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San Felipe Tower: 33-Stories, Residential


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^because lots of tall stuff is getting built and people here love the tall stuff, and the slowdown will greatly reduce the number of tall things being built!

 

Without trying to sound condescending... In all honesty - people here have seen all the proposals that are likely going to get scrapped.  International Tower (Stream/Essex) and a few others like 5 Allen Center are likely gone - and I think that's what people are more upset about.  We'll have to wait another 3-4 years (maybe much less?) to see other proposals come down the pike.

 

My problem with even some of these projects is that a few of those you mentioned were tittering on the brink of failure it seems anyway. Even before all this oil hullabaloo they kept getting delayed further and further back and lets remember that some of these were merely "proposed". While as great as some may be it matters for not until there are boots on the ground building away. It makes the constant complaining by some rather pointless as these by gone proposals are nothing but a dream and like dreams some are quickly forgot until the next thing comes up and sometimes we get better stuff later on. Who knows what could happen in the next few years.

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I'm surprised there are still people in denial on this forum.

 

 

I remember back in August 2008 when we had all these grandiose projects proposed and people kept saying that things were only getting bad because of a perception of bad things ahead and that things weren't actually bad. How do people not realize that perception is king to investors. Why do you think oil prices have collapsed? Do you think because just in a few months that oil production has skyrocketed out of no where? No, production has been gradual. No, it's the perception that the global economy isn't going to start significantly growing anytime soon and that the demand won't be there.

 

Let's apply this to Houston now. There is a perception that things are going to get bad here because of oil, even if the medical field and the port region do well. And when investors get worried, that's when you start having problems.

 

 

 

Oil may have dried up for a bit, but there is still the Keystone pipeline project which will benefit Houston. 

How? In fact, that may make things even worse. That doesn't benefit Houston but it does Canada. And with oversupply being the problem right now, having even more Canadian supply isn't going to make things better.

 

 

 

With $45 oil people are not going to keep moving to Houston.

And this isn't right either. Even if the oil sector is hit, there will still be people coming here for jobs. The people that do come here though may not warrant the expansion of Class A development, unless for example they are in the medical field and medical professionals need to move in somewhere. Although it has been in many sectors, the boom we have been seeing has been especially notable in Class A development... we may start seeing it swing towards more affordable units now but they may not be the architectural marvels that so many HAIFers require.

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A common mistake.

 

Most of the pipeline is already built! The only part that people are arguing about is the "shortcut" which passes over an important aquifer. The only real benefit is that it gets to Houston and places like Port Arthur quicker making the feasibility of shale and sands oil more profitable.

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A common mistake.

 

Most of the pipeline is already built! The only part that people are arguing about is the "shortcut" which passes over an important aquifer. The only real benefit is that it gets to Houston and places like Port Arthur quicker making the feasibility of shale and sands oil more profitable.

More profitable? What do you mean? Rigs in the Eagle Ford Texas area are now losing money... not even break even. More supply will make things even worse than they already are. We need a mixture of less supply (OPEC) and more demand (the rest of the world). Only new technology and better ways of drilling will make shale more profitable... not a pipeline.

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Those of you who keep saying oh the medical industry and the Port of Houston will make up for the losses in oil I'm

sorry to inform you but the reason our port ranks #1 in tonnage is due to the amount of oil product shipped through the port. It will be way down this next year in tonnage shipped.

The Keystone pipeline will not help us one bit. First its going to Port Arthur to be shipped overseas.

Every single segment of our economy will feel this crunch. Its called trickle down.

Now you can put your head in the sand or pretend that its not happening but I promise you these things

take at least a year or two to settle out.

Unless there is a major war in the middle east or China's economy was to become more robust which it doesn't look

like it will any time soon prices would go up.

There was a $3.00 spike yesterday due to concerns of isis getting closer to the reserves in the middle east.

Things will get better but in the near future things will definitely slow down.

But hey we have a million projects to watch go up, and by the time they're coming to a finish oil will probably be

back where it was and we'll go into our next boom. You can say I'm negative or a downer or whatever you like but

thats because you don't want to know the truth or can't believe it.

Its Houston, learn to live with it.

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  • 2 months later...

It looks a bit like a poor man's version of the Austonian. (Aside: isn't the denonym for Austin an "Austinite?" How the heck did the developer arrive at "Austonian?") In any event, the design is pretty solid and would serve as a nice gap filler between the San Felipe Plaza and the smaller skyline of Westchase.

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