houston-development

No, the buyers are not leftovers from Redstone

uh, i personally know 3 of them but okay

and one of them backed out with another about to

while i appreciate it, lets just drop it. its in the past and i discovered a method to block it from happening again in the future

it appears that atlas has about a 30 day window to move forward with his current structure.

ps - i didnt know this forum had an ignore feature. good stuff

ill make sure that when i do reveal my sources, you will be the first to know. until then, dont read my contributions to this form.

deal?

a buyer is looking at the deal for high-rise apartments. his underwriting is realistic and thinks the deal can work...

owners want $180 psf based upon an "appraisal" (pfht, yeah, right).

slightly off topic but more of a confirmation that westcreek apartments are not a part of this development.

hbj link

Trademark, which was not the highest bidder on Westcreek, was already planning to do a mixed-use development next door on the old Central Ford site at 4410 Westheimer. In fact, sources say, Trademark and Cypress discussed a joint development of their sites, but that deal did not materialize.

My two cents:

Merely claiming that a source is "one you deem reliable" does not, in fact, make the information any more credible.

My suggestion would be to support the credibility of a source by more than hollow assertions.

my two cents:

as someone who has given this forum plenty of inside information, in which i will put my accuracy rate up against anyone, without ever asking nor expecting for anything in return, take your suggestion and shove it where the sun don't shine.

have a nice day.

from chron.com

The winning name for the park was submitted by Kim Borja, a manager in the accounting department of Pappas Restaurants, conservancy officials said.

i wish that i had taken some pictures on my way home. nice shots

buffalo bayou park was completely flooded out. the gazebos were almost completely submerged with only the peaks poping out of the water.

nevermind

back on topic, sorta..

the downtown park was suppose to have its official ground breaking yesterday but obviously got washed out.

i head some news that was not encouraging.

freemont did in fact commit to make the construction loan; however, the reservations did not all roll over into hard contracts. freemont renegged and wants more behind the signature, hence the reason for a new partner...

Ah, the memories, it was the closest thing Houston had to a non-franchised coffee joint.

and not, this was not a terrorist convention, so no jokes.

Yeah, that token blonde sure doesn't look out of place

walmart does have a new concept store, which i believe is called "the market". high end wines, organic food, and gourmet like goods. the one i saw was in bentonville: free-standing, about 10-15k sq ft in size, very up-scale, and in all honesty, i couldnt believe it was a walmart.

seriously.

well since this thread has gone completely off topic, im gonna add my $0.02

when i first moved back to midtown, i enjoyed walking to the store, starbucks, bank, restaurants, etc. however, after being greeted by numerous :insert pc term:, i decided that enough was enough. while it would actually be easier to walk two blocks down, i get into my car and drive to my destination.

regardless of what is built and how pedestrian friendly the establishment is, people will get sick and tired of being begged for spare change.

/rant

Here is the latest from what i have heard:

New Partner in the deal. That's right, new partner with new money. And no real contracts at this point.

I must say I feel less confident in this info than normal, but source held firm even when I told him he was full of ^$#.

TNJ

prior to selling oak lane, mike was scratching to find equity... maybe he didnt pull out that much equity from it..

as i said somewhere in this thread, most of the "buyers" were left-over from the proposed highrise at the houstonian. those guys were pretty tough and one of the reasons the deal failed.

if the buyers arent real and they cant get the presales, the deal will not get financed.

a park? pfht!

the possibilities are endless

cvs

liquor store

pawn shop

nudie bar

repair shop

i mean the list goes on and on.

trees? we dont need no stinkin' trees.

just kidding

It is not personal at all. the best part about this forum is the free and open exchange of gossip, information, facts, speculation, everything. We all can then have the benefit of being able to read chrnologically through the discussion and see what turned out to be the case.

Houston Development has been right a lot, however, he was wrong about the funding of this project...No one can be right 100% of the time

We are all only as good/correct/smart as the information we have that allows us to form the opinion. I believe that my information is better than most, but that doesn't make it so. i'm not asking that you believe everything i say. However, go back and review my posts and i will stand by the content of all of them....even the ones about getting rid of the people begging for money in traffic, but i digress...

More later.

TNJ

WELL I NEVER!

but seriously, ill elaborate. allegedly, freemont has approved financing and atlas sold a portion of oak lane (+/- 5 a) to zom for redevelopment. so in theory, his has financing and equity in place. i am confident the deal will move forward HOWEVER if he doesnt hit his presales number, the deal is dead.

tnj is absolutely correct when it comes down to our information. hence the reason i never give a 100% certainty unless im that confident in my source (ie downtown park and fingers tower)

i think thats crows deal. will build apartments and getting about $1.70 psf in rent.

Trammell Crow heads Uptown with Alexan

Houston Business Journal - July 28, 2006by Jennifer DawsonHouston Business Journal

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Trammell Crow Residential has selected Post Oak Boulevard -- which is being marketed as the Rod

If this doesn't confirm every Aggie joke ever told, I don't know what could.

i did a quick search for the thread but was unable to find it. might as well update it here...

from a source that i consider extremely reliable, especially for this deal, the downtown park will have a ground breaking in august of this year. there could be a setback but they are moving forward without a doubt.

additionally, they will have a city-wide naming contest for the park.

finally, and more on topic, fingers deal will break ground shortly after the park does. finger has the option to purchase / lease adjacent land and will if phase 1 performs well. it will not be named the park tower because of a conflict with an existing building with the same name.

this message will self destruct in 5....4....

muwahahahaha!

the downtown park has broken ground and finger will in january.

the tower will be called "one park place"

How do you figure that the odds are for this one?

about 90%... he had some major issues that recently got resolved. he is going to start clearing the site soon, BUT he will not technically break ground for another 9 to 12 months.

the property will be on three blocks with the main building wrapped around a 6-storey parking garage and the other two connected with catwalks. he will have the swimming pool on top of the garage with some pretty sweet views.

not saying its the "right" way to build it but different strokes for different folks.

are you sure thats the right site?

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