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Development List For Buildings In Houston


Urbannizer

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Wonder if inside Loop will ever say the end of an era, the last trailer park inside the Loop in Houston has closed similar to the last Drive In Movie theater is gone or something like that.

 

Fort Worth actually has a very nice three-screen drive-in complex situated just north of Downtown and south of the Cats' ballpark. That actually could work one one of those vacant Northside or East End lots.

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Farb Montrose? Swamplot reports this is what will take the place of the Hollywood Vietnamese, which will be a memory by the day after Thanksgiving...

 

http://swamplot.com/apartment-block-planned-for-montrose-and-fairview-replacing-hollywood-vietnamese-and-parking-lots/2014-08-14/

 

hollywood-vietnamese-sign.jpg

Edited by toxtethogrady
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Farb Montrose? Swamplot reports this is what will take the place of the Hollywood Vietnamese, which will be a memory by the day after Thanksgiving...

 

http://swamplot.com/apartment-block-planned-for-montrose-and-fairview-replacing-hollywood-vietnamese-and-parking-lots/2014-08-14/

 

hollywood-vietnamese-sign.jpg

 

 

Here's the thread:

 

http://www.houstonarchitecture.com/haif/topic/30882-new-apartment-building-for-fairview-and-montrose-hollywood-vietnamese-closing/?p=484168

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Incidentally, if some of you are wondering why your favorite project isn't going up as fast or as soon as you hoped, Bloomberg might have an explanation...

 

"...At Houston-based Camden Property Trust (CPT), one of the biggest U.S. apartment owners, half of 14 projects under construction or being leased for the first time are as much as six months behind schedule because “we don’t have enough workers,” Chief Executive Officer Ric Campo said. Competitors are so brazen that recruiters will venture onto Camden work sites, he said.

“We have had situations where people have pulled up and said ‘Hey, I’ll pay you $100 cash right now if you come to my job,’” Campo said. He estimated that labor costs are helping boost building expense 5 percent to 15 percent.

Signing Bonuses

Jockeying for Houston workers goes beyond energy, according toRay Perryman, president of Waco, Texas-based economic consultant Perryman Group. Construction and even restaurant employees have received signing bonuses, he said by e-mail..."

 

http://www.bloomberg.com/news/2014-11-19/wages-poised-to-rise-as-signs-emerge-of-improved-u-s-job-market.html

 

In other words, if you can swing a hammer (or master a nail gun or a cordless screwdriver), they need you.

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Incidentally, if some of you are wondering why your favorite project isn't going up as fast or as soon as you hoped, Bloomberg might have an explanation...

 

"...At Houston-based Camden Property Trust (CPT), one of the biggest U.S. apartment owners, half of 14 projects under construction or being leased for the first time are as much as six months behind schedule because “we don’t have enough workers,” Chief Executive Officer Ric Campo said. Competitors are so brazen that recruiters will venture onto Camden work sites, he said.

“We have had situations where people have pulled up and said ‘Hey, I’ll pay you $100 cash right now if you come to my job,’” Campo said. He estimated that labor costs are helping boost building expense 5 percent to 15 percent.

Signing Bonuses

Jockeying for Houston workers goes beyond energy, according toRay Perryman, president of Waco, Texas-based economic consultant Perryman Group. Construction and even restaurant employees have received signing bonuses, he said by e-mail..."

 

http://www.bloomberg.com/news/2014-11-19/wages-poised-to-rise-as-signs-emerge-of-improved-u-s-job-market.html

 

In other words, if you can swing a hammer (or master a nail gun or a cordless screwdriver), they need you.

 

Yea just make sure you don't hire someone who's going to burn down the whole apartment!

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1398273456000-INSIDE-JOHN-OLIVER-jy-3885

 

AND NOW

ANOTHER THING HOUSTON HAS A SHORTAGE OF:

 

This morning's BisNow contains this little tidbit:

"Here’s our moderator, BURY principal Steve Eklund with Seeberger Associates’ Perry Seeberger. Steve says development timelines have been brutal—on day one in his office, he’s already a month behind. Availability of labor is a huge problem, and construction costs are up about 7% again this year, and projected to do the same in 2015."

Edited by toxtethogrady
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1398273456000-INSIDE-JOHN-OLIVER-jy-3885

 

AND NOW

ANOTHER THING HOUSTON HAS A SHORTAGE OF:

 

http://www.bizjournals.com/houston/print-edition/2014/11/28/my-kingdom-for-a-welder-how-houston-will-fill.html

 

"The Houston region needs to fill almost 300,000 jobs in the next three years in what is known as the "middle-skills" market — people who need additional training, but not necessarily university degrees — and the rush is on to find solutions. There are more new partnerships between education and the energy sector than ever before, industry and college officials contend.

 

Many of these jobs pay close to $100,000 within a few years, but filling them represents arguably the biggest challenge facing the energy and petrochemical booms.>>"

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Since GFR gets kicked around a lot on HAIF, I thought this item from Swamplot was noteworthy. A restaurant is moving into a space at the ground floor of the Mosaic:

 

http://swamplot.com/fine-dining-coming-to-hermann-park-east/2014-12-01/

 

FINE DINING, 24-HOUR ROOM SERVICE AND BUTLERS TOTING WINE COMING TO MOSAIC ON ALMEDA RD.

 

davis-st-restaurant-mosaic-almeda.jpg

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  • 2 weeks later...

1398273456000-INSIDE-JOHN-OLIVER-jy-3885

 

AND NOW

ANOTHER THING HOUSTON HAS A SHORTAGE OF:

 

http://www.bizjournals.com/houston/print-edition/2014/11/28/my-kingdom-for-a-welder-how-houston-will-fill.html

 

"The Houston region needs to fill almost 300,000 jobs in the next three years in what is known as the "middle-skills" market — people who need additional training, but not necessarily university degrees — and the rush is on to find solutions. There are more new partnerships between education and the energy sector than ever before, industry and college officials contend.

 

Many of these jobs pay close to $100,000 within a few years, but filling them represents arguably the biggest challenge facing the energy and petrochemical booms.>>"

 

Wow! You'd think with all of the people pouring into the region daily that there'd be enough people to fill those positions. Houston is just on fire!

Edited by Dariusb
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  • 4 weeks later...
  • 2 weeks later...

I didn't want to start a new thread for this, since I think there's got to be one already. Swamplot mentions a shelved project that was going to take down the Georgian Apartments on Willowick may be still in the offing. It was supposed to be a 40-story development. I can't imagine it being anywhere close to starting, but it's apparently still alive, as the buyer has received an extension...

 

http://swamplot.com/on-then-off-sale-of-the-georgian-apartments-near-highland-village-is-on-again-maybe/2015-01-26/

 

georgian-willowick.jpg

Edited by toxtethogrady
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I check the Forbes List Every Year for Cities with the Most New Construction.

 

Houston has been in the Top 3.

It often goes

1. NYC

2. Dallas

3. Houston

 

Check out 2014 for some pinnacle of the boom bragging rights.

 

http://www.forbes.com/sites/erincarlyle/2014/11/11/building-boom-towns-metro-areas-with-the-most-new-construction-in-2014/

 

For 2015 article head here:

 

www.forbes.com/sites/erincarlyle/2015/01/27/americas-fastest-growing-cities-2015/

 

01. Houston

02. Austin

03. Dallas

08. Fort Worth

10. San Antonio

Edited by jdkamerer
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At last year’s Houston Apartment Association event, Orion CEO Kirk Tate called the last two years the best of his 40-year career. He also said, “We have memories, and we wonder what’s going to happen when the music stops. I don’t want to be holding too much when it stops.”

At Tuesday’s meeting, Tate said Houston has been “red-lighted” by lenders. He said developers have opportunities in lower-end Class B and C apartments to refurbish those products. But management companies need to take care of their residents in light of the new competition in Class A apartments coming to the market.

Brandt Bowden with the Hanover Company agreed that capital for new construction has dried up in Houston. He said the drop could be a positive, as things were heating up very fast in the last few years and construction costs became inflated.

“Ultimately, there was a fever in Houston,” Bowden said. “The drop in oil broke that fever. We are getting cautious.”

http://blog.chron.com/primeproperty/2015/01/houston-apartment-outlook-not-as-rosy-as-oil-price-tumbles/

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I check the Forbes List Every Year for Cities with the Most New Construction.

 

Houston has been in the Top 3.

It often goes

1. NYC

2. Dallas

3. Houston

 

Check out 2014 for some pinnacle of the boom bragging rights.

 

http://www.forbes.com/sites/erincarlyle/2014/11/11/building-boom-towns-metro-areas-with-the-most-new-construction-in-2014/

I'm actually surprised at where Dallas-Fort Worth ranks. While active, the area has not seen anywhere near the highrise development that Houston has. Knowing that two-thirds of the new Houston projects are petrochemical plants, I have to suspect a large share of the Dallas-Fort Worth projects are also other than buildings. There's been a lot of work on the DFW freeways and it is continuing for another few years.

Edited by toxtethogrady
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