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Everything posted by fernz
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GreenStreet: Mixed-Use Development At 1201 Fannin St.
fernz replied to MontroseNeighborhoodCafe's topic in Downtown
I think it's a great idea! -
Enclave Place: Office Building At 1430 Enclave Pkwy.
fernz replied to por favor gracias's topic in Katy and Points West
Crane is up on this one.- 20 replies
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- energy corridor
- ziegler cooper
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Today they have been removing the sidewalk on the North edge of the lot. They are picking up sections of the sidewalk (which is less than a year old) with a forklift and putting on a dump truck. Hopefully it means they're about to break ground.
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- stream realty
- rottet studio
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Forget about the backside of his buildings...have you seen the front side?
- 86 replies
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- bridgewood property co.
- senior living
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Hanover Montrose: Multifamily At 3400 Montrose Blvd.
fernz replied to HoustonMidtown's topic in Montrose
If they could've asked for less money in order to sell, they would have. They were asking for what they needed to ask in order to make the returns owed to their equity partners and their lenders. The problem with renovating a building is that there are many unknows, and the likelihood of going over budget and being delayed (which is worse from the financial point of view than being over budget) are greater. If you demo the building, those risks are greatly reduced. If you have a really unique structure like the Rice hotel or the Texaco building, these risks are balanced with the expected demand of people wanting to live in such unique buildings. But for your average old building, the risks aren't worth it - purely speaking from a financial point of view.- 539 replies
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Hanover Montrose: Multifamily At 3400 Montrose Blvd.
fernz replied to HoustonMidtown's topic in Montrose
Ask the developers of the Commerce Towers how much demand there turned out to be for those units in a remodeled building...not enough to pay the bills.- 539 replies
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Good point. Expect our "community leaders" to stage a protest soon.
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- multifamily
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CityCentre: Mixed-Use Development At 800 Town And Country Blvd.
fernz replied to Parrothead's topic in Going Up!
That is great news!- 960 replies
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- midway companies
- munoz + albin
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Nice renderings!
- 1,526 replies
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- multifamily
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Hanover Montrose: Multifamily At 3400 Montrose Blvd.
fernz replied to HoustonMidtown's topic in Montrose
Yes, Houston is larger than Vienna.- 539 replies
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Hanover Montrose: Multifamily At 3400 Montrose Blvd.
fernz replied to HoustonMidtown's topic in Montrose
I think the difference is the quality and significance of historical buildings in Vienna vs Houston. I know a lot of people in this forum liked the old building at 3400 Montrose, but the reality is that, from an architectural perspective, the building was relatively insignificant. Not to say there aren't significant buildings in Houston that do get demolished - but that's an off topic conversation that I know must be in some more relevant thread.- 539 replies
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Why does the plaza need to be sunken? Why not have it at street level and activate downtown? What is this obsession with underground spaces?
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- residential
- conversion
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Delay? Was there ever a groundbreaking date given?
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- downtown
- multifamily
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Plus Phoenicia.
- 200 replies
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Hanover Montrose: Multifamily At 3400 Montrose Blvd.
fernz replied to HoustonMidtown's topic in Montrose
That is a really nice rendering.- 539 replies
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These two (plus Camden superblock)definitely are. They are comparable to DG and OPP, look at how they transformed downtown!
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I don't think it's bad news. They probably need to get equity and/or debt before moving forward, they need construction drawings and permits. Granted, it's possible by the time they are ready to go, demand downtown has waned and they put it on hold. After all, Camden did sit on its Midtown land for about 12 years.
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- downtown
- multifamily
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That's the first time I hear of that argument. I didn't think the deed restrictions could be overturned without majority of owners agreement. Otherwise, it constitutes taking and the owners should've fought to get compensated by the city at the point that happened; if was not the developer who took away the deed restrictions (assuming that actually happened)
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- multifamily
- highrise
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What do Santa Claus and a mouse have in common? They both have a beard, except for the mouse.
- 259 replies
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- lewis property company
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Good for them, it means they are salvaging the brick. Skanska is a very environment conscious developer.
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It's good to have cheap hotel options.
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Midway is easily one of the best developers in Houston right now.
- 259 replies
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- lewis property company
- kirksey architecture
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All valid points. If you're worried about that, either mobilize to get zoning on the ballot, or don't buy an expensive house in a desirable neighborhood without deed restrictions in Houston - but don't sue to stop someone from doing something that complies with current laws.
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