Montrose1100 Posted July 22, 2014 Share Posted July 22, 2014 Our Warehouse District is pretty small. I don't know if the area north of I-10 (Hardy Yards), was ever considered to be apart of it, but they had a really cool warehouse that was torn down a few years ago. I don't have the photo anymore with the full warehouse, got this off of my Facebook and cropped out my friend. Link to comment Share on other sites More sharing options...
august948 Posted July 22, 2014 Share Posted July 22, 2014 Which "boom" would that be? If its the 1970s-1980s then this boom is a shell of that one... but if you're talking about the smaller booms of the 90s and early 2000s then this is a much bigger boom. That's just my observation. I'm talking the big one. The one that ended in the early 80's. I've heard tales of all the stuff going on in Houston at the time. Given world-wide demand and how fracking is still ramping up I wonder if this one will exceed that one in terms of longevity and development. Link to comment Share on other sites More sharing options...
cloud713 Posted July 22, 2014 Author Share Posted July 22, 2014 Yeah I agree. I've only lived in the Houston area since '89 but id say this one is without a doubt the biggest since the early 80s boom.Edit: just saw the second page. This one may last about as long as the boom in the late 70s-early 80s, but I think were too conservative now to put up the amount of development that went up in that boom. I've hear like half of the downtown towers were built in that boom. Don't know how much truth there is to that.. There were multiple supertall proposals though back then if I'm not mistaken. Link to comment Share on other sites More sharing options...
samagon Posted July 22, 2014 Share Posted July 22, 2014 current building numbers aren't even close to what it was in the late 70s and early 80s. in sheer numbers, or in percentage over current. There's a website out there that has those numbers in SF. as far as our warehouse district, it's always been a hip little area, but it's just so small. there isn't a lot of room for it to grow at all. There also isn't room for it to go from a hip location to an upscale type thing, not so long as the jail is right across the street. Link to comment Share on other sites More sharing options...
H-Town Man Posted July 22, 2014 Share Posted July 22, 2014 Sorry, used the wrong tense. I didn't realize though that it was any sort of recognized "district". I think it also may suffer from relatively restricted access, which may make it tough to develop as any sort of entertainment focused neighborhood. It's not really bad as it is, tucked away off the bayou.You used the right tense, and the right voice - subjunctive. Link to comment Share on other sites More sharing options...
H-Town Man Posted July 22, 2014 Share Posted July 22, 2014 current building numbers aren't even close to what it was in the late 70s and early 80s. in sheer numbers, or in percentage over current. There's a website out there that has those numbers in SF..This. That boom lasted from 1973, when OPEC began its first embargo following the Yom Kippur war, until 1981, when OPEC's second embargo ended and prices began to plummet. It carried over a bit as it took years to register that it was a permanent drop. In 1973, the tallest buildings downtown were One Shell, Humble, and Tenneco, unless I'm forgetting one. The last boom era building was Texaco Heritage, completed in 1987. Link to comment Share on other sites More sharing options...
Texasota Posted July 22, 2014 Share Posted July 22, 2014 But that's just office towers. *This* boom is much broader-based. Link to comment Share on other sites More sharing options...
H-Town Man Posted July 22, 2014 Share Posted July 22, 2014 But that's just office towers. *This* boom is much broader-based.It wasn't just office towers. Link to comment Share on other sites More sharing options...
Texasota Posted July 22, 2014 Share Posted July 22, 2014 Ah i misread; you were listing the tallest buildings downtown that were there before the boom. Nevertheless I would be curious to see what the overall makeup of that boom was. It was mostly before I was born, so I didn't experience it. I would think there was also a lot of demolition downtown during that time as well, unless most of that was done in the 50s and 60s. Link to comment Share on other sites More sharing options...
Subdude Posted July 22, 2014 Share Posted July 22, 2014 You used the right tense, and the right voice - subjunctive. Deep respect to anyone who recognizes the subjunctive voice. Anyway, this boom seems a lot more focused on multifamily residential. Back in the 1970s there was a ton of money floating around and getting invested in spec real estate. What killed a lot of projects in the 1980s wasn't just the collapse in oil prices, it was also that the S&L crisis evaporated a lot of the money that might have gone into funding all of those proposed supertalls. After 2008, and with new rules requiring banks to hold more capital, I think money is still tight for spec projects. The business cases have to be rock solid now, which wasn't necessarily always the case. Link to comment Share on other sites More sharing options...
bobruss Posted July 22, 2014 Share Posted July 22, 2014 Go to Houston skyscraper page and go to timeline. Its amazing what was built between 81 and 87. Link to comment Share on other sites More sharing options...
Montrose1100 Posted July 22, 2014 Share Posted July 22, 2014 Deep respect to anyone who recognizes the subjunctive voice.Well you may be right if the Bayou & Hardy master plans bloom into their full potential. Link to comment Share on other sites More sharing options...
H-Town Man Posted July 22, 2014 Share Posted July 22, 2014 Nevertheless I would be curious to see what the overall makeup of that boom was. It was mostly before I was born, so I didn't experience it. I would think there was also a lot of demolition downtown during that time as well, unless most of that was done in the 50s and 60s.Massive increase in the metro pop. percentage-wise, affecting all sectors of the economy. Huge outward expansion of the suburbs - almost nothing beyond beltway 8 existed before it.There was demolition downtown, though just continuing a long process and only taking a few singular landmarks. The historic district was largely spared. Link to comment Share on other sites More sharing options...
Houston19514 Posted July 22, 2014 Share Posted July 22, 2014 When looking over that timeline, it's pretty clear that boom really started well before 1973... 3 highrises were built downtown in 1971 (by which I think they mean completed in 1971). 5 more in 1972. 1971One Shell Plaza801 St. JosephTotal Plaza19721111 Fannin600 JeffersonTwo Shell PlazaHyatt RegencyOne Allen Center1973KBR Tower1974Two Houston CenterCenterpoint Energy Plaza1976Pennzoil PlazaPennzoil Plaza1978Two Allen CenterLyondellBassell Tower1980Three Allen CenterEnterprise Plaza1981First City Tower1982Binz BuildingFulbright Tower600 Travis1983Four Houston CenterWedge International Building1400 SmithBank of America CenterWells Fargo Plaza1984Lyric Center1301 Fannin1600 Smith Link to comment Share on other sites More sharing options...
mollusk Posted July 22, 2014 Share Posted July 22, 2014 It has always cracked me up that Two Houston was built before One Houston (now LyondellBasell), and that it's on a corner of the project while One isn't. Link to comment Share on other sites More sharing options...
Houston19514 Posted July 22, 2014 Share Posted July 22, 2014 When looking over that timeline, it's pretty clear that boom really started well before 1973... 3 highrises were built downtown in 1971 (by which I think they mean completed in 1971). 5 more in 1972. 1971One Shell Plaza801 St. JosephTotal Plaza19721111 Fannin600 JeffersonTwo Shell PlazaHyatt RegencyOne Allen Center1973KBR Tower1974Two Houston CenterCenterpoint Energy Plaza1976Pennzoil PlazaPennzoil Plaza1978Two Allen CenterLyondellBassell Tower1980Three Allen CenterEnterprise Plaza1981First City Tower1982Binz BuildingFulbright Tower600 Travis1983Four Houston CenterWedge International Building1400 SmithBank of America CenterWells Fargo Plaza1984Lyric Center1301 Fannin1600 Smith Let's do a comparison/forecast to/for the current boom (new-build high rises in italics) I did not include Capitol Tower, International Tower, or 5 Allen Center . . . 2016 is going to amazing: 2014SkyHouseSavoy rebuild/Holiday InnCarter Bldg rebuild/JW Marriott20151111 Travis500 Crawford (not a tower, but still part of the boom)Block 334 (Alliance; again, not a tower)Texaco Building rebuild2016609 Main @ TexasMarriott MarquisHines Market Square6 Houston Center ?Marquette PlaceHampton Inn/Homewood SuitesHilton Garden InnHotel AllesandraLeon Capital 5 storyOrion 8 storyNau CenterGRB North Garage/Office/RetailHSPVA20171600 LouisianaOne Market Square?Block 98Market Square TowerCamden 21 story Trammel Crow 6 story Link to comment Share on other sites More sharing options...
H-Town Man Posted July 22, 2014 Share Posted July 22, 2014 When looking over that timeline, it's pretty clear that boom really started well before 1973... 3 highrises were built downtown in 1971 (by which I think they mean completed in 1971). 5 more in 1972. Houston office construction was ramping up before 1973 due to ongoing consolidation of the domestic oil industry here, but the 70's-80's "oil boom" did not begin until the embargo of 1973: Link to comment Share on other sites More sharing options...
august948 Posted July 22, 2014 Share Posted July 22, 2014 Houston office construction was ramping up before 1973 due to ongoing consolidation of the domestic oil industry here, but the 70's-80's "oil boom" did not begin until the embargo of 1973: It's interesting (to me anyway) that the real price of oil declined slightly during WW2. Since oil, or lack thereof, was a major economic factor during the war and considering the massive disruptions caused by global conflict I'm surprised the price didn't rise. Was that due to price controls, perhaps? Or was the market not international enough for US prices to follow world prices? Link to comment Share on other sites More sharing options...
H-Town Man Posted July 22, 2014 Share Posted July 22, 2014 It's interesting (to me anyway) that the real price of oil declined slightly during WW2. Since oil, or lack thereof, was a major economic factor during the war and considering the massive disruptions caused by global conflict I'm surprised the price didn't rise. Was that due to price controls, perhaps? Or was the market not international enough for US prices to follow world prices? Good question. I'm sure there were price controls and rationing - I know they even limited how many tires you could buy in one year. They built the Big Inch and Little Inch pipelines during the war, so there was a big increase in supply, but I'm sure every drop was used. Probably a lot of asterisks next to figures from that era. Link to comment Share on other sites More sharing options...
UtterlyUrban Posted July 22, 2014 Share Posted July 22, 2014 Houston:Boom, buuuuuuuuuust, boom, buuuuuuuuuust, boooooooom, buuuuuuuuust........It is only a question of time before the bust comes. That is a certainty.The only uncertainty is "will it be mild, tough, or brutal" Link to comment Share on other sites More sharing options...
Houston19514 Posted July 23, 2014 Share Posted July 23, 2014 Houston office construction was ramping up before 1973 due to ongoing consolidation of the domestic oil industry here, but the 70's-80's "oil boom" did not begin until the embargo of 1973: Oh. I thought we were talking about the construction boom. Link to comment Share on other sites More sharing options...
Nate99 Posted July 23, 2014 Share Posted July 23, 2014 It's interesting (to me anyway) that the real price of oil declined slightly during WW2. Since oil, or lack thereof, was a major economic factor during the war and considering the massive disruptions caused by global conflict I'm surprised the price didn't rise. Was that due to price controls, perhaps? Or was the market not international enough for US prices to follow world prices? Good question. I'm sure there were price controls and rationing - I know they even limited how many tires you could buy in one year. They built the Big Inch and Little Inch pipelines during the war, so there was a big increase in supply, but I'm sure every drop was used. Probably a lot of asterisks next to figures from that era. A big part of Japan's expansionism was to get to sources of oil in the East Indies and our embargo of them basically provoked Pearl Harbor as much as any single event. They were a big purchaser of US crude at the time, so switching what was previously their consumption to wartime needs along with domestic rationing really upended what any normal market dynamic would have produced. The price of oil was more or less centrally controlled at the time, and I'd like to know more about how it was handled, but the short answer is that the Allies ended up controlling what they needed, the Axis powers did not. Also, what is left of the market is going to do very strange things when a good portion of the shipping lanes, production fields and refining centers of the industrialized world are in active war zones. Link to comment Share on other sites More sharing options...
Ross Posted July 23, 2014 Share Posted July 23, 2014 Gasoline was rationed during WWII. Cars were given an allocation based on what they were used for, with the majority limited to 4 gallons a week, the A ration. B rations were 8 gallons a week. The big issue was tires, which were simply unavailable for most drivers. Link to comment Share on other sites More sharing options...
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