Cadogan Place: River Oaks Townhomes On San Felipe St.

[Urbannizer]

As of Dec. 2015:

 

 

 

 

http://www.rohewright.com/images/cadogan-place/

[Timoric]

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Edited July 10, 2019 by Timoric

[Urbannizer]

 

 

[Urbannizer]

 

 

 

[db650]

Wow. So only two sold? There is such a glut of new town homes for sale over 1.5 million in this area.

[Luminare]

I wish they would build "flat style" apartments like this. Where each floor is its own apartment instead of one entire building being a townhome. I think that would be a really good market here.

[Luminare]

Actually I'm curious why that kind of market hasn't started yet. Would actually be a reduced cost as far as building those enormous apartment blocks go. They could probably lower their parking requirements or even get away with on street parking. This would reduce podiums with whatever buildings they are constructing. Flat Apartments are more flexible in terms of sales. They would definitely sell too! You want to talk about increasing density quick. Just start building a series of those. Not as high end as this development, but in this type of arrangement and that would be fantastic.

[cspwal]

19 minutes ago, Luminare said:

Actually I'm curious why that kind of market hasn't started yet. Would actually be a reduced cost as far as building those enormous apartment blocks go. They could probably lower their parking requirements or even get away with on street parking. This would reduce podiums with whatever buildings they are constructing. Flat Apartments are more flexible in terms of sales. They would definitely sell too! You want to talk about increasing density quick. Just start building a series of those. Not as high end as this development, but in this type of arrangement and that would be fantastic.

 

They could build a bunch in downtown that rely on just street parking - I believe the parking minimums are waived in downtown.  Each block can hold about 10 cars per side, so they could easily have a half block, 5 story building with flat on each floor.  Alternatively, the first floor could be half retail, half off-street parking (open parking sheltered by the 2nd floor) and that would let them make this in midtown and meet those parking minimums.

 

I would definitely one of those flat apartments lol

[Angostura]

I think part of the reasoning is that common areas (entryways, stairs, elevators) are (a) non-revenue generating and (b) require maintenance and upkeep. Leveraging these over a higher quantity of units will tend to keep overall prices down.

 

This model is just under 4500 s.f. over 4 floors, and is listed for just under $2M. Assuming CoH doesn't waive parking minimums it'd need 4 or 5 parking spaces, so you'd lose pretty much any living space on the ground floor. That leaves three apartments at about 1200-1300 s.f., priced from $650-700k, with monthly condo fees high enough to pay for one third of the maintenance of the entire structure. 

 

I've lived in a condo building with only five units, and it has its benefits, but administration was a pain in the ass.

 

 

[Houston19514]

19 hours ago, Angostura said:

I think part of the reasoning is that common areas (entryways, stairs, elevators) are (a) non-revenue generating and (b) require maintenance and upkeep. Leveraging these over a higher quantity of units will tend to keep overall prices down.

 

This model is just under 4500 s.f. over 4 floors, and is listed for just under $2M. Assuming CoH doesn't waive parking minimums it'd need 4 or 5 parking spaces, so you'd lose pretty much any living space on the ground floor. That leaves three apartments at about 1200-1300 s.f., priced from $650-700k, with monthly condo fees high enough to pay for one third of the maintenance of the entire structure. 

 

I've lived in a condo building with only five units, and it has its benefits, but administration was a pain in the ass.

 

 

 

You're saying by building it horizontally rather than vertically, it would suddenly be required to have 4 or 5 parking spaces?  I don't think that's how the city's parking requirements work.  Pretty sure the parking requirements are, roughly speaking, based on the number of bedrooms... and they top out at 2 spaces per dwelling unit.

Edited September 13, 2016 by Houston19514

[Angostura]

On 9/13/2016 at 11:00 AM, Houston19514 said:

 

You're saying by building it horizontally rather than vertically, it would suddenly be required to have 4 or 5 parking spaces?  I don't think that's how the city's parking requirements work.  Pretty sure the parking requirements are, roughly speaking, based on the number of bedrooms... and they top out at 2 spaces per dwelling unit.

 

Yes, a three-apartment building requires more off-street parking than a single-family townhouse in the same footprint. Three 1-BRs would require 4 spaces (1.333 per unit), three 2-BRs would require 5 spaces (1.666 per unit).

[Luminare]

parking requirements is truly the on thing holding back a lot of things.

[Urbannizer]