toxtethogrady Posted November 4, 2014 Share Posted November 4, 2014 more from the linked site.. Grrr - in this case a thousand words is worth a picture. 1 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted November 5, 2014 Share Posted November 5, 2014 Well both Hines market square and museum district should be starting any day now. Will this one still begin any day now? I'm seeing something that says the start date has been pushed back. Quote Link to comment Share on other sites More sharing options...
Avossos Posted November 5, 2014 Share Posted November 5, 2014 Will this one still begin any day now? I'm seeing something that says the start date has been pushed back. I thought I read December somewhere... Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted November 6, 2014 Share Posted November 6, 2014 My opinion: this one isn't starting until oil goes back above $80.Hope I'm wrong though as I really want this one to be constructed. 2 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted November 6, 2014 Share Posted November 6, 2014 I thought I read December somewhere... BidClerk has updated their listing for this project and gives it a 2Q 2015 start date. I'm hoping that's incorrect. 1 Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 6, 2014 Share Posted November 6, 2014 That's not too bad a slippage. A lot of projects in this town are experiencing delays, possibly due to the permitting process being slow, possibly due to labor shortages, possibly due to materials shortages. I don't think it implies cold feet. Hines tends to be deliberate in its project starts. Quote Link to comment Share on other sites More sharing options...
swtsig Posted November 6, 2014 Share Posted November 6, 2014 Will this one still begin any day now? I'm seeing something that says the start date has been pushed back.I was told both would begin in November but that was several weeks ago and truth be told it wouldn't surprise me in the least if they were further delayed. They've had real issues with costs which have required countless reworks. I don't think people appreciate just how meticulous Hines is when they take on a project. I've also heard they may be postponing a couple of as of yet unannounced projects. That's strictly secondhand info though. 1 Quote Link to comment Share on other sites More sharing options...
Avossos Posted November 6, 2014 Share Posted November 6, 2014 I was told both would begin in November but that was several weeks ago and truth be told it wouldn't surprise me in the least if they were further delayed. They've had real issues with costs which have required countless reworks. I don't think people appreciate just how meticulous Hines is when they take on a project. I've also heard they may be postponing a couple of as of yet unannounced projects. That's strictly secondhand info though.I have a feeling you're talking about the ones off the bayou. I'm looking forward to those. Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted November 6, 2014 Share Posted November 6, 2014 BidClerk has updated their listing for this project and gives it a 2Q 2015 start date. I'm hoping that's incorrect. Woh, woh, woh, woh, wohhhhhhhhhhhh...... Quote Link to comment Share on other sites More sharing options...
Nate99 Posted November 18, 2014 Share Posted November 18, 2014 From Main - make of it what you will... 2 Quote Link to comment Share on other sites More sharing options...
Triton Posted November 18, 2014 Share Posted November 18, 2014 From Main - make of it what you will... It's been there for several weeks. It's for the National Bank renovations. 1 Quote Link to comment Share on other sites More sharing options...
Nate99 Posted November 18, 2014 Share Posted November 18, 2014 It's been there for several weeks. It's for the National Bank renovations. Interesting. Do they park the gondolas on the scaffolding at night or something? I figured that there might need to be some provision for shoring up the existing buildings on the block prior to digging out the foundation hole for the tower. The wall next to the scaffolding looks kind of sketchy. Quote Link to comment Share on other sites More sharing options...
swtsig Posted November 18, 2014 Share Posted November 18, 2014 BidClerk has updated their listing for this project and gives it a 2Q 2015 start date. I'm hoping that's incorrect. "likely january" as of last week. 4 Quote Link to comment Share on other sites More sharing options...
Avossos Posted November 18, 2014 Share Posted November 18, 2014 "likely january" as of last week. Honestly, I can wait (if I had a choice) until this starts. It is worth waiting for. 1 Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted November 19, 2014 Share Posted November 19, 2014 Honestly, I can wait (if I had a choice) until this starts. It is worth waiting for.True.But, I think that we will be waiting for oil to stabilize before this turns dirt. Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted November 19, 2014 Share Posted November 19, 2014 (edited) True.But, I think that we will be waiting for oil to stabilize before this turns dirt.Wouldn't they maybe wait to see how well the absorption for all the units coming on in 2014?* Edited November 19, 2014 by Montrose1100 Quote Link to comment Share on other sites More sharing options...
Avossos Posted November 19, 2014 Share Posted November 19, 2014 True.But, I think that we will be waiting for oil to stabilize before this turns dirt. No. It is a construction timing and resource issue. Wouldn't they maybe wait to see how well the absorption for all the units coming on in 2014?* Unlikely, but there are problably projects that are yet-to-be-announced that are waiting. This one, is not one of them. 1 Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted November 21, 2014 Share Posted November 21, 2014 So much has broken ground Downtown this quarter, we need something for which to look forward in 2015. I reiterate my hope that the combination of this, Market Square Tower (the apartment), and the eventual development of the Post Office site will lead to Treebeard's being open on weekends and weeknights. Love me some Treebeard's. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 24, 2014 Share Posted November 24, 2014 Wouldn't they maybe wait to see how well the absorption for all the units coming on in 2014?* AND NOW ANOTHER THING THAT HOUSTON HAS A SHORTAGE OF: http://www.bizjournals.com/houston/news/2014/10/23/housing-shortage-looms-for-houston-baby-oomers.html Houston faces one of the largest housing shortages for Baby Boomers in the country, according to a new report. Metrostudy Corp., a national housing research and consulting firm with an office in Houston, analyzed the current housing market for Boomers. It found that Houston has the second-largest deficit nationally for Baby Boomer housing. The Bayou City could face a shortage of more than 260,000 homes for active adults 55 and older... 2 Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted November 24, 2014 Share Posted November 24, 2014 Good John Oliver reference. Well played. Quote Link to comment Share on other sites More sharing options...
DNAguy Posted November 24, 2014 Share Posted November 24, 2014 AND NOW ANOTHER THING THAT HOUSTON HAS A SHORTAGE OF: http://www.bizjournals.com/houston/news/2014/10/23/housing-shortage-looms-for-houston-baby-oomers.html Houston faces one of the largest housing shortages for Baby Boomers in the country, according to a new report. Metrostudy Corp., a national housing research and consulting firm with an office in Houston, analyzed the current housing market for Boomers. It found that Houston has the second-largest deficit nationally for Baby Boomer housing. The Bayou City could face a shortage of more than 260,000 homes for active adults 55 and older... I wonder if ppl will really downsize. Especially her in Houston. If you refinanced in the last 5 years or so / have paid off your house, what is the incentive to actually move? Smaller houses in 'hip' areas cost just as much as the house you're most likely going to sell and Interest rates are going to go up soon(ish?). I mean, you can use that $ you saved refinancing to hire a lawn person. Most suburbs are have a fake towncenter-like place now that bring enough of a city feel closer to where you live. And you have extra rooms for your kids / grandkids for the holidays. I think this is 'shortage' is a manufactured crisis. Quote Link to comment Share on other sites More sharing options...
cloud713 Posted November 24, 2014 Share Posted November 24, 2014 I wonder if ppl will really downsize. Especially her in Houston.If you refinanced in the last 5 years or so / have paid off your house, what is the incentive to actually move? Smaller houses in 'hip' areas cost just as much as the house you're most likely going to sell and Interest rates are going to go up soon(ish?). I mean, you can use that $ you saved refinancing to hire a lawn person. Most suburbs are have a fake towncenter-like place now that bring enough of a city feel closer to where you live. And you have extra rooms for your kids / grandkids for the holidays.I think this is 'shortage' is a manufactured crisis.You do realize how big a pain in the ass it is to upkeep a 4,000 square foot 2 story house out in suburbia? Most older folks don't want to deal with all of that. Not to mention just don't need it. It cost a lot to air condition all of that space for just 2 people to use only part of the house. Quote Link to comment Share on other sites More sharing options...
Avossos Posted November 24, 2014 Share Posted November 24, 2014 My parents live in the burbs - 5,000 sq ft house / 2 acres... Looking to downsize Quote Link to comment Share on other sites More sharing options...
jgriff Posted November 24, 2014 Share Posted November 24, 2014 (edited) I'm in the middle of up-sizing to a closer in neighborhood. I can tell you there is a shortage of SFH in the $700k-$800k range. I put down a deposit on a place near River Oaks a few weeks back. One week later the prices of the remaining 5 units in the development were raised by $10k and the only other one under construction sold also. It seemed like nearly every place I looked at was pending sold. My RE agent advised me to sign the papers right away if I wanted to get the place and she was correct. Getting a low interest 15 year loan on my first house and the equity I gained from the resurgence of Houston RE prices enabled me to move from a townhouse in the Memorial Villages area to a much larger SFH in the River Oaks shopping center area. Edited November 24, 2014 by jgriff Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted November 24, 2014 Share Posted November 24, 2014 (edited) I wonder if ppl will really downsize. Especially her in Houston.If you refinanced in the last 5 years or so / have paid off your house, what is the incentive to actually move? Smaller houses in 'hip' areas cost just as much as the house you're most likely going to sell and Interest rates are going to go up soon(ish?). I mean, you can use that $ you saved refinancing to hire a lawn person. Most suburbs are have a fake towncenter-like place now that bring enough of a city feel closer to where you live. And you have extra rooms for your kids / grandkids for the holidays.I think this is 'shortage' is a manufactured crisis.I already downsized.My sister has downsizedA fiend has downsized.Another friend has downsized.All in Houston.Lots more considering it.That said, I agree with your final point.... I think that the "crisis" is in the best interests of the real estate Industry to tout.Are people downsizing? Yes.Crisis finding small homes in senior friendly areas? Nah. Edited November 24, 2014 by UtterlyUrban 1 Quote Link to comment Share on other sites More sharing options...
lockmat Posted December 20, 2014 Share Posted December 20, 2014 Shows the park http://marketsquareretail.com/wp-content/uploads/2014/11/Aerial-with-Site-Plan-Overlay1.pdf 2 Quote Link to comment Share on other sites More sharing options...
democide Posted December 20, 2014 Share Posted December 20, 2014 This tower is suppose to have tunnel access, correct? If so, would that be by connecting with One Market Square? I'm just wondering if this tower's tunnel access is depended on One Market Square getting build, because it will also have tunnel access by connecting with the block directly south of it (Chronicle building). Could that be delaying this project, if there is that dependency? Also, Hines has know for a while about the proposed One Market Square/International Tower. Quote Link to comment Share on other sites More sharing options...
swtsig Posted December 20, 2014 Share Posted December 20, 2014 This tower is suppose to have tunnel access, correct? If so, would that be by connecting with One Market Square? I'm just wondering if this tower's tunnel access is depended on One Market Square getting build, because it will also have tunnel access by connecting with the block directly south of it (Chronicle building). Could that be delaying this project, if there is that dependency? Also, Hines has know for a while about the proposed One Market Square/International Tower.Don't overthink this... Tunnels have nothing to do with this delay. Not only would be it be borderline incompetent to pin a very expensive project on an adjacent project you zero control over, there is no chance that the immense cost associated w connecting to the tunnels would ever make sense for a residential tower on the far flung reaches of downtown. Market conditions - that's what's delaying this project. Meaning construction costs and now, more recently, economic concerns. January is still the target. 2 Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted December 20, 2014 Share Posted December 20, 2014 Hines old buddy, don't let me down. 2 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted December 20, 2014 Share Posted December 20, 2014 Hate to see this one delayed, out of all the ones that got started last year. If they are waiting for oil prices to swing upward, that could be awhile. Quote Link to comment Share on other sites More sharing options...
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