You're right. The HQ building on Tarrow was nothing but a concrete shell for probably a decade before A&M bought it and completed it. There were several structures like that that began in the early 80's but were victims of the Texas bank crash of '84-87. Most sat vacant for quite some time. The St Michael's Academy building on South College was originally going to be an office park that sat incomplete for years. The Crystal Park Plaza building at Hwy 6 & Emerald Pkwy was never completed and it sat there with broken out panes of glass for close to 10 years up until the mid '90s.
Adam has already tried to get A&M to take his house as a living trust donation but they turned it down. I'm assuming that was so he didn't have to pay the $50K+ a year in property taxes on it.
I don't know Mr. Adam personally, but from what I do know, he doesn't like to lose. He will finish that building. There are some pending lawsuits between him and the 1 or 2 general contractors who were on the job before his own Madison Construction took it over recently. With his luck he'll probably get back all of the money he paid those companies and use it to complete the building. I just wish it'd be over with already. I drive by that thing everyday would really like to see it completed. It will be a great addition to B/CS when it finally is done....if I remember from the original groundbreaking news it was the largest building between Houston & Dallas to break ground in decades if not ever.
Don Adam's timing on the sale of his cable business was right before the internet boom. Had he waited 2-3 more years he would have gotten 10 times more. The timing of the sale of First American to Citi Group was ok.
His latest bank in Orlando American Momentum was not well timed. He came into the Florida market at the top of the housing bubble in late 2006.
Miramont is a huge drain and was a big mistake. That huge home he built was also a big mistake as their will never be a buyer in the future. A home like that in Highland Park would be ok.
He had a Gulfstream G5 and sold it. I know he still has a Lear45, thats a nice plane. I would have bought a Falcon 50 myself as it can fly coast to coast and to Europe.
I would have to guess ego is his biggest enemy. I know he is generous man and a Christian. That makes him ok in my book.
Should he ever need any business advise I would be more than happy to assist. Alternative energy is the future IMO.
First American Bank Corporate Headquarters
in Bryan-College Station
Posted
Don Adam's timing on the sale of his cable business was right before the internet boom. Had he waited 2-3 more years he would have gotten 10 times more. The timing of the sale of First American to Citi Group was ok.
His latest bank in Orlando American Momentum was not well timed. He came into the Florida market at the top of the housing bubble in late 2006.
Miramont is a huge drain and was a big mistake. That huge home he built was also a big mistake as their will never be a buyer in the future. A home like that in Highland Park would be ok.
He had a Gulfstream G5 and sold it. I know he still has a Lear45, thats a nice plane. I would have bought a Falcon 50 myself as it can fly coast to coast and to Europe.
I would have to guess ego is his biggest enemy. I know he is generous man and a Christian. That makes him ok in my book.
Should he ever need any business advise I would be more than happy to assist. Alternative energy is the future IMO.