cloud713 Posted January 25, 2019 Share Posted January 25, 2019 18 hours ago, HoustonBoy said: There is a rooftop soccer field that I see almost anytime Tokyo is featured in a movie and seeing that Houston might be getting one is a childhood dream come true Houston has a rooftop soccer field.. it’s just on top of a parking garage at Phillips 66 campus on Beltway 8 west. I was oddly excited when Phillips 66 announced it, after seeing the Tokyo rooftop soccer field in movies for years. 1 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted January 25, 2019 Share Posted January 25, 2019 3 hours ago, C List said: To be completely honest, Midway does not own the property. They are the General Partner so they probably own 5% of the property and would not be putting up the majority of the capital for renovations, all they do is provide the vision and programming. It is up to the Limited Partner (Lionstone) to decide when and what actually gets funded. I know everyone likes to think designing, programming, and construction are the epicenters of buildings but I promise it is finance. I'm willing to bet that when the team got their hands on the property in 2012 and then sat through the downturn 2014, that the property needed a whole lot more money infused and that the returns weren't worth it. Sometimes you have to sit on a property and find the right time, sometimes you have to admit you got it wrong and sell. If it was easy to flip/build a property I'm sure you would be doing it yourself. I commented a while back in this thread that a leasing broker for this property told me that they were letting leases run out and occupancy fall so that they can do further renovations. This was approximately one year ago. It is the same thing going on with the Shops at Houston Center. You have to let leases run out so your hands aren't tied. The fact that the hotel was built and that Midway was the winning bidder to redevelop the Sakowitz garage a couple years ago suggests to me that they do not have any regrets about decisions that were made in 2012. 2 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted January 25, 2019 Share Posted January 25, 2019 16 minutes ago, H-Town Man said: I commented a while back in this thread that a leasing broker for this property told me that they were letting leases run out and occupancy fall so that they can do further renovations. This was approximately one year ago. It is the same thing going on with the Shops at Houston Center. You have to let leases run out so your hands aren't tied. The fact that the hotel was built and that Midway was the winning bidder to redevelop the Sakowitz garage a couple years ago suggests to me that they do not have any regrets about decisions that were made in 2012. Is that news? Did we know about Midway wining the right to redevelop the Sakowitz garage? Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted January 25, 2019 Share Posted January 25, 2019 8 minutes ago, Houston19514 said: Is that news? Did we know about Midway wining the right to redevelop the Sakowitz garage? There was an RFP and Midway came away as... maybe "winning bidder" isn't the right term but, in the driver's seat. This was hinted but not confirmed at the time by another poster on here. That project seems to have gone at least temporarily cold, however. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted January 25, 2019 Share Posted January 25, 2019 4 minutes ago, H-Town Man said: There was an RFP and Midway came away as... maybe "winning bidder" isn't the right term but, in the driver's seat. This was hinted but not confirmed at the time by another poster on here. That project seems to have gone at least temporarily cold, however. I just went through that thread and the primary hint was by you and it indicated that Hines was the winner. I'm sure there must have been a follow-up article about that in the Chronicle, just like the follow-up articles about the RFPs for development of the block being the Marriott Marquis, right? Right? Why can't I find them? (Yes, of course I'm joking.) Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted January 25, 2019 Share Posted January 25, 2019 Just now, Houston19514 said: I just went through that thread and the primary hint was by you and it indicated that Hines was the winner. I'm sure there must have been a follow-up article about that in the Chronicle, just like the follow-up articles about the RFPs for development of the block being the Marriott Marquis, right? Right? Why can't I find them? (Yes, of course I'm joking.) Read more carefully. I guessed Hines and was wrong. The hint was from swtsig, (that a "very well known and respected local developer won out") and posts appear to have been deleted, but out of numerous guesses someone guessed Midway and he liked that post. Take from it what you will, he has been wrong about things before. 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted January 25, 2019 Share Posted January 25, 2019 (edited) 7 minutes ago, H-Town Man said: Read more carefully. I guessed Hines and was wrong. The hint was from swtsig, (that a "very well known and respected local developer won out") and posts appear to have been deleted, but out of numerous guesses someone guessed Midway and he liked that post. Take from it what you will, he has been wrong about things before. How can I read deleted posts? Edit: I see it now. That swtsig's initial post and "like" was all in a different thread from the one I was looking at (there are two threads on the Sakowitz block redevelopment). Good tea-leaf-readiing there, H-Town Man. Edited January 25, 2019 by Houston19514 1 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted January 25, 2019 Share Posted January 25, 2019 Just now, Houston19514 said: How can I read deleted posts? The hint was not deleted. It was quoted in a few posts. Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted January 25, 2019 Share Posted January 25, 2019 6 hours ago, C List said: To be completely honest, Midway does not own the property. They are the General Partner so they probably own 5% of the property and would not be putting up the majority of the capital for renovations, all they do is provide the vision and programming. It is up to the Limited Partner (Lionstone) to decide when and what actually gets funded. I know everyone likes to think designing, programming, and construction are the epicenters of buildings but I promise it is finance. I'm willing to bet that when the team got their hands on the property in 2012 and then sat through the downturn 2014, that the property needed a whole lot more money infused and that the returns weren't worth it. Sometimes you have to sit on a property and find the right time, sometimes you have to admit you got it wrong and sell. If it was easy to flip/build a property I'm sure you would be doing it yourself. Midway and whomever else can do what theywish, as I said. I also didn’t say it was easy nor that I had any chance of doing it myself. That said, what I did say is that I am tired of midway publishing gorgeous renderings of this property that, IF it gets built, looks nothing like the rendering. There is a pattern of this since 2012, IMO. since you say that finance folks are in charge, perhaps midway et al should wait to publish all the glitzy renderings until the finance folks approve of the cost. If the glitz isn’t approved, then publish renderings of what the finance folks did approve. Seems Simple, honest, and straight forward. 2 Quote Link to comment Share on other sites More sharing options...
j_cuevas713 Posted January 31, 2019 Share Posted January 31, 2019 Well we know another tenant moving in. I think this is great with AT&T Sports Houston and Hotel Alessandra. And if it’s true Lifetime Fitness is coming, that and Forever 21, the House of Blues, and a host of restaurants imo means GreenStreet is heading in the right direction. https://www.chron.com/techburger/article/MassChallenge-business-accelerator-opening-in-13573843.php 3 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted January 31, 2019 Share Posted January 31, 2019 4 hours ago, j_cuevas713 said: Well we know another tenant moving in. I think this is great with AT&T Sports Houston and Hotel Alessandra. And if it’s true Lifetime Fitness is coming, that and Forever 21, the House of Blues, and a host of restaurants imo means GreenStreet is heading in the right direction. https://www.chron.com/techburger/article/MassChallenge-business-accelerator-opening-in-13573843.php The article says this will be at Main and Clay. So I guess it will be on the ground floor of GreenStreet's parking garage. 2 Quote Link to comment Share on other sites More sharing options...
swtsig Posted January 31, 2019 Share Posted January 31, 2019 midway backed off of the sakowitz site, at least they had as of a few months ago. 1 Quote Link to comment Share on other sites More sharing options...
SMU1213 Posted January 31, 2019 Share Posted January 31, 2019 (edited) 18 hours ago, j_cuevas713 said: Well we know another tenant moving in. I think this is great with AT&T Sports Houston and Hotel Alessandra. And if it’s true Lifetime Fitness is coming, that and Forever 21, the House of Blues, and a host of restaurants imo means GreenStreet is heading in the right direction. https://www.chron.com/techburger/article/MassChallenge-business-accelerator-opening-in-13573843.php Lifetime is going there. Per a contact, the lease is signed. Edited January 31, 2019 by SMU1213 6 Quote Link to comment Share on other sites More sharing options...
nate4l1f3 Posted March 12, 2019 Share Posted March 12, 2019 Not sure the second image is exactly Dallas and Main but looking good. 1 Quote Link to comment Share on other sites More sharing options...
Tumbleweed_Tx Posted March 15, 2019 Share Posted March 15, 2019 the sugar and cloth color wall? WTF is that... lol Quote Link to comment Share on other sites More sharing options...
CaptainJilliams Posted March 15, 2019 Share Posted March 15, 2019 Definitely dig the greenery, hopefully, we get something similar to what the renderings show. 1 Quote Link to comment Share on other sites More sharing options...
intencity77 Posted March 15, 2019 Share Posted March 15, 2019 5 minutes ago, Tumbleweed_Tx said: the sugar and cloth color wall? WTF is that... lol A color blocked wall mural that was originally off Canal in the East End. Guess it’s since moved to Green Street. 1 Quote Link to comment Share on other sites More sharing options...
CaptainJilliams Posted March 27, 2019 Share Posted March 27, 2019 Newest downtown tenant: Life Time Fitness Center and Co-Working Space Set for a 2020 opening. Read more here: https://www.houstonchronicle.com/business/article/Newest-downtown-tenant-Life-Time-fitness-center-13717442.php 9 Quote Link to comment Share on other sites More sharing options...
Timoric Posted April 2, 2019 Share Posted April 2, 2019 (edited) - Edited July 12, 2019 by Timoric 2 Quote Link to comment Share on other sites More sharing options...
Popular Post Tumbleweed_Tx Posted June 26, 2019 Popular Post Share Posted June 26, 2019 so we did a thing today... 13 Quote Link to comment Share on other sites More sharing options...
urbanize713 Posted September 30, 2019 Share Posted September 30, 2019 https://www.cnbc.com/2019/09/30/apparel-retailer-forever-21-files-for-bankruptcy.html Well... 1 1 Quote Link to comment Share on other sites More sharing options...
Triton Posted September 30, 2019 Share Posted September 30, 2019 23 minutes ago, urbanize713 said: https://www.cnbc.com/2019/09/30/apparel-retailer-forever-21-files-for-bankruptcy.html Well... Wow so many people called it! So the post was removed on Reddit, but somebody captured a photo of a piece of paper on the window of Forever 21 at the Galleria saying that the store would be closed until Forever 21 paid over $100,000 for their space. Guess this was a sign of things to come. 4 Quote Link to comment Share on other sites More sharing options...
j_cuevas713 Posted October 1, 2019 Share Posted October 1, 2019 I can’t say I don’t enjoy Forever 21’s presence downtown, but even if they close up shop, the bigger issue here is not having a major tenant to anchor smaller retail. We need something like a Bloomingdales or hell bring back Macys. 1 Quote Link to comment Share on other sites More sharing options...
Texasota Posted October 1, 2019 Share Posted October 1, 2019 I'm gonna argue for a Muji. Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted October 1, 2019 Share Posted October 1, 2019 10 hours ago, j_cuevas713 said: I can’t say I don’t enjoy Forever 21’s presence downtown, but even if they close up shop, the bigger issue here is not having a major tenant to anchor smaller retail. We need something like a Bloomingdales or hell bring back Macys. Macy's just closed their downtown Seattle store. Department stores are over. Quote Link to comment Share on other sites More sharing options...
j_cuevas713 Posted October 1, 2019 Share Posted October 1, 2019 Just now, H-Town Man said: Macy's just closed their downtown Seattle store. Department stores are over. Daaamn thats a tough blow to Seattle. They have a nice retail area in their downtown. So what will anchor future stores? Or are we just going to see such a dive in traditional retail that the idea of having dry goods downtown is dead? 1 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted October 1, 2019 Share Posted October 1, 2019 7 minutes ago, j_cuevas713 said: Daaamn thats a tough blow to Seattle. They have a nice retail area in their downtown. So what will anchor future stores? Or are we just going to see such a dive in traditional retail that the idea of having dry goods downtown is dead? Seattle will weather the blow. Building will be repurposed in no time, probably creative space of some sort with food on the first floor. Retail is all food and drink these days. 2 Quote Link to comment Share on other sites More sharing options...
Luminare Posted October 1, 2019 Share Posted October 1, 2019 33 minutes ago, H-Town Man said: Macy's just closed their downtown Seattle store. Department stores are over. Macy's just isn't unique. Its just your general run of the mill department store. "General" Department stores are over. I live in Montrose and its been fun lately seeing clothing retailers start to pop back up along Westheimer, and it seems they are doing well but thats because they are unique and have a strong identity. When I walk into a Macy's I think, "yeah I can just order this online". 2 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted October 1, 2019 Share Posted October 1, 2019 2 minutes ago, Luminare said: Macy's just isn't unique. Its just your general run of the mill department store. "General" Department stores are over. I live in Montrose and its been fun lately seeing clothing retailers start to pop back up along Westheimer, and it seems they are doing well but thats because they are unique and have a strong identity. When I walk into a Macy's I think, "yeah I can just order this online". Neiman Marcus is hurting and could go bankrupt in a couple years. JCPenney could go bankrupt any month. 1 Quote Link to comment Share on other sites More sharing options...
Luminare Posted October 1, 2019 Share Posted October 1, 2019 1 minute ago, H-Town Man said: Neiman Marcus is hurting and could go bankrupt in a couple years. JCPenney could go bankrupt any month. ...and those are also general department stores. So my point stands? Quote Link to comment Share on other sites More sharing options...
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