toxtethogrady
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Posts posted by toxtethogrady
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I love how they copyrighted the materials in 2015. Let's not get ahead of ourselves, shall we?
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It's been an education to me that land for multifamily seems to become more valuable than land for office buildings. That's why Westcreek is being developed as condos instead of offices.
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In Houston. Retail. Offices are renting for up to $50 a sf, but only in select locations.
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Assuming that one moves forward it will likely be their last in this cycle.
Actually, if the next cycle begins around 2017-18, that may still be a reasonably continuous development pipeline.
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Hate to see this one delayed, out of all the ones that got started last year. If they are waiting for oil prices to swing upward, that could be awhile.
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.
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Looks nice. Also looks like it rained.
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180 is actually low, as some places are renting for over $200.
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What does "Site" refer to? It's not one of the numbers on the map.
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One day I shall have a drone and the permit to fly it...
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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.)"
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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"
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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)?
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They did a nice job of preserving the foliage (or some of it).
I wonder how old the townhomes on the right are.
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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.
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Other possibilities - Dean & DeLuca and Balducci's. Both East Coast brands.
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The party may be continuing. Houston added 16,000 jobs in November and 125,000 since November of last year. Of course all numbers are subject to revision in March of next year, but so far it's been a good year in 2014.
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THIS needs to open on the ground floor. I can guarantee Dallas won't have one.
http://www.buzzfeed.com/scottybryan/13-problems-you-often-encounter-in-waitrose
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Wait till they strip the blue shrink-wrap off the windows.
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Well, you did it again. You scooped the Chronicle.
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Another thing I noticed...all black people in this rendering.
Actually, that's the Secret Service.
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Here's hoping the building was well worth it!
7 levels, including parking? Draw your own conclusions. It's not like the trees are in the way of the Burj.
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Basically, Russian economy is in collapse, so if this was the goal of Saudi Arabia, it appears they're succeeding thoroughly.
The Saudis appear to be going for the whole nut, as they are undercutting the Russians, the Venezuelans, the Nigerians and a few of their OPEC colleagues, embracing free market principles, for a change, and telling the frackers that they are willing to let the price float to a level that reflects a balance between supply and demand. Because of that, several competitors may get knocked out of the market, but on the other hand, the Saudis will not be able to gain pricing power and return prices to $100 a barrel because the frackers will simply be able to drill all they want and undercut OPEC again.
That said, some of the local oil barons must be kicking themselves and saying, "We only needed to cut production 3% to balance supply with demand. Now, prices have dropped 40%, so whatever share we would have gained has caused us to lose 35% in revenues. What were we thinking?"
But the airlines should benefit.
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Some good news, for a change, as 215,000 sf of office space gets leased...
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KP Plaza: Mixed-Use Development At Beltway 8 & Beechnut St.
in Points Southwest
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Incidentally, that condo is a building with an office space component, according to the marketing materials. Or perhaps the office building will look exactly like the condo.