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Everything posted by toxtethogrady
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WTI Oil's at $52 a barrel this afternoon, and I'm not sure why. The Chronicle had an article that said $50 a barrel oil was going to shift the center of gravity for development from the west side to the east side. The problem is a lot of those petrochemical plants operate with minimal staffs, so employment will drop after construction is done. On the other hand, the developers can always try to entice manufacturers of products using plastics to set up close to the plants do as to take advantage of the raw materials being generated, and that may employ a larger number of people. Throw in the pending opening of the Panama Canal, and there's an incentive for a whole lot more manufacturing, warehousing and distribution. But oil back at $75 will allow this town to continue growing without sending prices at the pump above $3 a gallon.
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800 Bell St. (Former Exxon Building) Conversion to Residential
toxtethogrady replied to TheNiche's topic in Downtown
For Exxon Mobil, it's just a property tying up resources they'd rather devote elsewhere.- 690 replies
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Richland Companies Planning Mixed-Use Headquarters
toxtethogrady replied to TowerSpotter's topic in Downtown
I'll be sure to let you know when I hear it.- 25 replies
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800 Bell St. (Former Exxon Building) Conversion to Residential
toxtethogrady replied to TheNiche's topic in Downtown
That's probably the best luck Shorenstein has had since this redevelopment got announced. This may be one of those instances where both the City and the developer got lucky. The developer gets a 100% occupied building, and the City avoids spending a billion dollars.- 690 replies
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The south leg from Cushing to Port Arthur was always a go. You just didn't know it paralleled 59. Incidentally, that 62-36 Senate vote was a great bit of theater that means nothing. One presidential veto coming up!
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Richland Companies Planning Mixed-Use Headquarters
toxtethogrady replied to TowerSpotter's topic in Downtown
When I first saw the announcement last summer, I had no idea who Richland was, and I still don't. I hope they're still viable.- 25 replies
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Aris At Market Square: 32-Story High-Rise At 409 Travis St.
toxtethogrady replied to Mab's topic in Downtown
I am surprised that they raised the tower crane at groundbreaking. Don't they have to drill piers and dig out a foundation first?- 1,526 replies
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Renovations.
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I'm actually surprised at where Dallas-Fort Worth ranks. While active, the area has not seen anywhere near the highrise development that Houston has. Knowing that two-thirds of the new Houston projects are petrochemical plants, I have to suspect a large share of the Dallas-Fort Worth projects are also other than buildings. There's been a lot of work on the DFW freeways and it is continuing for another few years.
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The problem is everyone's going to get overcautious, which means no development, which means rents and home prices will zoom.
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I didn't want to start a new thread for this, since I think there's got to be one already. Swamplot mentions a shelved project that was going to take down the Georgian Apartments on Willowick may be still in the offing. It was supposed to be a 40-story development. I can't imagine it being anywhere close to starting, but it's apparently still alive, as the buyer has received an extension... http://swamplot.com/on-then-off-sale-of-the-georgian-apartments-near-highland-village-is-on-again-maybe/2015-01-26/
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Farb Hyde Park: Multifamily High-Rise At 2409 Montrose Blvd.
toxtethogrady replied to trymahjong's topic in Going Up!
In the meantime, it's Doggie Rescue!- 104 replies
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The Astoria: Condominium High-Rise At 1405 Post Oak Blvd.
toxtethogrady replied to wxman's topic in Uptown and Galleria Area
"Before" wasn't so shabby, either. I can remember back to 1977 when none of those buildings existed.- 988 replies
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My problem is none of the real estate brokers in this town appear to have had to work hard to get tenants, and they've gotten soft and lazy. Rumor has it that despite the apparent change of heart that two Fortune 500s had about moving to the Woodlands, there are still plenty of others looking to relocate from out of town. Have any of these developers like Crescent told them they have a building they'd quite like to lease up?
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The Astoria: Condominium High-Rise At 1405 Post Oak Blvd.
toxtethogrady replied to wxman's topic in Uptown and Galleria Area
Nothing like being stuck in 610 track, eh, Cloud?- 988 replies
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I think these developers are still sitting back and waiting for tenants to knock on the door. They need to face the fact that they will need to pound the pavement a little.
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Camden Conte: Multifamily At 1515 Austin St.
toxtethogrady replied to Urbannizer's topic in Downtown
All they need to know is they can still get the same exorbitant rents they were planning to charge, even in this market.- 762 replies
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I keep forgetting about this one, given the other buildings rising nearby. Good to see progress.
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GreenStreet: Mixed-Use Development At 1201 Fannin St.
toxtethogrady replied to MontroseNeighborhoodCafe's topic in Downtown
Us. And Swamplot: http://swamplot.com/hotel-alessandra-tower-redesign-loses-the-swoops-and-curves/2015-01-22/ -
GreenStreet: Mixed-Use Development At 1201 Fannin St.
toxtethogrady replied to MontroseNeighborhoodCafe's topic in Downtown
Looks like it's 22 or 23 floors. That's about what it was before. But once again, presto change-o... -
GreenStreet: Mixed-Use Development At 1201 Fannin St.
toxtethogrady replied to MontroseNeighborhoodCafe's topic in Downtown
What a disappointment. -
Aris At Market Square: 32-Story High-Rise At 409 Travis St.
toxtethogrady replied to Mab's topic in Downtown
Swamplot says "more brick" (which must be the architectural equivalent of "more cowbell").- 1,526 replies
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