nate4l1f3 Posted September 24, 2014 Share Posted September 24, 2014 I hope we can get some affordable options downtown. This would be a cool spot for say a 500sq ft $700 a month apartment? 2 Link to comment Share on other sites More sharing options...
toxtethogrady Posted September 25, 2014 Share Posted September 25, 2014 Never going to happen in this town ever again. But you can always check out the Section 8s on Fondren. Or the offerings around Lake Worth in Fort Worth. Link to comment Share on other sites More sharing options...
Slick Vik Posted September 25, 2014 Share Posted September 25, 2014 Never going to happen in this town ever again. But you can always check out the Section 8s on Fondren. Or the offerings around Lake Worth in Fort Worth.There are still $1 a square foot apartments all over houston. Link to comment Share on other sites More sharing options...
toxtethogrady Posted September 25, 2014 Share Posted September 25, 2014 They still have to be 700 sf or less to fit the limit. Link to comment Share on other sites More sharing options...
nate4l1f3 Posted September 25, 2014 Share Posted September 25, 2014 Never going to happen in this town ever again. But you can always check out the Section 8s on Fondren. Or the offerings around Lake Worth in Fort Worth.That's silly, I'm guessing your being funny about the section 8 comment. Link to comment Share on other sites More sharing options...
EllenOlenska Posted September 25, 2014 Share Posted September 25, 2014 I'm probably naive, but if 45 was buried, this might be quite the marketable corner. I imagine that that concept I saw on paper, perhaps earlier this year was just that: conceptual. Link to comment Share on other sites More sharing options...
Chi-Char-Hou-Dal Posted September 25, 2014 Share Posted September 25, 2014 Good news for the immediate vacinity though. Good luck to the future residents I hope they can bring about a slew of change to the area. It's deader than dead right now minus something at Toyoyta Center Link to comment Share on other sites More sharing options...
Howard Huge Posted September 26, 2014 Share Posted September 26, 2014 There is a digger onsite right now, they already have a pretty huge hole excavated. 1 Link to comment Share on other sites More sharing options...
badfish Posted September 26, 2014 Share Posted September 26, 2014 There is a digger onsite right now, they already have a pretty huge hole excavated.I think there is going to be 2 floors of underground parking, but not 100% on that. Link to comment Share on other sites More sharing options...
Urbannizer Posted September 29, 2014 Share Posted September 29, 2014 http://swamplot.com/the-hamilton-apartments-are-going-up-on-a-freeway-wrapped-corner-in-downtowns-far-southeast/2014-09-29/ 4 Link to comment Share on other sites More sharing options...
shasta Posted September 29, 2014 Share Posted September 29, 2014 From the movie Marathon Man. Former Nazi repeatedly asks "Is it safe?" while using his dental skills to torture a confused marathon runner. Oh......so that's why that Dentist Gremlin in Gremlins 2 kept saying "Is it safe?" 1 Link to comment Share on other sites More sharing options...
phillip_white Posted September 29, 2014 Share Posted September 29, 2014 Nice! Thanks Urbannizer. This shows the contact as John Stephen Ford, Jr.http://www.houstontx.gov/housing/workshop20120210/response20120316.pdf And it looks like Steve has been quite busy developing.http://www.bizapedia.com/addresses/1500-NORTH-POST-OAK-ROAD-SUITE-190-HOUSTON-TX-77055.html Anybody have the finesse to scrounge up some renderings? Link to comment Share on other sites More sharing options...
houstontexasjack Posted September 29, 2014 Share Posted September 29, 2014 Good news. One day, we will get to talk about the last empty lot in the CBD getting built over. This is another step toward that great day. Link to comment Share on other sites More sharing options...
shasta Posted September 29, 2014 Share Posted September 29, 2014 It is possible that renderings don't even exist. Apartment projects typically don't require fancy renderings. Unless you are doing a condo projects (need pre-sales), an office tower (need tenants) or need something put together to get approval (tax incentive, loan from bank, or court ruling) then it isn't necessary to hire someone to do a nice rendering. For a typical apartment project with financing already secured, just start the project and pre-lease when you are close to occupancy. Link to comment Share on other sites More sharing options...
monarch Posted September 29, 2014 Share Posted September 29, 2014 wonderful! a most welcome addition. Link to comment Share on other sites More sharing options...
lockmat Posted September 29, 2014 Share Posted September 29, 2014 The blog entry mentioned low income a couple of times. Is that what this is??? Link to comment Share on other sites More sharing options...
Texasota Posted September 29, 2014 Share Posted September 29, 2014 keep in mind that "low income" does not necessarily mean section 8. It could just mean below market rate, which, considering what apartments are renting for downtown, could easily be targeting people making $40,000 a year.At least that's how it works in other cities. Link to comment Share on other sites More sharing options...
HoustonIsHome Posted September 29, 2014 Share Posted September 29, 2014 Lower income residential is exactly what downtown and the nearby areas need. Something catering to the $2500 to 3000 a month crowd. 2 Link to comment Share on other sites More sharing options...
UtterlyUrban Posted September 29, 2014 Share Posted September 29, 2014 Lower income residential is exactly what downtown and the nearby areas need. Something catering to the $2500 to 3000 a month crowd.What?You can rent a unit in One Park Place for that, easily. Link to comment Share on other sites More sharing options...
houstontexasjack Posted September 30, 2014 Share Posted September 30, 2014 What?You can rent a unit in One Park Place for that, easily. I think the reference was to the monthly income of a resident, not the monthly rent to be charged. Link to comment Share on other sites More sharing options...
Slick Vik Posted September 30, 2014 Share Posted September 30, 2014 Lower income residential is exactly what downtown and the nearby areas need. Something catering to the $2500 to 3000 a month crowd.For one person 3000 a month is a $55,000 salary roughly that's not bad Link to comment Share on other sites More sharing options...
UtterlyUrban Posted September 30, 2014 Share Posted September 30, 2014 I think the reference was to the monthly income of a resident, not the monthly rent to be charged.I see that now. My mistake .....I apologize. Link to comment Share on other sites More sharing options...
H-Town Man Posted September 30, 2014 Share Posted September 30, 2014 For one person 3000 a month is a $55,000 salary roughly that's not bad Not bad for one person. Small family, different story... Link to comment Share on other sites More sharing options...
toxtethogrady Posted September 30, 2014 Share Posted September 30, 2014 Lower income residential is exactly what downtown and the nearby areas need. Something catering to the $2500 to 3000 a month crowd.You guys are a bit rich for my blood. High end in downtown Fort Worth can be had for $1800 a month. Link to comment Share on other sites More sharing options...
Texasota Posted September 30, 2014 Share Posted September 30, 2014 yeah im also hoping he meant 1800-3000 a month income not rent. Link to comment Share on other sites More sharing options...
Moore713 Posted September 30, 2014 Share Posted September 30, 2014 That is what I have been saying for years if you want to see downtown population exploded start targeting the 40,000 To 50,000 a year crowd..the RN (instead of just doctors) ..the police, fire ,paramedics, etc... Stop trying to be New York with The 2,000 one bedroom. 1 Link to comment Share on other sites More sharing options...
H-Town Man Posted September 30, 2014 Share Posted September 30, 2014 That is what I have been saying for years if you want to see downtown population exploded start targeting the 40,000 To 50,000 a year crowd..the RN (instead of just doctors) ..the police, fire ,paramedics, etc... Stop trying to be New York with The 2,000 one bedroom. Pretty hard to do with new construction, because rents have to justify the cost of building and land acquisition. But once some of the new luxury buildings have aged 15-20 years, they will be more affordable. Link to comment Share on other sites More sharing options...
Slick Vik Posted September 30, 2014 Share Posted September 30, 2014 That is what I have been saying for years if you want to see downtown population exploded start targeting the 40,000 To 50,000 a year crowd..the RN (instead of just doctors) ..the police, fire ,paramedics, etc... Stop trying to be New York with The 2,000 one bedroom.It's not just that but some people just don't want to spend a lot on rent regardless of salary. Link to comment Share on other sites More sharing options...
allynwest Posted September 30, 2014 Share Posted September 30, 2014 Does anyone have any insight/info about whether the developers know about plans to raze the Pierce Elevated? Seems odd to squeeze a midrise building into such an armpit --- and a noisy one at that. But if the Pierce Elevated becomes a boulevard, as I've heard, then that changes things for this site. Link to comment Share on other sites More sharing options...
houstontexasjack Posted September 30, 2014 Share Posted September 30, 2014 Does anyone have any insight/info about whether the developers know about plans to raze the Pierce Elevated? Seems odd to squeeze a midrise building into such an armpit --- and a noisy one at that. But if the Pierce Elevated becomes a boulevard, as I've heard, then that changes things for this site.Only one of the proposed routings of I-45 has the Pierce getting razed. A handout of the most recent public meeting is below: http://www.ih45northandmore.com/docs3/1.%20ENGLISH%20Handout%20-%20Pages%201%20-%206%20%20NHHIP%203rd%20Public%20Meeting%2011-11-13.pdf I am not really familiar with the goals associated with highway alignment. However, the exhibit below (see the last page) indicates that realignment of 45 along 59 and I-10 has "signature project potential," whatever that means. It looks as though the engineering would be easiest for keeping the Pierce but converting it to a one way highway. http://www.ih45northandmore.com/docs3/5.%20English%20Exhibits.pdf Link to comment Share on other sites More sharing options...
Subdude Posted September 30, 2014 Share Posted September 30, 2014 Does anyone have any insight/info about whether the developers know about plans to raze the Pierce Elevated? Seems odd to squeeze a midrise building into such an armpit --- and a noisy one at that. But if the Pierce Elevated becomes a boulevard, as I've heard, then that changes things for this site. I'm not sure that Pierce Elevated planning has advanced much beyond the hearing stage. It's a good point that making it a boulevard (as I would dearly love) would change things for this site, but I don't really expect that outcome. It seems that noise would be a major problem here. Link to comment Share on other sites More sharing options...
HoustonIsHome Posted October 1, 2014 Share Posted October 1, 2014 yeah im also hoping he meant 1800-3000 a month income not rent.Yes, monthly family income Link to comment Share on other sites More sharing options...
HoustonIsHome Posted October 1, 2014 Share Posted October 1, 2014 You guys are a bit rich for my blood. High end in downtown Fort Worth can be had for $1800 a month.A family making 2500 a month would spend about $700 on rent. Not 1800 Link to comment Share on other sites More sharing options...
Texasota Posted October 1, 2014 Share Posted October 1, 2014 eh, assuming thats $2500 after tax then its actually more likely to be more like $850 a month on rent. And actually people are spending more on rent proportionally than they used to; in a lot of cities its creeping up to 50%. Not that that's a particularly good idea of course. Link to comment Share on other sites More sharing options...
H-Town Man Posted October 1, 2014 Share Posted October 1, 2014 If said family wants their kids in good schools, it might be hard to find a decent apartment for $700. Link to comment Share on other sites More sharing options...
squaredeal Posted October 1, 2014 Share Posted October 1, 2014 Nice! Thanks Urbannizer. This shows the contact as John Stephen Ford, Jr.http://www.houstontx.gov/housing/workshop20120210/response20120316.pdf And it looks like Steve has been quite busy developing.http://www.bizapedia.com/addresses/1500-NORTH-POST-OAK-ROAD-SUITE-190-HOUSTON-TX-77055.html Anybody have the finesse to scrounge up some renderings? Note, the Housing & Community Development report shows a date of Feb 2012. Hamilton Apts applied for competitive low income tax credits in 2012 and again in 2013, failing to secure such tax credits in either year. An application was not submitted in 2014. Accordingly, it does not appear to be financed with low income tax credits. 1 Link to comment Share on other sites More sharing options...
Howard Huge Posted October 1, 2014 Share Posted October 1, 2014 I'm not sure that Pierce Elevated planning has advanced much beyond the hearing stage. It's a good point that making it a boulevard (as I would dearly love) would change things for this site, but I don't really expect that outcome. It seems that noise would be a major problem here.Haif poster badfish said he knows the developers and that they are soundproofing the above freeway units, so it won't be an issue.Kind of like lofts at the ballpark, with 69 right in front of your windows. Link to comment Share on other sites More sharing options...
Howard Huge Posted October 1, 2014 Share Posted October 1, 2014 Also for what its worth, the "second fenced off lot" of this development has had a fence around it for as long as I can remember, just look at the fence close up if you need proof.They are just using it for a lay down yard I assume. Link to comment Share on other sites More sharing options...
Triton Posted October 1, 2014 Share Posted October 1, 2014 Also for what its worth, the "second fenced off lot" of this development has had a fence around it for as long as I can remember, just look at the fence close up if you need proof.They are just using it for a lay down yard I assume. The fence has been there for a while (why put up a new fence if one already exists?); however, there certainly is activity on the other lot as well. I honestly believe they are just using it as a staging area because when I drive through there, the construction workers are leaving their cars to go to the other property. By the way, is this thread spelt incorrectly? "Hamliton"? Link to comment Share on other sites More sharing options...
Chi-Char-Hou-Dal Posted October 1, 2014 Share Posted October 1, 2014 What are these large concrete posts they are tearing out? Link to comment Share on other sites More sharing options...
Chi-Char-Hou-Dal Posted October 1, 2014 Share Posted October 1, 2014 See here Link to comment Share on other sites More sharing options...
Chi-Char-Hou-Dal Posted October 1, 2014 Share Posted October 1, 2014 I'm thinking they were posts for ramps for whatever was there before P.E. or 59? Link to comment Share on other sites More sharing options...
Subdude Posted October 1, 2014 Share Posted October 1, 2014 By the way, is this thread spelt incorrectly? "Hamliton"? Good catch. Changed to "Hamilton". Link to comment Share on other sites More sharing options...
Howard Huge Posted October 1, 2014 Share Posted October 1, 2014 I'm thinking they were posts for ramps for whatever was there before P.E. or 59?They look like freeway columns to me. Link to comment Share on other sites More sharing options...
badfish Posted October 3, 2014 Share Posted October 3, 2014 As someone indicated previously, LIHTC's were applied for previously, but not awarded. Developer decided to move forward as a market rate deal, and the apartments will not be income restricted in any way. It's been a while since I saw any numbers, but I think rents will be in the $1.75-$2.00/SF range. Link to comment Share on other sites More sharing options...
UtterlyUrban Posted October 4, 2014 Share Posted October 4, 2014 I think rents will be in the $1.75-$2.00/SF range.Holy cow!$2? 800sqft for $1600 with a freeway as your closest neighbor? Wow.What the hell are rents in midtown these days? No freeway there and only a mile away. Are rents in midtown above $2? 1 Link to comment Share on other sites More sharing options...
Triton Posted October 4, 2014 Share Posted October 4, 2014 The Hamilton Apartments by marclongoria, on Flickr The Hamilton Apartments by marclongoria, on Flickr The Hamilton Apartments by marclongoria, on Flickr Dirt mound on the eastern lot The Hamilton Apartments by marclongoria, on Flickr 3 Link to comment Share on other sites More sharing options...
monarch Posted October 5, 2014 Share Posted October 5, 2014 wow! these developers mean business. fast work already... Link to comment Share on other sites More sharing options...
hindesky Posted October 12, 2014 Share Posted October 12, 2014 I think they are as deep as they are going to get with the foundation work. 2 Link to comment Share on other sites More sharing options...
monarch Posted October 13, 2014 Share Posted October 13, 2014 much obliged as per the great illustrations hindesky! Link to comment Share on other sites More sharing options...
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