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Nate99

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Everything posted by Nate99

  1. Nate99
    Reminds me of “Deer Park” brand bottled water sold in the northeast. Nothing wrong with “The Harwin”, unless you’re in Houston.
  2. Nate99
    That’s awful.
  3. Nate99
    Good to hear, if they close the parking lot, I'll post up.
  4. Nate99
    Nominees for high rise apartment names you won't see soon: The Kingwood The Mykawa The Lockwood The Red Bluff The Crosstimbers
  5. Nate99
    Looks that way...
  6. Nate99
    Sign showed up...
  7. Nate99
    Kind of sounds like the last guy tried the GoFundMe approach to capitalizing this project already. I'm in for a fiver if one of y'all renders up the 1836' helixed oil derrick design with Columbia blue and red LED's.
  8. Nate99
    Looks like they have done a ton of work to make sure that the Hogg building doesn't fall into the hole. Given that they are drilling big, long pilings that are extending up to the surface, I'm guessing that the base of the hole won't get any deeper and they'll put the mat roughly where the dirt is now once they are done with drilling and installing these pilings. IIRC, the Aris foundation was about the same, not all that far below street level.
  9. Nate99
    They dug a nice hole and filled it in about half way with new structure. Unless someone was of a mind to buy it up and continue on with the bones of the "Regalia" design, this is going to be a blighty mess for a while, but at least it's a different blighty mess than what was there previously. One cheer for variety.
  10. Nate99
    That's encouraging, though I did see some Hare Krishna downtown last week, so don't get your hopes up.
  11. Nate99
    It's not much different than it was before. Freshened up, new finishes, trim, etc., but substantially the same looking coming in off the sidewalk. Apart from the valet/bellman, I don't think anything is going down there. There's a bar and the registration desk on the 2nd floor lobby that I didn't get in the pictures.
  12. Nate99
    It's open. Lobby is on the 2nd floor..
  13. Nate99
    Interesting. Maybe he's wary of the decade of construction disruption.
  14. Nate99
    It's paint, I saw the rollers. Looks to match the original color pretty well, I don't have any opinion on it personally, apart from it looking cleaner.
  15. Nate99
    They are painting the brick...
  16. Nate99
  17. Nate99
    Big crane being assembled in the hole. I'm guessing the red steel segments stacked up are for a larger piling drilling rig, but don't really know.
  18. Nate99
  19. Nate99
    That's neat. I never realized that they actually opened it, though I did follow the lawsuit about keeping the connection post-Hines acquisition of the Chronicle building, so I figured it would be there once the Texas Tower opened. I just thought it was interesting that they didn't put "garage" on the sign, I took it as hopeful.
  20. Nate99
    Maybe it belongs in the thread about the idea of a tower three blocks over, but I saw this under the Houston Club/Capitol Tower/BOAT. This is heading into the Texas Commerce Bank Tower (for brevity).
  21. Nate99
    If someone were going to redevelop a half block, there are arguably three or four of them that are currently vacant within two blocks of the Hogg building with another just completed structurally, but not built out/occupied (Lyric Market). If Randall Davis were willing to sell a (presumably) income generating property for less than whoever owns the Houston Ballet half block lot or the Chase Bank drive through lot, that would be the problem of which any tear-down plan would only be a symptom. If the Hogg lofts were losing money for Davis, that's another rather larger problem for DT residential. The Icon and Lancaster are right there, not sure what their occupancy rates are, but the immediate area is pretty good for boutique hotels. My guess/hope is that they are keeping up with the Joneses and offering a product that will compete with Aris, Preston, and MST. The rents those guys are asking have to be tantalizing.
  22. Nate99
    I am guessing that is just to refit a floor for marketing efforts.
  23. Nate99
    Fencing is down and we have a sidewalk back.
  24. Nate99
    Agree with H-Town and others. It's not impossible, exactly, but anything that ever actually earned a 32% IRR had a gigantic speculative upside that no one could have predicted. I figured it was some other convention in the math that I am not familiar with, but it doesn't sound like it.
  25. Nate99
    I'd apply a risk premium to that, but I'd have to divide by zero. Never would have guessed they could have drummed up enough for the crane rental going that route.
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