atomant411

Just announced plans for a second tower.

 

http://blog.chron.com/primeproperty/2014/09/developers-propose-second-downtown-residential-tower/#21137101=0

 

does anyone know if any retail space has been leased yet?

 

 

Nothing has been leased yet to my knowledge. I can ask the leasing office the next time I catch them open.

For anyone that is curious, they started moving residents in today.

More from facebook today:

 

 

 

 

Any word on move ins?

I thought that the original target was June 1. Revised target? Or , are folks already moving in?

End of this month is when folks start moving in. There were some additional delays that pushed everything back. But this is supposed to be the last delay.

From their facebook page yesterday:

 

22nd floor facing west/south:

 

 

 

 

 

Views from the northeast sundeck:

 

 

 

You can't compare with Belfiore, which is a condo. Unlike apartments, condos require a high pre-sales percentage (would guess in the 40's or 50's these days) to get their construction financing; so developers spend a lot of money in pre sales before breaking ground.

On the other hand, apartments typically start preleasing only a few months before opening the first phase. In my experience, 25% prelease is actually quite high. Most apartments open with only about 20-30% of units available, so at 25% they are pretty much "sold-out" for phase 1.

 

 

It probably also has to do with the construction delays.  I know when I first pre-leased back in January/February they were shooting to have the place open no later than June 1.  With the high demand for rental space, I know a lot of places weren't doing month to month lease extensions, so there were probably at least a few people that had to find somewhere else to live when the building wasn't ready on time and their current lease was expiring.

How much is the rent for the cheapest one?

 

The cheapest available unit according to the leasing website is a 621 sq. ft. studio at $1,390.

Isn't it a 24-story tower?  That's what all the information I can find indicates, including the title of this thread.  ;-)

 

 

I'm dumb,  I don't know where I got in my head that it was a 25 story tower.

I wonder why they posted such old photos. The Skyhouse roof has had glass for a while... taken today:

 

 

 

They posted these to facebook Thursday of last week, along with a few other almost complete interior common area shots.

 

https://www.facebook.com/skyhouse.houston/posts/651823048225425

 

The glass went in sometime between then and Saturday afternoon when I drove by it on the Pierce Elevated.

 

They also posted yesterday that the "rooftop" tennis court is done, but it's actually on the roof of the parking garage. I am curious what the top floor will be used for, though.  The last residential floor is the 23rd, and the pool, gym and common areas are on the 24th, but it's a 25 story tower.

For anybody that's interested, the move-in dates have been delayed again.  Now they are looking to move the entire building in starting the second week in July.  Apparently had a few more unforeseen construction delays, but are close to completion now.

Any idea what the pre-leased occupancy percentage is?

 

Couldn't tell ya.  I put a deposit on a unit right after the leasing office opened back in January.  They'd only been open for a week or so at that point, but the leasing agent did say they were getting one or two deposits a day right off the bat.  I imagine that rate has increased as the building nears completion.

 

You can go to their website and look at the available units and get somewhat of an idea of how full each floor is by looking at the first couple numbers of the unit.  I want to say my floor was about 60-70% leased when I looked at it about a month ago.

 

Will be interesting to see if the pre-lease numbers drop after the building comes on line, because I know when I put my deposit down I was given the option of cancelling my reservation and getting the deposit back once I get a chance to actually look at the unit.

When is this supposed to open? Will the retail open at the same time?

 

Move-in date for the lower half of the building is planned for June 1, with the upper half moving in July 1.  No idea about the retail, but I do know that in other cities where SkyHouses have gone up, the retail has filled in after the building was officially open to tenants.