Vy65
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Everything posted by Vy65
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Fair enough. So it’s not to say that Houston can’t become “first tier,” it’s just a matter of whether the city can begin to attract enough foreign/global investment to be considered a gateway. Cursorily looking through CBRE’s materials on this, I find it interesting their cities are limited to the coasts. You’d think Houston or Dallas would crack that list in the next 5-10 years considering market dynamics on the coasts.
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Just out of curiosity, where do you draw the line between first and second tier markets?
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While I agree that having two tall buildings essentially on top of each other does look out of place, that's par for the course for a city with no-zoning. Everything is/looks out of place.
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- hines
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Total shot in the dark, but does anyone have a sense as to when an official announcement will be made? I could see it being both on the horizon or distant considering the Bivens post was pulled down.
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I'd rather see a mixed use development with a grocery store on the far north end of downtown (where that chase drive thru is, for example). You raze down the municipal courts and put a massive development there. The views of downtown would be pretty great.
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I am all for razing 1400 Lubbock to the ground (along with the adjoining police station, and hell, the downtown aqaurium too). But, I think it's a little too off the beaten path for a grocery store.
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Aspire Post Oak: Multifamily High-Rise At 1616 Post Oak Blvd.
Vy65 replied to Mab's topic in Uptown and Galleria Area
On top of that, a motion for rehearing is really, really disfavored. Unless the HOA found new evidence or a new, seminal case came out that substantively changes the law (both highly unlikely), the motion will be denied and the case will go back down to the trial court. The good news is that if and when the case goes down to the trial court level, the HOA will begin incurring some fees (appellate work tends to have caps on the amount of work that's required). While this isn't a factually intensive case, there nevertheless are going to be some fees incurred by the HOA particularly given the law firms representing it. Also, because this is a dec action -- the majority of issues will be decided as a matter of law for the court as opposed to the jury -- you could see quicker movement despite the district court's current backlog.- 1,031 replies
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5.2BB annually seems really significant. Can anyone put that in context?
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Means franchise. Hilton, Marriott, etc
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So there are three blocks in this area: 42, 43, and 58. Hines owns and is slated to develop blocks 42 and 58. 43 is where one market square/international tower is slated to go on. Is block 58 currently the surface parking lot or is that 43? Something isn't quite adding up.
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Market Square Tower: 40-Story High-Rise At 777 Preston St.
Vy65 replied to Urbannizer's topic in Downtown
Maybe, but I wonder how much the process would be accelerated if a second round were done. I don't really see a problem with pushing right to the tipping point, but I could be wrong. -
Market Square Tower: 40-Story High-Rise At 777 Preston St.
Vy65 replied to Urbannizer's topic in Downtown
"The leasing milestone, reached in December, shaved three months off Woodbranch Investments Corp.’s projected 15-month timeline and signals downtown is no longer limited to 9-to-5 office workers and theater goers. Bars and restaurants, food halls and parks are catering to a growing population, thanks to incentives provided by the Downtown Living Initiative. “I really enjoy the way downtown is coming back,” Woodbranch Investments CEO Philip Schneidau said. “In the evening, people are walking around in Discovery Green, and Market Square Park. It’s really getting to be a nice neighborhood feel to it after hours, versus the business feel during the day.” Downtown has grown to about 6,000 residential units, up from 2,500 at the start of 2014, according to the Central Houston and the Downtown District." Almost goes without saying that the downtown living initiative really spurred some of these developments. What are the chances of there being a second round?- 1,894 replies
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I don't think I disagree with any of that in the abstract. If someone were to ask me whether I thought those empty lots would eventually be developed or those shopping plazas mowed down into something else over the next 3 decades, I'd tend to agree. But that's not saying much of anything. Of course there will be development in the area and that development is trending towards large shopping centers and/or tall buildings. I don't think that has much of anything to do with the utility or benefit added by the bus. I've asked, and no one has been able to quantify how much the bus will speed the process of actual development up. And that's likely because it won't. No one has said that the bus operates as some kind of tipping point that would spur development or redevelopment where none existed before. If someone were to articulate how the bus would accelerate development in the area in a real or tangible way (i.e., over the course of 5 years), then I'd be on board. But they can't because it won't. The only justification for the bus has been 1) it's nice to have and 2) it let's the B&T crowd park farther away from the Galleria. Again, I can think of better uses of the tens - if not hundreds - of millions of dollars the TIRZ has spent on the bus.
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People don't or won't walk a few blocks to WF, but will once a bus is put in? Several of these apartments/condos are literally across the street (some aren't even on POB). How is a bus is going to going to incentivize people to walk to WF when they may already be driving in lieu of walking a few blocks? Or using an app like instacart? That makes zero sense and is backed up by zero evidence.
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I walked to and got something from WF literally 90% of the time I worked there. Shockingly, the quarter mile or so didn't kill me and I didn't need the assistance of a bus. But apparently all those people living in all those high rises are unable to walk a half mile or so, so giving them a glorified trolley will be totally necessary. Wouldn't Uptown TIRZ using the millions of dollars it spent on some trees better be used as subsidies to developers who'd demolish/develop the strip malls and empty fields?
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You would be wise to take your own advice. I didn't know commenting on some buses would ruffle these many feathers.
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(to the extent that you're suggesting that there are two being built) Now who's being dishonest?
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I want efforts bigger/more ambitious that a bus + some trees. I guess I'm not as easy to please as others ...
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Maybe you can elaborate what was dishonest about my suggestion when the conversation was about how much the area has changed in "just a few years?" You can take the long look all you like. In 3 decades, I'm sure the area will have developed. That's besides the point. Claiming some *really fancy* buses will trigger development in the area is laughable. It's great everyone is so excited about an otherwise marginal project, but don't act like market movement is hinging on some trees being planted.
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Because adding trees and a bus doesn't do much of anything. I would love to see this city become more urban and dense, but expanding a sidewalk isn't going to do it. A lot more drastic alternatives - which likely aren't feasible - are needed. So I'm sorry to burst your bubble on a pretty pathetic project.
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I don't think you can say that the presence of multiple empty lots - that have been empty for years - is a sign of a densification. I only know of the one tower being built by Hanover (to the extent that you're suggesting that there are two being built). As for other's "on the way," I'll believe it when I see it because a lot of what I see out there is empty land. As for Apache, their Alpine play is poised to be highly lucrative. That, along with the rise/recovery of oil makes the renewal of their POC lease (as opposed to starting their building) kinda prove my point.
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True, the suburban sprawl from downtown to Tomball clearly shows a strong desire to live in/near the city of Houston.
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Didn't answer my question: are the bus + trees the only thing keeping the strip plazas and empty lots from being (re)developed? You and I have very different takes on what constitutes a "strong incentive"
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This is getting to be besides the point, but would Austin have the highly dense downtown it enjoys without zoning?
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So bus + sidewalk is the missing link to development of those pieces of land? Others suggested that the market had already moved on the area. Pick a lane: either the area is moving (so why several empty tracts) or its not (but will be once we get some more sidewalk put in).
