The Great Hizzy!
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M5250: Gables Multifamily At 5250 Brownway St.
The Great Hizzy! replied to houstonfella's topic in Uptown and Galleria Area
You know, now that you mention it, I forget where the original blurb came from. HBJ article? In any case... this is very much how the Turnberry project was reported last year: speculation, then later a couple of confirming articles and then months later (like last week, in fact) an actual image.- 169 replies
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M5250: Gables Multifamily At 5250 Brownway St.
The Great Hizzy! replied to houstonfella's topic in Uptown and Galleria Area
Nah. I'm thinking it might be too early for that. Seems that this is one of those speculative deals, like the Turnberry was around this time last year. Hopefully more concrete details will emerge over the coming months.- 169 replies
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Oh, agreed. But I was talking about the project evolving to another block, such as the one with Josephine's on it (I know, I know, blasphemous) but still... I truly believe the residential boom in DT Houston will be the results of a continuing strong economy, the growth of the Discovery Green area and the Pavillions area. That's an ideal critical mass of amenities that, along with the convenience of LRT, could make developers willing to "go get it." We'll see.
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If the population base from those mere two residential midrises was going to have that much of an impact on the success of this project, then this project was/is doomed anyway. Like with Denver Pavillions, the development is looking to tap into the existing downtown population of workers, visitors and residential. I agree that it would be nice/cool to have the residential component at opening--and maybe it will eventually spawn an expansion some time after the grand opening--but the true success of this project--as it is/was with Denver--will come from the Pavillions' ability to lure workers, tourists and casual visitors downtown.
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Downtown CBD / Areas Outside Of Uptown
The Great Hizzy! replied to slfunk's topic in Dallas/Fort Worth/Metroplex
San Antonians: "moo, you and your tall buildings..." -
Camden Midtown: Multifamily At 2303 Louisiana St.
The Great Hizzy! replied to UrbaNerd's topic in Midtown
Don't worry about it. It's usually just a bunch mumbo-jumbo anyway. (j/k)- 276 replies
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Downtown CBD / Areas Outside Of Uptown
The Great Hizzy! replied to slfunk's topic in Dallas/Fort Worth/Metroplex
ROTFLMAO!! -
Camden Midtown: Multifamily At 2303 Louisiana St.
The Great Hizzy! replied to UrbaNerd's topic in Midtown
There's a passing comment on the Superblock site in that Washington Avenue article talking about Camden's continued desire to develop their project on said site. That's what Subdude was referencing.- 276 replies
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The main point is that we'll be able to spend hours nitpicking the tenants and their clientelle, which is better than spending hours arguing over whether the project is even going to get off the ground. Wee! That said, I tend to believe as WG believes that not all tenants listed will actually come to be. Most of them? Sure. All of them... not quite as confident. For example, does Hard Rock Cafe really want to move? Possible but not sure. And I'm also a little concerned about Red Cat's ability to support two locations downtown. Sure, the RC is one of the few places DT that has good business 7 days a week but even so, two locations less than a mile apart seems like a stretch to me. And I think the big contributors to the development WILL BE the bookstores, music stores and specialty shops.
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Hooray!
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It depends on saturation and the desire to live DT first. I think even with the onset of several high rise condos in DT, the prices would be more dependent on the level of demand. If demand is still high in lieu of all that construction, then I don't think you'll see a negative affect on property values. OTOH, even with a small number of highrises, if the demand dips, then so will the property values. The good thing is that for all of our laments concerning the swaths of parking lots and unused lands in and near DT, it does allow for numerous developments in the even that demand does become exceptionally high for highrise urban living.
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Widespread development isn't the problem in Houston. There's tons of developments all around the city. The problem is that a segment (read: HAIFers) of the population so desire to see an expansion and evolution of the TYPE of development found in the core that they anxiously await them and immerse themselves in every detail. There was a massive retail complex that finally opened up in NE Houston, but that's NE Houston, and it's strippish in nature, so we here at HAIF shrug our shoulders at it. However, a large, mixed-use development inside the Loop? Ha-cha-cha!!