Pumapayam Posted May 28, 2014 Share Posted May 28, 2014 are we talking about this conceptual building? It appears to be about 2 feet from the Cosmopolitan Won't happen, Parvizan or whatever the latest "Going Out Of Business is Good For Business" rug store is going in the Dessert Gallery/Maggie Rita's spot. I doubt they would invest and sign a multi-year lease only to have their location be demolished for a tower. Quote Link to comment Share on other sites More sharing options...
cloud713 Posted May 28, 2014 Share Posted May 28, 2014 lol, yeah. i figured that later when i noticed another article mentioning they were considering office, residential, or hospitality. doh.. 1 Quote Link to comment Share on other sites More sharing options...
lockmat Posted May 28, 2014 Share Posted May 28, 2014 why do we have two topics for this? 2 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted May 28, 2014 Share Posted May 28, 2014 Won't happen, Parvizan or whatever the latest "Going Out Of Business is Good For Business" rug store is going in the Dessert Gallery/Maggie Rita's spot. I doubt they would invest and sign a multi-year lease only to have their location be demolished for a tower. Do you have any reason to think they signed a multi-year lease? Doesn't Parvizian pretty typically go into short-term situations? Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted May 28, 2014 Share Posted May 28, 2014 I don't get it? He is scared of traffic and he lives where? I don't think you can find a busier one mile radius in Texas than that one mile radius around post oak in Uptown. If he was indeed worried about traffic he would promote more urban/ walkable building codes and push for more public transit like the brt he is fighting against. 2 Quote Link to comment Share on other sites More sharing options...
richfish Posted May 28, 2014 Share Posted May 28, 2014 That PAC is such a total joke. The only reason the PAC was even formed is because the Cosmo guys don't want their property values to get chopped in half when something tall inevitably goes up on the AmREIT lot. 2 Quote Link to comment Share on other sites More sharing options...
arche_757 Posted May 28, 2014 Share Posted May 28, 2014 (edited) ^He is worried about how the traffic will hurt his ability to drive his Maserati willy-nilly around that area. I agree, its ridiculous. He does make a few valid points - namely the additional traffic added to the area. However, that traffic is coming no matter a 2, 20, 40, 60 floor tower next door to the Cosmoplitun. I don't see this site as a great location for a supertall (the one being discussed above). In fact, I'd rather see some taller buildings clustered closer/on Richmond. Edited May 28, 2014 by arche_757 2 Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted May 28, 2014 Share Posted May 28, 2014 why do we have two topics for this?I agree, merge! Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted May 28, 2014 Share Posted May 28, 2014 Do you have any reason to think they signed a multi-year lease? Doesn't Parvizian pretty typically go into short-term situations? He likes to go out of business a lot if that is what you mean... But not sure, he tends to linger around lately...I am indifferent about it all. Quote Link to comment Share on other sites More sharing options...
Sellanious Caesar Posted May 28, 2014 Share Posted May 28, 2014 Not only that but the context of both threads at this point have conversations going two separate directions. It will be an awkward merger. Quote Link to comment Share on other sites More sharing options...
Triton Posted May 28, 2014 Share Posted May 28, 2014 Not only that but the context of both threads at this point have conversations going two separate directions.It will be an awkward merger. I thought the other topic was more about the PAC. Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted May 28, 2014 Share Posted May 28, 2014 Is there any indication that there are any residential condos being proposed, considered, or even thought of? The only mention of condos was in relation to AmREIT's planned continued ownership of the lower (retail) levels of the development. I would think residential condos are being considered. My point was that condo ownership of the retail would not necessarily preclude commercial or office use of the tower. AmREIT's proposed ownership structure might make residential condo development a bit more difficult, as Fannie Mae wants the residential unit owners to have sole control over the amenities for the condo project to meet Fannie Mae standards. If this were to be a residential development, these would likely be jumbo (non-Fannie Mae loans), so Fannie Mae guidelines would not have to be as strictly adhered to as in a lower-end development but my experience has been that secondary market investors (who purchase mortgage loans made from originating lenders) get leery when a condo declaration strays too far from the Fannie Mae guidelines. Of course, all this Fannie Mae talk is moot if this will be an office or commercial tower. Quote Link to comment Share on other sites More sharing options...
Subdude Posted May 28, 2014 Share Posted May 28, 2014 I agree, merge! Posts from the "Potential Supertall" topic relating to this project have been moved to this thread. Carry on. 3 Quote Link to comment Share on other sites More sharing options...
monarch Posted May 28, 2014 Share Posted May 28, 2014 please jesus... let them update that awful rendering! 1 Quote Link to comment Share on other sites More sharing options...
Timoric Posted May 29, 2014 Share Posted May 29, 2014 (edited) - Edited July 8, 2019 by Timoric Quote Link to comment Share on other sites More sharing options...
native_Houstonian Posted July 2, 2014 Share Posted July 2, 2014 Any new information on this property - 1616 Post Oak?? Quote Link to comment Share on other sites More sharing options...
SkylineView Posted July 2, 2014 Share Posted July 2, 2014 There is a new rug-store in the northern piece. Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted July 2, 2014 Share Posted July 2, 2014 The Verizon store will be moving over to BLVD Place. 3 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted July 11, 2014 Share Posted July 11, 2014 http://blog.chron.com/primeproperty/2014/07/amreit-considers-buyout-offer/How will this effect the 50 story proposal and the Uptown Park redevelopment? 1 Quote Link to comment Share on other sites More sharing options...
arche_757 Posted July 11, 2014 Share Posted July 11, 2014 Could be quite drastic! The company making the offer for AmReit is a grocery/lifestyle center developer out of Jacksonville, Fl. Unless they're looking to start doing some bigger developments then this will probably scale things back considerably. I'll doubt much more will happen to Uptown Park than something like Boulevard Place (not that that would not be a big improvement). Though I'll admit an HEB there - would suck. Quote Link to comment Share on other sites More sharing options...
TowerSpotter Posted July 11, 2014 Share Posted July 11, 2014 (edited) As of today they rejected the offer. Edited July 11, 2014 by TowerSpotter 1 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted July 11, 2014 Share Posted July 11, 2014 Great news! 1 Quote Link to comment Share on other sites More sharing options...
arche_757 Posted July 11, 2014 Share Posted July 11, 2014 Good to know! I wasn't too thrilled to see them sell to the company that was offering to buy them. 2 Quote Link to comment Share on other sites More sharing options...
Triton Posted July 11, 2014 Share Posted July 11, 2014 As of today they rejected the offer. AmREIT isn't looking to be bought right now. 1 Quote Link to comment Share on other sites More sharing options...
arche_757 Posted July 11, 2014 Share Posted July 11, 2014 AmREIT isn't looking to be bought right now. Yet they considered an offer. What does that say? Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted July 11, 2014 Share Posted July 11, 2014 Yet they considered an offer. What does that say? It says nothing. As a publicly-held company, they are obliged to "consider" an offer. Quote Link to comment Share on other sites More sharing options...
Naviguessor Posted July 11, 2014 Share Posted July 11, 2014 Everything has a price. Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted July 11, 2014 Share Posted July 11, 2014 Glad to hear AmREIT said no. I quite like their plans for Uptown Park and am looking forward to seeing what goes up on the San Felipe and Post Oak site. 2 Quote Link to comment Share on other sites More sharing options...
houstontiger Posted July 14, 2014 Share Posted July 14, 2014 I'm pretty sure I saw survey guys on the property this morning, right by the Verizon store. 1 Quote Link to comment Share on other sites More sharing options...
lockmat Posted July 14, 2014 Share Posted July 14, 2014 Could they have been there for post oak construction? Quote Link to comment Share on other sites More sharing options...
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