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lockmat

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Everything posted by lockmat

  1. lockmat
    We missed some other important quotes from the article! Self funding and commencing in November!: In Houston, Mr Russo said, there are good profits to be made. "There's no zoning at all like there is in Melbourne. You go through a planning authority but it's pretty straightforward. I bought my first site in January and will commence construction in November." "There are no off-the-plan sales. I will build the tower, lease it up and then sell the apartments to a pension fund in one line. For me it's like a working holiday." He said the US developments were being funded from his own capital, plus mezzanine and senior debt. "I'm also looking at opportunities in Seattle." Read more: http://www.afr.com/real-estate/joe-russo-buys-in-houston-as-melbourne-opportunities-run-dry-20160317-gnlfqw#ixzz47dPcQBid Follow us: @FinancialReview on Twitter | financialreview on Facebook
  2. lockmat
    So far I don't see any reason to believe it's not legit. The information we have is not from a developer website but from two independent news sources.
  3. lockmat
    Have you had a chance yet to see it in person? To me, the stone looks much better.
  4. lockmat
    Swamplot posted the above photo. http://swamplot.com/digging-into-the-downtown-tunnel-tussle-that-spurred-the-hines-hearst-lawsuit/2016-04-28/ A couple of things: 1) Do you guys think the entrance to the new tunnel gives away the orientation? It seems most are at the front of a building. 2) If they want to build a tunnel, doesn't that pretty much confirm this will mostly be an office tower? 3) Swamplot reported in their follow-up article that Hines repeatedly told Linbeck they would be demolishing the building. If Linbeck is right that they had access to it, how does repeatedly telling Linbeck you're breaching the contract make it right? 4) I think in the long run, Linbeck will eventually have access to the tunnel once Hines builds, they just might have to wait until they do or if they decide to build first they'll have to pinky promise their tenants they 'll eventually have access. 5)Lastly, the tunnel access on Hines' site pretty much guarantees they'll have an office component too. The tunnels is part of what makes a downtown Houston building class A.It would be a waste not to incorporate it.
  5. lockmat
    Maybe it was purposefully blatantly wrong? #marketing
  6. lockmat
    Half of my urban dream has come true now that I work downtown (the other is to live there). So now I walk across Dallas on the far east side twice a day and love to look down and see these improvements. The construction and light poles make the street feel open and welcoming. The trees they chose to line the street with fit well, too. I'm happy they didn't go with oaks.
  7. lockmat
    I'd love for fellow HAIFers to chime in on this, but I think when they file it's a very good chance it gets built. I would say at least 75%? And a plat is just a defined piece of land. Maybe lot and plat may be synonyms? At least you could probably think of it in that way.
  8. lockmat
    I like it, but is there a secret height restriction of 30 stories in the Galliera area? I'm perplexed by this statement. He said it's the last piece of the puzzle but it will "continue to densify?" Obviously we know it will densify with this addition, so he must be speaking of development after this project, right? Also, I could count about 40 floors when I zoomed in so I don't think we should hold our breathe on this design. They could probably keep it, but if they're going to cut 10-20 floors, I kind of doubt it. Plus, the planned groundbreaking is almost two years away which is way too much time for them not to change their minds.
  9. lockmat
    Uber is our public transportation. I think most visitors would rather use it from the airport than a train that takes twice as long.
  10. lockmat
    Here's a question for people living downtown: Do you want downtown to be more like Times Square or simply a busy neighborhood?Of course, it could be both, but I don't think I'd want to live closer than three of four blocks from Times Square.
  11. lockmat
    I'm really looking forward to seeing the angles at the top of the building. It's getting there...
  12. lockmat
    I'm pasting the rest of the summary and other sections for people who don't click on the link: PROJECT SUMMARY: The owner proposes to remove non-original windows, doors and storefront systems on the Main (east) and Rusk (south) elevations at the ground and second (mezzanine) levels. Currently several different storefront and window systems are installed at the ground and mezzanine levels. No original materials are proposed for removal. The design reintroduces retail space at the corner of Rusk and Main (former location of Sakowitz Brothers department store) and will reestablish views into and through the building. Dark tinted glass in black, thick frames and opaque glass in silver-toned frames will be removed and replaced with a consistent storefront system with clear class and bronze-toned frames. A boxed canopy over an entrance on Rusk will be removed and replaced with a light metal and glass canopy. The new ground level window and door design reference (but not replicate) historic storefront rhythm, proportions, glass clarity and frame coloring. At the mezzanine level, clear glass will be installed at the existing openings. This sensitive and compatible contemporary window solution allows for economy and flexibility for retail tenant build-outs, and may establish a new building standard for future work on bays or elevations not included in the current scope of work. HISTORIC SUMMARY: Located in the center of downtown Houston, the Gulf Building is a significant 1920s Gothic and art Deco skyscraper. Architect Alfred C. Finn designed the original 30- story building, which occupies a quarter of the block at the corner of Rusk and Main. The Gulf Building opened in 1929 with Gulf Oil, National Bank of Commerce, and Sakowitz Brothers as the primary tenants. After World War II two annexes, also designed by Finn, were added on Travis Street and Rusk Avenue. The annexes share the basic character and style of the original structure. In whole, the 712 Main building has an ‘L’ shaped footprint and occupies approximately three-quarters of the block. The adjacent building, 708 Main is commonly owned and connected at the interior to the Gulf Building at 712 Main. 708 Main, located at the corner of Main and Capitol, is not historically designated. WORK AREA: The proposed exterior work is confined to the ground and mezzanine levels of the building at the Main (west) and Rusk (south) elevations. Interior work is proposed at the north portion of the building fronting Main that connects to 708 Main. The Rusk and Main area is referred to as the “Retail and Currency Lounge” and the area connecting to 708 Main is referred to as the “Lobby and Portal”. At the exterior, bays M1 and M3 through R19 are proposed to be altered at the ground and mezzanine levels. Exterior work is described by bay location. Bays on each facade have been labeled with a letter and number; the first letter indicates the facing street and is followed by number, assigned clockwise from the start of the structure on the north side of Main (Figure 3).
  13. lockmat
    So considering that 609 still has a lot of vacancy and the O&G industry stinks, we should expect in announcement in 4-5 years at the soonest? Unless of course they decide to go mixed-use or hotel?
  14. lockmat
    It doesn't require a username and password but using links doesn't work. You have to go through the website.
  15. lockmat
    strange. I wonder why they changed their minds.
  16. lockmat
    I'm actually not sure if the company I posted is the parent company or just a subsidiary. Here is a list of all their partners http://www.triyarhospitalityllc.com/partners.html
  17. lockmat
    A taste of what they are doing... http://www.triyarhospitalityllc.com/projects.html
  18. lockmat
    Excellent work detective! EDIT: What do y'all think about McCue road that splits this property. Does it look like this entire thing could fit on the eastern half? It certainly doesn't look like it would take up both sides.
  19. lockmat
    Urby, how did we conclude this is Mcnair, because of NRG on the big screen? I quickly browsed through the entire thread and didn't see any mention. I wouldn't be surprised. He had cancer a few years ago. With this and his TMC endeavors, he may be trying to leave his mark on the city. And for the record everyone, this site originally was planned to have an 80+ tower. Go reread the first few pages of this thread.
  20. lockmat
    The thumbnail shows it in its entirety
  21. lockmat
    So it looks like there is only about 23 of the 33 floors of the residential tower showing in the rendering. Pretty cool development.
  22. lockmat
    This is moving pretty fast isn't it? Or are others just slow?
  23. lockmat
    Thanks for sharing. Always to watch these BoyarMiller videos. Maybe you posted it in the citycentre thread but later he mentions their plans for that have stalled and will probably change.
  24. lockmat
    Not down with pragmatism? If these were downtown I'm guessing they wouldn't be as affordable, pricing out their market.
  25. lockmat
    I'm sure the same type of people that will live here are the ones who first moved in and pioneered midtown. And although the immediate area isn't grown up yet I think these people see the potential and are probably satisfied with the proximity of midtown and downtown.
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