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JWW

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Everything posted by JWW

  1. JWW
    If not the % of pre sale, can you divulge any info regarding the big purchases??
  2. JWW
    Does anyone know who owns the land under 24 hr....and what's supposed to be going on there? Regarding Deyaar, I'm not only fine with but welcome direct foreign investment. The benefits U.A.E. companies generally pay foreigners in their own countries tend to be great for the job market, as well. My point is that if they pay $400/ft with the cheap $ they have, it makes it very difficult to compete here. Look at the run-up on the price of the land of this Deyaar development - from 80something $/ft to $400/ft for post oak land in 9 months or less is NOTHING short of a mania...i don't really prefer that.
  3. JWW
    Municipalities generally have parking space requirements that differ for the type of development; hotel, office building, retail, (i presume apartment?), etc., will differ. Requirements can break down as simply as "2 parking spots per hotel room unit". Not totally following the "please don't buy into this whole 'free market' myth. There isn't - and shouldn't be - any such thing." But besides the parking requirements from a muni., the developer obviously has to judge what the market (free) will bear regarding parking.
  4. JWW
    Had completely forgotten the facade was not completely glass in that area of the building...whoops
  5. JWW
    Also, besides my question re: current sales at 2727, could someone digress a bit about the facade-application process and why some high/midrises apply it after all the floors have been finished while some apply it at (in my uninformed mind) sporadic points in the construction process? It seems to be this way to me regardless of the material applied.
  6. JWW
    Thx for your ideas.. I know how retail development works re: buildout logistics... but I would think (and would greatly appreciate more info from those who have insight of mixed-use development financing) the developer probably had to have a decent portion of its retail pre-leased for its construction $ to be released as I would assume it's a different situation for a mixed-use with apartment/retail than a mixed-use condo/retail that has little pre-leasing with its retail but strong pre-sales of its condos... If that logic were true and the retail needs to be 'strongly' pre-leased, I would think the retail buildout would be going on by the tenants concurrently with the apartment buildouts by the developer. You stated that the developer won't wait for retail as the apartment rent brings revenue every month. I would think the same logic applies conversely, especially if the developer might have a 'fixed rent + % of gross sales (name for that?)' type of lease with the retail tenants. What do you think, Shasta, and others?
  7. JWW
    Let's see - nice call on the Astros for this year. Also, Ed Wulfe did tip the valet driver at Fertita's house last week....after he gave $10,000 for a one hour photo-op reception with McCain. Any more brilliant comments?
  8. JWW
    Anyone have any information sales on the building so far??
  9. JWW
    Can someone with more specific knowledge on mixed-use development throw out some reasonable ideas why? I would think the retail would get going first, assuming their tenants were pre-leased... quicker buildout, etc. Unless there was a feeling that construction of residential would keep retail customers away...
  10. JWW
    Yeah, Ed Wulfe ran out of money. About as likely as the Astros winning their division this year...
  11. JWW
    I don't really consider Brennan's to be a competing STEAKHOUSE, do you? Regarding this deal, would anyone have any insight on how a pre-signed tenant can "pull out" ? If no insight (information specific to this situation), in retail development, what are some specific contractual ways a pre-leased tenant can 'pull out'.... hypotheses, rules-of-thumb, educated guesses, whatever you have...just curious
  12. JWW
    Any and All..... please inform us with any inside information about the seller (a holding company perhaps since 'Transco' has not existed since '95 or '99)'s reasoning for selling in a market like Houston's, currently...especially around 180$/ft (forgot the exact sq ftg for the building much less the land in the deal). I'd love to hear the story why (and when) Hines sold the building in the first place (and continued to have the management contract).
  13. JWW
    Design question here... Is the "structure around the roof" on the top of this rendering called an "eyebrow"? If so, is it solely for aesthetics? Also, is this a recent trend, architecturally? I believe there is an 'eyebrow' on 2727, Mosaic (both towers), and many other buildings I have seen around the country and in Dubai, if my hypothesis is accurate
  14. JWW
    While reading over some of the arguments on third-party websites regarding 1717 Bissonnet, I have not been able to find a decent and 'simple' explanation of the differences between use-based and form-based zoning AS WELL as well as a few examples of implementation of EACH (FAR, setbacks from street, etc.) Would you guys mind giving your definitions as well as some examples of implementation for both, please?
  15. JWW
    Why do the interfloor heights vary so drastically? I assume it has to do with the location of a/c equipment and water heating equipment but "...more than a third lower for residential and ESPECIALLY hotel space" is something I did not know.
  16. JWW
    2727 offers floorplans but also allows you to present your own modified floorplans to them. Pricing during construction ranges from around 500 psf somewhere in the 800 psf range (penthouse, in the 10k sq ft range, goes for somewhere in the mid $8mm range).
  17. JWW
    Pricing of the floorplans for 2727?
  18. JWW
    Forgive me if I am the only reader confused here - but can some one delineate on a map, or at least carefully explain where each development (High Street and Highland Tower) lie in Houston as well as some basic details characterizing each development so we are clear? Thanks
  19. JWW
    How was the ULI event at the Mosaic the other week? Also, has anyone gone to the "Sunday Funday" party at the Mosaic that was supposed to have started last month?
  20. JWW
    Easily the 2727 at Kirby. Turnberry has way too many units (184?), too large in general, not a sleek or sexy design. Mosaic looks better than that but finishings are nothing great. 2727 Kirby has a sleek exterior design with arguably the best options for build-out (included in price, btw) available compared to the other two.
  21. JWW
    Can you post the article for those who don't have HBJ access??
  22. JWW
    Apology if someone answered this already, but what is the scheduled day of demolition so that we can go see this?
  23. JWW
    Thanks for bringing us back to reality. Those psf #s seemed way off at 2mm; about as far off as some of the details of the 2727 Kirby post that just went up (the penthouse unit actually goes over 10k sq ft, etc.). I did not realize the Huntingdon was sold as 'true shell' - does anyone with high rise condo knowledge have an explanation about the difficulty/intricacy of doing plumbing, specifically, and electric after the building is 'completed'? Also, we should have a thread about maintenance fees for different buildings/living areas throughout Houston and other cities. 2727 Kirby, before the HOA first meets and probably raises the fee, is charging $.65 psf, which a 'lot' of people consider pretty high. I had no idea Turnberry is charging less than $.35 psf for maintenance. With Huntingdon charging $.70 psf (probably due to the age of building, erring on the side of higher monthly fees instead of frequent assessments, as well as keeping 'competitive' with newer buildings), maintenance fees really seem to range with just these 3 examples.
  24. JWW
    Could we please have a discussion about the financing of residential condo buildings as I tried to ask about this topic on the Tallest Building in the World thread recently? My questions/responses on that thread were about how the Chicago Spire got construction financing without "being able" to presell at all and about the capital structures of residential condominiums with foreign developers compared to U.S. developers. We should have a lot of good material regarding this topic, hopefully.
  25. JWW
    Referring to an amenity included (forgot name of manufacturer) that automates a unit with a handheld, touchscreen, mobile device that can also give remote access via the internet. Controls climate, lights, etc., etc.
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