htownbro 603 Posted August 7, 2017 Share Posted August 7, 2017 3 hours ago, cspwal said: Case in point: Houston House is now below $1000 for pretty much all the 1 bedroom floor plans Really I may consider moving downtown!!!! I'm paying right at 1000.00 for 1 bedroom in Galleria area 2 Quote Link to post Share on other sites
cspwal 3903 Posted August 7, 2017 Share Posted August 7, 2017 2 hours ago, htownbro said: Really I may consider moving downtown!!!! I'm paying right at 1000.00 for 1 bedroom in Galleria area Warning: they currently are renovating, so they have free mandatory valet parking (or an offsite garage) and the pool is closed. But it is a good deal 2 Quote Link to post Share on other sites
UtterlyUrban 1677 Posted August 7, 2017 Share Posted August 7, 2017 Is Houston House fully fire protected (sprinklers) in all units? 1 Quote Link to post Share on other sites
H-Town Man 4990 Posted August 8, 2017 Share Posted August 8, 2017 The fact that these buildings are going forward indicates to me that lease-up at the DLI buildings finished so far must be moving along fairly well. These decisions are made with all available intel and detailed market projections. This is the first really positive news about the high-end residential market we've seen after all the news about 3 month rent concessions. Residential seems to be doing much better than office. 8 Quote Link to post Share on other sites
Angostura 1250 Posted August 9, 2017 Share Posted August 9, 2017 On 8/5/2017 at 10:19 AM, Sunstar said: How is it the downtown living initiative managed to avoid providing affordable housing? Isn't this tax payer supported? People in need of affordable housing were not the demographic DLI was hoping to attract. Also, commercial rents kind of establish a price floor below which it doesn't make sense to build residential. If a developer can get $30/sf for Class A commercial space, that's roughly the equivalent of $2500/month for a 1000-sf apartment. As residential and commercial rates fluctuate relative to one another, the mix of new development should shift accordingly. 4 Quote Link to post Share on other sites
H-Town Man 4990 Posted August 9, 2017 Share Posted August 9, 2017 24 minutes ago, Angostura said: People in need of affordable housing were not the demographic DLI was hoping to attract. Also, commercial rents kind of establish a price floor below which it doesn't make sense to build residential. If a developer can get $30/sf for Class A commercial space, that's roughly the equivalent of $2500/month for a 1000-sf apartment. As residential and commercial rates fluctuate relative to one another, the mix of new development should shift accordingly. I think he means, how was the city politically able to subsidize residential development without making the developers promise a certain amount of affordable housing. Since this is normally what cities do across the U.S. when they intervene in residential development. Of course affordable housing in a place like downtown does not make sense from a purely economic standpoint. That's why cities typically intervene and give tax breaks - to make happen what wouldn't otherwise happen. 1 Quote Link to post Share on other sites
Houston19514 4621 Posted August 9, 2017 Share Posted August 9, 2017 1 hour ago, H-Town Man said: I think he means, how was the city politically able to subsidize residential development without making the developers promise a certain amount of affordable housing. Since this is normally what cities do across the U.S. when they intervene in residential development. Of course affordable housing in a place like downtown does not make sense from a purely economic standpoint. That's why cities typically intervene and give tax breaks - to make happen what wouldn't otherwise happen. It almost certainly would have taken a lot larger subsidies to get affordable housing in the deal. I doubt you'll find many (if any) downtown residential developments (in a downtown anything like Houston's) across the U.S. that provided affordable housing with a subsidy rate of only $15,000 per unit. 2 Quote Link to post Share on other sites
cspwal 3903 Posted August 9, 2017 Share Posted August 9, 2017 On 8/7/2017 at 5:32 PM, UtterlyUrban said: Is Houston House fully fire protected (sprinklers) in all units? Yes it is - though I suspect the old days inn isn't anymore 1 Quote Link to post Share on other sites
H-Town Man 4990 Posted August 9, 2017 Share Posted August 9, 2017 6 minutes ago, Houston19514 said: It almost certainly would have taken a lot larger subsidies to get affordable housing in the deal. I doubt you'll find many (if any) downtown residential developments (in a downtown anything like Houston's) across the U.S. that provided affordable housing with a subsidy rate of only $15,000 per unit. Likely not $15,000 per subsidized unit, but $15,000 per unit spread across the whole building, with a requirement that 10% of units be affordable? I have no idea if that would work, and haven't really studied affordable housing. Quote Link to post Share on other sites
Houston19514 4621 Posted August 9, 2017 Share Posted August 9, 2017 Just now, H-Town Man said: Likely not $15,000 per subsidized unit, but $15,000 per unit spread across the whole building, with a requirement that 10% of units be affordable? I have no idea if that would work, and haven't really studied affordable housing. I haven't studied it much, but have looked at some examples primarily in Dallas. $15,000 doesn't even come close. 1 Quote Link to post Share on other sites
Popular Post MarathonMan 1157 Posted December 27, 2017 Popular Post Share Posted December 27, 2017 Block 330 is getting prepped for Camden’s 20 story residential highrise adjacent to Toyota Center. Sidewalk scaffolding is going up. Block 346 is fenced off for staging/construction management. This project will be good for south downtown! 21 Quote Link to post Share on other sites
cspwal 3903 Posted December 27, 2017 Share Posted December 27, 2017 It's happening!.gif 2 Quote Link to post Share on other sites
MarathonMan 1157 Posted December 27, 2017 Share Posted December 27, 2017 Block 346 — staging. 6 Quote Link to post Share on other sites
H-Town Man 4990 Posted December 27, 2017 Share Posted December 27, 2017 1 minute ago, MarathonMan said: Block 330 is getting prepped for Camden’s 20 story residential highrise adjacent to Toyota Center. Sidewalk scaffolding is going up. Block 346 is fenced off for staging/construction management. This project will be good for south downtown! Houston architecture enthusiasts appreciate this post. Anything happening on Block 98? (block west of Marriott Marquis)? Quote Link to post Share on other sites
MarathonMan 1157 Posted December 27, 2017 Share Posted December 27, 2017 4 minutes ago, H-Town Man said: Houston architecture enthusiasts appreciate this post. Anything happening on Block 98? (block west of Marriott Marquis)? 5 minutes ago, H-Town Man said: Houston architecture enthusiasts appreciate this post. Anything happening on Block 98? (block west of Marriott Marquis)? Nope. Quote Link to post Share on other sites
hindesky 46515 Posted December 27, 2017 Share Posted December 27, 2017 I saw the fencing and trailers yesterday too and thought the same thing about the Camden building but the Red Cross was using this block for a staging yard during Harvey recovery and I wondered if they were just finally moving out? 1 Quote Link to post Share on other sites
MarathonMan 1157 Posted December 27, 2017 Share Posted December 27, 2017 2 Quote Link to post Share on other sites
MarathonMan 1157 Posted December 27, 2017 Share Posted December 27, 2017 4 minutes ago, hindesky said: I saw the fencing and trailers yesterday too and thought the same thing about the Camden building but the Red Cross was using this block for a staging yard during Harvey recovery and I wondered if they were just finally moving out? No. They’re definitely moving equipment in. 2 Quote Link to post Share on other sites
Twinsanity02 1283 Posted December 27, 2017 Share Posted December 27, 2017 Good News Indeed. What a city! What a spirit! Monster hurricane and it presses on. Quote Link to post Share on other sites
Urbannizer 44118 Posted December 27, 2017 Author Share Posted December 27, 2017 Merged with existing topic 1 1 Quote Link to post Share on other sites
hindesky 46515 Posted December 27, 2017 Share Posted December 27, 2017 What is the orientation of the pool/podium parking? Will it face north where it won't ever get sun or south where it will get some sunlight? Quote Link to post Share on other sites
H-Town Man 4990 Posted December 27, 2017 Share Posted December 27, 2017 1 minute ago, hindesky said: What is the orientation of the pool/podium parking? Will it face north where it won't ever get sun or south where it will get some sunlight? Building faces north to Root Park, pool/parking face south. 2 Quote Link to post Share on other sites
Avossos 2281 Posted December 27, 2017 Share Posted December 27, 2017 27 minutes ago, H-Town Man said: Building faces north to Root Park, pool/parking face south. The park should expand 1 block north and kill that street in between. Park would become much more substantial... Could spur more development. Also - I am not a fan of Toyota Center... Would love to see this redesigned. 2 Quote Link to post Share on other sites
hindesky 46515 Posted December 27, 2017 Share Posted December 27, 2017 http://zieglercooper.com/camden-downtown/ From their website 7 Quote Link to post Share on other sites
hindesky 46515 Posted December 27, 2017 Share Posted December 27, 2017 Will Camden qualify for the tax abatement or did they miss the window? Quote Link to post Share on other sites
Gary 252 Posted December 28, 2017 Share Posted December 28, 2017 The south side of the building looks like brick. Looks like it from the rendering anyway. Quote Link to post Share on other sites
bobruss 4986 Posted December 28, 2017 Share Posted December 28, 2017 1 hour ago, hindesky said: Will Camden qualify for the tax abatement or did they miss the window? It will be interesting to see how this works out considering the relationship Ric Campo in his role as head of "Houston First", the super bowl committee, and an active member of the downtown community and his relationship with Bob Eury's group which set up the initiative program. I have the utmost respect for Bob Eury but it will be interesting to see how this ends once the dust settles. I thought it was pretty much settled earlier that they were no longer eligible since the deadline had passed. Quote Link to post Share on other sites
Urbannizer 44118 Posted December 28, 2017 Author Share Posted December 28, 2017 2 hours ago, hindesky said: Will Camden qualify for the tax abatement or did they miss the window? Camden as well as Trammell Crow (Block 98) received an extension. 4 Quote Link to post Share on other sites
hindesky 46515 Posted December 28, 2017 Share Posted December 28, 2017 What about Marquette Urbannizer? The Downtown Houston website shows a 2Q 2018 start? A 304-unit, 24-story apartment tower, bounded by Commerce, Jackson, Franklin and Chevenert. The propsoed project is a half-block tower and garage on the western half, with the block remainder as surface parking. DEVELOPER Marquette Companies TIMELINE Estimated construction start 2Q 2018. Estimated completion 2Q 2020 BLOCK 114 3 Quote Link to post Share on other sites
Urbannizer 44118 Posted December 28, 2017 Author Share Posted December 28, 2017 4 hours ago, hindesky said: What about Marquette Urbannizer? The Downtown Houston website shows a 2Q 2018 start? Fairfield Rsidential received an extension of for 1810 Main, but I dunno any new info regarding Marquette's proposal. 6 Quote Link to post Share on other sites
mfastx 535 Posted December 28, 2017 Share Posted December 28, 2017 Finally some development in this area! 1 Quote Link to post Share on other sites
Chi-Char-Hou-Dal 383 Posted December 29, 2017 Share Posted December 29, 2017 next to the holiday inn / days inn & the metro bus station, what neighbors to have! 1 Quote Link to post Share on other sites
Popular Post hindesky 46515 Posted December 29, 2017 Popular Post Share Posted December 29, 2017 The southern lot will be the staging/storage and construction trailers. They have light duty scaffolding going up on the eastern and part of the northern sections going up. fullsizeoutput_2180 by David, on Flickr fullsizeoutput_2181 by David, on Flickr fullsizeoutput_2184 by David, on Flickr fullsizeoutput_2188 by David, on Flickr fullsizeoutput_2189 by David, on Flickr 20 Quote Link to post Share on other sites
Popular Post hindesky 46515 Posted January 6, 2018 Popular Post Share Posted January 6, 2018 Excavation has begun and the site's fencing will make it hard to see the progress. 11 Quote Link to post Share on other sites
UtterlyUrban 1677 Posted January 6, 2018 Share Posted January 6, 2018 1 hour ago, hindesky said: Excavation has begun and the site's fencing will make it hard to see the progress. We’ll just have to bribe the Roach Coach driver for excavation status details! 1 Quote Link to post Share on other sites
Tumbleweed_Tx 1790 Posted January 7, 2018 Share Posted January 7, 2018 aw snap, no more drunken shortcuts across this block... lol 1 2 Quote Link to post Share on other sites
invisibletrees 106 Posted January 7, 2018 Share Posted January 7, 2018 (edited) The Camden/Ric Campo haters are all silent now. Edited January 7, 2018 by invisibletrees 2 Quote Link to post Share on other sites
bobruss 4986 Posted January 7, 2018 Share Posted January 7, 2018 I for one was critical of the way they sat back during several cycles when they could have pulled the trigger on one or two different projects that had been announced, in particular the city tax incentive that they applied for initially with this project, because I felt like they had reneged on their opportunity to build what they had signed up to do. There were a limited number of units that could qualify for the incentive and they were holding several hundred of these units in limbo. I did say that it made sense to hold up during the middle of the glut and economic downturn to sit on the fence. It was very frustrating to hear about these projects and then have them put on hold. I'm interested to know how Ric Campo and Trammel Crowe were able to qualify after not meeting the deadline for the tax incentives. I'm just glad to see this project in a go position. It will be a fine addition to the southeast corner of downtown joining the growing community around the cathedral. As of now we have two sky houses and the midrise at the train station that took forever, two new mid rise residential buildings adjacent to the cathedral, the apartment midrise that flanks the pearce elevated and now this project joining the Houston House and 2016 Main. When you think about it thats an amazing amount of growth for an area that was pretty much a sea of parking lots five years ago. 8 Quote Link to post Share on other sites
Houston19514 4621 Posted January 8, 2018 Share Posted January 8, 2018 8 hours ago, bobruss said: It was very frustrating to hear about these projects and then have them put on hold. I'm interested to know how Ric Campo and Trammel Crowe were able to qualify after not meeting the deadline for the tax incentives. It has been reported that Trammell Crow Co. received an extension on their participation in the Downtown Living Initiative. "Trammell Crow Co. received an extension on its agreement to build a project through the Downtown Living Initiative program. Now, the company is expected to begin construction at 800 Walker early next year, and it must have a temporary certificate of occupancy by May 28, 2020, to receive the incentive, per the Chronicle.https://www.bizjournals.com/houston/news/2017/08/04/another-downtown-apartment-project-expected-to.html If the Camden project is still in the program, presumably they also got an extension. (FWIW, extensions in these types of programs are pretty much par for the course, and not just in Houston. 6 Quote Link to post Share on other sites
j_cuevas713 3023 Posted January 8, 2018 Share Posted January 8, 2018 Damn this is going to really help revitalize that end of the neighborhood. Finally! 1 Quote Link to post Share on other sites
Popular Post infinite_jim 937 Posted January 16, 2018 Popular Post Share Posted January 16, 2018 Looks like they are setting up a crane today. 13 Quote Link to post Share on other sites
TheSirDingle 1474 Posted January 17, 2018 Share Posted January 17, 2018 How long do you think before even more buildings infill this area? Quote Link to post Share on other sites
Texasota 2934 Posted January 17, 2018 Share Posted January 17, 2018 Hopefully quickly. Campo needs to be shamed into starting the second building as soon as possible. 4 Quote Link to post Share on other sites
bobruss 4986 Posted January 17, 2018 Share Posted January 17, 2018 Once the Randall Davis tower is finished and they sell the remaining units it might spur more condo growth. The tax incentive is gone so now it just depends on how well these new downtown markets do before I see more development. Quote Link to post Share on other sites
Popular Post hindesky 46515 Posted January 17, 2018 Popular Post Share Posted January 17, 2018 (edited) The crawler crane on site is for the foundation pilings. The northside. Edited January 18, 2018 by hindesky 15 Quote Link to post Share on other sites
hindesky 46515 Posted January 21, 2018 Share Posted January 21, 2018 4 Quote Link to post Share on other sites
HoustonIsHome 1626 Posted January 21, 2018 Share Posted January 21, 2018 This side of downtown needs more small convenience stores. But please not another CVS. 3 1 Quote Link to post Share on other sites
hindesky 46515 Posted January 22, 2018 Share Posted January 22, 2018 A grocery store and restaurants too. 1 Quote Link to post Share on other sites
UtterlyUrban 1677 Posted January 22, 2018 Share Posted January 22, 2018 And this side of downtown or anywhere in downtown, frankly, could use places like this: https://stagprovisions.com/ 1 Quote Link to post Share on other sites
cspwal 3903 Posted January 23, 2018 Share Posted January 23, 2018 On 1/22/2018 at 5:17 AM, UtterlyUrban said: And this side of downtown or anywhere in downtown, frankly, could use places like this: https://stagprovisions.com/ Quote RRL CHIMAYO SHAWL CARDIGAN - EARTH S $795.00 Seems a tad expensive 1 3 Quote Link to post Share on other sites
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