toxtethogrady Posted December 31, 2014 Share Posted December 31, 2014 You never know with this crowd... Link to comment Share on other sites More sharing options...
DrLan34 Posted December 31, 2014 Share Posted December 31, 2014 (edited) http://www.wsj.com/articles/hands-off-houston-tries-carrot-to-lure-downtown-dwellers-1419958122 Thus far, demand and rents have exceeded the company’s projections. The tower, which also has a rooftop pool, barbeque grills and offers yoga classes, is about 45% rented— a number that is increasing quickly, he said. Apartments there rent for about $2,600 or more for a two-bedroom and $1,650 or more for a one-bedroom, a comparable level to new development in other parts of Houston. Mr. Borders, too, said he likely wouldn't have broken ground without the tax breaks. “We’re very bullish,” said Mr. Borders, who is planning a second tower across the street. Edited December 31, 2014 by DrLan34 6 Link to comment Share on other sites More sharing options...
DrLan34 Posted January 3, 2015 Share Posted January 3, 2015 (edited) Currently estimated to break ground on January 4th, 2015. I think my source was wrong on the date since the lot is still easily accessible. As of January 3rd, 2015, the only change I noticed was this "Reserved Parking" sign at one of the lot entrances. Edited January 3, 2015 by DrLan34 3 Link to comment Share on other sites More sharing options...
Popular Post Alec Posted January 28, 2015 Popular Post Share Posted January 28, 2015 A trailer stacked with construction fencing was parked in the middle of this site this morning. 18 Link to comment Share on other sites More sharing options...
Moore713 Posted January 29, 2015 Share Posted January 29, 2015 Green fence is up, truck with fences still there and no cars on the lot this afternoon. .skyhouse move in silence and just starts 6 Link to comment Share on other sites More sharing options...
cloud713 Posted January 29, 2015 Share Posted January 29, 2015 I know people are starting to dislike SkyHouses (I still want to see that 3rd SkyHouse design built elsewhere in the metro), but it's pretty nice to see how bullish Novare has been on Houston. Even amidst falling oil prices. Back to back to back SkyHouses... I wonder if they are using the same crane for all 3 and just moving it from site to site? I would assume they are using the same construction crew. 3 Link to comment Share on other sites More sharing options...
ANTHONYHTOWN Posted January 29, 2015 Share Posted January 29, 2015 You gotta love their approach and maybe they believe in Houston's economy in many different sectors not just oil. 3 Link to comment Share on other sites More sharing options...
monarch Posted January 29, 2015 Share Posted January 29, 2015 this company doesn't seem to play the usual construction games! they don't seem to venture through the normal red tape measures that other development company's get caught up in. could this be the product of magnificent management or what..... 2 Link to comment Share on other sites More sharing options...
cloud713 Posted January 29, 2015 Share Posted January 29, 2015 Well let's be honest. There's $15,000 times like 323 units or so.. That's a lot of money to be left sitting on the table. If they don't build this, they don't get the incentives. If they had built both downtown towers first and the River Oaks tower was supposed to come 3rd I wonder wether they would of still moved forward.. 2 Link to comment Share on other sites More sharing options...
fkp5 Posted January 29, 2015 Share Posted January 29, 2015 $15,000 per unit is a lot to leave on the table. It kind of makes you wonder why more of the developers didnt start building their projects sooner. I think I remember seeing on here earlier that they have to finish construction within 4 years of being approved for the incentive to receive the money, so some of these delayed projects might not make it in time. 2 Link to comment Share on other sites More sharing options...
arche_757 Posted January 29, 2015 Share Posted January 29, 2015 Driving around town today for a few projects.... This would have been interesting over close to the old commercial area of the Heights (not on anything historic, but perhaps in place of some CVS or run-down Krogers). Every time I go to that area I'm always surprised there are several residential highrises (and a hospital) over there. You never see them unless your in the Heights. 1 Link to comment Share on other sites More sharing options...
Howard Huge Posted January 29, 2015 Share Posted January 29, 2015 YES!TAKE NOTES OTHER DEVELOPERS, TAKE NOTES! 3 Link to comment Share on other sites More sharing options...
Moore713 Posted January 30, 2015 Share Posted January 30, 2015 A small truck with a crane on property and another truck with a bed of steel beams parked on the lot..I'm no expert but I think skyhouse three is official a go 8 Link to comment Share on other sites More sharing options...
bobruss Posted January 30, 2015 Share Posted January 30, 2015 Quite a number of construction/crane erector workers on site.at 2:00 1 Link to comment Share on other sites More sharing options...
JoninATX Posted January 30, 2015 Share Posted January 30, 2015 Pictures! 2 Link to comment Share on other sites More sharing options...
Popular Post Howard Huge Posted January 30, 2015 Popular Post Share Posted January 30, 2015 The Novare Group. We don't **** around. Novare came to town to chew bubblegum and build Skyhouses..... .....and they're fresh out of bubblegum. 19 Link to comment Share on other sites More sharing options...
H-Town Man Posted January 31, 2015 Share Posted January 31, 2015 (edited) Skyhouse don't care. Skyhouse don't give a $hit. Edited January 31, 2015 by H-Town Man 4 Link to comment Share on other sites More sharing options...
cloud713 Posted January 31, 2015 Share Posted January 31, 2015 (edited) Lmfao Howard.I think we drove by the site at similar times yetsterday. That homeless guy was sitting on that very bench, hunched over JUST like that. Man we need to figure out something to do with the homeless besides just ignoring them and/or pushing them further down the street (sorry, not trying to side track this thread)Edit. And since we all always seem to be scoping out sites at similar times unknowingly (Triton has definitely hit up a few of the same sites as me around the same time of day) we should organize some type of meet up if we're planning to be in a certain area (preferably with lots of construction to drool over). I believe there was a thread about meet and greets somewhere Edited January 31, 2015 by cloud713 1 Link to comment Share on other sites More sharing options...
DrLan34 Posted January 31, 2015 Share Posted January 31, 2015 Man, it was really badass cruising by the site and seeing them drill. Boss move while others are pulling back. Photo from an hour ago... 7 Link to comment Share on other sites More sharing options...
UtterlyUrban Posted January 31, 2015 Share Posted January 31, 2015 (edited) So, Navarre will build 3 highrise resi buildings.... Two towers right next to each other within maybe.... 3.5 years..... All the while the midtown superblock stays as a decade-long conceptual rendering (but is now slated to start soon) and Camden Conte flattens a building to become a parking lot instead of twin highrises.?Clearly there are two very different corporate cultures at play here. Edited January 31, 2015 by UtterlyUrban 2 Link to comment Share on other sites More sharing options...
hindesky Posted January 31, 2015 Share Posted January 31, 2015 9 Link to comment Share on other sites More sharing options...
Moore713 Posted January 31, 2015 Share Posted January 31, 2015 It a damn shame when outsiders have more faith in Houston than a Houston bases company 3 Link to comment Share on other sites More sharing options...
JoninATX Posted January 31, 2015 Share Posted January 31, 2015 It's not only the tower that's getting built, we are adding retail as well as jobs once completed. Link to comment Share on other sites More sharing options...
Nole23 Posted January 31, 2015 Share Posted January 31, 2015 Have any of the retail spots in the first skyhouse been leased out yet? Haven't been by it in a while. Link to comment Share on other sites More sharing options...
hindesky Posted January 31, 2015 Share Posted January 31, 2015 Have any of the retail spots in the first skyhouse been leased out yet? Haven't been by it in a while.No Link to comment Share on other sites More sharing options...
brijonmang Posted January 31, 2015 Share Posted January 31, 2015 Nice shots Hindesky! Looks like you and I had the same idea today. 1 Link to comment Share on other sites More sharing options...
hindesky Posted February 1, 2015 Share Posted February 1, 2015 Nice shots Hindesky! Looks like you and I had the same idea today.Being a bicycle enthusiast, the weekend is the best and easiest way to work my way around the various construction sites in downtown, Midtown, Montrose and other sites inside the loop to take pictures. 2 Link to comment Share on other sites More sharing options...
H-TownChris2 Posted February 1, 2015 Share Posted February 1, 2015 1.31.15 by H-TownChris, on Flickr 6 Link to comment Share on other sites More sharing options...
Chi-Char-Hou-Dal Posted February 2, 2015 Share Posted February 2, 2015 Thoughts on the empty gfr? Hope it fills up Link to comment Share on other sites More sharing options...
cloud713 Posted February 2, 2015 Share Posted February 2, 2015 I wonder who they are trying to market into the GFR? Who is marketing it? Link to comment Share on other sites More sharing options...
Howard Huge Posted February 2, 2015 Share Posted February 2, 2015 I wonder who they are trying to market into the GFR? Who is marketing it?Wulfe I believe.Wulfe knows what they're doing, Im sure they will land a solid long term lease soon, not some fly by night retailer looking to "see if this works". Link to comment Share on other sites More sharing options...
Triton Posted February 2, 2015 Share Posted February 2, 2015 May take some time to fill those up. Retail follows residential growth. More inclined to think we'll see something there once Block 334 opens. 1 Link to comment Share on other sites More sharing options...
Howard Huge Posted February 2, 2015 Share Posted February 2, 2015 May take some time to fill those up. Retail follows residential growth. More inclined to think we'll see something there once Block 334 opens.Meaning in the year 2025? 3 Link to comment Share on other sites More sharing options...
H-Town Man Posted February 2, 2015 Share Posted February 2, 2015 Thoughts on the empty gfr? Hope it fills up Troll attempt. I'm sure if there's not GFR now with buildings still under construction or in lease-up, it means there never will be right? Link to comment Share on other sites More sharing options...
Moore713 Posted February 2, 2015 Share Posted February 2, 2015 As far as the gfr goes..I think they want something big, but market my force them to go smaller..Corner store, mom and pop bakery, somebody yoga studio, etc Link to comment Share on other sites More sharing options...
UtterlyUrban Posted February 2, 2015 Share Posted February 2, 2015 May take some time to fill those up. Retail follows residential growth. More inclined to think we'll see something there once Block 334 opens.There is a terrific space at the corner of Lamar and la Branch. It is in one park place. It has hundreds of residences above it and tens of thousands who walk by it weekly. Yet, in 5 years, I don't think it has ever leased and I am at a loss as to why. Link to comment Share on other sites More sharing options...
cloud713 Posted February 2, 2015 Share Posted February 2, 2015 Yeah. I'm more concerned with the GFR in downtown than wether the residences will fill up. As someone said recently.. GFR is generally a money loser, and merely added as an "amenity" for the residents. They're likely going to have to not shoot for big time national retailers and settle for more local stores. Unless they go with restaurants.. I think restaurants will be a big filler in all the incoming GFR. I see the national retailers going for more of the GreenStreet/planned retail district scene. Link to comment Share on other sites More sharing options...
htownproud Posted February 2, 2015 Share Posted February 2, 2015 Once a few more residential buildings are completed in the area, a coffee shop, sandwich shop/convenience store, or dry cleaner would work well. Link to comment Share on other sites More sharing options...
HoustonIsHome Posted February 3, 2015 Share Posted February 3, 2015 Isn't the gfr in Skyhouse in the garage and not fronting main? That area isn't yet big on pedestrian activity. Bell station is one of the least used stations and DR transit station users usually never head north to that area. I would think that once a bigger residential population develops there will be more of a market for retail but for now Skyhouse rarely has anyone foot traffic around it Link to comment Share on other sites More sharing options...
DrLan34 Posted February 9, 2015 Share Posted February 9, 2015 Photo from this morning. 6 Link to comment Share on other sites More sharing options...
toxtethogrady Posted February 9, 2015 Share Posted February 9, 2015 It a damn shame when outsiders have more faith in Houston than a Houston bases companyI think it's the banks that are not showing faith. Had there been a national-scale bank in Houston, the money might have been there (of course that's why there are no national-scale banks in Houston anymore). Link to comment Share on other sites More sharing options...
Purdueenginerd Posted February 9, 2015 Share Posted February 9, 2015 They have a webcam for this project like they did for the first one? Link to comment Share on other sites More sharing options...
Sunstar Posted February 9, 2015 Share Posted February 9, 2015 They have a webcam for this project like they did for the first one? They still have the old one up, but it stopped showing live images since 7-2-14. http://oxblue.com/open/SkyHouseApartments Seems like they just need to turn it back. As you can see, Block 334 has added a whole floor since then!!! 2 Link to comment Share on other sites More sharing options...
nativehoustonion Posted February 9, 2015 Share Posted February 9, 2015 I wonder how leased tower 1 is. Since they are building another one next to it. I only saw two yelp reviews. Link to comment Share on other sites More sharing options...
Urbannizer Posted February 12, 2015 Share Posted February 12, 2015 Official groundbreaking announcement: http://www.bizjournals.com/houston/news/2015/02/11/another-skyhouse-apartment-tower-breaks-ground.html 6 Link to comment Share on other sites More sharing options...
UtterlyUrban Posted February 12, 2015 Share Posted February 12, 2015 I wonder how leased tower 1 is. Since they are building another one next to it. I only saw two yelp reviews.Several months a go I read somewhere that it was something like 45% leased and that number was well ahead of predictions. If that trend has continued, they may be upwards of 65% now. I also seem to recal that a building in the 85% range is considered "fully leased" and anything above that is just icing on the cake. At one a year or so ago, One Park Place was reported in the news to be 94% leased (if I recall correctly). 5 Link to comment Share on other sites More sharing options...
bachanon Posted February 13, 2015 Share Posted February 13, 2015 i apologize if this is common knowledge, but have we reached capacity for the per unit incentives for downtown? i'm curious if the business plan for this next tower benefits from the incentives. Link to comment Share on other sites More sharing options...
UtterlyUrban Posted February 13, 2015 Share Posted February 13, 2015 i apologize if this is common knowledge, but have we reached capacity for the per unit incentives for downtown? i'm curious if the business plan for this next tower benefits from the incentives.I am uncertain if we have reached the cap. But I am fairly certain that Novarre received DLI incentives for this project. Link to comment Share on other sites More sharing options...
toxtethogrady Posted February 17, 2015 Share Posted February 17, 2015 I also seem to recal that a building in the 85% range is considered "fully leased" and anything above that is just icing on the cake. At one a year or so ago, One Park Place was reported in the news to be 94% leased (if I recall correctly). If that's correct, the entire metro is "fully leased". But then, that's like saying 5% unemployment is "fully employment." Link to comment Share on other sites More sharing options...
Popular Post kbates2 Posted March 2, 2015 Popular Post Share Posted March 2, 2015 Boom, construction cam. http://oxblue.com/open/SkyHouseApartments 11 Link to comment Share on other sites More sharing options...
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