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HNathoo

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Everything posted by HNathoo

  1. HNathoo
    starbucks would’ve loved to be on that corner. They want to be in the neighborhood, but are having a hard time finding a site that would pencil out. The land has gotten too expensive.
  2. HNathoo
    crew were out there today clearing the building. Pretty quick turn around from permit to demolition.
  3. HNathoo
    Plumbing Demo Permits pulled yesterday:
  4. HNathoo
    While he’ll enter negotiations with people, i firmly believe he just wants to feel good about what his property is worth. My guess is as long as the parking income he collects exceeds his property tax bill, this gives him something to do. It’s paid off and he’s not a real estate guy, so he won’t easily be able to find a replacement property to offset his taxable gains.
  5. HNathoo
    This is one of the most frustrating sites in Houston. Unlimited potential, but owner doesn’t have any motivation to sell. One day it’ll be an amazing high rise site with unblocked views of discovery green, sitting on the front door of the park bridge. Unfortunately, it’ll probably have to wait until the owners kids take over.
  6. HNathoo
  7. HNathoo
    This is all of block 251, and portions of blocks 275 and 276. HCAD currently shows ownership as MIPS Investments / MIPS Parking.
  8. HNathoo
    Wow - that building had some serious inner beauty.
  9. HNathoo
    The lubys site has new ownership. I wouldn’t expect those guys to be there too much longer.
  10. HNathoo
    Just got an e-mail blast that the property is back on the market. Oxberry seems to have bowed out.
  11. HNathoo
    Does anyone have access to the TIRZ minutes? I believe Lovett got some funds for sidewalk improvements for 3-4 of their projects in Eado.
  12. HNathoo
    RevPAR (revenue per available room) has been pretty awful in Houston since the last oil bust. We added a ton of supply since then, and demand hasn’t picked up enough to offset it. These boutique brands are probably relying heavily on a condo concept to bring in enough money to offset the relatively low hotel revenue they might generate. Austin is a hotel market that can frankly never get enough rooms. The demand there is unbelievable, especially in the urban areas.
  13. HNathoo
    That’s a tough site to develop without some significant variances - you lose ~15k sq ft to setbacks on an already very tight site.
  14. HNathoo
    They seem to be doing it again on Almeda. That street is prime for big things. They do seem to have a great eye for real estate.
  15. HNathoo
    Game-changer
  16. HNathoo
    JLL is showing 3017 Milam as under contract. Seems like a great multi family site - I wonder if this is the site they have. https://www.loopnet.com/Listing/3017-Milam-St-Houston-TX/14605936/
  17. HNathoo
    There will probably be much less resistance within the MPNA by then. The organization seems to be mostly made up of retirees.
  18. HNathoo
    I thought I saw Bouchon for a second and got really excited. One day...
  19. HNathoo
    This is exciting- I think this area will density rather quickly.
  20. HNathoo
    Site work in progress
  21. HNathoo
    I believe this is a restaurant/entertainment concept:
  22. HNathoo
    This will probably get settled prior to foreclosure. $2.9M isn't a ton of money relative to the project size.
  23. HNathoo
    Houston may get it's own version of Wriglyville
  24. HNathoo
    I've heard Amazon will be leasing a Macy's building (possibly this one) for something distribution related.
  25. HNathoo
    Yeah, I would imagine they would probably lose those historical tax credits if they altered the color of the brick.
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