s3mh Posted February 11, 2013 Share Posted February 11, 2013 Looks more like the standard construction project to me. There is a lot of activity as dirt work, foundation framing and exterior are built. Then, nothing appears to be happening as the electrical, plumbing and mechanical trades perform their work on the inside, out of sight of onlookers. Sounds like you are engaging in wishful thinking more than insightful observation.The development's website says occupancy Fall 2012. I signed up of updates from the website a while ago and have never seen anything. People living nearby have not seen anyone coming or going and have not seen any vans for trades parked near the building. I guess they could drive up into the internal parking garage, but it doesn't even look like you can get in the garage, at least the last time I went by. It's a sellers market inside the loop and this project has been under construction for over two years with nothing listed and a retail tenant walking away from lease negotiations. If this is what you consider to be a standard construction project, then good luck to any project you are involved in. Quote Link to comment Share on other sites More sharing options...
SilverJK Posted February 11, 2013 Share Posted February 11, 2013 I've seen numerous workers coming and going from there daily. ( I think I saw some Pool Designer people there the other day ). I heard they were trying to have a model ready for public view by the end of December 12' (when I spoke with someone back in July/August), if they have one ready in March that isn't that much of a delay. Pretty much standard construction project, keep grasping for straws though... Quote Link to comment Share on other sites More sharing options...
RedScare Posted February 11, 2013 Share Posted February 11, 2013  If this is what you consider to be a standard construction project, then good luck to any project you are involved in. Prior to becoming an attorney, I was involved in construction of Deerbrook Mall, the Houston Design Center, the San Luis Hotel & Condominiums, and the Huntingdon Conominiums. They seem to have done alright. 1 Quote Link to comment Share on other sites More sharing options...
fwki Posted February 11, 2013 Share Posted February 11, 2013 Ever since I bought a black car, been at that car wash several times per week...4-8 work trucks are parked there daily, electricians to glazers...car wash dude making a killing selling space to GC. Quote Link to comment Share on other sites More sharing options...
callisthenes Posted February 12, 2013 Share Posted February 12, 2013 I live nearby, there's been work going on there. SilverJK's observations of worker comings and goings is accurate. Not sure why they're having trouble getting a business to commit to the location, but I've always wondered about the business model of selling $400,000 + condos in a sea of $300,000 homes. Remains to be seen if that works out. There's an interesting practical effect of the construction that I've noticed. Initial worries were expressed about the building blocking sunlight from surrounding homes. That may be happening, but what definitely happens on the east side is that in the morning, the highly reflective windows cast beams of light onto the street below. Walking through them is sort of like being an ant under a magnifying glass! Quote Link to comment Share on other sites More sharing options...
Angostura Posted February 12, 2013 Share Posted February 12, 2013 Not sure why they're having trouble getting a business to commit to the location, but I've always wondered about the business model of selling $400,000 + condos in a sea of $300,000 homes. Remains to be seen if that works out.   There's a very specific market segment these are aimed at: (a) people who want nothing to do with home maintenance, let alone remodeling, and/or ( people who spend a lot of time out of town, and don't want to leave a single-family home empty for that large a proportion of the time. (My next door neighbor seems to be away about 40+ weeks/year, and it's always pretty obvious when the house is unoccupied.)  People in category A will want new construction, and new construction in the ~2000 s.f. range in the Heights pretty much starts at half-a-million dollars.  See, for example, here, here or here.  People in category B will want a multi-family property with doorman/concierge.  I appreciate that it seems expensive compared to a lot of what is available nearby, and it's not a choice that's rational for many, even most, people, but it's not a non-existent market.  In fact, for newer-built condos in central Houston/Uptown, $240/s.f. is closer to the floor than the ceiling, price-wise. Quote Link to comment Share on other sites More sharing options...
SilverJK Posted February 12, 2013 Share Posted February 12, 2013 There really aren't that many units in the building... doesn't take much of a market really. Quote Link to comment Share on other sites More sharing options...
s3mh Posted February 12, 2013 Share Posted February 12, 2013 I've seen numerous workers coming and going from there daily. ( I think I saw some Pool Designer people there the other day ). I heard they were trying to have a model ready for public view by the end of December 12' (when I spoke with someone back in July/August), if they have one ready in March that isn't that much of a delay. Pretty much standard construction project, keep grasping for straws though...I am not saying that this project is done for. It just seems like they are having problems. This is just a twenty unit building with some ground floor retail. They have been at it for over two years. Talking about having a unit or two ready to show isn't a very good goal line for a condo building. No one wants to be an owner in a half full condo building and have to get hit with higher condo fees. If this drags into summer and fall of this year, then shirts will be lost. Quote Link to comment Share on other sites More sharing options...
JJxvi Posted February 12, 2013 Share Posted February 12, 2013 Can I subscribe to your blog? Quote Link to comment Share on other sites More sharing options...
SilverJK Posted February 12, 2013 Share Posted February 12, 2013  It just seems like they are having problems. That is just because you don't understand projects/construction/business/etc. Quote Link to comment Share on other sites More sharing options...
Triton Posted May 28, 2013 Share Posted May 28, 2013 Anyone know what happened to this project? Seems like construction stalled months ago. Quote Link to comment Share on other sites More sharing options...
barracuda Posted September 15, 2013 Share Posted September 15, 2013 The big brick box at 1111 Studewood is expected to be completed by year end: 2-year construction nears an end for Heights lofts.   The ground floor will house two locally owned chain restaurants: Los Cucos Mexican Cafe and Piatto Ristorante, a Carrabba's family venture. They are expected to open in the first three months of next year. The developer still has about 3,000 square feet left of retail space to lease on the first floor.  Quote Link to comment Share on other sites More sharing options...
Angostura Posted September 16, 2013 Share Posted September 16, 2013 The property will have 20 residential lofts with pricetags ranging from the high $400,000s to the high $500,000s. Four units have been sold, and residents should be living there by the end of the year, said Mike Davis, president of developer Vita Nuova.   Davis said building took more than two years to complete because of some of its uncommon design elements, including an exhaust system for the restaurants that's being vented through the roof.  Yes. I'm certain the delay is due to the very complicated exhaust system, and not to the fact that 80% of the units remain unsold. Quote Link to comment Share on other sites More sharing options...
SilverJK Posted September 16, 2013 Share Posted September 16, 2013 I think they drug it out a bit to catch the market on it's peak. I am curious on how these will sell once completed. Quote Link to comment Share on other sites More sharing options...
s3mh Posted September 16, 2013 Share Posted September 16, 2013 I think they drug it out a bit to catch the market on it's peak. I am curious on how these will sell once completed.  That is a novel concept. Most everywhere else, condo developers will usually need a certain percentage of pre-construction sales just to get the financing they need. These guys built on spec and probably got less favorable financing deals. So, it would totally make sense that they would let the cost of carry run up just to time the market. And this must have been their strategy considering that they have sold a measly 4 out 20 units with a substantially complete building. Even that Morrison Heights thing has done a better job getting units sold prior to completion. Quote Link to comment Share on other sites More sharing options...
SilverJK Posted September 16, 2013 Share Posted September 16, 2013 i guess my sarcasm was missed on you... Quote Link to comment Share on other sites More sharing options...
Scott08 Posted December 21, 2013 Share Posted December 21, 2013 Reviving the most recent dead thread about 1111 Studewood. I drive by there all the time at many different times of day and night, and I have seen absolutely NO evidence that anyone is living there, or that any retail has signed on. Pretty sure when the project started they were touting their condos starting in the "low 400's," the sign now says "starting in the $480's."I have always been very skeptical that there is a market for condos that expensive in this area, if they'd priced them in the $250-350K range I think they would have sold out by now. And I think there's a huge risk/stigma about being the first buyer/tenant of a vacant project like this. I know enough about how real estate works to believe someone is losing their azz right now. How long can a building go vacant before they give it back to the bank? Anyone have any details about this place? Quote Link to comment Share on other sites More sharing options...
s3mh Posted December 23, 2013 Share Posted December 23, 2013 Reviving the most recent dead thread about 1111 Studewood. I drive by there all the time at many different times of day and night, and I have seen absolutely NO evidence that anyone is living there, or that any retail has signed on. Pretty sure when the project started they were touting their condos starting in the "low 400's," the sign now says "starting in the $480's."I have always been very skeptical that there is a market for condos that expensive in this area, if they'd priced them in the $250-350K range I think they would have sold out by now. And I think there's a huge risk/stigma about being the first buyer/tenant of a vacant project like this. I know enough about how real estate works to believe someone is losing their azz right now. How long can a building go vacant before they give it back to the bank? Anyone have any details about this place? They actually do have two tenants. Piatto and Los Cucos are going in on the ground floor. As much as I do not like the project, I will readily concede that they have managed to get good tenants after losing Union Kitchen as a tenant a year ago. According to their website, they have sold five of twenty units. The units are larger (1800-2000 sq ft). So, 400s is a fairly reasonable price. Demand for condos in Houston has always been tepid as there has always been plenty of affordable townhomes to chose from for people needing low maintenance living close to the city. I think this project will eventually fill up. The property market is just too hot. You really have to try hard to not make money off a project inside the loop these days. The problem that this project is having is that it is an incredibly ugly building and it took three years to finish. I suspect that the developers either have friendly financing or have put their own cash into the project. If it was a typical institutional lender, the project would have been taken over by the bank a year and a half ago. And it probably would not have been build on spec, but required a percentage of preconstruction leasing.I actually think that the neighborhood could support condos in this price range and possibly even more expensive if they were in an attractive building in a good location. $450-500k is becoming a vanishing price point in the Heights as builders are turning everything into $800-1 mil+.  Quote Link to comment Share on other sites More sharing options...
J008 Posted January 13, 2014 Share Posted January 13, 2014 Just noticed yesterday that the car wash at 11th 1/2 and studemont is closed and surrounded in orange construction tape. The vaccums have been removed. This is right next to the big multistory 1111 Studemont. Quote Link to comment Share on other sites More sharing options...
fwki Posted January 13, 2014 Share Posted January 13, 2014 Two or three weeks ago I talked to the maintenance man for those car washes on the day that one first closed. The owners of the eyesore condo next to it bought it for retail parking. Quote Link to comment Share on other sites More sharing options...
J008 Posted January 13, 2014 Share Posted January 13, 2014 Two or three weeks ago I talked to the maintenance man for those car washes on the day that one first closed. The owners of the eyesore condo next to it bought it for retail parking. That is strange considering how much parking garage they built. Quote Link to comment Share on other sites More sharing options...
Angostura Posted January 14, 2014 Share Posted January 14, 2014 That is strange considering how much parking garage they built. Â Â They don't appear to need it for resident parking. Â Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted April 5, 2016 Share Posted April 5, 2016 (edited) I guess there wasn't much celebration on here when this one completed. Looks like a 1980's medical office in Schenectady, New York. Yeah, I went with Schenectady. Effing Albany gets all the fancy stuff... Â Edited April 5, 2016 by H-Town Man 1 Quote Link to comment Share on other sites More sharing options...
s3mh Posted October 1, 2019 Share Posted October 1, 2019 https://houston.eater.com/2019/10/1/20892841/the-studewood-cantine-open-houston-heights-tex-mex-margaritas  Not sure whether this in any way related to Molzan or Ruggles. But Los Cucos is out and Studewood Cantine is in.  4 Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted May 12, 2022 Share Posted May 12, 2022 I have not visited this part of the Heights in a while, but I think Studewood Grill closed. Studewood Grill is the steakhouse concept from Studewood Hospitality. It's located on the ground floor of 1111 Studewood Place at 1111 Studewood St, Suite B and it the sister restaurant to Studewood Cantine. A sushi restaurant is taking over the 1111 Studewood, Suite B unit. Hiring posts show a dining concept named Sushi by the Heights at the address. I think the former chef at Aka / Aka Sushi (Energy Corridor location) is involved with Sushi by the Heights. 1 Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted June 28, 2022 Share Posted June 28, 2022 On 5/12/2022 at 6:59 AM, IntheKnowHouston said: A sushi restaurant is taking over the 1111 Studewood, Suite B unit. Hiring posts show a dining concept named Sushi by the Heights at the address. I think the former chef at Aka / Aka Sushi (Energy Corridor location) is involved with Sushi by the Heights.  There is an Instagram account for Sushi by the Heights, a restaurant opening soon at 1111 Studewood St, Ste B. One post contains visuals of the restaurant's proposed design.  Instagram: @sushibytheheights  1 Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted July 1, 2022 Share Posted July 1, 2022 The Leader reported an update on Sushi by the Heights, opening soon at 1111 Studewood Place.  "...Sushi by the Heights is tentatively planning to open its doors at the site of the former Studewood Bar and Grill, 1111 Studewood St., Suite B, in mid-July. The restaurant will offer various kinds of sushi as well as a bar featuring wine and more." https://www.theleadernews.com/food_drink/nibbles-and-sips-local-spots-hosting-independence-day-celebrations/article_de9cc634-f730-11ec-b311-cf38b07eccf6.html  Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted August 21, 2023 Share Posted August 21, 2023 (edited) There is a LoopNet listing for one of the ground level retail units at Studewood Place. According to the listing, 1111 Studewood St, Suite A is available for lease. Tex-Mex restaurant Studewood Cantina leases the 5,500 sf unit. I don't know if Studewood Cantina is closing altogether or relocating (I think the restaurant or some version of it is opening in the Garden Oaks/ Oak Forest area, but I'm not completely for certain); however, the listing indicates their current location is closing soon. The LoopNet listing shows the space will be available in 30 days (the listing was created in early August). Chodrow Realty Advisors is marketing the unit. Below are details about Studewood Place: Property Type: Multifamily Property Subtype: Apartment Apartment Style: Mid Rise Building Size: 108,930 SF Year Built: 2013 https://www.loopnet.com/Listing/1111-Studewood-St-Houston-TX/29201271/ https://www.loopnet.com/viewer/pdf?file=https://images1.loopnet.com/d2/JK35N2r-ZuhcYWmOXdXw3G3RZ-70r0ktEesTW20RALQ/1111 StudewoodA Flyer.pdf https://images1.loopnet.com/d2/JK35N2r-ZuhcYWmOXdXw3G3RZ-70r0ktEesTW20RALQ/1111%20StudewoodA%20Flyer.pdf  Edited August 21, 2023 by IntheKnowHouston Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted August 21, 2023 Share Posted August 21, 2023 4 minutes ago, IntheKnowHouston said: There is a LoopNet listing for one of the ground level retail units at Studewood Place. According to the listing, 1111 Studewood St, Suite A is available for lease. Tex-Mex restaurant Studewood Cantina leases the 5,500 sf unit. https://www.loopnet.com/Listing/1111-Studewood-St-Houston-TX/29201271/ https://www.loopnet.com/viewer/pdf?file=https://images1.loopnet.com/d2/JK35N2r-ZuhcYWmOXdXw3G3RZ-70r0ktEesTW20RALQ/1111 StudewoodA Flyer.pdf https://images1.loopnet.com/d2/JK35N2r-ZuhcYWmOXdXw3G3RZ-70r0ktEesTW20RALQ/1111%20StudewoodA%20Flyer.pdf Below are exterior photos of 1111 Studewood St, Suite A. The photos are from the listing and leasing materials. 1111 Studewood St, Ste A is one of two ground floor retail at Studewood Place. Tex-Mex restaurant Studewood Cantina currently occupies 1111 Studewood St, Ste A. Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted August 21, 2023 Share Posted August 21, 2023 17 minutes ago, IntheKnowHouston said: There is a LoopNet listing for one of the ground level retail units at Studewood Place. According to the listing, 1111 Studewood St, Suite A is available for lease. Tex-Mex restaurant Studewood Cantina leases the 5,500 sf unit. https://www.loopnet.com/Listing/1111-Studewood-St-Houston-TX/29201271/ https://www.loopnet.com/viewer/pdf?file=https://images1.loopnet.com/d2/JK35N2r-ZuhcYWmOXdXw3G3RZ-70r0ktEesTW20RALQ/1111 StudewoodA Flyer.pdf https://images1.loopnet.com/d2/JK35N2r-ZuhcYWmOXdXw3G3RZ-70r0ktEesTW20RALQ/1111%20StudewoodA%20Flyer.pdf  Below are interior photos of 1111 Studewood St, Suite A. The photos are from the listing and leasing materials. 1111 Studewood St, Ste A is one of two ground floor retail at Studewood Place. Tex-Mex restaurant Studewood Cantina currently occupies 1111 Studewood St, Ste A. Quote Link to comment Share on other sites More sharing options...
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