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houston-development

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Everything posted by houston-development

  1. houston-development
    its located on the east side of 288 and appears to have frontage on the feeder.
  2. houston-development
    im only familiar with zomper's deal over by mcgregor and almeda on camden. decent looking product but i recall them being quite pricey. Edited to add, yes they are on the high end; started at $489,000.
  3. houston-development
    oh, hard rock is to the south? must have been scatter brained this morning... need to stop sniffing glue
  4. houston-development
    the rendering isnt completely accurate. cameron is a two lane street, not four, and the former hard rock is where they have the trees to the north. the green rooftop is the adjacent bank.
  5. houston-development
    thought this sounded familar: from an old HBJ article and from the june 7th article i thought archstone/smith ended up building the esplanade there but could be wrong.
  6. houston-development
    Meeks & Partners
  7. houston-development
    originally, there were going to be two deals on the tennis courts. one track was under contract for sale to hanover for a rental high-rise. the other was a 99-year lease to gables for a rental mid-rise. in order for hanover to make their numbers work based upon a HUGE land price, they were going to have numerous upcharges for premium views. everything was going well until gables came back and said they too were going to build a high-rise which would block a majority of hanovers views. this killed hanovers deal and they dropped the contract about 3 or 4 months ago. i am not aware if gables will end up leasing the entire site or if part of it will be sold. i'm assuming that it will all be leased, but i could be mistaken. regardless, the deal going up on the tennis courts is being built by an apartment developer and intended for apartments. if a condo converter comes to them on a pre-sale or if gables decides to convert themsleves, then its a different story. but as of a couple of weeks ago (or at least last i heard) it will be apartments. ooops, edited to add, sorry, i missed velvet's original post. while i appreciate the *coughs*, they are not needed. more than happy to enlighten others when i can. in regards to the kirby condos, i would give it better than a 50/50 chance. atlas has dropped a pretty sum in the deal and is currently negotiating with the existing tennants. i would say kirby is more realistic than shamrock; however, that's not saying too much as i said earlier, he is moving forward on oak lane which he did as a jv (regardless of what he says to others). so he is getting more experience and a presence within the immediate vicinity.
  8. houston-development
    also, it's taken almost five years to sell-out. most conversions only take 1.5 to 2 years (worst case). see original hbj article here.
  9. houston-development
    i must have forgotten there was a street in between the bank and hard rock. did you know atlas was also converting oak lane into condos?
  10. houston-development
    I believe that parking garage belongs to the bank. also i noticed the rendering shows westheimer way to close; needs to be further out because hard rock is not included.
  11. houston-development
    you can't compare this to shamrock because the deal did sell to condo converters. they need enough contracts for the mass closing, which is probably +/- 15% of the units.
  12. houston-development
  13. houston-development
    fyi - the site totals 24 acres. it includes the following: hattie mae white admin building weslayan building hr building will rogers central plant the site goes from richmond up weslayan to the sbc building, then runs along the parking lot up to the carlton (the stucco apartments), and then down cummings to richmond. it looks like a rectangle with a slight protrusion. the frontage is as follows (+/-): richmond 900' weslayan 1037' cummins 1328' additional information can still be found at hisd for sale website edited to add the deal has not closed. if it were to, then you would lose hisd's tax exempt status and that tax bill would be a doozy
  14. houston-development
    it is currently under contract to morgan, tcr, and pru (its a jv). they have up a sizeable letter of credit which is considered hard and have already completed their feasibility. hisd will vacate in approximately 1 to 1 1/2 years and relocate to their new building at 290 and 610. the entire site will be demoed and be replaced with apartments, retail, some office components, and possibily a hotel.
  15. houston-development
    I was driving down memorial yesterday and saw a crane; however, it was for the apartment project, not orion. kjb, could you have confused the two? thanks.
  16. houston-development
  17. houston-development
    i doubt the city will not be able to take the land down because the current owner overpaid a couple of years ago. the project is still on the back burner; however, there still is some hope.
  18. houston-development
    sigh... thanks for your insightful 1st post care to elaborate?
  19. houston-development
    i believe its going to look something comparable to 1200 post oak with a touch of lofts at post oak. keep in mind that article was written a couple of years ago.. also, the reason no one developed the site is due to a reluctant seller. remember the house that was sitting there and seemed waaaaaaay out of place? because it sat up on a hill, it never flooded while the rest of riverway looked washed out.
  20. houston-development
    im assuming you are talking about hanover's deal inside riverway. old hbj article here
  21. houston-development
    i could be mistaken but i believe that's where the 4 or 6 story red brick building is currently located. its a block or two "north" of MMP and had like a metal structure adjacent to it. if its the same spot, the previous owner was going to demolish it and put up a high-rise. after 9/11 and enron, he then decided to gut it and convert into condos. he then got over his head and stopped like 1/2 way through and put it on the market. after a couple of months, there were no takers and they reduced the price to something like +/- $3 or $4M. i think it finally sold six or seven months ago... but again, it may not even be the same site.
  22. houston-development
    if the salesperson said 70% was under contract and was very clear about it, then it has to be true good for tracy, i guess we should see ground-breaking and a revamped website soon seriously though, if 70% of the contracts are signed, sealed, and delivered, in theory, he should be able to break ground any day now. unless, of course, they have to hold up and adjust the bottom level to whole food's specs. it would then be another justifiable delay... right?
  23. houston-development
    i know and its been 70% (allegedly) for several months now.
  24. houston-development
    keep in mind that we are talking about two completely different developments. one is a high-rise and the other is a 4 storey over 1 or 2 level podium. I have said over and over, i hope the shamrock is built; its good for the city. if all of the reservations are converted into legit contracts, in theory, the deal should get done. however, theres more to it than that... if it were just that easy, the deal would have already been done. anyhoo... found some old renderings for the grammercy site. this is when tracy planned on building them as apartments.
  25. houston-development
    they are not doing it on their own timeline. re-read this thread about the financial aspects of the deal and tracy.. anyhoo, thats another story and im not going into it. the grammercy project is located on kirby and grammercy, just one block south of holcombe. its behind the rice grocery store and a jiffy lube (or something comparable). the site has +/- 3 acres and is divided by grammercy. the road is currently closed, so i dont know if he got the city to close it permanently or only during construction. i believe i was wrong on the land price, i think it was closer to $40 than $50 psf.
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