htownbro 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 Link to comment Share on other sites More sharing options...
cspwal 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 Link to comment Share on other sites More sharing options...
UtterlyUrban Posted August 7, 2017 Share Posted August 7, 2017 Is Houston House fully fire protected (sprinklers) in all units? 1 Link to comment Share on other sites More sharing options...
H-Town Man 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 Link to comment Share on other sites More sharing options...
Angostura 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 Link to comment Share on other sites More sharing options...
H-Town Man 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 Link to comment Share on other sites More sharing options...
Houston19514 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 Link to comment Share on other sites More sharing options...
cspwal 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 Link to comment Share on other sites More sharing options...
H-Town Man 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. Link to comment Share on other sites More sharing options...
Houston19514 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 Link to comment Share on other sites More sharing options...
Popular Post MarathonMan 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 Link to comment Share on other sites More sharing options...
cspwal Posted December 27, 2017 Share Posted December 27, 2017 It's happening!.gif 2 Link to comment Share on other sites More sharing options...
MarathonMan Posted December 27, 2017 Share Posted December 27, 2017 Block 346 — staging. 6 Link to comment Share on other sites More sharing options...
H-Town Man 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)? Link to comment Share on other sites More sharing options...
MarathonMan 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. Link to comment Share on other sites More sharing options...
hindesky 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 Link to comment Share on other sites More sharing options...
MarathonMan Posted December 27, 2017 Share Posted December 27, 2017 2 Link to comment Share on other sites More sharing options...
MarathonMan 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 Link to comment Share on other sites More sharing options...
Twinsanity02 Posted December 27, 2017 Share Posted December 27, 2017 Good News Indeed. What a city! What a spirit! Monster hurricane and it presses on. Link to comment Share on other sites More sharing options...
Urbannizer Posted December 27, 2017 Author Share Posted December 27, 2017 Merged with existing topic 1 1 Link to comment Share on other sites More sharing options...
hindesky 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? Link to comment Share on other sites More sharing options...
H-Town Man 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 Link to comment Share on other sites More sharing options...
Avossos 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 Link to comment Share on other sites More sharing options...
hindesky Posted December 27, 2017 Share Posted December 27, 2017 http://zieglercooper.com/camden-downtown/ From their website 7 Link to comment Share on other sites More sharing options...
hindesky Posted December 27, 2017 Share Posted December 27, 2017 Will Camden qualify for the tax abatement or did they miss the window? Link to comment Share on other sites More sharing options...
Gary 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. Link to comment Share on other sites More sharing options...
bobruss 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. Link to comment Share on other sites More sharing options...
Urbannizer 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 Link to comment Share on other sites More sharing options...
hindesky 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 Link to comment Share on other sites More sharing options...
Urbannizer 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 Link to comment Share on other sites More sharing options...
mfastx Posted December 28, 2017 Share Posted December 28, 2017 Finally some development in this area! 1 Link to comment Share on other sites More sharing options...
Chi-Char-Hou-Dal 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 Link to comment Share on other sites More sharing options...
Popular Post hindesky 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 Link to comment Share on other sites More sharing options...
Popular Post hindesky 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 Link to comment Share on other sites More sharing options...
UtterlyUrban 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 Link to comment Share on other sites More sharing options...
Tumbleweed_Tx Posted January 7, 2018 Share Posted January 7, 2018 aw snap, no more drunken shortcuts across this block... lol 1 2 Link to comment Share on other sites More sharing options...
invisibletrees 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 Link to comment Share on other sites More sharing options...
bobruss 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 Link to comment Share on other sites More sharing options...
Houston19514 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 Link to comment Share on other sites More sharing options...
j_cuevas713 Posted January 8, 2018 Share Posted January 8, 2018 Damn this is going to really help revitalize that end of the neighborhood. Finally! 1 Link to comment Share on other sites More sharing options...
Popular Post infinite_jim Posted January 16, 2018 Popular Post Share Posted January 16, 2018 Looks like they are setting up a crane today. 13 Link to comment Share on other sites More sharing options...
TheSirDingle Posted January 17, 2018 Share Posted January 17, 2018 How long do you think before even more buildings infill this area? Link to comment Share on other sites More sharing options...
Texasota 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 Link to comment Share on other sites More sharing options...
bobruss 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. Link to comment Share on other sites More sharing options...
Popular Post hindesky 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 Link to comment Share on other sites More sharing options...
hindesky Posted January 21, 2018 Share Posted January 21, 2018 4 Link to comment Share on other sites More sharing options...
HoustonIsHome 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 Link to comment Share on other sites More sharing options...
hindesky Posted January 22, 2018 Share Posted January 22, 2018 A grocery store and restaurants too. 1 Link to comment Share on other sites More sharing options...
UtterlyUrban 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 Link to comment Share on other sites More sharing options...
cspwal 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 Link to comment Share on other sites More sharing options...
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