AREJAY

I searched and couldn't find anything about this proposal on the site. 1,025,000 sq ft residential and commercial luxury highrise with townhouses. Looks to be around 35 stories 

Address: 7703 San Felipe

Design by estudio architecture 

http://estudioarchitecture.com/projects/#!

Sales office is on site 

Nice. That whole center with Lowes / Hobby Lobby needs some redeveloping too.

http://swamplot.com/daily-demolition-report-what-lies-beneath/2016-05-13/

801 Texas is on the demo report for today 

Well, a reply is better late (2 years) than never, right? 

http://www.bizjournals.com/houston/morning_call/2016/05/long-awaited-h-e-b-redevelopment-still-a-few-years.html

 

Quote

While H-E-B Grocery Co. has many Houston-area locations underway, one long-awaited location is still a few years off.

H-E-B Houston Division President Scott McClelland told the Houston Chronicle that the San Antonio-based company has “cleaned out most of” Shepherd Plaza, which it has owned for about 10 years.

Much of the shopping center, just south of Richmond Avenue between Greenbriar and South Shepherd drives, is vacant, but Tuesday Morning has the longest remaining lease, the Chronicle reports. That lease is expected to expire in 2019, McClelland told the Chronicle.

Although I love HEB, a location there is really disappointing.  There's a brand new one not even a mile away, so I don't really get the need for a location here. 

15 minutes ago, cloud713 said:

Uhhh..  I hate to be the one to point it out, but there seems to be a massive water tower in the development.

I like how the renderings completely left that out. The second rendering showing the landscaped area with the flag poles must be facing right just enough to avoid the water tower. Thats going to be a nice backdrop..

How long has that tower been there? Looks like it was photoshopped out of the HAR listing, haha. EDIT: and that water plant on the east side of the development is gone too. 

 
http://www.har.com/71-crain-square-blvd/sale_69670364

I'll take one please. Awesome! 

5 minutes ago, thatguysly said:

Foundation is being poured today

View from the Wilshire webcam

According to PaperCity, this one has grown another 2 stories.  

http://papercitymagazine.uberflip.com/i/660799-april-2016-houston

I spoke to one of the current HEB managers last week, and he said that from what he's heard the two story is still in the plans, with a start date of summer 2017.

Take that with a grain of salt though. 

Crane is now up on this one. Couldn't get any pictures though 

Crane was almost complete during the rush hour commute yesterday. 

On 3/12/2016 at 9:19 AM, 'Stonian said:

I stand corrected. Arabella is moving right along now - CRANE being erected!

That's not the only thing being erected.

AMIRIGHT? 

Well, that have an... interesting Facebook page. Looks like they deal with mostly wholesaling distressed properties. 

https://www.facebook.com/CitiscapeInvestments/
 

Quick drive-by shot of the cross-section of Solvay America building 

I guess this means that she's officially a mid rise

plz no 

http://swamplot.com/scenes-from-the-set-of-hspvas-upcoming-downtown-campus-now-in-progress/2016-03-02/

a lender isn't going to accept 'room rental' as secondary income next to the 60k salary of someone straight out of college. (and that's generous considering the average starting salary for someone out of college is around $45k).

Well, can't argue with that, you've got a point there. I was assuming that the prospective buyer would be able to afford, and get financing, for either.

the most affordable townhouse in East Downtown is a 240k townhome that's pending/continuing to show on HAR.

 

I assume you understand the difference between the monthly mortgage payment for 140k and 240k?

 

If you want to buy anything within 1 mile of downtown for under 150k, you can get into a converted garden apartment, but (outside of living closer to kirby and RO) you get all the same negatives (and more), and none of the positives. Think about it. No real sound insulation between you and your neighbors, no pools, no gated parking, you'll get a numbered parking space under a carport, hope you don't like sleeping in on saturdays, inevitably the property management will hire the lawn crew to come do all the maintenance on saturday morning (as an added bonus, it will seem like they are just standing next to your window running the equipment). You have a common area with a washer and dryer, not in units. just the kind of place you can afford to buy and be close to RO.

 

You could look at 3rd ward for houses under 150k, but considering what you think of east end, I'd hate to hear your commentary on that area. On top of that, you're not getting central AC/Heat, you're not getting a garage to park your car in, you get a yard that you have to maintain, or pay someone to maintain.

 

So no, you can't do what you're suggesting and be close to downtown on a first job out of college budget. as I said in my post earlier, the people who are the target audience want to live in an area like the east end, they do not want to live in RO, it's that simple.

 

but then again, there's a 31 flavors in RO, so that's something.

Well, one positive would be living in something larger than 350 sqft. 

I assume you understand the difference between 350 sqft and 1200 sqft? Buy the townhouse and rent a room out to a buddy to more than cover the difference in mortgages. 

This one is now open and partially under lease

http://www.bizjournals.com/houston/morning_call/2016/02/dallas-developer-opens-first-luxury-apartment.html

 

 

StreetLights Residential is now finishing the first phase, called The James. The luxury apartment complex recently welcomed its first residents.

In June, StreetLights Residential broke ground on the second phase, originally called Azalea Court but now renamed The Ivy. The 20-story, 297-unit tower sits on two acres next to The James. The Ivy features larger two- and three-bedroom units, which average about 1,000 square feet. The units feature similar high-end finishes and amenities to The James, but will offer gas ranges and a rooftop pool with a view of downtown Houston that will likely appeal to a higher-end demographic. The first units are expected to open at the end of this year. Rents have not been determined yet.

“Houston is a great market,” Bakewell said. “It’s been very strong over the past several years. We like the market long-term, and we think it’s going to rebound (from the oil slump).”

Here's the article on bizjournals confirming:

http://www.bizjournals.com/houston/news/2016/02/23/houston-developer-terminates-plans-for-luxury.html

 

 

 

However, the developer said it could not receive the proper building permits from the city of Houston unless it replaced a sewer line in front of the site, located at 1034 Rochow St., near West Clay Street.

“Although the project successfully launched with great interest in the marketplace, due to the insurmountable challenges posed by the city of Houston and CenterPoint Energy, we have determined that our best course of action is to abandon this endeavor and concentrate our focus on our single-family line of homebuilding,” founder Al Ross said in an email sent Feb. 23.

The six buyers for the project were “understandably disappointed,” but accepted the news, Ross said.