houston-development
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Everything posted by houston-development
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thats the old surrey house and grants palm court inn. crow closed about 6 months ago and paid $35 psf for +/- 4 acres. -
Aga Khan Foundation: Islamic Community Center
houston-development replied to torvald's topic in Going Up!
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. -
alexan brand website
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its trammell crows deal and spelled alexan btw - they have about 10 houston deals in the pipe-line
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- upper kirby
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MUWAHAHAHAHA!
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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
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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.
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allegedly, atlas made a deal with freemont.
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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?
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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.
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Aga Khan Foundation: Islamic Community Center
houston-development replied to torvald's topic in Going Up!
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. -
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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ive been to the one in vegas. good stuff lawry's restaurant website
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uh, i personally know 3 of them but okay and one of them backed out with another about to
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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
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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
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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?
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slightly off topic but more of a confirmation that westcreek apartments are not a part of this development. hbj link
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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.
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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...
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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.
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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)
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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 Print this Article Email this Article Reprints RSS Feeds Most Viewed Most Emailed Trammell Crow Residential has selected Post Oak Boulevard -- which is being marketed as the Rod
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theniche speaks the truth, for better or for worse
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hardy site is now up for sale link
