cloud713 Posted December 3, 2015 Share Posted December 3, 2015 does anyone have a copy of the Planning Commission document showing the elevations, etc of the 39 story tower? Lockmats link isn't working. I wonder if the commission has received any more info/an update? Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted December 3, 2015 Share Posted December 3, 2015 More new construction is delivering that is very little pre-leased or even 0% pre-leased and more subleases flood the market every week. It will ramp back up eventually, but right now some folks are really hurting. Is there really that much office construction being delivered with 0% pre-leased, or even very little pre-leased? Serious question. Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted January 18, 2016 Share Posted January 18, 2016 http://www.bizjournals.com/houston/print-edition/2016/01/15/to-build-or-not-to-build-multifamily-developers.html The article is behind a paywall, but an illustration on the map from the link indicates Hanover is closing on the land for this development next month.  I suppose they could always hold it for a little while while fears about the Houston market shake out as new inventory is delivered in multifamily this year. 3 Quote Link to comment Share on other sites More sharing options...
sdotwill84 Posted January 19, 2016 Share Posted January 19, 2016 Wouldn't starting construction in a "relatively cheaper" environment be advantageous to builders? Why build when everybody is building? This way you are first to market when the local economy has rebounded a few years, no? Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted January 19, 2016 Share Posted January 19, 2016 Wouldn't starting construction in a "relatively cheaper" environment be advantageous to builders? Why build when everybody is building? This way you are first to market when the local economy has rebounded a few years, no?In theory, that would be sensible. However, the pall of the 1980's hangs over a lot of development decisions. Hanover's Montrose tower is topping out and should have units online soon. If Hanover can demonstrate relatively robust demand for that project, some of the concerns of lenders regarding overbuilding might be assuaged and construction financing might get freed up for this one. 1 Quote Link to comment Share on other sites More sharing options...
Subdude Posted January 19, 2016 Share Posted January 19, 2016 Economic slowdown or not, to me this seems like it ought to be a no-brainer.  Based on the theory that the rich will always be with us, that has to be one of the most recession-proof development locations in the city.  4 Quote Link to comment Share on other sites More sharing options...
nativehoustonion Posted January 19, 2016 Share Posted January 19, 2016 That is why Kirby Thor Equities will be starting to rise. The New York firm were they received financing know how many people live within 15 miles. Which is a lot of money per capita.      1 Quote Link to comment Share on other sites More sharing options...
TexasGeneral Posted January 20, 2016 Share Posted January 20, 2016 That is why Kirby Thor Equities will be starting to rise. The New York firm were they received financing know how many people live within 15 miles. Which is a lot of money per capita.       The capital markets are closed for Houston multi-family development.  There is zero appetite in today's environment.  Banks are terrified of all things energy right now, including Houston.  It took forever for Thor to get construction financing, and they got it from Bank of the Ozarks which has a reputation for extremely lax lending practices. 2 Quote Link to comment Share on other sites More sharing options...
CREguy13 Posted January 20, 2016 Share Posted January 20, 2016 Wouldn't starting construction in a "relatively cheaper" environment be advantageous to builders? Why build when everybody is building? This way you are first to market when the local economy has rebounded a few years, no?Construction costs really have not fallen as much as one might think, and the equity has pretty much all dried up for Houston MF at this point. Â I would be very surprised if Hanover was able to secure an equity provider, this definitely seems like a hold to me. Â Anything energy-related is a no no right now. Â We had a meeting at our office the other week and we talked about a developer who was recently trying to get financing for a larger-scale project. Â He did a control 'F' and deleted the word "Energy" throughout his entire proposal. 2 Quote Link to comment Share on other sites More sharing options...
cspwal Posted January 20, 2016 Share Posted January 20, 2016 Construction costs really have not fallen as much as one might think, and the equity has pretty much all dried up for Houston MF at this point.  I would be very surprised if Hanover was able to secure an equity provider, this definitely seems like a hold to me.  Anything energy-related is a no no right now.  We had a meeting at our office the other week and we talked about a developer who was recently trying to get financing for a larger-scale project.  He did a control 'F' and deleted the word "Energy" throughout his entire proposal. Did he talk about how -efficient the building was, with low  costs? Quote Link to comment Share on other sites More sharing options...
Avossos Posted February 8, 2016 Share Posted February 8, 2016 So... I have heard some news about financing. Anyone else hear the same thing? CBREguy713 / Urbanizer? It is still 39 stories, correct? Quote Link to comment Share on other sites More sharing options...
LarryDierker Posted February 8, 2016 Share Posted February 8, 2016 So... I have heard some news about financing. Anyone else hear the same thing? CBREguy713 / Urbanizer? It is still 39 stories, correct? good news? Quote Link to comment Share on other sites More sharing options...
Popular Post Dakota79 Posted February 19, 2016 Popular Post Share Posted February 19, 2016 (edited) My source (very accurate) says the funding is absolutely in and this is on. Groundbreaking this year. Edited February 19, 2016 by Dakota79 15 Quote Link to comment Share on other sites More sharing options...
wxman Posted February 19, 2016 Share Posted February 19, 2016 Looks like somebody changed title of this thread to 30 stories instead of 39. Has this tower been reduced in the number of floors originally proposed? 1 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted February 19, 2016 Share Posted February 19, 2016 I don't think so. The titles been at 30 for a while, maybe even since the beginning? When it was first announced HBJ or someone estimated it as a "30 story building", but it's clearly taller. Quote Link to comment Share on other sites More sharing options...
H-TownChris2 Posted February 19, 2016 Share Posted February 19, 2016 I usually saw 39 floors, but recently changed to 30 in the last few months. Quote Link to comment Share on other sites More sharing options...
Avossos Posted February 19, 2016 Share Posted February 19, 2016 My source (very accurate) says the funding is absolutely in and this is on. Groundbreaking this year.My source too!I usually saw 39 floors, but recently changed to 30 in the last few months.30 stories on a 9 story garage y'all. Change back to 39 7 Quote Link to comment Share on other sites More sharing options...
nativehoustonion Posted February 19, 2016 Share Posted February 19, 2016 I saw a tractor getting ready to tear down the buildings on West Alabama and Kirby. 6 Quote Link to comment Share on other sites More sharing options...
Timoric Posted February 19, 2016 Share Posted February 19, 2016 (edited) - Â Â Â Â Â Edited July 10, 2019 by Timoric Delete pic to save space 1 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted February 19, 2016 Share Posted February 19, 2016 My source too!30 stories on a 9 story garage y'all. Change back to 39Â Done. Good to hear there hasn't been a cut in the total number of floors. The HBJ was throwing around 30 stories. 2 Quote Link to comment Share on other sites More sharing options...
swtsig Posted March 29, 2016 Share Posted March 29, 2016 On 2/18/2016 at 10:23 PM, Dakota79 said: My source (very accurate) says the funding is absolutely in and this is on. Groundbreaking this year. heard similarly with one caveat - debt has not been secured yet. Quote Link to comment Share on other sites More sharing options...
Avossos Posted March 29, 2016 Share Posted March 29, 2016 16 minutes ago, swtsig said: heard similarly with one caveat - debt has not been secured yet. Yep. Heard this one has been back and forth. Quote Link to comment Share on other sites More sharing options...
nativehoustonion Posted March 29, 2016 Share Posted March 29, 2016 They just installed port of potties on the property. Some activity will happen soon. 4 Quote Link to comment Share on other sites More sharing options...
monarch Posted March 30, 2016 Share Posted March 30, 2016 ^^^ surely it's happening now.... right? 2 Quote Link to comment Share on other sites More sharing options...
Yoda Posted March 30, 2016 Share Posted March 30, 2016 The porta potty's, which had been there for a while, at least the past few weeks, are now gone.  Quote Link to comment Share on other sites More sharing options...
brijonmang Posted March 30, 2016 Share Posted March 30, 2016 My brother recently started working for a contractor that designs/constructs a lot of the 'guts' (internal workings) of multi-family projects around the country (many of which here in town) and this is one that they are on (also Aris Market Square and Skyhouse to name a few). Â I'll try to pass along info on this one (and others) as it comes to me. 6 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted March 30, 2016 Share Posted March 30, 2016 52 minutes ago, brijonmang said: My brother recently started working for a contractor that designs/constructs a lot of the 'guts' (internal workings) of multi-family projects around the country (many of which here in town) and this is one that they are on (also Aris Market Square and Skyhouse to name a few). Â I'll try to pass along info on this one (and others) as it comes to me. Mods, Delete this post so that the info can remain Anonymous (and thus continue to flow). Brij, STFU dude! 2 Quote Link to comment Share on other sites More sharing options...
Yoda Posted March 31, 2016 Share Posted March 31, 2016 Drove by again this morning. The porta potty's are still gone, however there were two guys in orange safety vests doing what appeared to be surveying. Quote Link to comment Share on other sites More sharing options...
jmitch94 Posted March 31, 2016 Share Posted March 31, 2016 17 minutes ago, Yoda said: Drove by again this morning. The porta potty's are still gone, however there were two guys in orange safety vests doing what appeared to be surveying.  Promising news this is. 1 Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted March 31, 2016 Share Posted March 31, 2016 4 minutes ago, jmitch94 said:  Promising news this is. Disappointment this forum cannot handle.  The path to the Dark Side, that is. Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted May 16, 2016 Popular Post Share Posted May 16, 2016 July 2016 Start Date - Dec. 2018 Completion according to a recent construction timeline for their new developments. Â 11 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted August 31, 2016 Share Posted August 31, 2016 (edited) Plat was signed and filed to the County Clerks Office yesterday. I'll post it here whenever they upload the pdf. Now that the plat is signed, civil plans can go to the city/county (not sure if county is necessary or not) and after those are signed, construction should begin soon after. In fact, I'm pretty sure, for a project like this, city plans have been signed, or will be signed within the next couple of days.  Wouldnt be be surprised to see this start to go up in the next couple of weeks.  Note: obviously Civil/Structural plans aren't the only thing involved, but they're usually the first step in the complicated process of building a High Rise. Edited August 31, 2016 by BigFootsSocks 9 Quote Link to comment Share on other sites More sharing options...
nativehoustonion Posted August 31, 2016 Share Posted August 31, 2016 I was wondering when this project will get started.  I live on the other side of Steel St.  Now you can see Thor Equities rising with this project is it still 39 floors?  Hopefully more retail I just walk everywhere to eat, shop no sense of driving.  Meow! 2 Quote Link to comment Share on other sites More sharing options...
Triton Posted December 5, 2016 Share Posted December 5, 2016 Quote But on Nov. 17 — about two-and-a-half years since the deal was initially set to close— Hanover finally purchased a nearly 1.7-acre site off Kirby Drive near Kipling Street, near the West Ave mixed-use project. The longtime developer plans to build a 40-story, 300-plus-unit apartment tower and a standalone restaurant on the property, where the 1940s-era Kirby Court apartments used to stand. Hanover hopes to start construction on the $150 million project, designed by Chicago-based architecture firm Solomon Cordwell Buenz, within the next 12 months.  http://www.bizjournals.com/houston/news/2016/12/05/exclusive-houston-developer-finally-closes-on.html?ana=RSS%26s=article_search  9 Quote Link to comment Share on other sites More sharing options...
swtsig Posted December 5, 2016 Share Posted December 5, 2016 interesting that there's another as of yet unannounced development poised for Steele St. 5 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted December 5, 2016 Share Posted December 5, 2016 42 minutes ago, swtsig said: interesting that there's another as of yet unannounced development poised for Steele St. Is that what the article refers to as "near the West Ave mixed-use project"? Are they referring to a Hanover project or some other developers mixed use project? Quote Link to comment Share on other sites More sharing options...
Triton Posted December 5, 2016 Share Posted December 5, 2016 56 minutes ago, BigFootsSocks said: Is that what the article refers to as "near the West Ave mixed-use project"? Are they referring to a Hanover project or some other developers mixed use project? No, West Ave currently exists. Â 5 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted December 5, 2016 Share Posted December 5, 2016 Oh ok so that was just a usual swtsig tease then? Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted December 5, 2016 Share Posted December 5, 2016 (edited) 17 minutes ago, BigFootsSocks said: Oh ok so that was just a usual swtsig tease then?  No, I'm pretty sure it was just a matter of swtsig having read the linked article, which includes: "Another developer, yet to be announced, is planning a large mixed-use project across Steel Street from Hanover and Stolz’s projects." Edited December 5, 2016 by Houston19514 6 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted December 5, 2016 Share Posted December 5, 2016 Well I didn't read the article and expect everything to be spoon fed to me so thank you. 3 Quote Link to comment Share on other sites More sharing options...
'Stonian Posted December 6, 2016 Share Posted December 6, 2016 Just so happen to see the construction fence FINALLY go up around this site today. Hopefully it gets started real soon. 1 Quote Link to comment Share on other sites More sharing options...
rechlin Posted December 6, 2016 Share Posted December 6, 2016 Is the other Steel Street project the Giorgetti?  Perhaps some updates in this recent article:  Quote Giorgetti Houston. This 32-unit, seven-story mid-rise may be the most stylish building of all, thanks to its unique partnership with the venerable Italian furniture maker that shares its name. The first floor will be decked out with Giorgetti furniture, and the company’s handcrafted kitchen and bathroom cabinets and custom closets will finish out each unit. The setting among the oak trees of Upper Kirby on Steel Street adds another graceful note.  http://www.papercitymag.com/interiors/houston-next-great-buildings-high-rises-seven-projects-tilman-fertitta-post-oak/ 1 Quote Link to comment Share on other sites More sharing options...
bobruss Posted December 6, 2016 Share Posted December 6, 2016 Yes Rechlin, it is and I think thats what the fence is for.  1 Quote Link to comment Share on other sites More sharing options...
'Stonian Posted December 6, 2016 Share Posted December 6, 2016 I live across the street from Steele. The Giorgetti fence has been up for a couple months.  The new fence that went up yesterday that I'm referring to is specifically around this Hanover site. The site has been an eyesore since they demolished those apartments more than a year ago.  Even if they're not ready to start the apartment building itself, it looks like they are readying for site prep. There are some old foundations from recently demolished buildings on the Kipling side that need to be dug up.  3 Quote Link to comment Share on other sites More sharing options...
bobruss Posted December 7, 2016 Share Posted December 7, 2016 Thats good news. I think one of they're  other projects is filling fairly well just by looking at Patio furniture on the Southampton. 1 Quote Link to comment Share on other sites More sharing options...
Popular Post 'Stonian Posted December 27, 2016 Popular Post Share Posted December 27, 2016 Demolition starting! 20 Quote Link to comment Share on other sites More sharing options...
swtsig Posted December 27, 2016 Share Posted December 27, 2016 As of 3 weeks ago they were not fully funded so this one probably isn't breaking ground quite yet. 3 Quote Link to comment Share on other sites More sharing options...
'Stonian Posted December 28, 2016 Share Posted December 28, 2016 3 weeks ago was, well, 3 weeks ago.  A lot can change in 3-weeks. Fully funded or not, lot prep has started and the buildings in the foreground were relegated to rubbish today. 3 Quote Link to comment Share on other sites More sharing options...
Avossos Posted December 28, 2016 Share Posted December 28, 2016 4 hours ago, swtsig said: As of 3 weeks ago they were not fully funded so this one probably isn't breaking ground quite yet.  2 hours ago, 'Stonian said: 3 weeks ago was, well, 3 weeks ago.  A lot can change in 3-weeks. Fully funded or not, lot prep has started and the buildings in the foreground were relegated to rubbish today.  They have been having trouble getting the funding but they have gotten close. I think this will happen just a matter of time. Hopefully sooner rather than later. 2 Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted December 30, 2016 Popular Post Share Posted December 30, 2016 Asbestos removal for 2920 Kirby, formerly Ashley Fine Rugs. Â Â Â Â Â 15 Quote Link to comment Share on other sites More sharing options...
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