Pumapayam Posted August 7, 2008 Share Posted August 7, 2008 Some positive news, the Titan will break ground in 4 months, with completion 2 years from now. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted August 7, 2008 Share Posted August 7, 2008 Some positive news, the Titan will break ground in 4 months, with completion 2 years from now.It depends on pre-sales. They aren't where they need to be yet. Quote Link to comment Share on other sites More sharing options...
citizen4rmptown Posted August 7, 2008 Share Posted August 7, 2008 just read the thread and,really like the building,spires are always nice additions.. Quote Link to comment Share on other sites More sharing options...
jc281 Posted August 7, 2008 Share Posted August 7, 2008 Some positive news, the Titan will break ground in 4 months, with completion 2 years from now.Not rly. Still not 100% Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted August 7, 2008 Share Posted August 7, 2008 Not rly. Still not 100%Well, I am just going by what was told to me, I am sure it can still change, but positive news nonetheless.I received the sales packet in the mail today, and it was full of the floorplans for the units. There are 21 different ones to choose from, it appears. A special letter was also included, mentioning that pricing & contract executions would occur around May and construction should begin by July. Also, the website should be updated and a promotional video should be online within the next 15 days.It has already missed the original ground breaking date as seen above, but at least it is still on some sort of construction schedule. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted August 7, 2008 Share Posted August 7, 2008 Well, I am just going by what was told to me, I am sure it can still change, but positive news nonetheless.My source is Randall Davis, himself, in person, as of 19 hours ago. Quote Link to comment Share on other sites More sharing options...
jayshoota Posted August 7, 2008 Share Posted August 7, 2008 My source is Randall Davis, himself, in person, as of 19 hours ago. That is one heck of a source. Quote Link to comment Share on other sites More sharing options...
roadrunner Posted August 7, 2008 Share Posted August 7, 2008 My source is Randall Davis, himself, in person, as of 19 hours ago. Did he happen to slip you any info about Sonoma? Quote Link to comment Share on other sites More sharing options...
swtsig Posted August 7, 2008 Share Posted August 7, 2008 Did he happen to slip you any info about Sonoma? what he said.... Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted August 7, 2008 Share Posted August 7, 2008 My source is Randall Davis, himself, in person, as of 19 hours ago.So you are saying he might invest all this hype and marketing and not constuct the building, a la Shamrock Tower? Quote Link to comment Share on other sites More sharing options...
JWW Posted August 7, 2008 Share Posted August 7, 2008 Did he happen to slip you any info about Sonoma? Davis said, at his ULI event at the Cosmopolitan yesterday, that he has 50% pre sales on the residential part of sonoma, they have restaurant after restaurant lined up for retail, and he cannot get financing so far. Sure it has been making him want to pull his hair out - with his track record, I would think it would have been easier. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted August 7, 2008 Share Posted August 7, 2008 (edited) So you are saying he might invest all this hype and marketing and not constuct the building, a la Shamrock Tower?That is correct. If he can't get financing on reasonable terms, he can't build it. That's how it works, whether you're Randall Davis or Tracy Suttles. Edited August 7, 2008 by TheNiche Quote Link to comment Share on other sites More sharing options...
roadrunner Posted August 7, 2008 Share Posted August 7, 2008 Davis said, at his ULI event at the Cosmopolitan yesterday, that he has 50% pre sales on the residential part of sonoma, they have restaurant after restaurant lined up for retail, and he cannot get financing so far. Sure it has been making him want to pull his hair out - with his track record, I would think it would have been easier.I guess that's the irony of a booming Houston. Quote Link to comment Share on other sites More sharing options...
swtsig Posted August 7, 2008 Share Posted August 7, 2008 Davis said, at his ULI event at the Cosmopolitan yesterday, that he has 50% pre sales on the residential part of sonoma, they have restaurant after restaurant lined up for retail, and he cannot get financing so far. Sure it has been making him want to pull his hair out - with his track record, I would think it would have been easier.the capital markets are bone dry right now, so that's not too surprising. here's hoping he can secure something before all his potential tenants walk. Quote Link to comment Share on other sites More sharing options...
jc281 Posted August 7, 2008 Share Posted August 7, 2008 So you are saying he might invest all this hype and marketing and not constuct the building, a la Shamrock Tower?Obviously not the goal but always a possibility.He also mentioned Sapphire in S.Padre encountered some damage from Eduardo. Was hard to tell to what extent though Quote Link to comment Share on other sites More sharing options...
sevfiv Posted August 18, 2008 Share Posted August 18, 2008 Still trying to get buyers with three new floor plans (and the names are GREAT):Titan announces three fabulous new floor plans Jagger, da Vinci and Armani! In response to requests for a one bedroom design, the Jagger offers 1016sf of living space and a 64sf terrace with an outstanding view south from your spacious great room and master bedroom. The da Vinci is a three bedroom, two and a half bath with 1804sf and a 155sf terrace commanding the unparalleled southwest Boulevard view. Or you may prefer the Armani, a three bedroom, two and a half bath with private elevator entry into your home's foyer. The Armani overlooks the lights of the city on the southeast corner and features two terraces for your exclusive star gazing above it all!We invite you to visit our Sales Center open daily at 1405 Post Oak Boulevard to explore the advantages of the incomparable high rise lifestyle waiting for you at Titan! Quote Link to comment Share on other sites More sharing options...
intencity77 Posted December 29, 2008 Share Posted December 29, 2008 Seems we have a "no go" according to today's chron.com:Developer Davis scrubs planned Titan condo projectRandall Davis has cancelled plans to build Titan, a 25-story luxury condo tower set for Post Oak Boulevard, because of the economic crisis.The local developer said he was unable to reach his lender Quote Link to comment Share on other sites More sharing options...
beachwatcher Posted December 30, 2008 Share Posted December 30, 2008 Randall Davis's Titan is no morehttp://www.chron.com/disp/story.mpl/headli...iz/6186349.html# Quote Link to comment Share on other sites More sharing options...
editor Posted December 30, 2008 Share Posted December 30, 2008 Sad to read. Expect more of this in the future.On a brighter note -- Big thumbs up for Randall Davis being honest and talking to the newspaper about it in a frank and open way. Most companies just put out press releases with non-speak like, "We're re-aligning our strategic focus," or some such similar crap. RD should get a lot of respect for being candid on what so many developers see as a touchy subject. Quote Link to comment Share on other sites More sharing options...
liammclaren Posted December 31, 2008 Share Posted December 31, 2008 Can't say I'm sad to see that one go... Quote Link to comment Share on other sites More sharing options...
Subdude Posted January 1, 2009 Share Posted January 1, 2009 Note Titan topics merged. Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted January 30, 2012 Share Posted January 30, 2012 (edited) On a brighter note -- Big thumbs up for Randall Davis being honest and talking to the newspaper about it in a frank and open way. Most companies just put out press releases with non-speak like, "We're re-aligning our strategic focus," or some such similar crap. RD should get a lot of respect for being candid on what so many developers see as a touchy subject.Sent a note last week based on this comment from Nancy's article on the cancellation of the Titan where he stated the following back in late 2008.“In the last four or five months, I haven’t had any sales as the world stood still,” he said. “Since I can’t get a loan, I’m forced to temporarily cancel the property. I hope to resurrect it again .”I did get a message from Randall Davis regarding the Titan when I hit up the old page for an info update considering it was left open ended and we were surprised with a similar project of significance last week just across the street.Payam,Please read the note below from Randall…Thank you.Payam,Nothing is easy these days, I am trying my best to start a new Hi-Rise in a difficult financing and sales environment. My crystal ball is broken however.Best-Randall Edited January 30, 2012 by Pumapayam 2 Quote Link to comment Share on other sites More sharing options...
JoninATX Posted January 31, 2012 Share Posted January 31, 2012 So there is still a chance for him to bring back The Titan. Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted January 31, 2012 Share Posted January 31, 2012 (edited) So there is still a chance for him to bring back The Titan.I would assume that the success of the Astoria would play a huge role in that, the "new highrise" he reference in my email. Twice now he avoids saying "no". McDonald's back then was even willing to sell the property.It would be a waste since you know that have the architectural plans ready to go. Edited January 31, 2012 by Pumapayam Quote Link to comment Share on other sites More sharing options...
lockmat Posted January 31, 2012 Share Posted January 31, 2012 I would assume that the success of the Astoria would play a huge role in that, the "new highrise" he reference in my email. Twice now he avoids saying "no". McDonald's back then was even willing to sell the property.It would be a waste since you know that have the architectural plans ready to go.Isn't the new highrise he is referencing in the email about Astoria? That's what I gathered. Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted January 31, 2012 Share Posted January 31, 2012 Isn't the new highrise he is referencing in the email about Astoria? That's what I gathered.Yup, the "new highrise" is the Astoria. So the success of that might be enough to bring the Titan back to the table. Quote Link to comment Share on other sites More sharing options...
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