Jump to content

citykid09

Full Member
  • Posts

    3,132
  • Joined

  • Last visited

  • Days Won

    2

Everything posted by citykid09

  1. Does this mean that it's closing? What will replace it if so?
  2. NEW OR OLD????? Pavillion at Houston Center http://www.altoonporter.com/services/urban...nter/index.php# LOCATION: Houston, Texas CLIENT: Crescent Real Estate Equities Inc. and Entertainment Development Group SIZE: 7 square blocks, downtown
  3. Landry's bets $140 million on Las Vegas casino By DAVID KAPLAN Copyright 2005 Houston Chronicle RESOURCES Check stock quotes. Enter ticker for Landry's: LNY Landry's Restaurants is getting into the gambling business after reaching a deal with the owners of the Las Vegas hotel-casino the Golden Nugget. Landry's shares surged nearly 10 percent on the news. The Golden Nugget is the biggest of 14 hotel casinos in downtown Las Vegas. The facility has 40,000 square feet of gaming and three towers containing 1,907 guest rooms. Houston-based Landry's will pay Poster Financial Group $140 million in cash and take on $155 million in debt. For months, rumors swirled over what Landry's intended to do with $400 million raised through a debt offering. In late December the Chronicle reported that Landry's CEO Tilman Fertitta was eyeing Las Vegas casinos. The casino industry has been booming. At that time, Riviera Holdings, owner of the Riviera Hotel & Casino in Las Vegas and the Black Hawk Casino in Colorado, saw its stock climb over speculation that Landry's was planning a takeover. Landry's acquisition of the Golden Nugget is expected to close within a year. Landry's owns more than 300 restaurants, including Landry's Seafood House, Joe's Crab Shack, Rainforest Cafe and Saltgrass Steak House, as well as the Kemah Boardwalk, Downtown Aquarium and Inn at the Ballpark in Houston. ``The Golden Nugget is the premier property in downtown Las Vegas, has outstanding brand recognition across the country, and is a perfect fit for us,'' Fertitta, said in a prepared statement. Poster Financial Group is owned by Timothy Poster and Thomas Breitling, the founders of travel Web site Travelscape.com, which was later sold to Expedia. Poster and Breitling bought Golden Nugget properties in downtown Las Vegas and Laughlin in June 2003 for $215 million from MGM Mirage Inc. They later sold the Laughlin property to Barrick Gaming Corp. for $31 million. Last year, the downtown property suffered from poor cash flow, a measure of a casino's profitability. Gambling analysts said it had been underperforming because the pair had embarked on a risky strategy of luring high rollers who could expose the casino to serious losses. Analysts said the bet didn't pay off and the casino's bottom-line took a big hit. The two owners also decided to take part in the Fox reality television show, The Casino. Created by Mark Burnett, the program turned out to be a bust and portrayed the casino in an unflattering light. The show was not renewed. Now the two are getting out at a time when casinos are being valued at record amounts. ``This sale is designed to capitalize on the tremendous demand for casino properties in Las Vegas and to enhance the ability of our company to participate in various business opportunities,'' Poster said in a news release. Chronicle reporter Tom Fowler and the Associated Press contributed to this article. ------ On the Net: Landry's Restaurants: http://www.landrysseafood.com/ Golden Nugget: http://www.goldennugget.com
  4. Does anyone know what that old Asian style shopping center is? Why isn't it still open? It looks like a nice place to redenvelope. I wish I could tell you exactly where it is but I can't.
  5. Maybe they will make it urban since the rail line will be located next to it.
  6. Feb. 2, 2005, 6:37AM Investors want to switch Northline from regular mall to open-air center By NANCY SARNOFF Copyright 2005 Houston Chronicle Sometime next year, Northline Mall, one of the oldest enclosed retail centers in Houston, could be a thing of the past. A new ownership group has plans to demolish the struggling mall to make way for an open-air shopping center filled with big-box retailers like Target, Wal-Mart and Best Buy. By early 2006, the new owners expect to be building nearly 900,000 square feet of new retail space along the perimeter of the 77-acre property. When that's done, they will tear down the mall for parking space. Before going forward, the new owners need to bring in the new tenants. And some real estate observers say they could have a hard time persuading national retailers to open stores at Northline because many of them already have locations nearby. Eastbourne Investments, a New York investment firm, has purchased a 50 percent interest in Northline from the original developer and owner, Berenson Associates of Boston, which will retain the remaining stake in the property. They hope the mall's current stores will relocate to the new center
  7. I have been there I know. It's like your traped in a sea of buildings and can't get out. It kind of makes you sick. But it's kinda cool and diffrent from normal life, in average cities.
  8. I would also have a Times Square type setup in Uptown, Kind of like what they are doing in Dallas. And I would pick one of the streets in Uptown and line it with walkable clubs, and pubs. Another thing I would do is keep adding to the Galleria, but make the newer parts walkable from the outside only. And I don't care what any of you have to say about this. I WANT A SUBWAY IN HOUSTON!!!! There is something about a subway thats more urban than street lightrail.
  9. Wouldn't a Dense Area in Uptown be Cool? Shopping, Living, Working, Walking!!! Some one should think of that. That would be cool. Maybe something like the little downtown Sugarland is working on, but more dense with taller buildings. Someone should develope something like this for Houston's Uptown. They could make millions. Everyone would want to live in that area. Then have the light rail run through (I say in a subway.) If I had the money to I would do this. JUst think it you had Bill Gates money what you could do for your city. If I had the money I would build a subway Uptown (with my own money) make a very dense area, with out of this world attractions. Houston woould be where everyone would want to come and vacation. I would buy out Richmond ave, nock down everything and in place make Houston's version of Bourbon St. I would by out Greenway Plaza move all of thouse business to downtown, and turn greenway in to an area where people live. I would fix Montrose up by making more buildings walkable and I would add street cars to this area, and they would go all the way into downtown. What would you do????
×
×
  • Create New...