jgriff Posted December 12, 2014 Share Posted December 12, 2014 Triton, while you may have been paying $100 to fill up your truck in summer of 2008, oil prices were no where near $100/barrel from 2004-2008. Prices mostly exploded after the shale revolution of 2009-2012 began. I happen to be one of the forumers here who care both about the architecture AND economics of developments around the city. I work in single family residential development and we sell a good chunk of our homes to energy executives. I rarely post, but I certainly read others' posts every few days because I'm extremely interested in land planning, economics, development, and architecture and my lively hood depends on it. What I've noticed is some of the younger posters here care little about the economics and are mostly skyscraper enthusiast. However, some of the more seasoned super posters are so tainted by the oil bust of the 80's that it's always in the back of their heads that a bust is right around the corner. So my apologies if I came across as disrespectful to swtig with my 'negative nancy' comment. Even though I may have overreacted, I'm sure he knows where I'm coming from when I said there's a negative tone to most (not all) of his comments. I can appreciate both perspectives which is why I enjoy HAIF so much. It's great to keep economics in perspective but it's also good to see new blood in Houston that's not scared to death to develop big projects. That gun-shy attitude has held back investment in Houston for 20-30 years. NEWSFLASH: Houston is not the only city that goes through these real estate cycles. In fact only a handful of cities like NYC are diverse and stable enough to limit the extremes of cycles. It may be more pronounced here with our relationship to the energy industry but certainly not unique to Houston. Our motto at my company is do well enough in the good times to carry us through the lean times, but surely the good times will come rolling around again. So just as there may be a bust around the corner, there may also be a boom coming right behind it!!!! Oil hit its all time high of $147 a barrel in 2008. 2 Quote Link to comment Share on other sites More sharing options...
LarryDierker Posted December 12, 2014 Share Posted December 12, 2014 metrowest^ Quote Link to comment Share on other sites More sharing options...
lockmat Posted December 12, 2014 Author Share Posted December 12, 2014 I enjoy getting my hopes high on possible Houston projects as much as the next Houston homer, however I'd rather want the truth based in reality.Swtsig is a reservoir of information - for all kinds including positive, "negative" and realistic. I'll repeat it - he is HAIFs most valuable member. He gives you the truth, he doesn't lie, he doesn't tickle your ears. Just the facts - and facts no other HAIFer can provide (with the rare exceptions).And this is not predominantly an architecture forum, regardless of the url address. It should be renamed Houston Development Forum. People here like architecture but there's no doubt they like the development more, at least as it relates to Houston. Do we like good architecture, no doubt, but most would take the average development over no development at all. 7 Quote Link to comment Share on other sites More sharing options...
lockmat Posted December 12, 2014 Author Share Posted December 12, 2014 as of a few weeks ago i was told this one was still moving forward but we've seen one hell of a decline in crude even since then... let's see what happens.I find it hilarious that people are so offended by two comments made here.1) Confirmation from a source (the person he talked to) saying it was MOVING FORWARD (a positive statement for ESL people).2) a realistic comment anchored in current realities which happens to also echo concerns of other industry experts having been quoted publicly recently.I fail to see the "negativity" Quote Link to comment Share on other sites More sharing options...
urbanize713 Posted December 12, 2014 Share Posted December 12, 2014 Danggit, I ran out of pocorn for this thread. Just when it was getting good too 1 Quote Link to comment Share on other sites More sharing options...
bachanon Posted December 12, 2014 Share Posted December 12, 2014 Play nice. Personal attacks and abusive content will be removed. 1 Quote Link to comment Share on other sites More sharing options...
Triton Posted December 12, 2014 Share Posted December 12, 2014 Oil hit its all time high of $147 a barrel in 2008.Thank you.... I remember paying a lot that summer. Quote Link to comment Share on other sites More sharing options...
por favor gracias Posted December 12, 2014 Share Posted December 12, 2014 Yeah, I remember paying $4.15 for a gallon of regular gasoline just outside of Brenham right after Hurricane Ike. Some places were price gouging at the time, but I do remember oil reaching its all time high during that time...and then it dropped like a rock at the end of 2008. Oil reached $147 in mid July 2008, and then dropped down below $40 in December before creeping back up...while the national average for the price of a gallon of unleaded gas in mid July 2008 reached $4.11, and then dropped all the way down to $1.66 by mid December 2008 before it started creeping back up also. Quote Link to comment Share on other sites More sharing options...
Luminare Posted December 12, 2014 Share Posted December 12, 2014 aww I apologized and everything in that post too ;( darn you bachanon! DARN YOUUUUUUU! 1 Quote Link to comment Share on other sites More sharing options...
dcdude Posted December 12, 2014 Share Posted December 12, 2014 I can guarantee you that this project is indeed moving forward without a doubt. 2 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted December 12, 2014 Share Posted December 12, 2014 ya the "irresponsible" comment really threw me for a loop.... i guess the dude has a hard-on for me something fierce. even when i'm simply pontificating on a development he spews a vitrol-laden rant about who knows what. i find it odd that he has "blindly accepted" my role as a complete fraud yet puts everyone else on blast (i guess?) for uhh.... allowing me to post? reading my posts?? not sure.simply pontificating... interesting word combo Quote Link to comment Share on other sites More sharing options...
Fortune Posted December 12, 2014 Share Posted December 12, 2014 I just don't see why the declining price of oil has to be brought up in every forum. We all know what's going on with oil prices and how they effect the market and projects. It doesn't need to be repeated over and over. I just read almost two pages of post that really have nothing to do with The Kirby Collection. Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted December 12, 2014 Share Posted December 12, 2014 I can guarantee you that this project is indeed moving forward without a doubt.There it is. Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted December 12, 2014 Share Posted December 12, 2014 aww I apologized and everything in that post too ;( darn you bachanon! DARN YOUUUUUUU! It was towards me Quote Link to comment Share on other sites More sharing options...
swtsig Posted December 12, 2014 Share Posted December 12, 2014 simply pontificating... interesting word combo ripe with irony Quote Link to comment Share on other sites More sharing options...
'Stonian Posted December 13, 2014 Share Posted December 13, 2014 (edited) Oil hit its all time high of $147 a barrel in 2008. True, I guess I stand corrected 'somewhat', which is why I stressed 'from 2004-2008' when Houston experienced steady, consistent growth absent astronomical oil prices.. However, take a look at the historic price of oil and tell me there's no validity to what I'm saying. To single out a few months in 2008 when oil prices spiked to an all time high is disingenuous at best. Oil was around $20-$30/barrel in the run up to the 2004 Superbowl when re-development was occurring all around the city. In fact, save for those few months in 2008, prices ranged from anywhere from $30-$70 from 2004-2008, a time a great prosperity in Houston. http://www.infomine.com/investment/metal-prices/crude-oil/all/ Edited December 13, 2014 by 'Stonian Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted December 13, 2014 Share Posted December 13, 2014 (edited) True, I guess I stand corrected 'somewhat', which is why I stressed 'from 2004-2008' when Houston experienced steady, consistent growth absent astronomical oil prices.. However, take a look at the historic price of oil and tell me there's no validity to what I'm saying. To single out a few months in 2008 when oil prices spiked to an all time high is disingenuous at best. Oil was around $20-$30/barrel in the run up to the 2004 Superbowl when re-development was occurring all around the city. In fact, save for those few months in 2008, prices ranged from anywhere from $30-$70 from 2004-2008, a time a great prosperity in Houston. http://www.infomine.com/investment/metal-prices/crude-oil/all/ The difference is that even in the earlier part of that timeframe, you had continually climbing oil prices combined with a strong national economy, something we don't have today. Credit was looser, making economic development easier. Also, $50-60 oil a decade ago is not the same in terms of impacting employment growth as $50-60 oil now. There was more exploration to be done then in that price range; now there's very little exploration you can do at $50-60 that hasn't already been done. Edited December 13, 2014 by H-Town Man 1 Quote Link to comment Share on other sites More sharing options...
Houston? Posted December 13, 2014 Share Posted December 13, 2014 How bout we just all stop and chill and see what happens because none of us knows what's going to happen in the future... 4 Quote Link to comment Share on other sites More sharing options...
Avossos Posted December 13, 2014 Share Posted December 13, 2014 I was on the bridge of tc jester near i ten going south and noticed that the skylines are literally merging. Kirby drive was directly ahead of us. How tall will these towers be? This project and the Hanover 40 story will just add to the skyline. If yall haven't see this view, it is incredible 2 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted December 14, 2014 Share Posted December 14, 2014 I was on the bridge of tc jester near i ten going south and noticed that the skylines are literally merging. Kirby drive was directly ahead of us. How tall will these towers be? This project and the Hanover 40 story will just add to the skyline. If yall haven't see this view, it is incredibleKirby is growing into an amazing corridor. I wouldn't mind seeing 10-20 floor buildings start to fill in. This size project is great. 4 Quote Link to comment Share on other sites More sharing options...
Luminare Posted December 17, 2014 Share Posted December 17, 2014 The Cafe Express building is no more. They were also digging up the parking lots. 2 Quote Link to comment Share on other sites More sharing options...
Timoric Posted December 19, 2014 Share Posted December 19, 2014 (edited) - Edited July 8, 2019 by Timoric Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted December 19, 2014 Share Posted December 19, 2014 I hope you can take a picture. New and emerging skylines are one of the best things to see on this forum. For example, the cool pics of Med Center density and Uptown we have been seeing lately.I think the best view is actually on 59 over Kirby, right at dusk when the street lights are on. I'll try my best. 1 Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted December 19, 2014 Share Posted December 19, 2014 Top pic for overall skyline is the northbound 610 turn onto 288. If I could avoid killing myself, I'd take a pic, for the good of the order. Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted December 19, 2014 Share Posted December 19, 2014 Top pic for overall skyline is the northbound 610 turn onto 288. If I could avoid killing myself, I'd take a pic, for the good of the order. Might be a reason to charter an uber--just to have them take this turn to get the pic. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted December 19, 2014 Share Posted December 19, 2014 One day I shall have a drone and the permit to fly it... Quote Link to comment Share on other sites More sharing options...
por favor gracias Posted December 20, 2014 Share Posted December 20, 2014 I really like 45 heading northbound going over 59 and onto the Pierce Elevated. The city looks so dense and love the Uptown skyline in the distance from there (not the mention the massive downtown skyline to the right and med center/inner loop/GWP skylines to the left). Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted December 20, 2014 Share Posted December 20, 2014 I wasn't talking overall skyline I was talking specifically about the growing Kirby Canyon. west Ave is so large the corner building is the size of a small cathedral. Doesn't help that it has "bell towers". Quote Link to comment Share on other sites More sharing options...
por favor gracias Posted December 20, 2014 Share Posted December 20, 2014 I really like the view you're talking about too...it has a nice color scheme going as well. Quote Link to comment Share on other sites More sharing options...
cloud713 Posted January 8, 2015 Share Posted January 8, 2015 Couldn't get a picture but everything is turned up dirt now.. And a sign advertising office space coming in 2017. 7 Quote Link to comment Share on other sites More sharing options...
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