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HNathoo

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Everything posted by HNathoo

  1. HNathoo
    Wow, this is the second time Alliance has picked up a piece of dirt from the COH and flipped off a piece to another developer. These guys seem to know the system pretty well.
  2. HNathoo
    That's pretty impressive. Dallas and Atlanta are on a roll that seems to far exceed the other US metros.
  3. HNathoo
    OrangeStone Capital sold this to Public Storage. It'll be a gigantic self storage facility.
  4. HNathoo
    I've heard CVS and sprouts for months now, but I'll believe it when I see it.
  5. HNathoo
    Taken from NextDoor: Update Re: EADO Grocery Store Traci Jack from EaDo · 21m ago Hi Neighbors, I received the following from Councilman Gallegos' office when I inquired about efforts to bring retail, a grocer specifically, to EADO: We’re fully committed to bring a quality grocery store to the area. We’ve actually had numerous discussions about the former Finger property at Cullen and 45 as a possible site. However, the only retailer that has expressed interest in the last two years – the only grocer that could make that EaDo site work, based on a number of metrics grocers use – was Walmart. In fact, we held a couple of meetings with area stakeholders, including leadership from both EaDo and Eastwood, and hoped that we could finalize a deal. Unfortunately, late last year Walmart determined the Finger site was no longer feasible. We are working with Lovett Commercial (owner of the Finger site) and the city’s economic development office to find another suitable grocer. Once that has been done we can look at incentives the city could offer (if necessary) to make the site more attractive. As you may know, just last month the city used federal dollars to lure HEB to a site off 288. For that deal, the city purchased the site using federal EDI (Economic Development Initiative) funds, will turn it over to the Housing Corporation and they, in turn, will sublease the land to HEB. HEB will fully fund the construction of the store. EDI funds are restricted to certain areas of town, and unfortunately Cullen at 45 is not in the EDI zone. To give you some perspective on how complex these arrangements are, the HEB deal was in the works for over two years. We completely agree with you, residents should not be having to drive across town to find a grocery store. We have not given up, and Councilman Gallegos is determined to bring a quality grocer to the community. Thanks again for the message and for your support on this matter. If you could like to follow-up send an email to his Chief of Staff:Daniel.Santamaria@houston.gov
  6. HNathoo
    There is no way they can sell this land for anything close to what they paid. Maybe this project comes back around in 10 years after they've written this down/off.
  7. HNathoo
    I believe the signs on that site stated that it will be a 100k sq ft self storage development.
  8. HNathoo
    I heard this was a laydown site for a job in downtown. I don't think anything is happening here, but I can't confirm.
  9. HNathoo
    The Hampton was a new build hotel that received plenty of subsidies from the COH (Hotel occupancy tax rebates) The Marquis received even more subsidies than the Hampton - I believe the city donated the land in addition to occupancy tax rebates. The Le Meridian, Aloft, and JW Marriott all got historical tax credits that made the projects feasible. I believe there was some additional occupancy tax rebates as well. The Holiday Inn was probably the only project that got built in downtown without heavy subsidies, but the project was about half the size as the Sheraton project, making it a bit easier to find a lender willing to stick their neck out. The Sharaton guys want to put up a new glass curtain wall on the building, which will probably add about $5M-$10M in cost to the project. Without significant credits or subsidies, I don't think this project will pencil out for any lender, especially in the current Houston economy.
  10. HNathoo
    I know one of the guys that is a part of the ownership group. They definitely would like to get this project off the ground, but financing is almost non-existent. It's hard to get a hotel development loan in Houston, TX right now. The cost of tearing this thing down is prohibitive as well. I think you should expect to see this eyesore for the next few years.
  11. HNathoo
    Wow - they did a great job with this development, but the COH needs to step up their game on the streets.
  12. HNathoo
    Does this mean they've submitted plans for permitting?
  13. HNathoo
    Wow. Where would our skyline be without Hines?
  14. HNathoo
    I've heard a few grocery tenants were looking in the area. This would be a great location.
  15. HNathoo
    It's pretty simple. Most developers know what they're doing - these guys don't. With that being said, I really hope they do succeed, as this would be a game changer for the area.
  16. HNathoo
    It probably means no GFR, which would probably be a reach for this area anyway.
  17. HNathoo
    There is a thread about this within the downtown section of the forum. Seems like a surface parking lot.
  18. HNathoo
    Pretty excited about Eataly and Bouchon Bakery - hopefully, they'll have success and lead to a full service Bouchon Restaurant.
  19. HNathoo
    Updated leasing flyer showing Rodeo Goat, Agricole Hospitality, and a Distillery.
  20. HNathoo
    The building was designated a historic structure, and will be salvaged. TXDOT had to adjust the road around this building.
  21. HNathoo
    Does anyone know the price they're paying to acquire these sites? It seems as if it would be information available to the public.
  22. HNathoo
    They're hosting a fairly sizable event next week - don't know how they'll be ready to do so. I'll post some pics.
  23. HNathoo
    The development closer to 59 is eado point by cityside homes. Lots of town homes.
  24. HNathoo
    I highly doubt the same group is working on this project. The days inn group is mostly hoteliers.
  25. HNathoo
    Wow, I could imagine the Exxon building looking like the building on the left as a residential project.
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