Montrose1100 Posted February 27, 2015 Share Posted February 27, 2015 Uhhhhhh, how bout any of the numerous developers who HAVE taken the DLI and ran with it and have started or are about to start construction, right now, in our current "awl crash" climate? Or better yet, nevermind, you're right, because of the oil crash, NO ONE IS BUILDING ANYTHING IN DOWNTOWN RIGHT NOW, all those cranes are a mass hallucination because according to you, "who is going to get a project off the ground in this environment? I'll give you a hint. NO ONE." Seems like you're the one living in a fantasy world. You know swtsig, I used to like you as a poster, you had good inside info, you added content to threads. Not any more. Now it seems like all you do is follow people around in threads, quoting them and telling them how stupid they are, all in a pissy little manner. It's gotten old. Swtsig has been rather grinchy, but the projects going up right have secured financing before the drop in oil prices. Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted February 27, 2015 Share Posted February 27, 2015 Swtsig has been rather grinchy, but the projects going up right have secured financing before the drop in oil prices.There are projects on the board, securing financing, and more to come, all in this climate.The statement "no one is going to get a project off the ground in this environment" is simply not true.Don't believe me let's just wait, we shall see.... 1 Quote Link to comment Share on other sites More sharing options...
Triton Posted February 27, 2015 Share Posted February 27, 2015 Uhhhhhh, how bout any of the numerous developers who HAVE taken the DLI and ran with it and have started or are about to start construction, right now, in our current "awl crash" climate? Or better yet, nevermind, you're right, because of the oil crash, NO ONE IS BUILDING ANYTHING IN DOWNTOWN RIGHT NOW, all those cranes are a mass hallucination because according to you, "who is going to get a project off the ground in this environment? I'll give you a hint. NO ONE." Seems like you're the one living in a fantasy world. You know swtsig, I used to like you as a poster, you had good inside info, you added content to threads. Not any more. Now it seems like all you do is follow people around in threads, quoting them and telling them how stupid they are, all in a pissy little manner. It's gotten old. Howard Huge, I like you and I think you are funny but that is pretty harsh, man. I feel like any developer that says "We are going to wait and see", you go out and say WHY?! HOW DARE YOU?! Think of Houston!!! It's economics man, plan and simple. Construction projects that have already been financed aren't going to just stop midway through... we aren't in a Las Vegas style collapse at this moment. But to think that a slow down in oil is not going to slow down the hot Houston real estate market is a little naive, honestly, or perhaps it is just a level of deniability that things are slowing down. How is that not evident in the latest development maps posted? How is that not evident that we don't have about 3 to 4 new proposed projects every week like we were getting in 2013 and early 2014? You say, don't lump every developer together... but they all have it in the back of their mind about the drop in oil prices. All of them. There are simply developers that are willing to take more risk, yes risk. There are some seeing this as a short term problem and are willing to start now, while others are more cautious and waiting to see what happens to that market and the Houston economy. And then there are others that simply cannot getting the investment and financing at all and are cancelling their projects. Economies go up, they go down, they stay at the same level..... it's fluid. And that's the reality of things whether people like it or not. 1 Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted February 27, 2015 Share Posted February 27, 2015 Howard Huge, I like you and I think you are funny but that is pretty harsh, man. I feel like any developer that says "We are going to wait and see", you go out and say WHY?! HOW DARE YOU?! Think of Houston!!!It's economics man, plan and simple.Construction projects that have already been financed aren't going to just stop midway through... we aren't in a Las Vegas style collapse at this moment. But to think that a slow down in oil is not going to slow down the hot Houston real estate market is a little naive, honestly, or perhaps it is just a level of deniability that things are slowing down. How is that not evident in the latest development maps posted? How is that not evident that we don't have about 3 to 4 new proposed projects every week like we were getting in 2013 and early 2014? You say, don't lump every developer together... but they all have it in the back of their mind about the drop in oil prices. All of them. There are simply developers that are willing to take more risk, yes risk. There are some seeing this as a short term problem and are willing to start now, while others are more cautious and waiting to see what happens to that market and the Houston economy. And then there are others that simply cannot getting the investment and financing at all and are cancelling their projects. Economies go up, they go down, they stay at the same level..... it's fluid. And that's the reality of things whether people like it or not.Fair enough, but it wasn't even this particular issue or project that aggravated me.It's swtsig's recent attitude.Like I said, I liked him, he is a valuable contributor, and I was the main guy defending him when that idiot was calling him a fraud and trying run him off the board.But his flurfty attitude has got to go. We all try to get along here, theres no need to constantly derail threads with pompous insults to other members. Everyone is entitled to their own opinion. 3 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted February 27, 2015 Share Posted February 27, 2015 Lol, you all are so funny.just like siblings.I think I am in the Howard's camp though.I just don't think we are in as bad a slump as people are making it out to be.I can understand taking a more critical look at office development wit out tenant's but I think these residentials (especially the ones like it's one) should go full steam ahead. Downtown is downtown. It will always be a strong market. Even though energy is on cool, the med center is a train ride down the street. 2 Quote Link to comment Share on other sites More sharing options...
Gary Posted February 28, 2015 Share Posted February 28, 2015 Geeez, leave Swtsig alone already. This is getting stupid. 1 Quote Link to comment Share on other sites More sharing options...
bobruss Posted February 28, 2015 Share Posted February 28, 2015 I'm glad were not discussing Religion or politics on this site or any of the more contentious subjects out there since development and design seem to whip us into a frenzy. We'd probably have to call 911. 1 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted March 1, 2015 Share Posted March 1, 2015 I mean, I think that would be fun... Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted March 12, 2015 Author Share Posted March 12, 2015 Block 384 EB5 Brochure.pdf 4 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted March 12, 2015 Share Posted March 12, 2015 Oh, so this will be a really huge garden style apartment? Quote Link to comment Share on other sites More sharing options...
Avossos Posted March 12, 2015 Share Posted March 12, 2015 Oh, so this will be a really huge garden style apartment? no.................? I like this building. I like the materials and the urban vibe. Quote Link to comment Share on other sites More sharing options...
htownproud Posted March 12, 2015 Share Posted March 12, 2015 So they don't have the financing yet. I doubt this gets built. If it does, they need to make the pool much bigger. That looks like a backyard pool. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted March 12, 2015 Share Posted March 12, 2015 So they don't have the financing yet. I doubt this gets built. If it does, they need to make the pool much bigger. That looks like a backyard pool. According to this website, the project is 90% funded. 3 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted March 12, 2015 Share Posted March 12, 2015 That remaining 10% just happens to be the majority if their funding Quote Link to comment Share on other sites More sharing options...
htownproud Posted March 12, 2015 Share Posted March 12, 2015 According to this website, the project is 90% funded.I guess I should have said it doesn't look like they have the equity yet. Do you think this means they have 90% of the equity funding or 90% of the total funding? If it is total funding, then they still need to line-up some fairly big equity partners. I sure hope that the foreign investors don't look at more recent statistics than the 2013 stats in their promotional literature. Quote Link to comment Share on other sites More sharing options...
lockmat Posted March 12, 2015 Share Posted March 12, 2015 So this is a Randall Davis project Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted March 12, 2015 Author Share Posted March 12, 2015 So this is a Randall Davis projectNegative. Allied Realty is the developer. Quote Link to comment Share on other sites More sharing options...
swtsig Posted March 12, 2015 Share Posted March 12, 2015 I guess I should have said it doesn't look like they have the equity yet. Do you think this means they have 90% of the equity funding or 90% of the total funding? If it is total funding, then they still need to line-up some fairly big equity partners. I sure hope that the foreign investors don't look at more recent statistics than the 2013 stats in their promotional literature. funding typically implies equity... debt would not be hard to come by if you have your equity in place. Quote Link to comment Share on other sites More sharing options...
Alec Posted March 13, 2015 Share Posted March 13, 2015 The product description doesn't match any of the renderings; text says 8 stories and renderings show 11. Quote Link to comment Share on other sites More sharing options...
Avossos Posted March 13, 2015 Share Posted March 13, 2015 Maybe they are going back to original plan? Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted April 20, 2015 Author Share Posted April 20, 2015 According to this website, the project is 90% funded. They've picked up the remaining 10%. 4 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted April 20, 2015 Share Posted April 20, 2015 so are they still going to wait until the 4th quarter for this to move forward? Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted April 20, 2015 Share Posted April 20, 2015 Last week You can see the leon capital construction right behind. 2 Quote Link to comment Share on other sites More sharing options...
cspwal Posted April 20, 2015 Share Posted April 20, 2015 This could be a nice mediocre park in the meantime Quote Link to comment Share on other sites More sharing options...
DrLan34 Posted April 20, 2015 Share Posted April 20, 2015 This could be a nice mediocre park in the meantime I was thinking the same, just plant a few trees in the meantime and let people use it... not required on their part but would be great. Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted April 20, 2015 Share Posted April 20, 2015 Especially since it is right next to the hospital, that would be nice. just done place to pop out and seat under a tree and clear your mind Quote Link to comment Share on other sites More sharing options...
cloud713 Posted April 20, 2015 Share Posted April 20, 2015 the hospital already has its own tranquil Seven Sisters Charity(?) Park. really neat little place if/when all the water falls are ever turned on. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted April 22, 2015 Share Posted April 22, 2015 I was thinking the same, just plant a few trees in the meantime and let people use it... not required on their part but would be great. They wouldn't grow fast enough. You'd be planting them just to tear them out. But sunflowers might work... 1 Quote Link to comment Share on other sites More sharing options...
DrLan34 Posted April 22, 2015 Share Posted April 22, 2015 They wouldn't grow fast enough. You'd be planting them just to tear them out. But sunflowers might work... Plant something to make it look nice... but yes, it would be a waste of money from the developer's perspective. Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted May 14, 2015 Author Share Posted May 14, 2015 http://www.bizjournals.com/houston/morning_call/2015/05/apartments-break-ground-near-the-astrodome.html The developer also plans to begin construction in the fourth quarter on an eight-story, 242-unit multifamily project downtown. That project will be bounded by San Jacinto, Caroline, St. Joseph and Jefferson. 2 Quote Link to comment Share on other sites More sharing options...
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