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kbates2

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Everything posted by kbates2

  1. kbates2
    Disagree on the glass walls. I think normal windows make for a more flexible home and I like some various finishes besides all buildings being curtain walls.
  2. kbates2
    While we have a number of parks, many of them are over-programmed as is and so adding more could spread that programming around. Market Square Park basically only opens their lawn for events now which sucks if you want to just enjoy it as a neighboring resident. With a few less events (and maybe smarter programming) they could leave it open more of the time.
  3. kbates2
    Did you guys notice the plans to put a beer garden on the roof? I got to see the renders, if it happens, it will be pretty awesome.
  4. kbates2
    There are no parking minimums in downtown. The dirt is expensive. Standalone parking garages are being built all over the place.
  5. kbates2
    So this wouldn’t just be that lame 30 day barrier?
  6. kbates2
    That would be devastating.
  7. kbates2
    I don't think that this would be anything constituting a crime. The 32% return seems to be based on a 5 year investment, so we are really talking about 6%+ returns a year. Still, my understanding is that the real estate market is based on full project returns, which this would seem to be, and cursory internet searches tell me that 18%+ returns on projects are opportunistic and thus a gamble if that is what you are banking on. Telling somebody that you are shooting for super high returns usually isn't a crime. Ponzi schemes and the like are a result of people covering up for these promises by using others monies to pay that gain while continuing to make absurd promises. If they showed investors false financials claiming that they regularly receive those type of returns, that would be where the crime comes in. My assumption is that 32% IRR does happen, it just is an exception - not the rule. If I was going to invest in this, I would want to see how they expected to achieve that based on prior performance.
  8. kbates2
    Not too familiar with the industry averages but typically, if I see higher than 15%, it starts to raise questions. 32% is probably double what they can expect. Internal rate of return btw.
  9. kbates2
    The 32% IRR.
  10. kbates2
    If they go with this concept but build a couple of residential high-rises in the surface lots, this could be amazing. Unfortunately I think that the residential would need to come online at the same time or before for this to truly be successful.
  11. kbates2
    This actually reduces your interaction with others. I have been to several buildings with this kind of check-in and you usually scan your badge then ride up an elevator with maybe one or two other people.
  12. kbates2
    It has one real thing going for it; it is walkable to Bubba's.
  13. kbates2
    I think the Texaco building did this for a bit. At least Camden is telling prospective renters before-hand that there may be hotel renters there. Definitely can change the feel of your home if you have single-night renters there all of the time too.
  14. kbates2
    Not to crap on the recently deceased, he has some amazing work in his portfolio, but I don't think that a child of those towers should be celebrated. To me both of those towers are unattractive. If this was a drive-through bank in function that was a few miles outside of downtown, I might feel differently.
  15. kbates2
    Looks to me like it was finished at one point but the windows were bricked over when the garage went up. I think the brick just is painted?
  16. kbates2
    Disagree. Those would need a larger subsidy than the high-rises. I’m glad we got something to build a neighborhood downtown instead of a bunch of homeless facilities.
  17. kbates2
    Our definition of locations doesn't matter, it only matters if the Aquarium considers it one or two locations. If they call it a location on their website, that makes it true.
  18. kbates2
    Clearly doesn't count.
  19. kbates2
    Unfortunately the majority of our buildings were not designed with the ground level pedestrian interaction considered. I think they may do this in a number of old buildings to try to liven them up.
  20. kbates2
    Yeah but the nuance man.
  21. kbates2
    I thought it was announced as a done deal? It says they went with the Chevron offer over Occidental.
  22. kbates2
    There will be layoffs for the reasons Triton suggested. There will also be a few years at the least where they keep the two offices. At some point, I believe it is likely that they will want to consolidate. I only say that because that has tended to be the trend with the major E&P companies of late. The building would take a couple of years to build and would probably get some new design/engineering done anyway. I doubt that even if consolidation were the plan that we would hear anything for another year and then they would be 2 - 3 years out from moving anyway.
  23. kbates2
    Knowing what a POS I am for even bumping this, the news below could be a pretty good sign for this building: https://www.chron.com/business/energy/article/Chevron-to-buy-Anadarko-in-33B-mega-deal-13762129.php
  24. kbates2
    Thanks Tex that’s great.
  25. kbates2
    The Eastside blooming would only serve to make the location of downtown more meaningful (being the center of so much as opposed to the edge).
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