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democide

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Posts posted by democide

  1. Things have been quiet, but I'm sure things are moving behind the scenes.  I mean the brochure for this building was released so the intent to build it is there.

     

    Also, don't forget that this building does not have to be 100% pre-leased before it is constructed.  Typically, you only need about 50% to move forward; that's the threshold.  You also need a good sales team to lure in a tenant or two to move in, and I just heard that Occidental Petroleum is splitting and moving its headquarters to Houston!  Just out of nowhere, this happens!  This is a great corporation and opportunity to lure them into downtown.  Right now, they have their offices at Greenway Plaza, and they may decide to stay there, which is fine.  But still, the company may be evaluating their HQ location in Houston as they plan to split and relocate from California, you never know.

     
  2. Official or not, this is one ugly hotel, but from what I read on here it will be a cheap (perhaps even the cheapest) hotel option in downtown.  I like that type of honesty so alright.  But I wish they imploded it along with the building on the right (Days Inn). 

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