texan Posted June 26, 2022 Share Posted June 26, 2022 9 hours ago, samagon said: it does end at Emanuel. if I were a business owner and 1/3 of my business were about to be taken over by TXDoT, I'd make it very clear the easy acquisition would be to buy all of it for a price I was happy with, or they could fight tooth and nail, and probably end up paying the same for just 1/3 of the property. TXDoT probably saw it as a great way to get land that they could use for staging equipment, raw material, and prep things onsite. I think this is exactly what happened. Leaving the two blocks with 55-60% of the units of the original development (since the block right by the rail stop is essentially just a parking garage with a small number of units and a full block of units absolutely had to be taken out) probably majorly ruined the business case on the remaining part of the development. In the end they'll definitely need it for staging and when the project is all said and done it will more than likely be redeveloped into much larger transit oriented residential development that doesn't put a parking garage right next to a light rail stop (which has got to be a Houston joke). 2 Quote Link to comment Share on other sites More sharing options...
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.