TBONE Posted November 21, 2005 Share Posted November 21, 2005 Does anyone know anything about this project conversion. Other than what is on the website? 1 Quote Link to comment Share on other sites More sharing options...
eelimon Posted November 21, 2005 Share Posted November 21, 2005 Does anyone know anything about this project conversion. Other than what is on the website?is that a project in Los Angeles Quote Link to comment Share on other sites More sharing options...
TBONE Posted November 21, 2005 Author Share Posted November 21, 2005 is that a project in Los AngelesNope. In Houston near Kirby. www.bartlettloft.com Quote Link to comment Share on other sites More sharing options...
Talbot Posted November 21, 2005 Share Posted November 21, 2005 Looks like a cool rendering on their site. Unfortunately though I don't know anything about the project. But like you I am interested to know more. Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted November 22, 2005 Share Posted November 22, 2005 The HBJ had an article on it last week.31 units. A rehab of an existing building on Bartlett Street near the Rice Village. The upper units are being called "sky lofts." The developer is out of Albuquerque and apparently there is a sales office on site. Quote Link to comment Share on other sites More sharing options...
eelimon Posted November 22, 2005 Share Posted November 22, 2005 (edited) The HBJ had an article on it last week.31 units. A rehab of an existing building on Bartlett Street near the Rice Village. The upper units are being called "sky lofts." The developer is out of Albuquerque and apparently there is a sales office on site.it is awful how they offer these living spaces and then price them so high I would hope to get more space for the price. Maybe, these projects would take off in the Houston area if they were price accordingly to square footage. Mainly more square footage for less money then is currently offered by most of these projects. If they build bigger units then they could go vertical more often then they currently do. I don't k now maybe they could find a happy middle ground to allow for profits.I hope I am making myself clear, and please let me know if you care and don't understand to clarify Edited November 22, 2005 by eelimon Quote Link to comment Share on other sites More sharing options...
largeTEXAS Posted November 22, 2005 Share Posted November 22, 2005 This project will be semi-affordable ($200 psf). Morris designed it and from the looks of it, it should be pretty cool. Quote Link to comment Share on other sites More sharing options...
eelimon Posted November 22, 2005 Share Posted November 22, 2005 (edited) This project will be semi-affordable ($200 psf). Morris designed it and from the looks of it, it should be pretty cool.Yes but I would like to purchase a place and not have it feel like an apartment. If the interior sq footage could be better like ($100 - $125 psf) I think more people would be inclined to buy in the inner city. Of course what I mean is that there should be options in this price range in a multi family development for sale or in a mixed-use development. Edited November 22, 2005 by eelimon Quote Link to comment Share on other sites More sharing options...
houston-development Posted November 22, 2005 Share Posted November 22, 2005 Yes but I would like to purchase a place and not have it feel like an apartment. If the interior sq footage could be better like ($100 - $125 psf) I think more people would be inclined to buy in the inner city. Of course what I mean is that there should be options in this price range in a multi family development for sale or in a mixed-use development. to my knowledge, you cant find anything at those prices inside the loop unless its an older condo or a foreclosure. land prices and construction materials have gone through the roof. if you take all the costs, the developer is already in over $100 psf and they are not in the business to lose money Quote Link to comment Share on other sites More sharing options...
eelimon Posted November 22, 2005 Share Posted November 22, 2005 to my knowledge, you cant find anything at those prices inside the loop unless its an older condo or a foreclosure. land prices and construction materials have gone through the roof. if you take all the costs, the developer is already in over $100 psf and they are not in the business to lose money I kinda figured that it is just wishful thinking. You can barely get those prices inside the Belt Quote Link to comment Share on other sites More sharing options...
Guest danax Posted November 22, 2005 Share Posted November 22, 2005 to my knowledge, you cant find anything at those prices inside the loop unless its an older condo or a foreclosure. land prices and construction materials have gone through the roof. if you take all the costs, the developer is already in over $100 psf and they are not in the business to lose money They could probably build something similar in rundown neighborhoods 10 minutes from Downtown with skyline views, places like 5th Ward and Magnolia Park, at a price that would attract median-income buyers but, if they built them, would anyone except urban pioneers come? I'm sure a quick sell out of a project is a crucial factor in calculating a project's viability. So, if that's true, then it would follow that by the time an area becomes no-brainer enough to warrant developments of this type the area is already too expensive for the entry-level homebuyer, except for the few tiny units that are offered. Probably the closest things to new housing going up in formerly ragged areas would be the Warehouse District and Jensen Drive area. So, if someone built a 10 story residential tower with skyline terraces in the heart of 5th Ward, 1500 sq. ft. for $150K with all of the nice touches, would anyone here buy one? Quote Link to comment Share on other sites More sharing options...
Subdude Posted November 22, 2005 Share Posted November 22, 2005 It's not only an issue of price. Perceptions of crime and the quality of schools are big drivers of residential demand. Quote Link to comment Share on other sites More sharing options...
eelimon Posted November 22, 2005 Share Posted November 22, 2005 (edited) They could probably build something similar in rundown neighborhoods 10 minutes from Downtown with skyline views, places like 5th Ward and Magnolia Park, at a price that would attract median-income buyers but, if they built them, would anyone except urban pioneers come? I'm sure a quick sell out of a project is a crucial factor in calculating a project's viability.So, if that's true, then it would follow that by the time an area becomes no-brainer enough to warrant developments of this type the area is already too expensive for the entry-level homebuyer, except for the few tiny units that are offered. Probably the closest things to new housing going up in formerly ragged areas would be the Warehouse District and Jensen Drive area. So, if someone built a 10 story residential tower with skyline terraces in the heart of 5th Ward, 1500 sq. ft. for $150K with all of the nice touches, would anyone here buy one?it does not even have to be too complex in design it just needs to be build like you say 1500 ft for $150 K. But it must be built well and most importantly profitable. with high ceilings and home feel to floor plan as opposed to apartment feel to floor planAfter you start this how could you keep prices low Edited November 22, 2005 by eelimon Quote Link to comment Share on other sites More sharing options...
nmainguy Posted November 22, 2005 Share Posted November 22, 2005 ehh<_< Quote Link to comment Share on other sites More sharing options...
eelimon Posted November 22, 2005 Share Posted November 22, 2005 ehh<_< sorry did we get off topic Quote Link to comment Share on other sites More sharing options...
museum chick Posted December 8, 2005 Share Posted December 8, 2005 The area on Washington and Bonner is being developed very quickly and it is still quite affordable. You can get a nice townhome in the low 200's. Quote Link to comment Share on other sites More sharing options...
eelimon Posted December 8, 2005 Share Posted December 8, 2005 The area on Washington and Bonner is being developed very quickly and it is still quite affordable. You can get a nice townhome in the low 200's.some may think that is not too affordable Quote Link to comment Share on other sites More sharing options...
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