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houston-development

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Everything posted by houston-development

  1. houston-development
    oh dear.. if you look at har, a majority of the units are $400 - $500 psf. stop focusing only on the high end because it is not a representative sample. 2,000 sq ft sells for $450 / sq ft which equals $900,000. Assuming a full assessment, 3% is $27,000 which is $13.50 / sq ft. big difference between my number and yours, eh?
  2. houston-development
    from the other weekend:
  3. houston-development
    what are you talking about $400 - $1,000 psf? and just so everyone knows, $0.65 is not completely unreasonable going forward. assures buyers that the reserve will be flush and they dont have to worry about a reassessment any time soon. and you cant find anything in nyc for $400 psf that would be comparable to 2727 kirby. would think easily $1,000+.
  4. houston-development
    i heard this weekend that they plan on charging $0.65 psf for hoa dues
  5. houston-development
    dont mean to toot my own horn but who did i say the lender was? ps - they were moving more dirt today
  6. houston-development
    thats the old surrey house and grants palm court inn. crow closed about 6 months ago and paid $35 psf for +/- 4 acres.
  7. houston-development
    :licks chops:
  8. houston-development
    tnt is right, that article was in the paper the other day. site had major flood-plain issues and selling to a non-profit allows the new owner to bypass a huge tax increase.
  9. houston-development
    alexan brand website
  10. houston-development
    its trammell crows deal and spelled alexan btw - they have about 10 houston deals in the pipe-line
  11. houston-development
    actually, i was in that area for central market and target. where else am i going to get a roasting pan and yummy fresh corn hens? and if you see a black 4-runner with a camera hanging out the window, thats me
  12. houston-development
    MUWAHAHAHAHA!
  13. houston-development
    this is getting really addicting heres a hint
  14. houston-development
    weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!
  15. houston-development
    very well thought out, niche. the midtown market is VERY hot with little to no concessions being offered. camden is building 400 units next to the pierce elevated, farbs deal is about 7 months away from breaking ground and will consist of less than 180 units. there is another possible deal in an a+ midtown location but probably 12 months away. camdens superblock... well, i honestly dont know. they are in it for pennies on the dollar and regardless of when/what they decide to do, they will come out in good shape. even throwing in fingers deal (assuming both phases eventually) and woods, these units "should" be absorbed in a timely fashion. but again, this is all on paper and in theory. 5 years ago, we were in the exact same position. 5k of layoffs can be a real pain in the arse
  16. houston-development
    i cant give out all of my information 1) im in the apartment business, so that number comes from personal and others research (including, but not limited to: hanover, morgan, finger, dinerstein, etc.). think of it this way, you have about 150,000 people working downtown today, so that equates to only 6%. 2) current occupancy is around 96% and getting $1.60+ psf. thats an extremely healthy market and on paper, can absorb plenty units. 3) thats the problem. prior to finger, no one wanted to be the trailblazer. if anyone but suttles owned the scamrock site, that deal would have been done a long time ago. hanover had a site under contract but pulled the plug only on gut instinct. at a minimum of $100 psf, doing anything short of a highrise is economically unfeasible. its going to start happening. fingers two phases and woods hp deal. we will find out if what appears to be a home run on paper translates into successful developments in reality.
  17. houston-development
    i do give props to marvy for at least trying
  18. houston-development
    allegedly, atlas made a deal with freemont.
  19. houston-development
    with everything currently in place, there is a demand for about 10,000 residential units in downtown. when hp (along with other projects) moves forward, that number will increase. if you dont think people want to live downtown, im willing to bet that you are a native houstonian. am i right?
  20. houston-development
    prior to the latest pr, they never gave an "official" ground breaking date. only said they hope to break ground by the end of the year. pr from 5/06 "Construction of the Park Tower should begin before the end of the year with completion projected for the fall of 2008." per the last press release (9/06): "Groundbreaking for One Park Place is set for January 2007 with occupancy starting in the spring of 2009." it could have been pushed back for several reasons but i do not anticipate another one.
  21. houston-development
    while at first i thought he was crazy, i have grown to enjoy Driving While Taking Pictures (DWTP). the thrill of having both arms out the window, steering with your left knee, and while pushing the brake/gas with the right foot. all while people look at you like you are some kind of nut until i get a ticket, a wreck, or dismemberment, i will occasionally update this thread with my daredevil acts. here's to montrose1100
  22. houston-development
    uh, says who? did you speak with marvy or something they are still anticipating a january groundbreaking.
  23. houston-development
    if anyone is interested, pizza hut park is a part of the stonebriar centre in plano. just to the north, is the master planned community frisco bridges.
  24. houston-development
    archstone smith owns the site and are planning to do apartments. across the street is not townhomes but more apartments. originally owned by farb, mccombs purchased his plans and will develop around +/- 400 units.
  25. houston-development
    actually it was an hisd building and joseph marom (sp?) is the developer. he purchased two adjacent apartment complexes and has a total of +/- 7 acres. he intends to do a mixed-use development with retail and apartments. hes also doing the deal on san felipe (former regency arms apartment complex).
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