shasta Posted January 25, 2019 Share Posted January 25, 2019 15 hours ago, Twinsanity02 said: To paraphrase part Oliver Cromwell's speech to the rump parliament: It is high time to put an end to your sitting in this place, which you have dishonored by your ugliness and defiled by your practice. Go! Begone! Ha...Never thought I'd read an Oliver Cromwell quote in a downtown Houston thread... Now NYC..that would make sense since he had the Duke of York's father beheaded. Yes, that Duke of York that named NYC after himself. 3 Quote Link to comment Share on other sites More sharing options...
htownbro Posted February 4, 2019 Share Posted February 4, 2019 On 8/7/2018 at 12:15 PM, downtownian said: This looks like it should be a condo building and not rentals. Can anyone confirm? apartments starting at 3900.00 a month. 1 1 1 Quote Link to comment Share on other sites More sharing options...
kbates2 Posted February 4, 2019 Share Posted February 4, 2019 23 minutes ago, htownbro said: apartments starting at 3900.00 a month. Not quite starting at $3,900. "Units will range from 580 to 2,927 square feet, with the average size unit renting for around $3,900 per month." 5 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted February 4, 2019 Share Posted February 4, 2019 (edited) The Preston. Sounds like it should wear a sweater vest. I do like the use of street names though. I think this will be our generation's Huntington, where the Gordon Gekkos of Houston will live. Edited February 4, 2019 by H-Town Man 1 Quote Link to comment Share on other sites More sharing options...
Triton Posted February 4, 2019 Share Posted February 4, 2019 Just curious, what are the type of people who get these units? Are these people that usually move around the country that prefer not to buy a home and want a downtown view? I mean, I'm trying to figure out the math... at $3900 a month, why not just pay a mortgage and own a home? 2 Quote Link to comment Share on other sites More sharing options...
LBC2HTX Posted February 4, 2019 Share Posted February 4, 2019 (edited) 29 minutes ago, Triton said: Just curious, what are the type of people who get these units? Are these people that usually move around the country that prefer not to buy a home and want a downtown view? I mean, I'm trying to figure out the math... at $3900 a month, why not just pay a mortgage and own a home? People that choose to pay that much in rent are those for which $3,900 would not get them a home that they'd want to live in. They'd want to live ITL so you're at a minimum spending 700k for anything they'd even consider. Putting 20% on a $700k house would be $2,670 (4% interest) + property taxes puts you at $4k a month. Believe it or not, the people that pay that much in rent are those that are waiting to buy (or just downsized) a home that's more expensive than 700k. Edited February 4, 2019 by LBC2HTX 4 Quote Link to comment Share on other sites More sharing options...
rechlin Posted February 4, 2019 Share Posted February 4, 2019 35 minutes ago, Triton said: Just curious, what are the type of people who get these units? Are these people that usually move around the country that prefer not to buy a home and want a downtown view? I mean, I'm trying to figure out the math... at $3900 a month, why not just pay a mortgage and own a home? Many people don't want to live in a house and would rather live in a high-rise. And many people would rather not tie up so much capital in something as illiquid as a house, especially if they don't want to live in the same area for more than 5 years. 2 Quote Link to comment Share on other sites More sharing options...
TexasGeneral Posted February 4, 2019 Share Posted February 4, 2019 40 minutes ago, Triton said: Just curious, what are the type of people who get these units? Are these people that usually move around the country that prefer not to buy a home and want a downtown view? I mean, I'm trying to figure out the math... at $3900 a month, why not just pay a mortgage and own a home? People who don’t want the hassle of maintaining a home and prefer the lock and leave lifestyle. I know some people that sold their primary residence and rent a high rise unit - they spend a lot of time at their second home in Colorado and don’t need a large single family house anymore since their kids are grown. They are in Houston about half the year. 3 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted February 5, 2019 Share Posted February 5, 2019 6 hours ago, rechlin said: Many people don't want to live in a house and would rather live in a high-rise. And many people would rather not tie up so much capital in something as illiquid as a house, especially if they don't want to live in the same area for more than 5 years. When Triton wrote "home," he may also have meant a condo. Of course, condo options downtown are pretty limited and not this nice. 1 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted February 5, 2019 Share Posted February 5, 2019 Quote Jorge Munoz, Principal, Munoz + Albin Architecture and Planning as Houston-based Hines is announced its newest downtown residential tower, which will be developed on the former Chronicle garage site at Prairie and Milam Streets, Friday, Feb. 1, 2019, in Houston. Photo: Karen Warren, Staff Photographer https://www.chron.com/business/real-estate/article/Hines-reveals-designs-for-downtown-apartment-tower-13581222.php#photo-16861603 6 Quote Link to comment Share on other sites More sharing options...
HtownWxBoy Posted February 5, 2019 Share Posted February 5, 2019 (edited) So will this be Houston's tallest residential building when it's done? Current tallest is 2929 Weslayan at 40 floors / 533 feet. Edited February 5, 2019 by HtownWxBoy Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted February 5, 2019 Share Posted February 5, 2019 (edited) 1 hour ago, HtownWxBoy said: So will this be Houston's tallest residential building when it's done? Current tallest is 2929 Weslayan at 40 floors / 533 feet. Pretty sure the Huntingdon (503 feet) still reigns as the tallest residential building in Houston. Second place is One Park Place (501 feet) Third place is Market Square Tower (498 feet). I believe 2929 Weslayan at 468 feet is currently the fourth tallest residential building in Houston. I suspect The Preston will be at least the 2nd tallest residential in Houston, very possibly the tallest Edited February 5, 2019 by Houston19514 4 Quote Link to comment Share on other sites More sharing options...
Twinsanity02 Posted February 5, 2019 Share Posted February 5, 2019 Emporis list this at 549 feet. Do not know how accurate their data is. 3 Quote Link to comment Share on other sites More sharing options...
HtownWxBoy Posted February 5, 2019 Share Posted February 5, 2019 36 minutes ago, Twinsanity02 said: Emporis list this at 549 feet. Do not know how accurate their data is. If true that would make it our tallest residential building when complete... about the same height as Downtown's Wedge International Tower. 1 Quote Link to comment Share on other sites More sharing options...
wxman Posted February 5, 2019 Share Posted February 5, 2019 I think One Park Place is #2 at 501 feet. 1 Quote Link to comment Share on other sites More sharing options...
MarathonMan Posted February 5, 2019 Share Posted February 5, 2019 17 minutes ago, wxman said: I think One Park Place is #2 at 501 feet. 2929 Weslayan is 533’ The Huntingdon is 503’ 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted February 5, 2019 Share Posted February 5, 2019 (edited) 14 minutes ago, MarathonMan said: 2929 Weslayan is 533’ The Huntingdon is 503’ Source? (Emporis had it at 468 feet) 34 minutes ago, wxman said: I think One Park Place is #2 at 501 feet. You are correct. I overlooked One Park Place. Edited my post to correct. Edited February 5, 2019 by Houston19514 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted February 5, 2019 Share Posted February 5, 2019 (edited) Interesting... CTBUH shows the following: 1. 2929 Weslayan. 533' 2. The Huntington [sic]. 503' 3. Market Square Tower 502' 4. One Park Place. 501' I'm a little skeptical of CTBUH's 533' for 2929. I doubt it is taller than Market Square Tower. Market Square Tower has more floors. Emporis's 468' seems more likely. Edit: after further research, I discovered that according to the FAA filling made by the builders, the final height of 2929 is 468' https://oeaaa.faa.gov/oeaaa/external/public/publicAction.jsp?action=showDashTwoForm&suppCaseNoticeID=258539117 1. The Huntingdon. 503' 2. Market Square Tower 502' 3. One Park Place 501' 4. 2929 Weslayan. 468'. It looks like the incorrect 533' is a leftover from an earlier "estimate" posted on Emporis. Edited February 5, 2019 by Houston19514 3 Quote Link to comment Share on other sites More sharing options...
kbates2 Posted February 5, 2019 Share Posted February 5, 2019 We need a 504 footer. 5 Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted February 5, 2019 Popular Post Share Posted February 5, 2019 This comes in at #1 when complete 14 1 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted February 5, 2019 Share Posted February 5, 2019 2 hours ago, Urbannizer said: This comes in at #1 when complete Urbannizer sourcing Urbannizer. I like it. 6 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted February 5, 2019 Share Posted February 5, 2019 12 hours ago, Houston19514 said: Source? (Emporis had it at 468 feet) You are correct. I overlooked One Park Place. Edited my post to correct. The Emporis height was from when 2929 Weslayan was originally supposed to be 35 stories, I believe? 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted February 5, 2019 Share Posted February 5, 2019 25 minutes ago, cloud713 said: The Emporis height was from when 2929 Weslayan was originally supposed to be 35 stories, I believe? No. Read my later post. The Emporis height is the completed height of the building according to the filings with the FAA. 1 Quote Link to comment Share on other sites More sharing options...
Twinsanity02 Posted February 6, 2019 Share Posted February 6, 2019 11 hours ago, Urbannizer said: This comes in at #1 when complete This is the height stated on Emporis Houston for this building. 1 Quote Link to comment Share on other sites More sharing options...
bobruss Posted February 6, 2019 Share Posted February 6, 2019 I thought I read somewhere on haif, that those numbers from the FAA included sea level so where does this fit in with these numbers. I could be confused but I just want to know for sure. Quote Link to comment Share on other sites More sharing options...
Angostura Posted February 6, 2019 Share Posted February 6, 2019 On 2/4/2019 at 3:24 PM, Triton said: Just curious, what are the type of people who get these units? Are these people that usually move around the country that prefer not to buy a home and want a downtown view? I mean, I'm trying to figure out the math... at $3900 a month, why not just pay a mortgage and own a home? People who don't know where they'll be living in a few years. Let's say you have $3900/month to spend on housing, and plan on staying in the same place for four years. If you have $100k on hand for a down-payment, you can buy a $500k townhouse not too far a commute from here (probably EaDo, realistically) for a PITI of $3100. Add $200/month for maintenance, water/sewer and gas, and you're at $3300. Add in the foregone interest income on your down-payment, and it's $3600. Spread your closing costs over 48 months and you're at the same $3900 you'd be paying in rent. "But what about the equity you're building?" OK. After four years, you've paid off about $30k in principal. Guess how much a 6% commission is on the sale of your $500k townhouse? So it's pretty much a wash, UNLESS you see significant appreciation in the sale price four years down the road. Now, if you can live car-free in a $3900/mo apartment, but not in a $500k townhouse... 7 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted February 6, 2019 Share Posted February 6, 2019 12 hours ago, bobruss said: I thought I read somewhere on haif, that those numbers from the FAA included sea level so where does this fit in with these numbers. I could be confused but I just want to know for sure. The FAA documents include site elevation, height of the building above grade and total height above sea level. The 549' is the height of the building above grade. 3 1 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted February 19, 2019 Share Posted February 19, 2019 Height of 648' for the crane Work Schedule: 10/01/2019 to 10/01/2021 https://oeaaa.faa.gov/oeaaa/external/searchAction.jsp?action=displayOECase&oeCaseID=396423575&row=16 7 Quote Link to comment Share on other sites More sharing options...
Avossos Posted February 19, 2019 Share Posted February 19, 2019 20 minutes ago, Urbannizer said: Height of 648' for the crane https://oeaaa.faa.gov/oeaaa/external/searchAction.jsp?action=displayOECase&oeCaseID=396423575&row=16 OK, help me out here. Work schedule seems tight - only 2 years to build a 45 story tower. But starting in October? I would think they need to do demolition of the garage and prep work before the crane is needed. So despite being 7 months away, we should see movement on the site probably this summer? 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted February 19, 2019 Popular Post Share Posted February 19, 2019 Timeline given is for the crane (when it will be erected and when it'll be dismantled). Site work for The Preston begins next month. 17 Quote Link to comment Share on other sites More sharing options...
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