direction.

 

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Has work stalled on this one? I drive by this almost every day, and I haven't noticed any activity going on in several weeks. Maybe they are just doing work on the inside or I'm driving by at the wrong times, but previously it was pretty busy and now it looks dead, even though the exterior is pretty close to being complete and I doubt they would stop this close to completion.

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  • Highrise Tower changed the title to Hermann Park Plaza Apartments At 5755 Almeda Rd.

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