Jump to content
Urbannizer

3300 Main by PM Realty Group: 30-story, 336-unit high-rise

Recommended Posts

Probably the HCC office building (13/14 stories tall); the Central Bank building and 2016 Main are in midtown, but more extend downtown's skyline than create their own

Edited by cspwal

Share this post


Link to post
Share on other sites

true, although i still consider them to be in "Midtown".. but once the Pierce (hopefully) comes down i guess that may be up for debate.

  • Like 4

Share this post


Link to post
Share on other sites

I wonder what the taxes will be. I browse HAR sometimes, and I don't know how accurate their "monthly" calculator is... But all of the condos in Downtown, Hermann Park, and Uptown, the taxes and HOA's are 50% more than the mortgage (if you have good credit and put 20% down). Even in the east end... But some of them around Greenway, Montrose, Midtown, and Medical Center don't even have the taxes included, just the HOA. I wonder if that's because of lack of data or because they're not in the most desired markets...

The rising taxes over the past couple years make a townhouse farm or condo seem more desirable.

Anyways, would be cool to know the prices.

Share this post


Link to post
Share on other sites

Typically, HCAD assesses new builds at the purchase price for tax purposes. Condo association (HOA) fees are a big driver of monthly expenses for developments with nice amenities--the 24-hour concierge, fitness center, and swimming pool(s) have got to be paid for.

Share this post


Link to post
Share on other sites

Can't be that early in the stages, but yeah. They need to do a lot of work in the site before they can even get going.

Share this post


Link to post
Share on other sites

http://www.houstonchronicle.com/business/real-estate/article/PM-Realty-pushing-ahead-on-Midtown-residential-6535646.php?t=85ba5aa965&cmpid=twitter-premium

 

 

Documents recently submitted to the city for the new residential project refer to it as "high-rise apartments."

Gregory said size of the building has not yet determined, nor has a construction schedule.

"This is a project that's ultimately going to deliver multiple years from now," he said.

 

 

 

He expects the project to be completed when the economy is in better shape. With many developers now pulling back amid the fallout in the energy industry, "we definitely believe bringing a product to market in the next couple of years is a good time," Gregory said.

 

Share this post


Link to post
Share on other sites

 

second half 2017 and especially 2018 and 19 will see a real gap in multifamily deliveries... if you're a developer that has access to capital and believes the market will turn around by then it's a solid strategy, particularly in this low interest rate environment.

Edited by swtsig
  • Like 2

Share this post


Link to post
Share on other sites

second half 2017 and especially 2018 and 19 will see a real gap in multifamily deliveries... if you're a developer that has access to capital and believes the market will turn around by then it's a solid strategy, particularly in this low interest rate environment.

 

Hopefully this is not our future. http://www.bloomberg.com/news/articles/2015-09-29/man-camp-exodus-spurs-real-estate-crisis-across-u-s-shale-towns

Share this post


Link to post
Share on other sites

I feel like we are a bit more stable.

Yeah I don't see the comparison. Creating boom towns overnight on rural land in a sparsely populated state versus an established metropolis.
  • Like 2

Share this post


Link to post
Share on other sites

in the mid 80s weren't there requests that the last one out turn out the lights?

 

certainly Houston is far more robust now than we were then, and there's other factors that were at play then that aren't now, but still. I can see how some would get skittish. 

Edited by samagon

Share this post


Link to post
Share on other sites

Ups and downs occur in all cities. Just read the recent histories of NYC, Boston, Houston , and more extreme , Frankfurt, Berlin, London, Tokyo etc.

 

Houston has an enormous sea port and medical center to name a few things. It is geographically in  a very good location.

Share this post


Link to post
Share on other sites

For anyone who believes the rail isn't creating a lot of this development, read the part about how it's being built strategically next to the Metro rail line. 

  • Like 4

Share this post


Link to post
Share on other sites

Did I miss the statement on the groundbreaking date?

 

Another Haifer on another forum , I believe the Fairfield apartment forum, said that soon Main St. will be  lined from the bayou to I-69 with midrises or highrises.  I believe he is essentially correct. What a difference from the wasteland it was two decades ago.

Share this post


Link to post
Share on other sites

Looks taller but certainly lost it's edge.

Interesting that they changed the design right after Ivy Lofts stole it.

  • Like 1

Share this post


Link to post
Share on other sites

Did I miss the statement on the groundbreaking date?

Another Haifer on another forum , I believe the Fairfield apartment forum, said that soon Main St. will be lined from the bayou to I-69 with midrises or highrises. I believe he is essentially correct. What a difference from the wasteland it was two decades ago.

Link, I'd like to read that

Share this post


Link to post
Share on other sites

 

 

3300 Main is a mixed-use development by PM Realty Group in partnership with AECOM Capital located in the Midtown neighborhood of Houston, Texas. 3300 Main will feature 336 residential apartments, 14,390 square feet of retail space, and 521 parking spaces. The project is strategically located next to the METRORail providing direct access to both Downtown Houston to the North and the Texas Medical Center to the South.

 

So the first thing I noticed was the change from condos to apartments. Why the change?  I think the condos would have added a nice mix to the area.  If the numbers hold that's over 1000 apartment units in 5 blocks.  3800 (320 units), 3600 (363 units), 3300 (336 units).

Share this post


Link to post
Share on other sites

Hey guys real talk tho, a plat was submitted today to the Harris Country Clerks office with the title "Main Street High Rise Apartments"

It's not scanned in yet but when it is I'll post it somewhere

Edited by BigFootsSocks
  • Like 2

Share this post


Link to post
Share on other sites

But that wouldn't include 1111 Main?  That would start at sky house and go south to the museum district...am I missing something?

Share this post


Link to post
Share on other sites

Yeah I doubt it's for this but I saw and just a got really excited and had to tell someone

Edit; so excited I can't even form a coherent sentence

Edited by BigFootsSocks
  • Like 2

Share this post


Link to post
Share on other sites

Update; the survey/abstract this is located in contains Main Street from roughly Leeland, south to around Oakdale

 

That would put it right where the Museo Plaza is proposed, and coincides with Cranky's post this morning:

 

 

 

 
This is still a possibility. The developer is asking the city to abandon Palm street as depicted in the renderings. The NIMBYs are are starting to band together   :wacko:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

×
×
  • Create New...