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toxtethogrady

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Everything posted by toxtethogrady

  1. I think they may be waiting for the market to adjust to the new bounds for oil prices. Stability will allow all the projects to proceed. Especially if prices stabilize around $60 a barrel.
  2. Well, not only does this one appear dead, but now there is an autopsy, courtesy of BisNow: "Peloton announced plans for Westcreek Centre in February—the 21-story, 368k SF development was supposed to be the first office in 34 years built on the inside of 610 in the Galleria submarket. It was slated to break ground in Q4 right next to the River Oaks District, but the land never closed, and the deal is dead. (Multifamily buyers drove land prices too high for office.)" https://www.bisnow.com/houston/news/office/Six-Office-Buildings-That-Didnt-Break-Ground-in-2014-41364#3
  3. Put this in the "some people are just too jaded" category. BisNow closes out the year with this headline: "SIX OFFICE BUILDINGS THAT DIDN'T BREAK GROUND IN 2014" https://www.bisnow.com/houston/news/office/Six-Office-Buildings-That-Didnt-Break-Ground-in-2014-41364#0
  4. So if they tear down all 556 units and replace them in kind, what kind of development would this be (and is it even cost-effective to tear down 556 just to get the same 556 in a different building)?
  5. Top pic for overall skyline is the northbound 610 turn onto 288. If I could avoid killing myself, I'd take a pic, for the good of the order.
  6. The first apartment I rented when I returned to Fort Worth two years ago was built in 1986. Back then, it was the height of luxury with its swag lamps and plush carpets. Now it's Class B. And rents for $625 for a one-bedroom - which is probably not much more than it rented for back then.
  7. Having seen it from the HSPVA site, 6 Houston Center is going to block the view of a portion of downtown from the new school. Delaying that in favor of this one would have certain advantages.
  8. I took this from the HSPVA groundbreaking. Texaco is on the left...
  9. With 21 buildings under construction, and 21 more planned, things aren't that bad.
  10. The market for high-end retail in Houston should be good, according to the following assessment: "Houston’s current population of 6.4 million residents has experienced a 9% growth over the past five years thanks in large part to the energy markets growth within the city. As oil and gas companies expand their footprints within Houston, they are looking to hire top level employees. This white-collar expansion has given Houston an influx of households with incomes greater than $100,000. In turn, this increase in disposable income has spurred a growth within the mid to high-end/luxury retail market to the tune of nearly 1.6 million square feet – projected to arrive in 2014. Houston’s major retail markets like Uptown Park, City Centre, and the Woodlands have all benefited from a shift to a focus on “live, work, play, shop” within the Houston office and residential markets. In addition, those core areas are benefiting from the expansion of key luxury retailers looking to capitalize on Houston’s robust economy. Nowhere is this more evident than in the Galleria district of the city where retailers Cartier, Dior, Hermes and Tom Ford have all announced new stores openings at OliverMcMillan’s River Oaks District project, and Saks Fifth Avenue has announced a move into a 198,000-square-foot location, nearly doubling their Galleria footprint." I'm not sure how much the price of oil will affect this assessment, but office buildings are still selling for record prices. http://blog.chron.com/primeproperty/2014/12/houston-a-top-spot-for-luxury-retail-jll-reports/#29052101=9 Houston a top spot for luxury retail, JLL reports
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