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JWW

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Everything posted by JWW

  1. Coming from someone who has a desire to develop ultra-luxury residential in the near future, I am finding myself constantly gagging reading advertising like this. The worst I've seen in Houston recently was Turnberry (if the shape/design of the building was not enough of a turnoff, their marketing closed the deal) with lines like "If you don't spend it, your heirs will", complete with man in tuxedo and untied bowtie looking out the window onto 610. Just garbage. I am aware of very, very few people who can 'afford' to live in a 2m+ home in Houston in the RICE AREA that would really be sold by that. The fast $, at least it SEEMS to me, would be in other areas of town. Drove in yesterday. Only report I have is "hope it gets better than this." Yawn. Too bad Ashby guys couldn't have picked up this lot, instead.
  2. Have you read the anticipated % change in traffic due to this redevelopment ? (Would expect that you have)
  3. Anyone familiar with bankruptcy (if the lender, and I guess that's the takout/permanent lender on the first building and that the construction loan was taken out already?, takes ownership of the Mosaic condo building) know what happens here with the communal areas shared by both buildings? (parking, pool, workout room, etc)???
  4. Considering the fact that it is constructed as condominium, pre-sales of condos are strong as well as the near $850 per ft , near 10,000 sq ft penthouse was sold in July, I would PRESUME that is false? Where did you hear that?
  5. $2.20 a ft is One Riverway, Museum Tower, Parklane territory. I can't see how they SHOULD be able to pull $2.20 a ft with the buildout quality and level of services that building provides.
  6. Davis said, at his ULI event at the Cosmopolitan yesterday, that he has 50% pre sales on the residential part of sonoma, they have restaurant after restaurant lined up for retail, and he cannot get financing so far. Sure it has been making him want to pull his hair out - with his track record, I would think it would have been easier.
  7. Could you expound with details about the 40% cost savings for the project if it is a non-profit with particular tax exemptions? Yeah, like the city doesn't have enough it needs to spend $ on that affects most Houstonians. Dan Duncan, Sarofim, Richard Kinder, et cetera give away a lot of money - I'm sure they appreciate your thoughts on what they need to do with their own $. Great info - thanks a lot for that. Would you post something like that in the Development and Real Estate thread so readers who weren't interested in this particular project thread could learn this?
  8. So would you still technically call a ceremony before a demo of a previous structure on the site one will develop out of the ground later a ground-breaking ?
  9. Posting this in the Sonoma and Development and real estate threads , but we can we have a really brief conversation on what everyone knows or feels "ground-breaking" is, including on a site where there was a previous structure?
  10. Please also post those questions under the Development and Real Estate thread as I know a lot of readers would like to be a part of discussions and learn information such as this but some of the readers may not read this project thread.
  11. So that 'rule' was changed before Intercontinental took George Bush's name, I assume? Where did you read about the statute regarding federal funding for airports with living names? I read it was due to opposition from people who preferred posthumous naming ?
  12. 1. Hughes's family was at Beaconfield at (1700?) Main but for a short time. One story is that he was actually born in Humble, some others say Houston. The story is that his birth records were falsified. According to Howard Hughes: The Secret Life, his birthdate is even innacurate; Should be August 24th instead of December 24th. As difficult as this man was in so many areas of his life, leave it to him to not have an easily identifiable birthday. 2. The "Hughes House" is on Yoakum and currently houses Religious Studies for USThomas. After he "fled" to Los Angeles, he begged his aunt and uncle to stay in the house and paid for an addition to the house to keep them there. 3. HH married Ella Rice at a church on Texas Ave. downtown, across the street from the current Magnolia Hotel. 4. His closest relative is William Lummis, who is President of the Houston Country Club and resides in Tanglewood (an easily recognizable modern home very near the HCC). 5. Buried at Glenwood Cemetery by George Lewis & Sons on Washington Ave. 6. Hobby Airport was once named after HH until the name was taken away - I'd love to hear why this happened. 7. Apparently used to eat at the "Pig Stand" on Washington Ave. Cannot verify that, unfortunately. 8. Does anyone know if Hughes Tool still possesses any of that furniture they wanted to sell?
  13. Why did you post these? Great information.... also, don't have the address, but are you aware of the church downtown across the street from the Magnolia hotel on Texas Ave., where HHughes married Ella Rice?
  14. Wow, you got me for a second. I'm going to stop by that shack...
  15. Anyone know if the McDonalds land deal was closed on by R.Davis - I had read it was supposed to be the end of June.
  16. Is there anyone reading this who has an engineering background or can elaborate (here or in a more general thread) about building systems and thier characteristics (i.e. poured-in-place concrete vs. pre-cast vs. tilt vs. composite, etc.) ???
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