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Aris at Market Square: 32-Story High-Rise by Hines at 900 Preston

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Nice compliment to the Rice (Lofts)...

 

Edited by quietstorm
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1 minute ago, Fortune said:

Wow you can really see how big the old post office site is from this photo. 

If that bit of land is developed into anything less than an iconic place -- a space that defines Houston as many places define their cities - it will be a once in a hundred year opportunity lost.  Three generations of architects and planners and developers alive today  (I.e. Those in their 20's, 40's, and 60's) have a chance to make history and define an area that will shape Houston for the next century.  The question is:  are they actually able to meet the challenge or will they shrink from it?

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On 5/7/2017 at 11:40 AM, brijonmang said:

Houston Sunset

 

Looks great sitting there next to 609 Main

I know we would all love a supertall to be built but this infill of smaller projects has made the CBD denser and I think it won't be long til we get our supertall.

Preferably I would love to see it in the northern section of downtown within all the smaller buildings, maybe between the courts the Catalyst and Market Square.

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I couldn't give two craps about a supertall. True infill like this building is exactly what Houston needs.

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Thats why I always suggest  the view  from the north and east. With  EADO, and  Minute Maid park

in front and a great view of the old downtown  infill from the twenties forward and the western wall 

of skyscrapers. Our mountains. You  get a much better feel for the density.

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 I agree about all the new buildings and the "infill" is a great improvement. Hope it continues. But eventually I sure would like something similar to a One Vanderbilt place ( or a few supertalls) somewhere in the CBD. 

Edited by Twinsanity02
Error in spelling.
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I don't care about a super tall, but imagine in that beautiful photo above, if the Marriott Marquis Hotel was 700 feet tall. 

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Shell

Shell 2

Pennzoil Place

Texas Commerce

Republic Bank

Callpine

BG 

609 Main

Aris 

801 Texas Ave. (Chronicle site)

 

Pretty good track record for downtown !

 

 

Edited by bobruss
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16 hours ago, Urbannizer said:

 

 

Looks like he is checking it out from the lower pool deck at Market Square Tower.

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Mr. Hines is looking up thinking that he needs one more grandiose tower to cement his legacy. A tower that defines Houston and puts it on the architectural world map. 

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20 minutes ago, pablog said:

Mr. Hines is looking up thinking that he needs one more grandiose tower to cement his legacy. A tower that defines Houston and puts it on the architectural world map. 

 

*cough cough* Old Chronicle site *cough cough*

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7 hours ago, bobruss said:

Shell

Shell 2

Pennzoil Place

Texas Commerce

Republic Bank

Callpine

BG 

609 Main

Aris 

801 Texas Ave. (Chronicle site)

 

Pretty good track record for downtown !

 

 

 

Let's not forget Texas Commerce Tower in United Energy Plaza  Chase Tower  600 Travis.

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7 hours ago, bobruss said:

Shell

Shell 2

Pennzoil Place

Texas Commerce

Republic Bank

Callpine

BG 

609 Main

Aris 

801 Texas Ave. (Chronicle site)

 

Pretty good track record for downtown !

 

 

And that was just downtown.    ...........   100 years from now, Mr. Hines legacy will STILL be studied by students and scholars.  Frankly, in life he is already iconic.  In death, hopefully many years in the future, he will be one of those names that motivate passionate young developers  to be "Better than Hines"..........

Edited by UtterlyUrban
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Brijonmang, I'd love to see a view of downtown at that altitude, but from just behind Minute Maid looking southwest.

Please!

 

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The unit in the video is about $3,250/month if I remember correctly (2-2). That is effective rent after their current move in special (3 months free on a 13 month lease).

 

Also, if you sign before June 1st, you get an additional $1,000 off for the entire lease (about $75/month).

 

Floors 10-16 will be open by about June 15th. Amenities on 9 as previously stated. 

Edited by DrLan34
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9 hours ago, Urbannizer said:

 

 

WTF?  Who is this watergonzalez and why is he recording and broadcasting what is clearly false information?  As Dr. Lan said, the unit in the video is closer to $3250 per month.  There is not a unit of any size in the building for which they are asking $13,000 per month, let alone $20,000.  (The most expensive unit I can find is a 3 bed/3 bath on the 32nd floor (larger and higher than the unit in the video) for which they are asking $9,400 per month.  Expensive, yes.  $13-20,000 per month for a mid-level 2 bed/2 bath?  NFW.

Edited by Houston19514

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11 hours ago, bobruss said:

Brijonmang, I'd love to see a view of downtown at that altitude, but from just behind Minute Maid looking southwest.

Please!

 

 

I've got some already!  I'll post later today :)

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21 hours ago, bobruss said:

Shell

Shell 2

Pennzoil Place

Texas Commerce

Republic Bank

Callpine

BG 

609 Main

Aris 

801 Texas Ave. (Chronicle site)

 

Pretty good track record for downtown !

 

 

Also 1100 Louisiana (Enterprise)

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1 hour ago, DrLan34 said:

The unit in the video is about $3,250/month if I remember correctly (2-2). That is effective rent after their current move in special (3 months free on a 13 month lease).

 

Also, if you sign before June 1st, you get an additional $1,000 off for the entire lease (about $75/month).

 

Floors 10-16 will be open by about June 15th. Amenities on 9 as previously stated. 

 

Those are some crazy concessions.

 

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5 hours ago, htownproud said:

Also 1100 Louisiana (Enterprise)

Your absolutely right. I thought there was one more but wasn't sure if it was 1100 louisiana or Tenneco,

both designed by SOM. As a matter of fact that whole section of town is nicknamed Skid Row because they were all designed by Skidmore Owings and Merril: 

Alled Bank now Wells Fargo, 

Tenneco now Kinder

1100 Louisiana

Shell 1

Shell 2

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Wow now thats what I'm talking about. Fantastic shot. Thanks

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22 hours ago, H-Town Man said:

 

Those are some crazy concessions.

 

 

Works out to $2450/mo, which, after 13 months, kicks up to $3250, which is more than PITI on a $500,000 house.

 

I understand the strategy of offering free rent instead of just lowering the rate to $2450: no one values the apartment more than the person living in it (there are costs associated with moving). But I wonder how many people move out after the lease is up.

 

 

I wonder if you can negotiate a diplomatic clause into one of those leases.

 

 

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3 hours ago, Angostura said:

 

Works out to $2450/mo, which, after 13 months, kicks up to $3250, which is more than PITI on a $500,000 house.

 

I understand the strategy of offering free rent instead of just lowering the rate to $2450: no one values the apartment more than the person living in it (there are costs associated with moving). But I wonder how many people move out after the lease is up.

 

 

I wonder if you can negotiate a diplomatic clause into one of those leases.

 

 

 

As I understand, free rent is preferred over lowered rent because (1) it is easier to make someone renew at the same rate they have been paying, and (2) since sale price is typically a function of operating income, you want your operating income to be as high as possible down the road, even if that means taking a loss for a few months near-term.

 

This may be what you had in mind, I just didn't quite understand your explanation.

 

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2 hours ago, H-Town Man said:

 

As I understand, free rent is preferred over lowered rent because (1) it is easier to make someone renew at the same rate they have been paying, and (2) since sale price is typically a function of operating income, you want your operating income to be as high as possible down the road, even if that means taking a loss for a few months near-term.

 

This may be what you had in mind, I just didn't quite understand your explanation.

 

I spoke with my girlfriend that sets rent pricing(not Houston market). She said "Under ideal situations you offer concessions(free rent) before a sale.  In the Houston market it's probably due to rent projections during funding and matching what the competition is doing."

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19 hours ago, brijonmang said:

Sorry for the delay!  Was this what you had in mind, @bobruss?

 

Someone Opened the Juice Box!

 

The density from Alexan Downtown, 500 Crawford, and the Catalyst looks great in this picture.

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I was imagining that the area between all the office buildings and the baseball stadium would never fill in, but it's done now.

 

There's still some really great lots that are just surface lots that will go very quickly in the next round of action.

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On 5/11/2017 at 9:08 AM, Houston19514 said:

 

WTF?  Who is this watergonzalez and why is he recording and broadcasting what is clearly false information?  As Dr. Lan said, the unit in the video is closer to $3250 per month.  There is not a unit of any size in the building for which they are asking $13,000 per month, let alone $20,000.  (The most expensive unit I can find is a 3 bed/3 bath on the 32nd floor (larger and higher than the unit in the video) for which they are asking $9,400 per month.  Expensive, yes.  $13-20,000 per month for a mid-level 2 bed/2 bath?  NFW.

 

Yeah, thats horrible misinformation. I'm surprised the one 3/3 unit came in at $9,400 a month. When that was talked about during development they were talking between $7-$8k/month. Guess they think they can fill it. In their defense it is the only unit like that and its got a damn nice view and tons of private patio space.

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Lots of active work still on the pocket park; it's hard to even photograph it all.  A bunch of trees inside, and some brickwork along the sidewalk.

 

jvOHutG.jpg

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Stupid question: is this park going to be open for the public?

 

On a related note, the empty lot next to the Holiday Inn downtown (where the demolished Savoy building was) was originally rumored to be a park, but it's just fenced off.  I saw some people in there though measuring

 

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2 minutes ago, cspwal said:

Stupid question: is this park going to be open for the public?

 

On a related note, the empty lot next to the Holiday Inn downtown (where the demolished Savoy building was) was originally rumored to be a park, but it's just fenced off.  I saw some people in there though measuring

 

 

Not a stupid question at all.  I don't think we really know.  At least at one point there was some information suggesting it would be primarily outdoor dining space for a ground floor restaurant.

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I think this is just landscaping for the Ari's entrance on Main street. They just wanted to spruce it up and create a little green space coming into the tower.

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