citykid09 Posted January 30, 2010 Share Posted January 30, 2010 The Stanford Financial Building in the Galleria Area is For Sale! What Should Replace it? http://swamplot.com/westheimer-office-building-and-all-allen-stanford-says-sell/2010-01-29/#more-15542 Would be a nice spot for a mixed use development. 1 Quote Link to comment Share on other sites More sharing options...
ricco67 Posted January 30, 2010 Share Posted January 30, 2010 with this economy, I don't think anything dramatic will change it to anything other than typical office space.It would be nice for someone with deep pockets to buy it and think beyond the current economy to make something more substantial. Quote Link to comment Share on other sites More sharing options...
citykid09 Posted January 31, 2010 Author Share Posted January 31, 2010 It would be nice for someone with deep pockets to buy it and think beyond the current economy to make something more substantial.I believe that is what will happen. I can see signs that the economy is improving. Last year we pretty much didn't hear of any new developments, but we are slowly starting to see new developments come about. So now is the best time for developers to thing about the future. I think thats the perfect spot for a major urban mixed use development in the Galleria area. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted January 31, 2010 Share Posted January 31, 2010 (edited) I believe that is what will happen. I can see signs that the economy is improving. Last year we pretty much didn't hear of any new developments, but we are slowly starting to see new developments come about. So now is the best time for developers to thing about the future. I think thats the perfect spot for a major urban mixed use development in the Galleria area.Aside from Skanska (and pretty much only Skanska), developers have to obtain debt financing to make projects pencil out. And there is no debt financing.If anybody needs to be thinking ahead, it's bankers. But they actually are thinking ahead, already. That's why there's no debt financing. Edited January 31, 2010 by TheNiche Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted January 31, 2010 Share Posted January 31, 2010 Ugh. Quote Link to comment Share on other sites More sharing options...
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