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CREguy13

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Everything posted by CREguy13

  1. CREguy13
    Not sure how this flew under the radar, but on the 609 construction cam it looks like they already poured part of the mat.
  2. CREguy13
    It just depends on how the market reacts when all of these MF units deliver, but I agree that we are on the same page.
  3. CREguy13
    I didn't suggest that high-end luxury retailers would leave - I think ROD and Uptown Park will flourish and be the luxury niche that part of town needs. I'm just watching the trend and predict that many retailers will open up new stores downtown. The New York conversation is moot, because no city will ever be a New York. I'm simply following where the money and investment is headed, along with increased foot traffic.
  4. CREguy13
    Eventually, the majority will be retail. I would bet that most of these leases are no longer than 5 years.. retail follows residents. It makes sense for Midway to have restaurants now, because there are thousands of workers for lunch/dinner crowds throughout the week. It also makes sense for Midway to keep these leases short-term, so in a few years they can swap in new tenants if demand is created from the influx of hotel rooms and downtown residents; barring any renewal rights from existing tenants of course. My guess is they will start being selective for new tenants in the next 12 months as a number of units start to deliver. My long-term prediction is that existing galleria-area tenants will either open second locations or close their doors and relocate downtown/midtown. So many people (outside of millenials) are wanting to move inside the loop and be closer to the core. The market should follow.
  5. CREguy13
    I really like that vantage point.
  6. CREguy13
    I could be very wrong.. But I imagine that there is plenty of future growth opportunities for GreenStreet similar to Alessandra. To have that superblock in the heart of downtown and the eventual Dallas/Main retail corridor, just doesn't really make sense to be a low rise. There's too much long-term revenue that would be wasted. Nobody knows how the market will react when all of these apartments come online and the foot traffic increases outside business hours. My guess, is that Midway has their eyes on certain retail pads along Dallas that down the road they would demolish and build upward, while maintaining retail and restaurants on the lower levels. I would think some of the tenants on the Dallas St. side have in their leases (or will in their next renewals) that Midway obtains the right to terminate the lease early or that no more pref. rights on that space will continue after the existing term. Depending on how the downtown living market changes over the next 5-7 years, I think we could see this change with either new Multi-family apartments, condos, or additional hotel components in GreenStreet. Office is less likely with the disconnect to the tunnel system. Again, I could be wrong, but just my two cents on this topic.
  7. CREguy13
    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.
  8. CREguy13
    The Chronicle building is on sale, and will be demolished.
  9. CREguy13
    They're pouring right now.
  10. CREguy13
    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.
  11. CREguy13
    Williams tower is classic Hines and a timeless building, no one argues that. Amegy's building will be a very modern Hines development that aesthetically will be different than other buildings on the West Loop. I believe it will really stick out when heading southbound on 610, but again this is just my opinion.
  12. CREguy13
    Although the rendering has yet to be released, I will echo what others have said on this forum. This will be the best looking building on the west loop, and is the dream team for Dev/architect/GC. I've been told from an anonymous source that the construction will commence the beginning of December. It will be an outstanding addition to the surrounding area.
  13. CREguy13
    Live, Work, Play. CBD, Galleria/West Loop, Bltwy 8/I-10, future PMRG development at former Exxon Chemical at Highway 6. Incredible
  14. CREguy13
    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.
  15. CREguy13
    Crane is going up. The area is getting dense with tower cranes.
  16. CREguy13
    It really is 20 floors, I will try and get my hands on a rendering.
  17. CREguy13
    I will try and find out more information, and report my findings.
  18. CREguy13
    Many apologies, I was replying to the post prior to mine about Camden. It was off-topic and my post does not relate to this discussion. Many apologies, I was replying to the post prior to mine about Camden. It was off-topic and my post does not relate to this discussion.
  19. CREguy13
    It was right at 20 stories and the design reminded me a lot of the Marquette multi-family project. Camden's is more rounded at the top, but very similar. Sorry for posting off topic.
  20. CREguy13
    I saw the updated renderings for Camden's project a few weeks back. This forum will love it.
  21. CREguy13
    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.
  22. CREguy13
    Per the 609 main construction cam, the parking lot is currently being excavated.
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