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toxtethogrady

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Everything posted by toxtethogrady

  1. toxtethogrady
    I have no idea when that supply is supposed to catch up with demand. There are shortages of everything in this town - concrete, labor, lots, people to approve the permits - and home sales are still claiming 7,000 units a quarter. As long as job creation is over 100,000 a year, there will be no shortage of need. As for Chevron, if their revenues start hurting that will only delay the tower. But absent a national recession prices won't stay down for too long.
  2. toxtethogrady
    And it also doesn't help that there's cost inflation here like nowhere else in the country.
  3. toxtethogrady
    Yeah, the eyes say "go", but the wallet says "no". You just can't trust those developers.
  4. toxtethogrady
    Well, the HBJ is breathlessly announcing an "Exclusive!" on this one that we've known about for months. They're still saying Q1 start next year, opening 2016. http://www.bizjournals.com/houston/blog/breaking-ground/2014/10/exclusive-new-spec-office-building-slated-for.html
  5. toxtethogrady
    ***
  6. toxtethogrady
    Well, the second Hotel ZaZa appears to be on a slow track, but we still have the first. It's Houston vs San Francisco, baby; let no one doubt our mojo.
  7. toxtethogrady
    The permit (well, permits) just got listed in HBJ.
  8. toxtethogrady
    Houston appears to be affected by two different market forces. First, the market has suffered at least a couple of noticeable busts in the early '80s and again in 2001, and all the developers swear they're never going to make that mistake again. Second, Houston has seen an awful lot of little-to-midsize projects - 100 to 300 rooms per hotel and plenty of offerings in the $100-200 a night category. The Marriott Marquis had to be solicited. The downtown residences had to be incentivized. New York and Chicago (and to some extent San Francisco and Miami) have no choice but to build upward; they don't have the room. Houston has the room, so 19 million sf of new office space is getting built in 15-30 story increments all over town. This is why I don't see another supertall anytime soon. World class development just isn't going to happen as long as there are too many opportunities for developers to make money building smaller projects.
  9. toxtethogrady
    There's a big splashy ad in today's HBJ for this property. Now 17 stories and 430,000 sf. The incredible shrinking office building.
  10. toxtethogrady
    I feel the earth move...
  11. toxtethogrady
    CBRE can't keep up with it all, either. They just split their development map into one more district, which they have nicknamed "Energy Corridor 2" (that just means it takes in the Exxon Mobil project and part of the north Grand Parkway).
  12. toxtethogrady
    Wrapelaks!
  13. toxtethogrady
    That's an impressive set of maps; it would be interesting to match up the reality with the vision. Any other theaters besides Ensemble and MATCH?
  14. toxtethogrady
    With all that happening on the avenue, developers should be making ground level space for retail all along Rusk. It would change the character of the street.
  15. toxtethogrady
    It would be a record-breaker for a property sale in this town. Everything else to date has set a record.
  16. toxtethogrady
    If they're trying for some LEED points, it may be a cistern.
  17. toxtethogrady
    The building is funded, so it will be going up.
  18. toxtethogrady
    Swamplot posted the renderings, thus breaking the HBJ barrier.
  19. toxtethogrady
    Could be shortage of materials. Or labor. Or both. Who knows?
  20. toxtethogrady
    I will be dead before then.
  21. toxtethogrady
    Pretty good for no formal announcement and no renderings...
  22. toxtethogrady
    If that render is correct, that first floor is awfully tall...
  23. toxtethogrady
    A bit related -- I went looking for a previous thread on the High School for Health Professions after seeing the following item in the HBJ. WHR, which seems to have done quite a few medical and educational projects (and just got acquired) is designing it: http://www.bizjournals.com/houston/blog/2014/10/new-health-care-high-school-to-rise-in-houstons.html As is typical of HBJ, their pictures can't be displayed elsewhere... http://www.bizjournals.com/houston/blog/2014/10/new-health-care-high-school-to-rise-in-houstons.html?s=image_gallery
  24. toxtethogrady
    Sounds like 38 is the new 24...
  25. toxtethogrady
    Word from the realty report is Hines is asking $50 a sf for this one.
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