beachwatcher Posted November 21, 2008 Share Posted November 21, 2008 Link to comment Share on other sites More sharing options...
rhino Posted November 25, 2008 Share Posted November 25, 2008 Does anyone know anything about the construction financing arrangements for Diamond Beach? I know the end of the seaweall in front of the site collapsed and eroded, and the gulf dug a stream/channel through the site.The channel was filled in by bulldozer several weeks later.I've been wondering that myself. They have a note on their website that they are continuing, but the hurricane damage in the area had to at least call it into question. I would expect that at least some of the buyers who put down deposits are now having second thoughts.I did see in the news recently that they are pulling the plug on the Sonoma and Titan condo projects in Houston since they couldn't obtain funding. I think those hadn't started yet whereas as Diamond Beach is already under construction. Even if Diamond Beach is still viable though, one would think they would consider delaying or mothballing the project until the economic picture improves. It just doesn't seem like a good time to buy an expensive condo like this right now. Link to comment Share on other sites More sharing options...
lockmat Posted November 25, 2008 Share Posted November 25, 2008 I've been wondering that myself. They have a note on their website that they are continuing, but the hurricane damage in the area had to at least call it into question. I would expect that at least some of the buyers who put down deposits are now having second thoughts.I did see in the news recently that they are pulling the plug on the Sonoma and Titan condo projects in Houston since they couldn't obtain funding. I think those hadn't started yet whereas as Diamond Beach is already under construction. Even if Diamond Beach is still viable though, one would think they would consider delaying or mothballing the project until the economic picture improves. It just doesn't seem like a good time to buy an expensive condo like this right now. Titan was canceled???? That must have been in the subscriber-only portion of the HBJ article. That was gonna be an awesome building. Hopefully it'll still get done some time in the future. Link to comment Share on other sites More sharing options...
ChannelTwoNews Posted November 25, 2008 Share Posted November 25, 2008 Titan was canceled???? That must have been in the subscriber-only portion of the HBJ article. That was gonna be an awesome building. Hopefully it'll still get done some time in the future. Not Cancelled. Yet. From the article... Slow-go and no-goProjects that promised new office and living space are making slow or no headway in Houston. Randall Davis Co. announced plans in September 2007 to build a 26-story condo tower on Post Oak, in place of an existing McDonald Link to comment Share on other sites More sharing options...
Vertigo58 Posted November 26, 2008 Share Posted November 26, 2008 Is this what all this hooplas all about? http://www.newcondosonline.com/texas-condo...4-091907-95419/ Link to comment Share on other sites More sharing options...
rhino Posted November 30, 2008 Share Posted November 30, 2008 Is this what all this hooplas all about? http://www.newcondosonline.com/texas-condo...4-091907-95419/ Yep, that's it. Their website is http://www.diamondbeachgalveston.com Does anyone know if there are any other condo towers even under construction in Galveston right now besides DB? I presume nothing new is kicking off since developers can't get financing. Palisade Palms is complete as far as I know. Link to comment Share on other sites More sharing options...
beachwatcher Posted December 14, 2008 Author Share Posted December 14, 2008 Link to comment Share on other sites More sharing options...
beachwatcher Posted December 14, 2008 Author Share Posted December 14, 2008 Link to comment Share on other sites More sharing options...
beachwatcher Posted December 14, 2008 Author Share Posted December 14, 2008 Link to comment Share on other sites More sharing options...
rhino Posted December 22, 2008 Share Posted December 22, 2008 A friend of mine noticed this article about a lawsuit against Randall Davis regarding the soundness of the development. It's an interesting ploy to get out of their contract and attempt to get their earnest money back. I wonder if this case has a chance, and I wonder if others are thinking of doing the same thing?http://www.setexasrecord.com/news/216513-s...lveston-seawall Link to comment Share on other sites More sharing options...
beachwatcher Posted December 29, 2008 Author Share Posted December 29, 2008 Link to comment Share on other sites More sharing options...
beachwatcher Posted December 30, 2008 Author Share Posted December 30, 2008 Not Cancelled. Yet.From the article...Titan is no more - deposits are being refundedhttp://www.chron.com/disp/story.mpl/headli...iz/6186349.html# Link to comment Share on other sites More sharing options...
Urbannizer Posted April 16, 2009 Share Posted April 16, 2009 Looks like construction has started again, also this development did not collaspe.We are pleased to report construction is moving full steam ahead at Diamond Beach Condominiums. Although we continue to experience some issues relating to Hurricane Ike, specifically as it relates to delivery of materials and supply of power, telephones and internet, the construction in place was relatively undamaged. The Seawall, parts of which were built 100 years ago to protect the Island from just such a storm, performed admirably. Despite the reports you may have seen in the news, Harris County Judge Ed Emmett was quoted saying, Link to comment Share on other sites More sharing options...
Urbannizer Posted December 5, 2009 Share Posted December 5, 2009 Phase 1 complete...http://www.diamondbeachgalveston.com/ Link to comment Share on other sites More sharing options...
rhino Posted December 8, 2009 Share Posted December 8, 2009 Phase 1 complete...http://www.diamondbeachgalveston.com/It's my understanding that they had their first closings on the lower floors just before Thanksgiving. I went out there to tour the facility a couple of months ago, and I was impressed. It's very nice and better than I expected. The lazy river is particularly cool. Link to comment Share on other sites More sharing options...
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