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42-Story High-Rise for Block 98, Behind Hess Tower

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4 minutes ago, thatguysly said:

 

I think some may come around but seems like it has been very quiet lately. Though this one came out of almost no where. I really hope Shanska happens. I just feel like we might hit a lull until the next wave. A lot of companies are hitting pause with COVID. I hope I am wrong and some race to beat others to open like you see on Allen. I just feel like the list you listed was always more of hopes instead of expected to happen.

 

I think Skanska bought that site for the long run and it's just a question of when they can develop. I don't expect much office development in Houston in the next 5 years, except for some small projects that cannibalize older buildings for their tenants. With multi-family I think we're in the middle of a slowdown (but not a halt) and the pandemic will determine how long and bad that slowdown is. Retail I also think will be minimal for the foreseeable future except for some limited stuff inside larger developments.

 

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1 hour ago, H-Town Man said:

 

I think Skanska bought that site for the long run and it's just a question of when they can develop. I don't expect much office development in Houston in the next 5 years, except for some small projects that cannibalize older buildings for their tenants. With multi-family I think we're in the middle of a slowdown (but not a halt) and the pandemic will determine how long and bad that slowdown is. Retail I also think will be minimal for the foreseeable future except for some limited stuff inside larger developments.

 

So that pretty much covers everything except industrial and hotels 😕. Covid is really making an impact.

 

This section is going to be rough.

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2 hours ago, Visitor said:

So that pretty much covers everything except industrial and hotels 😕. Covid is really making an impact.

 

This section is going to be rough.

 

Industrial is the best sector right now, hotels are the worst.

 

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9 hours ago, X.R. said:

 

that is an incredible statistic. I don't know if 25k units is a lot to be under construction, but 90% of them being luxury to me sounds crazy high. The townhome style units sound pretty amazing, as does have direct access to the tunnels. Thats a bit of a coup for them I would think. If I worked downtown and had the cash, I would love to be"walking home" in the tunnels. Could never have imagined that 10 years ago.

 

This, the preston,the mid-rise going in on the west side of downtown (fairfield), and the remodeling of the Houston Center/the shops are big wins despite the medium-term effects of the economy/COVID, as the article describes it. 

 

Connecting to the tunnels is awesome

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I had thought they might also connect via skywalk to the Marriott Marquis, and do a deal with the hotel to offer room service to the apartment tower.

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I would hope that as the residential population of downtown goes up maybe this side could get some kind of convenient grocery. I wonder if Aldi has ever tried an urban format.

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MW-EN707_356who_ZG_20160525133138.jpg

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^^^ now THIS is what i want to see DOWNTOWN HOUSTON.  although, i LOVE me some PHOENICIA MARKET as well...

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Urban H‑E‑B should go by market square area, lots of residents there.

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2 hours ago, kbates2 said:

Urban H‑E‑B should go by market square area, lots of residents there.

 

Post Houston should be a market... but will it have things like a grocery? or more clothing? I'd hope market square people can walk over to post...

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I still don't trust it - it might just be a parking lot improvement.  I won't believe it until I see a banner for 3 months free rent

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