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hindesky

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Everything posted by hindesky

  1. The second tower crane is coming down at the Ralph O'Connor Science building.
  2. Track hoe just showed up so work will be starting soon.
  3. Construction fencing is up on the southern lot, all the vegetation is down. North lot already had a fence but they are tearing up the old concrete parking lot.
  4. A contractor is doing the gas disconnect at the Women's Center. I think this project is going to start very soon.
  5. They have started paving Hawthorne and it's creating very heavy traffic while they close down lanes on both Montrose Blvd and Hawthorne.
  6. A friend of mine is a traveling surgical tech who works at Methodist more than anywhere else. He took this shitty pic.
  7. Vero Sade must have done a press release because the Houston Chronicle also has a story about their projects. "A Houston-based development group has acquired prime sites in Houston and other cities for multifamily developments, including proposed projects in the Montrose and Heights neighborhoods. Sade is also chairman of Sade Capital, a company specializing in multifamily and other assets. Daniel Bassichis is co-founder of New York and Texas-based Vero, formerly Admiral Capital Group, where he partners with retired San Antonio Spurs star and Basketball Hall of Famer David Robinson on investments that create value and make a positive social impact." https://www.houstonchronicle.com/business/real-estate/article/Houston-developer-announces-2B-pipeline-of-17475225.php#photo-22986376
  8. Sizing up Vero Sade’s Houston multifamily pipeline Houston-based multifamily developer Vero Sade has $2 billion in projects in its development pipeline spread across Texas and Florida. The company, which was founded just a year ago, has residential developments planned for Dallas, Houston, San Antonio and Orlando, totaling 4,500 units. Braving economic headwinds and rising property tax bills, Vero Sade is a part of a wave of multifamily investors going all in on Texas and Houston. So far, the firm’s Houston acquisitions are all focused on inner-loop properties, including a $130 million mixed-use development project, according to a filing with the Texas Department of Licensing and Regulation, first reported by Community Impact. Construction on the 850,000-square-foot project will start in November 2022 and is expected to finish in February 2025. The development is located in Houston’s Montrose neighborhood adjacent to the Museum District at 3615 Montrose Boulevard on the site of the former Bacco Wine Garden. The development will have a 36-story, 369-unit apartment building with 369 units and a 10-floor parking garage over a single floor of the residents’ entry and 5,000 square feet of retail. There will also be a 12,000-square-foot “amenity space” on the 11th floor of the apartment complex Vero Sade’s other Houston Montrose acquisitions include City Vista Apartments, a 404-unit, wrap-style apartment at 2221 West Dallas Street, a 2.25-acre lot across the street from the West Alabama Ice House, and an empty lot at 911 Kipling Street near the Menil Collection and Rothko Chapel. The firm has also acquired a 2.25-acre lot in Houston’s Heights at 1180 W. 18th Street. Vero Sade also picked up 3700M on McKinney Avenue, a 21-story apartment with 381 in uptown Dallas. The $100 million project was developed by Forest City Enterprises and completed in 2018, according Dallas Morning News report. In San Antonio, Vero Sade has acquired a 20-acre site at 4700 N. Loop 1604 E. and an 18-acre site at 1869-1863 FM 1103 in the suburb of Cibolo. https://therealdeal.com/texas/2022/09/28/sizing-up-vero-sades-houston-multifamily-pipeline/
  9. Several tower cranes were severally damaged during hurricane Ian in Florida. Some lost booms and one went over completely.
  10. From the Biznow article....... "Amid climbing rents that have priced young professionals out of vibrant urban environments, a residential development subsidiary of Dallas-based Civitas Capital Group is set to break ground on a co-living project that matches renters with roommates and offers amenities from gaming lounges to yoga studios in a sought-after locale: Houston’s hip Montrose neighborhood. The Shelter Cos. is the developer behind Uniti, a 238-unit development set to go up at 701 Richmond Ave., the Houston Business Journal reported. The nine-story, 199K SF project will be the first of a number of such projects aimed at bridging the gap between stretched incomes and rising rents, per The Shelter Cos. website, which lists dozens of target markets across the country, from the Sacramento, California, metro in the West to Miami; Charlotte, North Carolina; and Washington, D.C., on the East Coast. The company is targeting renters paying more than 30% of gross income in rent, a demographic that includes 37.5% of income-earning households, mostly making between $40K and $100K annually. While the Houston project will have 238 units, it will offer 381 leasable bedrooms. Shelter Cos. will help line up roommates for the bedrooms, which will be configured in three or four-bedroom units with shared kitchen and laundry areas. “It saves them the hassle of having to find a roommate, and each resident signs their own contract, so they are not on the hook for anyone else’s rent,” Shelter Cos. Managing Partner and co-founder Mark Drumm told the HBJ. “We believe there is a market for renters who just got out of college and are used to living with roommates.” Uniti Montrose will also offer some micro-units of between 320 SF and 420 SF that will be smaller and about 10% to 15% cheaper than traditional studio apartments, the HBJ reported. In addition to a gaming lounge offering esports, shared amenities will include a sky lounge with an outdoor patio and a fitness center, a pool with grills, two clubrooms and specialty communal space on each floor, such as a yoga room. Drumm told the HBJ the idea was sparked by a tour of a co-living building in London four years ago. According to its website, the company hopes to take the concept national, but its primary target markets are all in Texas, including Dallas, Austin and San Antonio. “'Co-living' can be a scary word to some people, but this just made sense to us,” Drumm told the HBJ. “Young people have been priced out of apartment living in so many areas because the rents just keep getting higher, especially in hot urban centers." Co-living has been on shaky ground over the last few years. Though Common has thrived, companies like The Collective and Quarters have gone bankrupt as renters moved out of dense urban markets and sought more living space during the pandemic."
  11. So it's a Meek Partners design and includes 4000 sq. feet of retail.
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