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Market Square Tower: 40-Story High-Rise for Downtown


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I have been saying we need to target more middle class, police, nurse, etc.. this is not NYC not everything need to he 1700 one bed room

yeah but this is in the financial district of downtown Houston, where i believe land prices are the highest in the state. do people seriously expect the downtown developments to be low income housing? it just doesn't make sense economically.. unless of course, wait for it.. incentives are provided. GASP! :o

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Got to take a hardhat tour of the site yesterday. Still a lot of work to be done. They're shooting for an October 26th grand opening, with about the first 15 or 16 floors complete at that time. The 39

That's a great shot.  And to give an idea of how much things have changed from this angle recently, below I have attempted to highlight everything that's new in the last 15 years:

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Everyone wants high quality everything at the price they deem personally “affordable”; I guess these folks are making a run at the same pot of cash that was given to DT residential incentive recipients. I can’t blame them for that, I guess, or at least no more than I blame the developers.

 

How much might we all have to pay for a vibrant downtown, who knows?  If it works, will it be worth it? Probably depends who you ask.

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Could you make an affordable residential high rise similar to what is going up on Wayside - granite counter-tops but no amenities?  Would it be worth living in?  Or would that not make financial sense in downtown?

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The incentives are supposed to pay for themselves through increased property tax revenue in the future.  $15k credit now, increased property taxes in the future based on the improvements and overall increase in property values due to more demand.  If affordable housing is built, it will increase the future property taxes less and thus would really only make fiscal sense if less than the current incentives.  Who know if developers would still be willing to build downtown with less incentives in order to make less money in the future?

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I understand their argument, but I feel having a vibrant downtown will benefit the city as a whole and not just the higher income people living in the apartments. Once downtown is more vibrant, it will bring more money to the city via taxes from tourists spending money and property taxes. That will in turn fund other projects in the city. I'm pretty sure my tax payer dollars are used to build roads ill never drive on, schools ill never attend, social programs i'll never benefit from, but that's the point of paying taxes so everyone can benefit even if it's for something you personally might not benefit from. There's affordable housing all over the city.

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I don't understand their argument at all. If you want to live Downtown, work you're way up to the top. The problem is everyone wants handout these days (and this statement is coming from a brown person)

If really you want an affordable housing crisis, look at NYC and stop complaining...

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Sounds like a personal problem to me. People move to NYC knowing full well why they are getting in to. Yes, it seems like paradise because we have some of the lowest cost living in the country. Regrettably, that fact coupled with a solid job market is causing this lovely traffic CF we are dealing with.

In any case, I agree with tigereye. You want it? Work for it.

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The neighbors keep moving up. Someone mentioned jumping the crane... Overheard once they get the floor they're on poured they'll do the tiebacks and then jump it. Although it doesn't look like its poured, haven't seen a sizeable fleet of concrete trucks this week (which isn't saying much). If not this weekend, next weekend has to be a sure fire thing.

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You wouldn't gain too much from that and the trailer is on ground floor anyways. Not to mention if you could get the clearance in the garage (which you can't, its incredibly small (its where I park)) you then create a logistical nightmare of getting them in and out (there isn't a good place to turn them) especially since concrete material companies are incapable of actually staggering the loads like they say they will, you get back up. As it is, they have them wait on Preston when they start backing up and have them drop back around the block to be where they need to be when its their turn. 

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Yeah, ideally on a big pour you should be able run 150-200 cuyd an hour through it. But if the trucks don't leave whatever plant they come from when they should you have gaps or traffic, or if they send them all out in succession you get the scenario you have seen. Which seems like an okay thing, but if something happens with the pumping & placing boom the concrete is only allowed to sit for so long. like 90 minutes at a max temp of 90degrees is average before you have to turn it away. 

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It looks like stone of some kind, but maybe that's being pedantic.

 

Whatever they do to finish out the lower floors will make all the difference in the world. The JW Marriott looked like a hot mess when they were stenciling on the "brick", but it came out pretty nice.

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I just went by the site and spoke with some of the workers.

1. The brick/stone is actually a manufactured cement based stone/brick.

2. It is going all the way to the top.

I don't know how it will wear, but I kind of like the stone look.

I would have preferred brick like the new fingers project across from Minute Maid.

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