Jump to content
HAIF - Houston's original social media

The Matrix: Proposed Residential at Reeves & Adair St, Near U of H


Recommended Posts

  • 3 weeks later...
5 hours ago, monarch said:

^^^ is this for real?  really cool place.  however, why am i seeing a live baseball game being broadcasted via a HUGE LED screen upon the far left corner?  what exactly kind of exterior design trend is this.....?

So the hood -- I mean, university students can gather around.

  • Like 1
Link to post
Share on other sites

I wonder if the condos are simply 6 square feet, but provide a fully interactive virtual world, one which you share with all of your fellow residents.

 

Additionally, it could be sustainability powered by it's residents

  • Like 2
Link to post
Share on other sites

Website shows these will be around $125,000 for one unit, which doesn't sound all that bad until you realize they're just under 600 sqft. Though I can imagine a lot of UH grads will eat these up. I might even consider this...

 

Edit; Nvm, there are other floor plan options.

 

That 2018 completion date is so far though...

Edited by BigFootsSocks
Link to post
Share on other sites
  • 2 years later...

Why does that first floor plans have 2 full bathrooms for 1 bedroom?  If they had made that front one a half bath, there would have been more storage space.  Also, why put the bathroom at the corner as opposed to the bedroom?  Weird choices

  • Like 1
Link to post
Share on other sites
57 minutes ago, cspwal said:

Why does that first floor plans have 2 full bathrooms for 1 bedroom?  If they had made that front one a half bath, there would have been more storage space.  Also, why put the bathroom at the corner as opposed to the bedroom?  Weird choices

That floor plan is weirding me out. 

Link to post
Share on other sites

I really don't know what developers are waiting for but the Third Ward could be the best tapped area in the city.

 

It is close to downtown, it is in the loop, it is close to mass transit it is anchored by the third largest university in the state and many have eagerly  been waiting for this area to properly develop for decades!!

 

In my opinion, efficiencies for this low of a price is setting the bar pretty low. I envision this becoming another EADO in a decade or two. Look for developers to start to test the waters....imagine if it got an InTown Homes townhouse development, imagine a large mixed use project along Scott Street across from the campus. Imagine, a run on the lots with nice homes. This all could be reality.

 

In know, the catchment area right now doesn't support development but many UH grads, professors, students, etc.   have been waiting for the Third Ward to get its act together and catch up with the rest of the booming parts of the city. There is absolutely no reason why it shouldn't. 

 

Let's home this project starts the momentum...because it is happening ..just a matter of WHEN not IF.

  • Like 1
Link to post
Share on other sites
  • 3 months later...
2 hours ago, Urbannizer said:

Any updates here?

I was going to check this out as I left UH this past weekend and could see it in the distance as I rode west on Holman St, looked abandoned and weed filled so I kept on going.

Link to post
Share on other sites
  • 6 months later...
  • 3 weeks later...
On 4/22/2020 at 2:34 PM, phillip_white said:

A permit was issued for this site on 3/20 [(EPR) NEW 81,853 SQ FT CONDO'S 1-5-3-R2-] but I'm not sure what it's for.

It might be a glimmer of hope for this project.

Must have been a permit to mow the weeds.

n7xezPk.jpg

  • Like 5
  • Haha 4
Link to post
Share on other sites
  • 3 months later...
3 minutes ago, Montrose1100 said:

There are workers there consistently. I've been eating more taco bell lately.

Yeah, you can tell a lot of work has been done since my last pic I took there. There were several onsite on Sunday too.

  • Like 2
Link to post
Share on other sites
  • 2 weeks later...
On 7/8/2019 at 9:38 AM, cspwal said:

Why does that first floor plans have 2 full bathrooms for 1 bedroom?  If they had made that front one a half bath, there would have been more storage space.  Also, why put the bathroom at the corner as opposed to the bedroom?  Weird choices

I assume you could have guest or kids sleeping on the sofa bed that will need a full bath. It looks like the plans with beds only are actual sleeper sofas.

Edited by Stew
  • Like 1
Link to post
Share on other sites
  • 1 month later...
  • 3 weeks later...
5 minutes ago, Stew said:

I'm curious. Why would anyone pay $125,000 for these incredibly small condos? They should have made them student housing. 

 

Screenshot_20201107-170730_Samsung Internet.jpg

I guess they think this is Austin where they can turn them over after the kid graduates and make a profit.

  • Like 1
Link to post
Share on other sites
17 hours ago, hindesky said:

I guess they think this is Austin where they can turn them over after the kid graduates and make a profit.

That's exactly my thoughts. Plus, the idea of not having to move every year for four years is appealing.

  • Like 1
Link to post
Share on other sites

I think people also need to keep in mind just how many foreign students there are at UH. Coming home every summer for the whole summer isn't really an option for them, but their folks do have enough to send their kids off to the States for school. At this price, it's pretty perfect for them.

  • Like 1
Link to post
Share on other sites
1 minute ago, JBTX said:

I think people also need to keep in mind just how many foreign students there are at UH. Coming home every summer for the whole summer isn't really an option for them, but their folks do have enough to send their kids off to the States for school. At this price, it's pretty perfect for them.

But would you pay $125,000 for a 528 square feet condo in third ward with dilapidated properties adjacent to you? Oh and live in it.

  • Like 1
Link to post
Share on other sites
16 minutes ago, Stew said:

But would you pay $125,000 for a 528 square feet condo in third ward with dilapidated properties adjacent to you? Oh and live in it.

Depends on how long you think those dilapidated properties will continue to be there.  As someone that bought property in Third Ward six years ago, things changed quick once development tipped over a certain point.

  • Like 3
Link to post
Share on other sites
2 hours ago, Stew said:

But would you pay $125,000 for a 528 square feet condo in third ward with dilapidated properties adjacent to you? Oh and live in it.

 

Honestly? Yeah.

 

I mean that solely from personal experience too, not to denigrate your opinion. I lived on campus for four years during my time at UH without issue (I am also a not small male).

 

Boughta house in 2nd ward just before the boom there. I was (and still partially am) surrounded by cinderblock homes, dilapidated homes, and vagrants.

 

It works for me because I don't mind it and am totally game to pay a lower starting cost for greater long term opportunity.

 

Circling back to these properties, I'm gonna go out on a limb and say that, if an incoming freshman's parents pick one of these up at 125, they will get their money back and then some in 4 years.

  • Like 4
Link to post
Share on other sites
  • 2 weeks later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...