BOI

The crane is in the air, sitework is underway, the basement is excavated, shoring is in progress along the North Wall. A constuction loan commitment has been made and executed. Please refer to the above; which could not happen otherwise. Yes, there was unsolicited interest in purchasing Paige Parks some time ago in addition to the Dicky site and Oaklane. Sales- it depends on the exact nature-of the gentlemen's statement- dolars, sf, av. sales price, and quantity. Several purchases are combinations of units which doesn't tell the whole story; i.e a whole floor/ half etc if I correctly understand the meaning of "few". Units which are under purchase agreement are confidential and not disclosed to the general public. HOAs are similar to 3 other full service buildings in Houston. There are other building charging less less; but presumably you get what you pay for and ultimately the owners will decide what services they require or desire and the costs.

Gentlemen, the deal is real. All good things take time. Yes, when developing highrises- it is not for those of faint of heart. Yes, there are contracts; albeit a few to be tweaked. No big deal. Yes, the sales center on W. Alabama is open every day. No, the buyers are not leftovers from Redstone; location, value, and trust rule for those wanting new product; price is not an issue for those in the know. Kirby is good for Houston, the development community, and should be supported ;as there will surely be bigger and more well known national developers coming now that the door was cracked open a little wider by the locals.