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TexasGeneral

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Everything posted by TexasGeneral

  1. Crews are putting up orange construction barriers around the property right now.
  2. This is a beautiful building, but I question the location. Seems like this would be better suited as part of ROD Phase II. Or an extension of BLVD Place. Riskier move IMO to be that far south.
  3. Heard today that Hines is close with another major tenant (not V&E) for this building. The prospective tenant has a need for a significant amount of space in late 2020. Wouldn’t be surprised to see this one announced soon.
  4. This cannot be built within the West U city limits - it would be a violation of virtually all city code.
  5. The capital markets are closed for Houston multi-family development. There is zero appetite in today's environment. Banks are terrified of all things energy right now, including Houston. It took forever for Thor to get construction financing, and they got it from Bank of the Ozarks which has a reputation for extremely lax lending practices.
  6. Looks like the "white" is actually what was intended. This is by far the ugliest building in Houston.
  7. The construction fence is going up today, the Murphy building garage is being boarded up on the side that the ZaZa construction will be going on, the road running next to the Murphy garage has been closed and construction barriers are up. Lots of workers on site today.
  8. No picture, but the apartments currently on the site are completely vacant and a new demolition fence has been erected in the past few days around the entire property.
  9. Interesting that this brochure says "Thor Equities has started development .... [on this project]. Perhaps a distinction to be made between "development" and "construction"
  10. Hopefully one of these is a Ritz Carlton hotel + residences.
  11. Counting floors on the office tower - it looks to be about 45 stories including parking.
  12. GE's oil & gas business is growing and they already have a substantial presence in Houston. With their finance/real estate business shrinking, it is not out of the question for them to move their HQ to Houston.
  13. The first one may be Porter Hedges. I bet the second one is Andrews Kurth.
  14. If you can't name names - how many lawyers does this firm have in Houston? How much space are they currently leasing?
  15. How would you like to live in one of those bottom units, 10 yards from 610? Might be a tad bit noisy. I can't imagine those are going to lease very quickly.
  16. Great shot. Looks like another crane base on site. BTW, that La Quinta is very out of place there. Hope they eventually tear it down and re-develop that parcel.
  17. Will be nice to see some cranes above the Med Center skyline again with this project along with Texas Children's.
  18. I'll second these thoughts. I was told last weekend by a Senior Development Partner of a major multi-family developer in Houston that there is no money for new projects in Houston right now. He said their usual sources of capital (equity and debt) simply won't fund new projects in Houston right now.
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