monarch Posted May 29, 2016 Share Posted May 29, 2016 ^^^ @hindesky wow! Quote Link to comment Share on other sites More sharing options...
cspwal Posted May 29, 2016 Share Posted May 29, 2016 These look real impressive when coming in from the east Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted June 29, 2016 Popular Post Share Posted June 29, 2016 10 Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted June 29, 2016 Share Posted June 29, 2016 Any idea when this will be ready for occupancy? It seems that the existing skyhouse (1) is not yet "full". Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted June 29, 2016 Share Posted June 29, 2016 Keeping an eye on a condo in the little yellow building. Hope they sell before the EDM club/venue opens up. Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted June 29, 2016 Share Posted June 29, 2016 11 hours ago, Montrose1100 said: Keeping an eye on a condo in the little yellow building. Hope they sell before the EDM club/venue opens up. That is a neat old building. Looks like a very inexpensive price for a condo downtown. $140 per sqft is attractive. Hopefully the noise from that bar won't be problematic for this building. Quote Link to comment Share on other sites More sharing options...
AREJAY Posted June 30, 2016 Share Posted June 30, 2016 4 hours ago, UtterlyUrban said: That is a neat old building. Looks like a very inexpensive price for a condo downtown. $140 per sqft is attractive. Hopefully the noise from that bar won't be problematic for this building. $140/sqft isn't bad, but that $1412 monthly maintenance fee is an absolute killer. Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted June 30, 2016 Share Posted June 30, 2016 6 hours ago, AREJAY said: $140/sqft isn't bad, but that $1412 monthly maintenance fee is an absolute killer. True. It seems that Older buildings and buildings that have only a few units in them have high monthly fees, I think. Buildings that are both old and have few units might get a double whammy. At $0.72 psf, this one is a little high but they can go easily to a buck or more. I wonder if this little place has amenities like valet, porters, and Conceirge? That stuff is expensive over only a few units! Quote Link to comment Share on other sites More sharing options...
Tumbleweed_Tx Posted June 30, 2016 Share Posted June 30, 2016 that's The Beaconsfield, you bet your @$$ is has those ammenities! One of the richest people I have ever worked for lived there before moving to The Houstonian, into Bush's old units Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted June 30, 2016 Share Posted June 30, 2016 11 hours ago, AREJAY said: $140/sqft isn't bad, but that $1412 monthly maintenance fee is an absolute killer. In an older building like the Beaconsfield, the monthly maintenance probably includes all utilities. Quote Link to comment Share on other sites More sharing options...
downtownian Posted June 30, 2016 Share Posted June 30, 2016 55 minutes ago, Houston19514 said: In an older building like the Beaconsfield, the monthly maintenance probably includes all utilities. I live in the Capitol Lofts (constructed in 1908, converted to lofts in early 2000's) and the monthly maintenance is ~$0.55 / sq ft. It covers very basic building upkeep and maintenance including an onsite porter Monday through Friday for 8 hours a day. It does not cover utilities. Amenities are basic - the rooftop deck and gym are bare bones. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted August 10, 2016 Share Posted August 10, 2016 On 6/30/2016 at 9:53 AM, Tumbleweed_Tx said: One of the richest people I have ever worked for lived there before moving to The Houstonian, into Bush's old units Someone has told you a tall tale, unless one of the richest people you've ever worked for took up residence in a hotel room. Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted September 9, 2016 Popular Post Share Posted September 9, 2016 http://www.multifamilybiz.com/News/7165/SkyHouse_Partners_Announces_Grand_Opening_of_Secon... Quote HOUSTON, TX - SkyHouse Main, downtown Houston's newest apartment tower, will host its grand opening celebration on October 20, 2016. With the first residents moved in, SkyHouse Main joins SkyHouse Houston in remaking two full blocks of the Central Business District into a live-work-play neighborhood. Opened in the summer of 2014, SkyHouse Houston is leased up and the new tower, a mirror-image of the first, has experienced strong early demand. 15 Quote Link to comment Share on other sites More sharing options...
Popular Post UtterlyUrban Posted September 10, 2016 Popular Post Share Posted September 10, 2016 Wow! This is great! The first skyhouse full! and the second one is opening. That side of downtown has in just a few short years turned into a residential Mecca! New residential units, new hotel, new places to eat and have a drink. It's really wonderful. 10 Quote Link to comment Share on other sites More sharing options...
cspwal Posted September 14, 2016 Share Posted September 14, 2016 And that's a wrap http://www.costar.com/News/Article/24-Story-SkyHouse-Main-Residential-Tower-Delivers-in-Downtown-Houston/184787 Quote A joint venture comprised of Atlanta-based companies Novare Group, Batson-Cook Development Co. and local developer Peter W. Dienna has completed construction on the second of two luxury apartment towers that make up the redevelopment of two full blocks along Main St. in Houston's central business district. 5 Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted September 14, 2016 Share Posted September 14, 2016 And those prime blocks next to the Toyota center remain dirt covered eye sores waiting on Camden to do something. Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted September 15, 2016 Share Posted September 15, 2016 58 minutes ago, UtterlyUrban said: And those prime blocks next to the Toyota center remain dirt covered eye sores waiting on Camden to do something when the multi family oversupply has been diminished[b\] Ftfy 2 Quote Link to comment Share on other sites More sharing options...
Twinsanity02 Posted September 15, 2016 Share Posted September 15, 2016 If this information regarding the Skyhouses is accurate it should spur further residential downtown construction. Not being a business man I cannot claim detailed understanding. Nevertheless it makes no sense for developers who received financial incentives to build downtown residentials especially in choice locations or near the rail line, or both, to let this opportunity slip away. Camden, block 98, Fairfield seem like win proposals. 1 Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted September 15, 2016 Share Posted September 15, 2016 Camden has applied for incentives, got them, and has done nothing but sit while other developers have continued to move forward/build. I have not read anything about an "oversupply" of residential units in downtown or midtown and, likely, these developers haven't either. Can someone point me to an analysis showing that we are in a resi rental oversupply situation in downtown and midtown? Quote Link to comment Share on other sites More sharing options...
Purdueenginerd Posted September 15, 2016 Share Posted September 15, 2016 1 hour ago, UtterlyUrban said: Can someone point me to an analysis showing that we are in a resi rental oversupply situation in downtown and midtown? http://www.bizjournals.com/houston/news/2016/06/02/houston-doesn-t-need-more-class-a-apartments.html This doesnt discuss the downtown and midtown submarkets, and I'm not sure how credible the "Greater Houston Partnership" is in discussing apartment rentals. That being said, it would not surprise me if there is a glut right now on the market. 2 Quote Link to comment Share on other sites More sharing options...
jmitch94 Posted September 15, 2016 Share Posted September 15, 2016 As someone who is studying the methods used by developers (not claiming to be an expert by any means), these decisions to build or not are very complex decisions with lots of market research and analysis. I guarantee they have a better understanding of what can work after all they have people who's sole job is to preform these analyses. Granted some businesses are going to be more risk averse than others and wont build when others will. 5 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted September 15, 2016 Share Posted September 15, 2016 As of 2nd quarter, 2016, downtown has a 56.2% occupancy rate. 207 new units were delivered during the second quarter. Net absorption was 142 units. FWIW, downtown has, by far, the lowest occupancy of all the submarkets in the Houston metro. The metro-wide occupancy rate is 89.7% I think the downtown submarket has a great future, but there is little doubt there will be a glut of apartments in the short term. The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had a 78.4% occupancy rate. 1,404 new units delivered during the quarter, with 732 units net absorption. 8 Quote Link to comment Share on other sites More sharing options...
MarathonMan Posted September 16, 2016 Share Posted September 16, 2016 On September 15, 2016 at 11:39 AM, Houston19514 said: As of 2nd quarter, 2016, downtown has a 56.2% occupancy rate. 207 new units were delivered during the second quarter. Net absorption was 142 units. FWIW, downtown has, by far, the lowest occupancy of all the submarkets in the Houston metro. The metro-wide occupancy rate is 89.7% I think the downtown submarket has a great future, but there is little doubt there will be a glut of apartments in the short term. The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had a 78.4% occupancy rate. 1,404 new units delivered during the quarter, with 732 units net absorption. Could it be that the low downtown occupancy rates are misleading? With so few established units downtown, the initial high vacancy in newly-delivered properties will significantly decrease the occupancy rate for the sub market, as those new units make up a significant chunk of the overall inventory. In a different sub market, where there are already many more thousands of established units, new deliveries of a few hundred units won't impact overall vacancy rates much. 4 Quote Link to comment Share on other sites More sharing options...
DrLan34 Posted September 17, 2016 Share Posted September 17, 2016 (edited) 2 hours ago, MarathonMan said: Could it be that the low downtown occupancy rates are misleading? With so few established units downtown, the initial high vacancy in newly-delivered properties will significantly decrease the occupancy rate for the sub market, as those new units make up a significant chunk of the overall inventory. In a different sub market, where there are already many more thousands of established units, new deliveries of a few hundred units won't impact overall vacancy rates much. http://www.houstonchronicle.com/business/article/Rents-occupancy-rates-signal-shifts-in-apartment-7968621.php "At the rental market's August 2014 peak, the occupancy rate for Class A apartments was 84 percent. Now there is an obvious divide. Among Class A apartments that have been in operation for 13 months or more, the occupancy rate is 91 percent, but those open 13 months or less have a 23.2 percent rate. " Edited September 17, 2016 by DrLan34 Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted September 17, 2016 Share Posted September 17, 2016 On September 15, 2016 at 9:39 AM, Houston19514 said: As of 2nd quarter, 2016, downtown has a 56.2% occupancy rate. 207 new units were delivered during the second quarter. Net absorption was 142 units. FWIW, downtown has, by far, the lowest occupancy of all the submarkets in the Houston metro. The metro-wide occupancy rate is 89.7% I think the downtown submarket has a great future, but there is little doubt there will be a glut of apartments in the short term. The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had a 78.4% occupancy rate. 1,404 new units delivered during the quarter, with 732 units net absorption. Can you point me to the source for this? I would enjoy learning about it. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted September 18, 2016 Share Posted September 18, 2016 CBRE 2 Quote Link to comment Share on other sites More sharing options...
Popular Post HoustonMidtown Posted October 8, 2016 Popular Post Share Posted October 8, 2016 Blue and red lighting at night 21 Quote Link to comment Share on other sites More sharing options...
enriquewx91 Posted October 9, 2016 Share Posted October 9, 2016 I like it, nothing flashy 2 Quote Link to comment Share on other sites More sharing options...
Popular Post DrLan34 Posted October 21, 2016 Popular Post Share Posted October 21, 2016 http://www.bizjournals.com/houston/news/2016/10/20/new-luxury-apartment-tower-opens-in-downtown.html "Right next door is SkyHouse Houston, a 24-story, 336-unit tower at 1625 Main St., which opened in summer 2014 and leased up faster than expected. The twin project is now fully leased, according to company officials." 12 Quote Link to comment Share on other sites More sharing options...
Popular Post Houston19514 Posted October 21, 2016 Popular Post Share Posted October 21, 2016 On 9/15/2016 at 11:39 AM, Houston19514 said: As of 2nd quarter, 2016, downtown has a 56.2% occupancy rate. 207 new units were delivered during the second quarter. Net absorption was 142 units. FWIW, downtown has, by far, the lowest occupancy of all the submarkets in the Houston metro. The metro-wide occupancy rate is 89.7% I think the downtown submarket has a great future, but there is little doubt there will be a glut of apartments in the short term. The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had a 78.4% occupancy rate. 1,404 new units delivered during the quarter, with 732 units net absorption. Downtown had a good third quarter. Occupancy rate climbed from 56.2% to 58.4%, with 224 unit net absorption, up from 142 units absorbed in the second quarter. 338 new units were delivered in 3rd quarter. The area CBRE calls "Central" Houston had net absorption of 1,170 units in 3rd quarter! https://researchgateway.cbre.com/Layouts/GKCSearch/DownloadHelper.ashx 10 Quote Link to comment Share on other sites More sharing options...
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