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Fortune

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Posts posted by Fortune

  1. Place will have a bunch of competition with the 552 apartments that will be built across the street.

    Culturemap:

    If the rents are comparable, then I don't see any competition. This unique tower will win out over the project that is going up across the street which is townhomes and 8 story apartment buildings that looks exactly like a bunch of other apartment buildings that are going up.

  2. This is 100% office-based occupancy. The Renaissance pulls in some extra business with the church, Rice, and Qantas flight attendants (yum) but realistically this will be filled with business use. The site today is not used as a public space, and the corner, in general, could use some love. As someone who goes through there every day, I support this. My only complaint (if you could call it one) is that this isn't happening on the NORTH side of Richmond, which is a site waiting for a bulldozer.

    I agree that huge parking lot in front of that building bothers me every time I pass by it.

    • Like 1
  3. Yeah that grove is amazing. It's a large site though, plenty of room to build the hotel and keep the trees. Not that I expect that, but it's certainly possible.

    I agree it is a large site I don't see the 20 story hotel and the office building taking up that entire site especially since they plan on tearing down the 8 story building on the site. So maybe they will leave the green space or atleast some of the trees. Two buildings won't take up that large of a lot unless thy have very large footprints which I doubt.

    • Like 1
  4. Anyone think downtown and the Med-district could join too?

    It would require more highrise construction in Midtown... possible?

    I think so if Midtown ever gets any highrises. It's the perfect location for a residential highrise neighborhood with its city block layout. However all that seems to be developed in Midtown are mid rise apartment complexes, suburban shopping centers, and town homes. You would think with land prices as high as they are in Midtown that high rises would be built.

  5. Obviously there are neighborhoods in between that will never be torn down for high rises BUT, at the rate we're going, I think one day uptown and downtown skylines will merge, not as dense as new york or chicago but definitely enough that if you look at a panoramic pic one day, all the buildings will look "connected". The path is slowly being made from weslayan to kirby and along and up allen parkway into downtown...

    I totally agree. I just wish that more developers would build buildings such as this one instead of the 5 story buildings that are going up. I understand mid rises going up on the larger sites being developed but smaller sites like the cafe adobe site that Hines is redeveloping should be high rises.

  6. i've been waiting for an update that development but so far haven't heard or seen anything. they initally proposed a 6-8 story mixed use apartment complex... pretty sure there's a thread on it somewhere.

    It's very interesting when there is a property such as this one that has been planned for a long time and hasn't been able to get developed even when other projects have come online and been developed in a much shorter time. At one point in time prior to the economic downturn a residential highrise was proposed for that site then a mixed use apartment midrise. You would think with all the other apartment complexes going up they would have atleast been able to build a apartment midrise on the site.

  7. Would you rather that townhomes were built at 18 units/ac. around the light rail stations on $30 PSF land, or that dense midrises at 80+ units/ac. and eventually highrises get built around the light rail stations at $80 PSF? Land speculation has a vital role in the long-term future of our city. Just gotta be patient, let market forces to their work.

    Well it will be great when market forces start working and some midrises and highrises start going up in midtown.

    • Like 2
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