Highrise Tower Posted October 26, 2019 Share Posted October 26, 2019 Rebar is in already. 6 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted November 2, 2019 Share Posted November 2, 2019 8 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted November 10, 2019 Popular Post Share Posted November 10, 2019 Thank you for inviting me up. 10 1 Quote Link to comment Share on other sites More sharing options...
jmitch94 Posted November 10, 2019 Share Posted November 10, 2019 Is anything ever going to be built on that giant vacant lot across the street? 4 2 Quote Link to comment Share on other sites More sharing options...
Skyboxdweller Posted November 12, 2019 Share Posted November 12, 2019 It's owned by Apacne and is probably not going to get developed until Apacne flips it to another owner. It's investment in a new Permian gas field has not paid off and it just announced lay-offs, etc. I view this as excess property held for investment and couldn't imagine mgt. putting cash into an office building development when it is struggling to keep its shareholders fat and happy with dividends and stock buy backs. Would make most sense for Hanover to own as it could design a complex that wouldn't totally destroy the value and views of the two buildings it already built and the building it will put up on the site it owns next to the one with its HQ. 8 Quote Link to comment Share on other sites More sharing options...
jmitch94 Posted November 12, 2019 Share Posted November 12, 2019 3 hours ago, Skyboxdweller said: It's owned by Apacne and is probably not going to get developed until Apacne flips it to another owner. It's investment in a new Permian gas field has not paid off and it just announced lay-offs, etc. I view this as excess property held for investment and couldn't imagine mgt. putting cash into an office building development when it is struggling to keep its shareholders fat and happy with dividends and stock buy backs. Would make most sense for Hanover to own as it could design a complex that wouldn't totally destroy the value and views of the two buildings it already built and the building it will put up on the site it owns next to the one with its HQ. Thanks for the info. I can't even imagine the tax burden of this property which is generating zero income. 2 Quote Link to comment Share on other sites More sharing options...
j_cuevas713 Posted November 12, 2019 Share Posted November 12, 2019 1 hour ago, jmitch94 said: Thanks for the info. I can't even imagine the tax burden of this property which is generating zero income. Wasn’t that lot supposed to the the final phase of the 3 buildings along the street. I know the Whole Foods was the anchor for the others. 3 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted November 12, 2019 Share Posted November 12, 2019 10 hours ago, j_cuevas713 said: Wasn’t that lot supposed to the the final phase of the 3 buildings along the street. I know the Whole Foods was the anchor for the others. Yes, originally. But then Wolfe the developer of BLVD Place sold the property to Apache, which, back when oil was still $100+/barrel, planned to build a new HQ. One suspects Apache would entertain reasonable offers. 2 Quote Link to comment Share on other sites More sharing options...
Skyboxdweller Posted November 12, 2019 Share Posted November 12, 2019 If Apache is bought and merged out of existence the property is gone. The tax burden on holding vacant property in the Uptown market doesn't seem to be driving a lot of development. The lot on the south side of Post Oak Blvd , across from Uptwon park , has been vacant for years, the former Willy G site is used as a parking lot, the site of the former Whitehall acts has been vacant for five years, and the lot owned by the Tisch family, Loewe's hotels, is vacant for over a decade. Yet vacant they sit. It doesn't seem to work that way in other parts of the country. 2 1 Quote Link to comment Share on other sites More sharing options...
gene Posted November 12, 2019 Share Posted November 12, 2019 (edited) I won't comment on you bringing up MY Post Oak Corner... 😮 https://www.loopnet.com/Listing/18926724/755-Post-Oak-Blvd-Houston-TX/ 😐 #MakePostOakCornerGreatAgain 😋 Edited November 12, 2019 by gene 3 2 Quote Link to comment Share on other sites More sharing options...
thatguysly Posted November 12, 2019 Share Posted November 12, 2019 They all find loopholes for tax write-offs and the value goes up so they have a nice little investment waiting. 4 Quote Link to comment Share on other sites More sharing options...
Ross Posted November 13, 2019 Share Posted November 13, 2019 19 hours ago, jmitch94 said: Thanks for the info. I can't even imagine the tax burden of this property which is generating zero income. Tax bill for this year is $504,486. that's not that much for an oil company, when a single piece of well equipment can cost that much, as can a couple of days of offshore drilling costs. https://www.hctax.net/Property/TaxStatement?Account=1377660010002 1 hour ago, thatguysly said: They all find loopholes for tax write-offs and the value goes up so they have a nice little investment waiting. No loopholes for raw land. The taxes are deductible, as are the carrying costs, if any. Any income would be included as well, like parking. Wow, there's a 69 page parking agreement that goes with the land. And some other restrictions that make the conveyance from Wulfe to Apache's entity(BLPL Holdings LLC) a pretty complex deal. 2 Quote Link to comment Share on other sites More sharing options...
Skyboxdweller Posted November 13, 2019 Share Posted November 13, 2019 Do you know who owns the other development site on San Felipe which surrounds the pocket park on the corner? I live directly across the street from the lot and its used now by dog walkers and frisbee dudes on the weekend. 1 Quote Link to comment Share on other sites More sharing options...
thatguysly Posted November 13, 2019 Share Posted November 13, 2019 13 hours ago, Ross said: Tax bill for this year is $504,486. that's not that much for an oil company, when a single piece of well equipment can cost that much, as can a couple of days of offshore drilling costs. https://www.hctax.net/Property/TaxStatement?Account=1377660010002 No loopholes for raw land. The taxes are deductible, as are the carrying costs, if any. Any income would be included as well, like parking. Wow, there's a 69 page parking agreement that goes with the land. And some other restrictions that make the conveyance from Wulfe to Apache's entity(BLPL Holdings LLC) a pretty complex deal. Good to know. I assumed they would just be able to stash it and cut losses while they held it. Apache has been having a rough go at it for a while so it is surprising they are holding it. But if they do turn it around, it is a great location for them to build their dream headquarters. 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted November 16, 2019 Popular Post Share Posted November 16, 2019 10 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted November 24, 2019 Popular Post Share Posted November 24, 2019 11 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted December 1, 2019 Share Posted December 1, 2019 8 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted December 8, 2019 Popular Post Share Posted December 8, 2019 10 Quote Link to comment Share on other sites More sharing options...
Popular Post richfish Posted December 11, 2019 Popular Post Share Posted December 11, 2019 We’ve gone vertical today. 13 1 Quote Link to comment Share on other sites More sharing options...
gatway2k Posted December 12, 2019 Share Posted December 12, 2019 IMG_0733.MOV IMG_0732.MOV 7 Quote Link to comment Share on other sites More sharing options...
gene Posted December 12, 2019 Share Posted December 12, 2019 awesome! thanks for posting the pics and videos...i am excited about this building! 2 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted December 16, 2019 Popular Post Share Posted December 16, 2019 10 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted December 22, 2019 Popular Post Share Posted December 22, 2019 12 Quote Link to comment Share on other sites More sharing options...
Popular Post hindesky Posted December 24, 2019 Popular Post Share Posted December 24, 2019 Can't believe this hasn't been posted yet. I assume this is the Zadok mixed use in Galleria area by Michael Hsu. https://hsuoffice.com/project/zadok-mixed-use/ 12 Quote Link to comment Share on other sites More sharing options...
hindesky Posted December 26, 2019 Share Posted December 26, 2019 Apparently this was a lay down yard for the Blvd Project before this started. 7 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted December 31, 2019 Share Posted December 31, 2019 8 Quote Link to comment Share on other sites More sharing options...
Luminare Posted December 31, 2019 Share Posted December 31, 2019 Do we know who the contractor is on this one? Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted January 1, 2020 Share Posted January 1, 2020 4 hours ago, Luminare said: Do we know who the contractor is on this one? Harvey is on this one. Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted January 5, 2020 Popular Post Share Posted January 5, 2020 10 Quote Link to comment Share on other sites More sharing options...
gene Posted January 6, 2020 Share Posted January 6, 2020 dang those people in the adjacent apartments...bye bye view...and sunlight... 1 Quote Link to comment Share on other sites More sharing options...
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