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Catalyst: 28-Story Residential High-Rise For Downtown


TowerSpotter

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Good thing this closed when it did. A few weeks later and they wouldn't of been able to make a deal. They're having trouble getting financing for the 24 story. A foreign billionaire is supposed to come into town next week for finance talks. They're currently in talks with a restaurant on the corner closest to 500 Crawford. And apparently they build all their units so that they can be converted to condos in the future.

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Good thing this closed when it did. A few weeks later and they wouldn't of been able to make a deal. They're having trouble getting financing for the 24 story. A foreign billionaire is supposed to come into town next week for finance talks. They're currently in talks with a restaurant on the corner closest to 500 Crawford. And apparently they build all their units so that they can be converted to condos in the future.

What?

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building in condo conversion flexibility is very common - it adds little to the overall cost of the project but can enhance the project value upon exit. i'd be surprised if most mf highrises going up weren't built to condo specs.

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Good thing this closed when it did. A few weeks later and they wouldn't of been able to make a deal. They're having trouble getting financing for the 24 story. A foreign billionaire is supposed to come into town next week for finance talks. They're currently in talks with a restaurant on the corner closest to 500 Crawford. And apparently they build all their units so that they can be converted to condos in the future.

 

In the Catalyst? would that be at Texas and LaBranch?

 

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So, do I understand correctly that the low rise building is financed and that is what is under construction..... But the highrise is NOT yet financed and is not under construction?

 

No. The 28 story Catalyst is under construction. The same company has a 24 story building planned around the corner of MMP. The 24 story building is awaiting financing.

Edited by LarryDierker
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  • 5 weeks later...

I still can't see the second tower crane base, the fact that the one crane is right in the middle of the block makes it seem there may only be one. It's possible the second one may be on the east side where the garage/low rise section  will be.

 

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  • 3 weeks later...

From the 609 Main webcam it looks like they are doing a mat pour this morning.

 

The footprint on this building looks like it will be pretty large.  I'm looking forward to this and the Alexan across Texas, which was still a go last I heard.

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  • 2 weeks later...
  • 2 weeks later...

After sitting in my backyard watching up close the construction of the Menil drawing center I have been able to see all of the things

that take so long to get a building out of the ground. The amount of time to just put all of the rebar together for the structural

elements that go into the columns and walls of these buildings. It takes them quite a while to tie all of that rebar together.

They are just starting to take the forms off of the first wall in the basement and its taken probably three weeks of tying rebar

together, just to build this one wall. Concrete wok is labor intensive.

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After sitting in my backyard watching up close the construction of the Menil drawing center I have been able to see all of the things

that take so long to get a building out of the ground. The amount of time to just put all of the rebar together for the structural

elements that go into the columns and walls of these buildings. It takes them quite a while to tie all of that rebar together.

They are just starting to take the forms off of the first wall in the basement and its taken probably three weeks of tying rebar

together, just to build this one wall. Concrete wok is labor intensive.

you almost have to wonder how long before there's a huge 3d rebar printer...

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  • 2 weeks later...
  • The title was changed to Catalyst: 28-Story Residential High-Rise For Downtown

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