H-Town Man Posted July 15, 2014 Share Posted July 15, 2014 Will this have any effect on Hines market square project or do you think that they will go ahead with theirs.On the office space side Hines starting 609 Main seemed to take the sails out of Stream Essex's project.Just wondering if this would have a similar result. I am well aware of the size and scope of the work Hines does but I justdon't see the urgency to get their project going like this one has. Any thoughts? It does seem amazing that somebody got the jump on Hines! It would be a real shame if this project delayed or prevented Hines from going forward, since Hines' tower embraces principles of good urbanism while this one for the most part doesn't. Quote Link to comment Share on other sites More sharing options...
Nate99 Posted July 15, 2014 Share Posted July 15, 2014 Hines and this project both closed off a parking lot that was being used, though we did see that Hines already had soil samples taken. The last couple of surface lot tower builds that I remember (Hess and Marriott Marquis) took many months between soil samples and actual ground breaking. It is, like watching the pot boil. Quote Link to comment Share on other sites More sharing options...
arche_757 Posted July 15, 2014 Share Posted July 15, 2014 Could Hines simply move forward witha Condominium version if this thing slows down their plans? Also, the rental prices mentioned for this tower are..... REALLY, REALLY expensive! Quote Link to comment Share on other sites More sharing options...
fernz Posted July 15, 2014 Share Posted July 15, 2014 Could Hines simply move forward witha Condominium version if this thing slows down their plans? Also, the rental prices mentioned for this tower are..... REALLY, REALLY expensive!That would REALLY slow things down, as condo would require about 40% pre-sales in order to secure financing. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted July 15, 2014 Share Posted July 15, 2014 That would REALLY slow things down, as condo would require about 40% pre-sales in order to secure financing. Except that Hines may not need financing. Quote Link to comment Share on other sites More sharing options...
arche_757 Posted July 15, 2014 Share Posted July 15, 2014 Well, if its the only option aside from canceling the tower... And Houston12912319823123 could be right in that Hines would simply move forward with it any way. ? Guess we shall see. Of course its not the announcement of work, or even the start of construction, but the end of construction and how soon the tower can start seeing residents. I would tend to think the shorter building by Hines might finish before the taller tower? 1 Quote Link to comment Share on other sites More sharing options...
fernz Posted July 15, 2014 Share Posted July 15, 2014 I don't think Hines has ever self financed a project; what makes you think they would do that now? Doing so would add risk, reduce the rate of return, and tie up equity that could be used for other projects. I really don't see this as a possibility. 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted July 15, 2014 Share Posted July 15, 2014 (edited) I don't think Hines has ever self financed a project; what makes you think they would do that now? Doing so would add risk, reduce the rate of return, and tie up equity that could be used for other projects. I really don't see this as a possibility. I don't pretend to know the intricacies of Hines' financing for its thousands of building projects over the years. So allow me to rephrase: Hines may not need to get conventional financing like many, if not most, other developers. The standard percentage-units-sold hurdle to get condominium financing probably does not apply to Hines. Having said that, let's not get too far off course. I have no reason to think Hines has any interest whatsoever in converting their Market Square tower to condos. Edited July 15, 2014 by Houston19514 Quote Link to comment Share on other sites More sharing options...
rsb320 Posted July 15, 2014 Share Posted July 15, 2014 Why are we talking about Hines? This development is a block away from the upcoming Hines project. There's another thread on the Hines project. 2 Quote Link to comment Share on other sites More sharing options...
rsb320 Posted July 15, 2014 Share Posted July 15, 2014 Thats what I hear... But what is the source if you don't mind me asking.Postings in the parking garage next door (where I park). 1 Quote Link to comment Share on other sites More sharing options...
bobruss Posted July 15, 2014 Share Posted July 15, 2014 Why are we talking about Hines? This development is a block away from the upcoming Hines project. There's another thread on the Hines project. Sorry to upset you but it seemed a relevant question since they are so close and it has a directcorrelation with the other, and besides I've seen things discussed on this board that are way off base and it never gets this kind of response. 5 Quote Link to comment Share on other sites More sharing options...
democide Posted July 15, 2014 Share Posted July 15, 2014 Wait... I thought most people on here didn't like the way this thing was going to look? I mean most of you hated this tower. I kept quiet. I'll only say that I'm glad we now have a 3D rendering of the tower. I wish that it was smaller or more centralized within downtown so that it can be hidden by surrounding towers. I definitely hate that existing massive garage which was excluded from the rendering. 2 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted July 15, 2014 Share Posted July 15, 2014 The little mean green machine was going at it when I drove by.. 2 Quote Link to comment Share on other sites More sharing options...
lockmat Posted July 15, 2014 Share Posted July 15, 2014 Wait... I thought most people on here didn't like the way this thing was going to look? I mean most of you hated this tower. Exactly what I was thinking. now now arche_757.. i am thinking that our initial and yet reluctant responses.. were due to the simple fact that the first rendering was not as SEXY as the above masterpiece. complete with a cherry (sorry) pool on top! I thought the first rendering made it look better than this one. It's not ugly, but it's nothing to proud of either, architecturally speaking. Quote Link to comment Share on other sites More sharing options...
Metro West Posted July 15, 2014 Share Posted July 15, 2014 It's not an ugly tower. But it is way too ordinary to be dominating the northern downtown skyline or obscuring views of superior towers. From some angles it will hide the far more interesting International Tower (if they ever build it) and lessen it's impact. I wish they could trade places. 2 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted July 15, 2014 Share Posted July 15, 2014 Exactly what I was thinking.I thought the first rendering made it look better than this one. It's not ugly, but it's nothing to proud of either, architecturally speaking.The design is mediocre, boring, you name it. I had a fit a few pages back about the orange facade. I'll hold out on my cry fest until I see the final product. Quote Link to comment Share on other sites More sharing options...
fernz Posted July 16, 2014 Share Posted July 16, 2014 I agree, I am also reserving judgment until it's built.Based on the rendering's lack of detail, it could be a very nice or a very bland building. It could be a very nice brick building, with interesting masonry detailing and relief. Or it could be a cheap-looking, flat-detailed stucco building. Quote Link to comment Share on other sites More sharing options...
Avossos Posted July 16, 2014 Share Posted July 16, 2014 I agree, I am also reserving judgment until it's built.Based on the rendering's lack of detail, it could be a very nice or a very bland building. It could be a very nice brick building, with interesting masonry detailing and relief. Or it could be a cheap-looking, flat-detailed stucco building.Hoping and praying we get brick and stone detail Quote Link to comment Share on other sites More sharing options...
towerjunkie Posted July 16, 2014 Share Posted July 16, 2014 I was kind of hoping this building would take some design ques from alexan midtown (seriously it's gorgeous) sans the red color of course. But that's just me, what about you guys? What would you guys change about it? Quote Link to comment Share on other sites More sharing options...
Triton Posted July 16, 2014 Share Posted July 16, 2014 Most people have posted everything already but I figured I'd still post my two photos... 2014-07-15 17.50.56 by marclongoria, on Flickr I'm an idiot and didn't wait for the cars to pass... 2014-07-15 17.50.10 by marclongoria, on Flickr 3 Quote Link to comment Share on other sites More sharing options...
Triton Posted July 16, 2014 Share Posted July 16, 2014 (edited) And HAIF is back up! Edited July 16, 2014 by Triton 1 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted July 16, 2014 Author Share Posted July 16, 2014 1 Quote Link to comment Share on other sites More sharing options...
arche_757 Posted July 16, 2014 Share Posted July 16, 2014 This tower reminds me a bit of One Park Place. Its not groundbreaking in its design, but it will age pretty well I think. Quote Link to comment Share on other sites More sharing options...
mollusk Posted July 16, 2014 Share Posted July 16, 2014 Between looking kinda Sky House-ish and not breaking the 40 story mark... not a game changer. Quote Link to comment Share on other sites More sharing options...
Metro West Posted July 16, 2014 Share Posted July 16, 2014 (edited) Tallest residential tower in the history of downtown Houston - game changer. BTW, since when does a 40 story tower NOT break the 40 story mark? This tower made it to 40 stories. It did not break the 41 story mark, if that's your problem. Edited July 16, 2014 by Metro West 1 Quote Link to comment Share on other sites More sharing options...
brijonmang Posted July 16, 2014 Share Posted July 16, 2014 A little bit of color would go a long way with this building. I may photoshop that last image that Urbannizer posted to see if a color scheme would liven it up a little. 1 Quote Link to comment Share on other sites More sharing options...
Triton Posted July 16, 2014 Share Posted July 16, 2014 This tower reminds me a bit of One Park Place. Its not groundbreaking in its design, but it will age pretty well I think.It's actually from the same architects who designed One Park Place. Quote Link to comment Share on other sites More sharing options...
arche_757 Posted July 16, 2014 Share Posted July 16, 2014 I thought it might have been... didn't have time to investigate. That would explain the similarities. 1 Quote Link to comment Share on other sites More sharing options...
mollusk Posted July 16, 2014 Share Posted July 16, 2014 It's actually from the same architects who designed One Park Place. That's encouraging. One of the things I really like about OPP is how well worked out the details are - like hiding rooftop machinery inside what looks like a solid roof from below. 1 Quote Link to comment Share on other sites More sharing options...
Avossos Posted July 16, 2014 Share Posted July 16, 2014 (edited) That's encouraging. One of the things I really like about OPP is how well worked out the details are - like hiding rooftop machinery inside what looks like a solid roof from below. and on that same notion - this should be a brick facade. I think the colors we saw in the past renderings were simply a play on brick colors / illustrations. Edited July 16, 2014 by Avossos Quote Link to comment Share on other sites More sharing options...
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