AREJAY

http://www.bizjournals.com/houston/morning_call/2015/11/exclusive-new-details-revealed-for-first-micro.html

 

The units will feature luxury finishes, a balcony and transformable walls and furniture, such as Murphy and wall beds, a coffee table that turns into a desk, a bookshelf that disassembles into chairs or a mechanical dining room table that collapses into the floor.

 

“This will change the way Houstonians live,” said Brandon Vos, a Re/Max Inner Loop real estate agent and marketing director for Ivy Lofts. “This is a more efficient way to live. There’s no wasted space.”

 

Prices start from $119,000 for a 300-square-foot loft. The larger units — 700-square-foot units and above — will start at $375,000.

 

Ivy Lofts also will offer several building amenities, including a residents lounge, a rooftop courtyard and dog park, glass-walled fitness center and yoga room, and rooftop pool with a wet bar, in-water seats, sun-tanning ledge, barbecue grills and a view of downtown Houston. The building will feature eight floors of podium parking.

$400-$535 / sqft, plus HOA fees.... no thank you, not for me.

 

Novel Creative Development has started to redevelop a warehouse on the site into a 10,000-square-foot sales center with four completely furnished units. The $600,000 sales center is expected to open in April.

 

“This was important since this concept is so new to Houston,” said Jason Franklin, a Re/Max Inner Loop Realtor who is consulting on the project. “We didn’t want to leave anything to the imagination. We want people to test this.”

 

Re/Max Inner Loop, which is marketing and selling the units, expects to sell all 550 units within two months after the sales center opens. Novel Creative Developments plans to break ground on Ivy Lofts in June 2016, with delivery expected by the end of 2018.

 

I wonder what the ballroom will looks like?

My bet is that it looks strangely like a casino floor...

Please excuse the crappy rush-hour, out-the-window, drive-by picture, but here's the progress as of yesterday.

At least you can get a good view of that corner they had to notch, just for that billboard to exist. 

I still don't get it...

 

 

Micro-units are typically less than 500 square feet and are geared toward a younger, single person. To make up for the small square-footage, the units have built-in storage space and are traditionally located in highly sought-after areas in the city.

East of downtown, desirable, sure... but mostly due to it's affordability and proximity to downtown.  This project would make a lot more sense in uptown, downtown, med-center, etc. places that aren't quite affordable to their target demographic. 

This is now 40% sold.

http://www.bizjournals.com/houston/news/2015/10/26/luxury-condominium-units-selling-fast-in-the.html

 

Two luxury condominium towers in the Galleria area have sold nearly half of their units despite being months away from completion.

Pelican Builders Inc. recently announced it has sold more than 40 percent of The Wilshire at River Oaks, a 17-story, 96-unit condo towerat 2049 Westcreek Ln. The Wilshire broke ground Aug. 4. An on-site sales center opened in late April.

https://oeaaa.faa.gov/oeaaa/external/searchAction.jsp?action=displayOECase&oeCaseID=268616820&row=369

Crane may be going towards the beginning of November, with a work schedule from 11/09/2015 to 04/09/2017. 

It has a few hints of the Taipei 101 tower 

You guys...

What if this is a ploy to get the NIMBYS to realize that the Ashby high-rise really isn't that bad. 

Looking at the permits, looks like there are 4 separate building going up? 

Foundation / Sitework - $ 3,500,000

Garage - $ 1,899,975

Building 'A' - $ 6,310,821

Building 'B' - $ 6,369,121

Building 'C' - $ 2,376,442

Building 'D' - $ 4,543,640

My guide to this development: if monarch is excited about something, then it's definitely something I have never heard of.

Haha, and to add to that, likely something that I cannot afford.

Slightly off topic, though something I think is interesting...

While viewing the site on google's most recent street view, the smoke from Axis apartment fire last March can be seen from Ashby street. 

the street name, ASHby, coupled with the smoke in street view and the angry NIMBYs is a pretty ominous sign.  

Don't get too excited

 

too late! 

Am I the only one that hasn't heard of any of these stores before? 

I have limited information, but looks like this one is underway.  The plans were approved for permitting on 09/22 

Hey guys,

Wasn't sure where to put this, so please move if it's in the incorrect place.

I was browsing recent permits in my zip code and came across what looks like permits for a new apartment complex:

Which appears to be on this 3 acre plot for sale:

http://www.read-king.com/property/frankway-braeswood-blvd

So my questions to you guys are, how can I find out any more information on this project? Does the fact that permits are going through mean that these apartments are being built? Do you guys have any other means to dig up some more information?  Do the numbers within "NEW APARTMENTS 1-5-3-R2-A (MASTER OF 5) 100% SPR 2006 IBC" hold any information? 

Thanks, this is mostly for my curiosity's sake. 

So far I have found the builder, Allen Harris as well as a small blurb that it will be "284 units of urban mid-rise apartment homes" to break ground in May 2016

http://www.allenharrisonco.com/allen-harrison-2015-summer-update/

http://www.click2houston.com/news/new-highend-shopping-destination-set-to-open-near-galleria/35565566

Haha, just about every one of the 52 comments so far are negative... 

http://www.houstonchronicle.com/business/real-estate/article/PM-Realty-pushing-ahead-on-Midtown-residential-6535646.php?t=85ba5aa965&cmpid=twitter-premium

 

Documents recently submitted to the city for the new residential project refer to it as "high-rise apartments."

Gregory said size of the building has not yet determined, nor has a construction schedule.

"This is a project that's ultimately going to deliver multiple years from now," he said.

 

 

He expects the project to be completed when the economy is in better shape. With many developers now pulling back amid the fallout in the energy industry, "we definitely believe bringing a product to market in the next couple of years is a good time," Gregory said.

http://fuelfix.com/beaumont/2015/09/28/energy-transfer-to-buy-williams-in-37-7-billion-deal/#35602101=0

Another name change looming? Energy Transfer Tower

It'll still always be the Transco to me...

http://blog.chron.com/primeproperty/2015/09/texas-medical-center-moves-forward-with-ambitious-research-project/

 

“It’s been unanimously approved by our board and it’s moving very quickly,” McKeon, executive vice president, chief strategy officer and chief operating officer of the Texas Medical Center, said at an investor conference hosted by Midway, at Hotel Sorella in CityCentre.

 

A “collaborative development agreement” is expected to be completed soon, he added, and groundbreaking could start in the first quarter of next year.

 

 

“All in all, it’s about a $2 billion play,” McKeon said.