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TexasGeneral

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Everything posted by TexasGeneral

  1. TexasGeneral
    Crews are putting up orange construction barriers around the property right now.
  2. TexasGeneral
    Reminds me of SunTrust Plaza in Atlanta.
  3. TexasGeneral
    Very unique design. Will be an interesting addition to the skyline.
  4. TexasGeneral
    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.
  5. TexasGeneral
    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.
  6. TexasGeneral
    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.
  7. TexasGeneral
    Anyone know how leasing is going with this one?
  8. TexasGeneral
    That Target is so out of place. Hopefully they will sell out at some point.
  9. TexasGeneral
    Hopefully this building will obscure some of the views of the Astoria.
  10. TexasGeneral
    Looks like the "white" is actually what was intended. This is by far the ugliest building in Houston.
  11. TexasGeneral
    Interesting that this brochure says "Thor Equities has started development .... [on this project]. Perhaps a distinction to be made between "development" and "construction"
  12. TexasGeneral
    Counting floors on the office tower - it looks to be about 45 stories including parking.
  13. TexasGeneral
    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.
  14. TexasGeneral
    The first one may be Porter Hedges. I bet the second one is Andrews Kurth.
  15. TexasGeneral
    If you can't name names - how many lawyers does this firm have in Houston? How much space are they currently leasing?
  16. TexasGeneral
    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.
  17. TexasGeneral
    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.
  18. TexasGeneral
    Will be nice to see some cranes above the Med Center skyline again with this project along with Texas Children's.
  19. TexasGeneral
    By the way - Phase II of this project has been postponed indefinitely. Kiran's was scheduled to move out of their space to allow for the demo of the low slung office buildings abutting Westheimer, but just had their lease extended for 2 years, so they are staying.
  20. TexasGeneral
    There is a tower crane base on site now. Don't have a pic.
  21. TexasGeneral
    That pool is the best thing going for this project....
  22. TexasGeneral
    There is a construction fence going up and demolition has begun. Several bulldozers on site. Parking lot is all ripped up.
  23. TexasGeneral
    These places are mostly for people who work downtown. If I work downtown and wanted to live in a high-rise, I would live downtown. I go shopping about 3 times per year, I go to work 5 days a week. For people who work in the Galleria, living in the Galleria makes more sense. It's all about the commute.
  24. TexasGeneral
    This project is a prime candidate to be scratched. Too many high-rise MF going up, equity harder to come by, all other high-rise MF projects are over budget, oil prices are in freefall, weakening economic growth, etc. etc. etc.
  25. TexasGeneral
    I think we will start to see more projects get canceled or delayed, especially so given the dramatic decline in oil prices. Probably a good thing that MF development takes a deep breath.
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