H-Town Man Posted May 9, 2018 Share Posted May 9, 2018 3 hours ago, Vy65 said: Just out of curiosity, where do you draw the line between first and second tier markets? First tier markets, or "core markets" or "gateway cities for capital," would be NY, SF, DC, LA, Chicago, and probably Boston. Houston, Dallas, Atlanta are right at the top of second tier, but you do not have the same pool of money looking to buy anything and everything here. Although we have started to get interest from foreign buyers who were previously only associated with the coastal cities. Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted May 9, 2018 Share Posted May 9, 2018 5 hours ago, CREguy13 said: This really will be a special project and a ground floor unlike anything existing in Houston currently. Hines is also renovating the ground floor of 717 Texas and their plan is to make it a seamless transition between 717 Texas, Block 58, and Block 42 so they all will complement one another's ground floor experience. Will these be designed to cater to more than the standard weekday/office crowd? With the redesign of Jones Plaza and longterm theater district plan, I’m curious as to whether Hines might be looking at this area for weekend festival/theater-going traffic. 3 Quote Link to comment Share on other sites More sharing options...
Vy65 Posted May 9, 2018 Share Posted May 9, 2018 8 hours ago, H-Town Man said: First tier markets, or "core markets" or "gateway cities for capital," would be NY, SF, DC, LA, Chicago, and probably Boston. Houston, Dallas, Atlanta are right at the top of second tier, but you do not have the same pool of money looking to buy anything and everything here. Although we have started to get interest from foreign buyers who were previously only associated with the coastal cities. Fair enough. So it’s not to say that Houston can’t become “first tier,” it’s just a matter of whether the city can begin to attract enough foreign/global investment to be considered a gateway. Cursorily looking through CBRE’s materials on this, I find it interesting their cities are limited to the coasts. You’d think Houston or Dallas would crack that list in the next 5-10 years considering market dynamics on the coasts. Quote Link to comment Share on other sites More sharing options...
Nate99 Posted May 9, 2018 Share Posted May 9, 2018 There is a lot of money around the world chasing real estate to have something of value in a jurisdiction where it can not be easily confiscated from you. There are 25,000 empty homes in Vancouver, BC by some counts. People owning that sort of property don't pick cities for the reason that most of us picked Houston (access to good jobs). South Florida seems to be the best analog to Houston climate/geography wise, and it's obviously a different ball game over there. Quote Link to comment Share on other sites More sharing options...
mollusk Posted May 9, 2018 Share Posted May 9, 2018 Houston's not a coastal city? What's that thing down the Gulf Freeway - an overly ambitious puddle? 1 4 Quote Link to comment Share on other sites More sharing options...
samagon Posted May 9, 2018 Share Posted May 9, 2018 11 hours ago, mollusk said: And is a mezzanine market in the picture? The Lubbock Architecture forum is around the corner sir. 2 1 Quote Link to comment Share on other sites More sharing options...
cspwal Posted May 9, 2018 Share Posted May 9, 2018 55 minutes ago, samagon said: The Lubbock Architecture forum is around the corner sir. You mean LAF? 1 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted May 9, 2018 Share Posted May 9, 2018 1 hour ago, mollusk said: Houston's not a coastal city? What's that thing down the Gulf Freeway - an overly ambitious puddle? I don't want to ruin anyone's morning, but when real estate investors talk about "the coasts," they're not talking about the Gulf Coast. Although I think it's a very fine coast. Quote Link to comment Share on other sites More sharing options...
mollusk Posted May 9, 2018 Share Posted May 9, 2018 11 minutes ago, H-Town Man said: I don't want to ruin anyone's morning, but when real estate investors talk about "the coasts," they're not talking about the Gulf Coast. Although I think it's a very fine coast. 2 1 Quote Link to comment Share on other sites More sharing options...
Timoric Posted May 9, 2018 Share Posted May 9, 2018 (edited) - Edited July 12, 2019 by Timoric 7 Quote Link to comment Share on other sites More sharing options...
Popular Post bobruss Posted May 9, 2018 Popular Post Share Posted May 9, 2018 (edited) Although Houston is known for oil, and healthcare, its taken longer for all of the pieces to come together to finally have a more well rounded economic base. With the aerospace and medical technology starting to make noise and the upswing in the oil patch, the word is finally getting out that Houston is a world class city. The cultural inventory of Houston is 1st class, with a collection of museums that rival any, and a performing arts ensemble of Symphony, Ballet, Opera, and Theater. We've totally revamped our parks and recreation program adding hundreds of improved acres to our parks and hike and bike trails, making Houston a much more livable city. With the international population and diversity we are seeing more international travelers who come to see where their friends and family have chosen to settle. The word is out. Our airports may not be up to Asian standards of quality, but both airports have been upgraded and our port leads the nation annually in exports. Our tourism numbers are up and the residential growth in downtown all add up to a positive outlook for Houston. Heck, we just went through a recession and downturn in the oil market yet we continue to add new office towers, residential towers and industrial manufacturing facilities and capabilities. All this will slowly trickle down to the money and investors who are probably just beginning to take Houston more seriously. We will never rival New York and L. A. for the big bucks, but we will definitely reap our share. We'll be just fine. Look what we've done without much outside support. Edited May 9, 2018 by bobruss 12 Quote Link to comment Share on other sites More sharing options...
bobruss Posted May 10, 2018 Share Posted May 10, 2018 I just read a story in today's Chronicle bus. section, front page, about the upswing in interest the Japanes have in Houston business, manufacturing and other types of investments. This is a perfect example of what I just alluded to in my previous post. They're coming. We have made some wise decisions in the past decade and they're beginning to bear fruit. I believe one of the largest air conditioning manufacturing plants in the U.S began operating this last year all under one roof, in far west Harris or Waller county. It all adds up. 3 Quote Link to comment Share on other sites More sharing options...
j_cuevas713 Posted May 10, 2018 Share Posted May 10, 2018 11 hours ago, bobruss said: I just read a story in today's Chronicle bus. section, front page, about the upswing in interest the Japanes have in Houston business, manufacturing and other types of investments. This is a perfect example of what I just alluded to in my previous post. They're coming. We have made some wise decisions in the past decade and they're beginning to bear fruit. I believe one of the largest air conditioning manufacturing plants in the U.S began operating this last year all under one roof, in far west Harris or Waller county. It all adds up. Plus I've been seeing the national media give our city a fair shake finally! They are seeing how great of a city Houston is. 2 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted May 10, 2018 Share Posted May 10, 2018 12 hours ago, bobruss said: I just read a story in today's Chronicle bus. section, front page, about the upswing in interest the Japanes have in Houston business, manufacturing and other types of investments. This is a perfect example of what I just alluded to in my previous post. They're coming. We have made some wise decisions in the past decade and they're beginning to bear fruit. I believe one of the largest air conditioning manufacturing plants in the U.S began operating this last year all under one roof, in far west Harris or Waller county. It all adds up. Do you have a link? I have heard similar about Japanese real estate buyers. Quote Link to comment Share on other sites More sharing options...
bobruss Posted May 10, 2018 Share Posted May 10, 2018 42 minutes ago, H-Town Man said: Do you have a link? I have heard similar about Japanese real estate buyers. https://www.houstonchronicle.com/business/article/Japanese-companies-eye-Texas-for-investment-12898231.php This was in yesterdays Chronicle. 1 1 Quote Link to comment Share on other sites More sharing options...
Twinsanity02 Posted May 10, 2018 Share Posted May 10, 2018 That explains the number of Asia/Pacific business types I saw this weekend at the Hampton/Homewood Suites. We were there for the prom, didn't think they were. Quote Link to comment Share on other sites More sharing options...
BeerNut Posted May 10, 2018 Share Posted May 10, 2018 14 hours ago, bobruss said: I just read a story in today's Chronicle bus. section, front page, about the upswing in interest the Japanes have in Houston business, manufacturing and other types of investments. This is a perfect example of what I just alluded to in my previous post. They're coming. We have made some wise decisions in the past decade and they're beginning to bear fruit. I believe one of the largest air conditioning manufacturing plants in the U.S began operating this last year all under one roof, in far west Harris or Waller county. It all adds up. Hmm... I wonder if these companies will support Texas Central Railway in their plan to use Japanese train technology. 1 Quote Link to comment Share on other sites More sharing options...
bobruss Posted May 10, 2018 Share Posted May 10, 2018 (edited) I'm sure there is a lot of talk with the Japanese and their interest to develop the high speed rail in this country. They could really exacerbate it coming to fruition with some investment money and technology. The thing about Houston that makes it such an interesting market. Just like Marvy said yesterday about real estate. Location, location, location. Main at Main. We have the location. We have the port and the airports. Our air traffic has seen huge growth both intl. and domestic and cargo tonnage has gone up with it. The port of Houston is a much bigger incubator for business than most would realize. One of the things that I have read is that a number of very large plants and distribution centers are making or plan to make the Houston/gulf coast area their central and regional distribution points for the central U. S market, thanks to our location and easy access to the now enlarged Panama Canal and with our comparably lower cost of doing business and living expenses compared with the east and west coast cities. If and when the space port actually becomes a reality that will really help the aerospace industry, and all of its offshoots thrive. I'm sure that it will also create another tourist industry down the road. Having a coastal town like Galveston doesn't hurt with its thriving tourist cruise ship market expanding. Those people fly to Houston first then drive to Galveston. They all see whats happening here. Edited May 10, 2018 by bobruss 4 Quote Link to comment Share on other sites More sharing options...
Brooklyn173 Posted May 10, 2018 Share Posted May 10, 2018 "They could really exacerbate it coming to fruition with some investment money and technology." I'll assume that you meant 'expedite' since exacerbate means to make a problem or situation worse. Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted May 10, 2018 Share Posted May 10, 2018 25 minutes ago, Brooklyn173 said: "They could really exacerbate it coming to fruition with some investment money and technology." I'll assume that you meant 'expedite' since exacerbate means to make a problem or situation worse. He also didn't leave a space between all his paragraphs, and there are some incomplete sentences. What is happening to HAIF. 1 1 Quote Link to comment Share on other sites More sharing options...
dbigtex56 Posted May 10, 2018 Share Posted May 10, 2018 2 minutes ago, H-Town Man said: What is happening to HAIF. Is that a question? 1 3 Quote Link to comment Share on other sites More sharing options...
bobruss Posted May 10, 2018 Share Posted May 10, 2018 What can I say. I was in a hurry and wasn't paying total attention. Besides I like the word exacerbate. I guess I slept through english grammar too many times. Obviously you got my point. I really hope this doesn't cost me a detention, or force me to stay after school and write expedite 500 times on the chalkboard. 1 hour ago, Brooklyn173 said: "They could really exacerbate it coming to fruition with some investment money and technology." I'll assume that you meant 'expedite' since exacerbate means to make a problem or situation worse. 3 Quote Link to comment Share on other sites More sharing options...
Nate99 Posted May 10, 2018 Share Posted May 10, 2018 I just came here to say I really like the word "mollycoddle" but not the concept. 5 1 Quote Link to comment Share on other sites More sharing options...
mollusk Posted May 11, 2018 Share Posted May 11, 2018 I hadn't been able to use the word "pedantic" on this forum lately... 2 1 Quote Link to comment Share on other sites More sharing options...
lockmat Posted May 11, 2018 Share Posted May 11, 2018 (edited) Does Hines use multiple different architects for office projects? They use Pickard Chilton a lot, right? I wonder what their crowned towers look like. Edit: A few: Houston knockoff (current fad) https://www.pickardchilton.com/work/canal-place Japan https://www.pickardchilton.com/work/y2 Gag me https://www.pickardchilton.com/work/pinnacle We know these, nice, of course https://www.pickardchilton.com/work/four-seasons-place What could have been, The Woodlands https://www.pickardchilton.com/work/town-center-district Edited May 11, 2018 by lockmat 3 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted May 11, 2018 Share Posted May 11, 2018 10 minutes ago, lockmat said: Does Hines use multiple different architects for office projects? They use Pickard Chilton a lot, right? I wonder what their crowned towers look like. Edit: A few: Houston knockoff (current fad) https://www.pickardchilton.com/work/canal-place Japan https://www.pickardchilton.com/work/y2 Gag me https://www.pickardchilton.com/work/pinnacle We know these, nice, of course https://www.pickardchilton.com/work/four-seasons-place What could have been, The Woodlands https://www.pickardchilton.com/work/town-center-district I always liked that Woodlands one, would love to see that kind of warm, inviting architecture on Market Square. Somebody tell Stream. Cesar Pelli absolutely takes them to school in Kuala Lumpur, I don't even know why they took that commission. The Japan one might be a preview of what the Texas Ave. retail will be like. Pretty nice. I doubt the crown will be like the Pinnacle since they probably won't put a rooftop deck that high and exposed. Maybe something like what they did in Atlanta or Oklahoma City. Neither is spectacular. 1 Quote Link to comment Share on other sites More sharing options...
Naviguessor Posted May 11, 2018 Share Posted May 11, 2018 It will be interesting to see how Hines orients the new building and top feature. My bet is that they will make the biggest impact facing west, with a tower situated on a north/south-ish axis as opposed to the BG Place and 609 Main towers, which are on situated on the east/west-ish direction and make the biggest impacts to when viewed from the north (obviously, since you can't necessarily see them from the West). But, this building will be highly visible form the North, East and West. 3 Quote Link to comment Share on other sites More sharing options...
bobruss Posted May 11, 2018 Share Posted May 11, 2018 I would imagine he would go with another firm this time just for some balance and a different perspective. He did work with Phillip Johnson many times, so you never know until its announced. 1 Quote Link to comment Share on other sites More sharing options...
ArtNsf Posted May 11, 2018 Share Posted May 11, 2018 On 5/8/2018 at 11:15 AM, Nate99 said: Indeed. I love it ! Would be so nice to see Houston finally break that 75 story "ceiling" as it were. Wishful thinking I know, but a couple of big towers between 80 and 100 floors would do wonders for our already impressive skyline and prestige !! 2 Quote Link to comment Share on other sites More sharing options...
htownbro Posted May 11, 2018 Share Posted May 11, 2018 On 5/8/2018 at 10:12 AM, HoustonIsHome said: I'm hoping for a cool crown too. Something not too eccentric but modern. As far as vacancy I'm hoping some of the older buildings can be repurposed to residential ala Texaco/Star. Htown I'm with you on the Texas street pedestrian thoroughfare. Love The Rice verandah idea. As for the buildings south of the Enron buildings all 6 or so should be converted to residential. That includes the Exxon, Continental, KBR, 500 Jefferson, 600 Jefferson/ 1801 Smith, 701 Jefferson Garage, Hell on Earth.... Would be nice if all of them were converted to residential. That should be more than 4M SQ alone. I take it that Hell On Earth is the old Days Inn hotel sitting vacant for ages. Quote Link to comment Share on other sites More sharing options...
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