Jump to content

CREguy13

Full Member
  • Posts

    548
  • Joined

  • Last visited

  • Days Won

    6

Posts posted by CREguy13

  1. Not to be argumentative, but I think that there are still a ton of positive things happening, despite low oil prices.

     

    I am hoping Capital Tower gets built still. 6 Houston center & International Tower (1 Market Square) seem dead.

     

    Skanska will build their building, because they have the capital; it will just be a waiting game.  Don't give up on 6HC, remember they were going to go spec in the summer.  Although not many, there are still a couple 300k RSF + tenants in the market right now.  My bet is these tenants will cut a deal to renew where they are, but you really never know how aggressive JLL may be to get the deal done.  6HC probably missed the wave, but don't rule them out just yet, because their ARE tenants still looking.

     

    International Tower is dead, and has been for some time now.

    • Like 1
  2. I would imagine that the Mayor and her team require all new construction along the Dallas corridor to have retail.  I don't know which lot was sold, but i CAN rule out block 251.  I recently had the conversation with an anonymous source that the owner rejected an offer of $450/SF; which is unheard of for land sales.

    • Like 1
  3. BG quotes $36/SF on a 'net' basis.  When factoring in Operating expenses, the building is just over $50 'gross'.  Some are projecting the building will quote $40-42 Net, which will be a record for Houston.

    • Like 1
  4. I think what you may see is a mini-condo boom downtown in the upcoming years.  Right now, it still isn't an easy sell to buyers to move when there is such a lack of retail and street level activity.  Once all the rental units deliver, retail will pour back into the CBD, and it will demonstrate that downtown is a living, dining, and playing destination.  Then I think Condo-developers will head to the drawing boards, because there is less risk and the area is proven.  Maybe I'm alone on this one, but that's how I see the process playing out.

    • Like 5
×
×
  • Create New...