Jump to content

The New Juniper

Full Member
 View Profile  See their activity

  • Posts

    292

  • Joined

  • Last visited

 Content Type 

Everything posted by The New Juniper

  1. The New Juniper
    The Manhattan II and Empire are the same building. Empire is just an evolution by Ziegler Cooper. I do not believe much has changed from initial design.
  2. The New Juniper
    The duck pond is protected by a restrictive lease back to the City for the next 24 years. It won't be going anywhere....at least until the lease expires. The WaterWall will also remain as it has become as much of a landmark as the building which it accompanies. Master Developer/Promoter Randall Davis has done it again. You guys should see the model they have of the building. It is going to be beautiful! I have heard rumblings, however, that someone is looking to develop the empty parcel just Northwest of the Empire. Currently it is owned by Simon.... All in all, I think the project is great.
  3. The New Juniper
    The Club Quarters should be finished in another 6 months. Certainly in the running for the longest development/construction period of all time. I understand they have parking issues, but don't know that for sure. The second Renaissance for downtown, again as I understand it, is not going to happen, at least in the near future. Hope this helps. TNJ
  4. The New Juniper
    Thanks for info. I keep hearing the rumor mill circulating info that the property will have to be sold.
  5. The New Juniper
    I know this topic has been discussed in the past, but I'd like to revive it one more time: I have read reports, news stories, etc. wherein "experts" claim that there is demand for one thousand + permanent residences in downtown Houston. If condos could be sold for less than $300 - $350K, is it feasible to believe that a developer could sell 300 units? Seems like a stretch to me. Although, I believe bringing at least that many permanent residences to downtown is what we lack to really push us over the edge to an actual "neighborhood" and not just a CBD. Any and all thoughts/input is appreciated and welcomed. TNJ
  6. The New Juniper
    Couldn't agree with you more. The prices of steel and concrete have gone through the roof in recent months (and years) making new construction (at least high rise construction) even more expensive than usual. Providing a product that is less than $300,000 per unit, but bigger than 500 square feet, is almost impossible. Hopefully, despite interest rates rising (if they in fact do), there will be a market for "affordable" housing. If there is, i think you will see movement. The New Juniper
  7. The New Juniper
    Unfortunately, I think too many people can say the same thing. Great hotel, crappy market.
  8. The New Juniper
    First, Randall Davis owes you a check. Some very good points made on this thread. Commerce is not selling very quickly. However, remember, the owner of that project is very wealthy and it is not that important to him that they sell. In other words, this building will not go back to the bank if it takes another couple of years to sell. I am a huge proponent of bringing affordable living to downtown. IMO, affordable means $400,000 or less. My guess is, you will see at least 100 units in this range on the market before the end of the calendar year. In fact, I know this to be the case. In any event, we need much, much more. Unless and until we get sustainable retail in downtown, housing will suffer. Chicken and the egg I realize, but it needs to happen. Despite rising interest rates, I think Downtown has tremendous pent-up demand for affordable housing. Where else in the US (major metropolitan) can you OWN for less than $300K? It is a very risky play, but I think a mixed use project in downtown could make it. In development, no one wants to be a pioneer. All that you do in that case is pave the way for the next guy to make money. However, it needs to be done and hopefully will be in '05. Fingers crossed everyone.
  9. The New Juniper
    Only saving grace. Should be nice.
  10. The New Juniper
    Does anyone know what is going on at the Fluor Daniels site at HWY 6 and 59? if anyone knows facts about the site, please post. Thanks. Juniper
  11. The New Juniper
    Hotel Icon is the nicest hotel I've ever stayed in.
  12. The New Juniper
    Can anyone enlighten me as to the status of the Magnolia? I have heard that it is for sale, which would not be altogether surprising to me, given the state of affairs. Info most appreciated. Juniper
  13. The New Juniper
    Is 3333 still up on the block? Any information most appreciated.
  14. The New Juniper
    We have tried to buy the building numerous times. I know of at least four other groups that have tried to buy it. Seller is crazy European who wants WAY too much for it. It is a blight on the neighborhood and a shame that the seller continues to hold it.
  15. The New Juniper
    Building a hotel in downtown Houston is financial suicide.
×
×
  • Create New...