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swtsig

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Everything posted by swtsig

  1. swtsig
    the renderings look awesome but you'll be served much better in the future if you appreciate them w a large dose of skepticism. just my opinion, though.
  2. swtsig
    I like that they're shooting for a boutique hotel concept as part of the program.
  3. swtsig
    not moving, expanding. second location. and i agree that a boutique hotel - a low or midrise concept a la south congress hotel - would do wonders in the village. no idea if it's feasible financially but the idea itself would blend in seamlessly there and be a huge draw imo.
  4. swtsig
    you sure do... especially in a location that isn't particularly special.
  5. swtsig
    Brookfield has quietly been active outside of downtown
  6. swtsig
    "retail follows rooftops" until there is a critical mass of permanent residents downtown, retail will sit on the backburner. putting some sort of arbitrary "24 month" deadline on whether retail will ever make downtown or not is silly - retail will come when the density demands it. there's no magic fairy dust we or the city can sprinkle over downtown to change that. just give it time.
  7. swtsig
    i've also heard that polk will stay connected.
  8. swtsig
    aloft too
  9. swtsig
    they also have next to zero parking requirements. downtown houston certainly has less parking requirements than say katy but not sure by how much.
  10. swtsig
    storage is actually quite profitable and in demand so no surprise there. come to find out, though, no one needs that many mattress stores, not even mattress firm. the two guys that led their RE team were caught defrauding MF from millions and millions of dollars entering into hundreds of unnecessary leases nationwide, often in retail developments they were undisclosed partners in or in exchange for lavish gifts and trips. so come to find out it's NOT just part of their business model haha
  11. swtsig
    nice spot - kinda wish they added an upstairs balcony and a little more patio space. the "shaken or stirred" drinks rule is a little odd, though... i definitely get not wanting to be a craft cocktail spot but not being able to get an old fashioned, bloody mary or martini is a little moo
  12. swtsig
    that is absolutely the type of older building that would get converted in other cities.
  13. swtsig
    can we officially start handing out demerits for "any update??" bumps?
  14. swtsig
    i'm hearing it will be named B of A's Depositorium and Good Time Money Hole
  15. swtsig
    can you have patio space within the 25' setback?
  16. swtsig
    iirc the tract with westheimer frontage will be parking with the bar in the back. odd configuration unless they have future plans for the parking lot which is possible i suppose.
  17. swtsig
    don't think the 6 Houston site was part of the deal... that parcel is still owned by John Goff and Crescent. i'd be more interested to see if Brookfield plans to repurpose some of 4 Houston and the Shops. they'll certainly enhance the streetscape similar to Allen Center, they have an excellent track record of doing exactly that.
  18. swtsig
    Lots of momentum in this area and a lot of it is now coming from very established proprietors. Construction will certainly have some affect but Polk through street isn't going anywhere and it's looking more and more likely that the park will be a reality. Don't be shocked to hear of yet unannounced multi family and hospitality developments too.
  19. swtsig
    "roughly" 25 stories - rendering attached is roughly 31-32 stories. hoping it's the latter.
  20. swtsig
    it would be interesting to know if the city would have allowed them to do away with spots 14-16 and just extend the patio... that additional 15-18' of patio space would give it a much stronger pedestrian presence.
  21. swtsig
    great spot for a large craft brewery.
  22. swtsig
    They've kicked around densifying their Post Oak property for quite a while... had a friend do some work for them on it at least 7-8 yrs ago, maybe 10. Glad they don't think their TJ property on west bama/shepherd is a candidate... a large redevelopment and subsequent high rise would be a nightmare there. Did we we know they bought the chase bank building site on west gray next to Krogers?
  23. swtsig
    C'mon man, how is it not obvious what they're marketing it as? Unless you think being in the "wet part of the heights" and next to a "high volume Kroger and presidio" is somehow relevant to places of worship, never mind the obvious question of why would a church need a marketing flyer to begin with? Re: the render itself, looks awesome to me. Kudos to the Heights really stepping up in the quality development game.
  24. swtsig
    maybe next time i'll read the article haha... he definitely didn't pony up like he originally said and ended up going the institutional route. not that it should make a huge difference as this is the way most deals make. but still, not quite the confidence he initially had and probably more likely that costs will be reined in more than anticipated.
  25. swtsig
    sorry hit send to quickly. there are two components of any RE deal (or a lot of other investments really) - equity and debt. equity will come from you and/or your investors and the debt will be provided (typically) by a bank. in this case, caydon is providing all the equity needed to secure a construction loan from the bank (or other financing instrument) without having to seek outside investors. equity requirements vary from bank to bank but they usually require something like 25-35% down of the total project costs. what caydon didn't have to do was drum up investors (institutional groups like insurance companies, private equity, private investors, etc.) to help secure financing which can be a big hurdle in a market like Houston. few would self-fund an entire project - it ties up too much of ones own capital when there's relatively cheap access to money readily available. of course he takes on a lot more risk but the reward is all his as well.
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