Houston19514 Posted June 23, 2006 Share Posted June 23, 2006 Is it really that different from any other home-buying transaction, where realtors place "sold" signs atop their signs as soon as a contract is signed and deposit put down? MANY "sold" houses never get to closing. Quote Link to comment Share on other sites More sharing options...
goodfella Posted June 23, 2006 Share Posted June 23, 2006 Is it really that different from any other home-buying transaction, where realtors place "sold" signs atop their signs as soon as a contract is signed and deposit put down? MANY "sold" houses never get to closing.Most realtors don't put up a sold sign until all the contigencies are removed from the contract (i.e. the option period has lapsed and loan approval is in place). Most of the sold signs only get put up once the house is closed and the new owner allows them to leave it there for a few weeks. But the vast majority of the time, a realtor will not put up that sign unless it is a done deal - or they risk losing too many good potential customers. Quote Link to comment Share on other sites More sharing options...
caevans3 Posted June 27, 2006 Share Posted June 27, 2006 Speaking of this project... I saw some surveyors out there at 2727 Kirby yesterday morning with different equipment marking and staking the north side of the complex. Any other updates?caevans3 Quote Link to comment Share on other sites More sharing options...
The New Juniper Posted June 27, 2006 Share Posted June 27, 2006 Most realtors don't put up a sold sign until all the contigencies are removed from the contract (i.e. the option period has lapsed and loan approval is in place). Most of the sold signs only get put up once the house is closed and the new owner allows them to leave it there for a few weeks. But the vast majority of the time, a realtor will not put up that sign unless it is a done deal - or they risk losing too many good potential customers. At least in the above described scenario, there is a contract to discuss. Whether there are contingencies to remove or not, at least someone has signed a contract. Sounds like 2727 doesn't even have that!!! TNJ Quote Link to comment Share on other sites More sharing options...
houston-development Posted June 27, 2006 Share Posted June 27, 2006 Speaking of this project... I saw some surveyors out there at 2727 Kirby yesterday morning with different equipment marking and staking the north side of the complex. Any other updates?caevans3 just look a couple of posts above yours based upon sources i deem reliable, they have lender approval and will get construction funding soon. Quote Link to comment Share on other sites More sharing options...
txtrader Posted July 6, 2006 Share Posted July 6, 2006 just look a couple of posts above yours HD is right funding has been approved, and the start date is in early to mid August. Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted July 6, 2006 Share Posted July 6, 2006 Great news. This is a beautiful building and hopefully a sign of better things to come. Quote Link to comment Share on other sites More sharing options...
The New Juniper Posted July 6, 2006 Share Posted July 6, 2006 HD is right funding has been approved, and the start date is in early to mid August.who is funding? Quote Link to comment Share on other sites More sharing options...
houston-development Posted July 7, 2006 Share Posted July 7, 2006 who is funding? the group i heard starts with a "f" or would that be starts with an "f" Quote Link to comment Share on other sites More sharing options...
brijonmang Posted July 8, 2006 Share Posted July 8, 2006 Wow, I thought this thing was dead in the water. Good to hear they are actually making good progress. Quote Link to comment Share on other sites More sharing options...
feufoma Posted September 28, 2006 Share Posted September 28, 2006 I pass by this site often and notice that absolutely nothing has taken place in the last couple of months. However, a sign still advises of the construction financing. Anyone know what's going on with this project? Looks dead in the water to me. Quote Link to comment Share on other sites More sharing options...
houstonfella Posted September 28, 2006 Share Posted September 28, 2006 This one may get done. First, the Huntingdon is old. Secondly, River Oaks hasn't had another one quite in that league built. There is enough mega millionaires in Houston to buy into 2727. My fingers are crossed because it is such a beautiful design and location. Quote Link to comment Share on other sites More sharing options...
The New Juniper Posted September 29, 2006 Share Posted September 29, 2006 As I understand it, this is dead. Or, at least it is currently on life support. I predict an attempt at a sell off or graceful exit before end of calendar year....Could be wrong, but i deem reliable the sources from which info was received.Mid to late August, which was floated months ago as the start date didn't exactly pan out. If it looks dead and smells dead, it's dead.Here's to hoping i get to read countless postings telling me how dumb i am after this goes up..... Quote Link to comment Share on other sites More sharing options...
sttombiz Posted September 29, 2006 Share Posted September 29, 2006 yea this thing is dead. the only people who can build high rises in houston and come out on top are either randall davis (manhattan, empire, cosmopolitan, renoir) or giorgio some italian last name (interfin- Montebello, Villa d'este, uptown park, four leaf, etc)who built the huntingdon and who built the houstonian? because those guys most have lost a lot of money. Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted September 29, 2006 Share Posted September 29, 2006 Assume as much as you'd like too my dear friends. Until you hear official words, this thing is still a go.sttombiz: Why do you think the Huntingdon and Houstonian lost money? Those were built in the 80's and the demand was very high. The Huntingdon has housed some of Houston's royal, including Ken Lay, Bob & Elyse Lanier. Quote Link to comment Share on other sites More sharing options...
Gary Posted September 30, 2006 Share Posted September 30, 2006 As I understand it, this is dead. Or, at least it is currently on life support. I predict an attempt at a sell off or graceful exit before end of calendar year....Could be wrong, but i deem reliable the sources from which info was received.Mid to late August, which was floated months ago as the start date didn't exactly pan out. If it looks dead and smells dead, it's dead.Here's to hoping i get to read countless postings telling me how dumb i am after this goes up.....Nothing personal Juniper, but Houston-developement's track record is pretty consistent, thus I'm staying optmistic. It has however been a couple of months since his initial "it's a go" post. Quote Link to comment Share on other sites More sharing options...
dalparadise Posted September 30, 2006 Share Posted September 30, 2006 Nothing personal Juniper, but Houston-developement's track record is pretty consistent, thus I'm staying optmistic. It has however been a couple of months since his initial "it's a go" post.Great post! Quote Link to comment Share on other sites More sharing options...
Gary Posted September 30, 2006 Share Posted September 30, 2006 Great post!Hey Dal, I know what your doing, cut it out. Quote Link to comment Share on other sites More sharing options...
houstonfella Posted September 30, 2006 Share Posted September 30, 2006 OK. I'll buy the penthouse and red scare can buy the next 2nd highest priced condo. Then we'll have a great start. I'll only need $013248710293847102389470 ok never mind.... but I am optimistic that we will have a 2727. Quote Link to comment Share on other sites More sharing options...
The New Juniper Posted October 3, 2006 Share Posted October 3, 2006 Nothing personal Juniper, but Houston-developement's track record is pretty consistent, thus I'm staying optmistic. It has however been a couple of months since his initial "it's a go" post. It is not personal at all. the best part about this forum is the free and open exchange of gossip, information, facts, speculation, everything. We all can then have the benefit of being able to read chrnologically through the discussion and see what turned out to be the case. Houston Development has been right a lot, however, he was wrong about the funding of this project...No one can be right 100% of the time We are all only as good/correct/smart as the information we have that allows us to form the opinion. I believe that my information is better than most, but that doesn't make it so. i'm not asking that you believe everything i say. However, go back and review my posts and i will stand by the content of all of them....even the ones about getting rid of the people begging for money in traffic, but i digress... More later. TNJ Quote Link to comment Share on other sites More sharing options...
houston-development Posted October 3, 2006 Share Posted October 3, 2006 It is not personal at all. the best part about this forum is the free and open exchange of gossip, information, facts, speculation, everything. We all can then have the benefit of being able to read chrnologically through the discussion and see what turned out to be the case. Houston Development has been right a lot, however, he was wrong about the funding of this project...No one can be right 100% of the time We are all only as good/correct/smart as the information we have that allows us to form the opinion. I believe that my information is better than most, but that doesn't make it so. i'm not asking that you believe everything i say. However, go back and review my posts and i will stand by the content of all of them....even the ones about getting rid of the people begging for money in traffic, but i digress... More later. TNJ WELL I NEVER! but seriously, ill elaborate. allegedly, freemont has approved financing and atlas sold a portion of oak lane (+/- 5 a) to zom for redevelopment. so in theory, his has financing and equity in place. i am confident the deal will move forward HOWEVER if he doesnt hit his presales number, the deal is dead. tnj is absolutely correct when it comes down to our information. hence the reason i never give a 100% certainty unless im that confident in my source (ie downtown park and fingers tower) Quote Link to comment Share on other sites More sharing options...
The New Juniper Posted October 4, 2006 Share Posted October 4, 2006 WELL I NEVER! but seriously, ill elaborate. allegedly, freemont has approved financing and atlas sold a portion of oak lane (+/- 5 a) to zom for redevelopment. so in theory, his has financing and equity in place. i am confident the deal will move forward HOWEVER if he doesnt hit his presales number, the deal is dead. tnj is absolutely correct when it comes down to our information. hence the reason i never give a 100% certainty unless im that confident in my source (ie downtown park and fingers tower) Here is the latest from what i have heard: New Partner in the deal. That's right, new partner with new money. And no real contracts at this point. I must say I feel less confident in this info than normal, but source held firm even when I told him he was full of ^$#. TNJ Quote Link to comment Share on other sites More sharing options...
houston-development Posted October 4, 2006 Share Posted October 4, 2006 Here is the latest from what i have heard:New Partner in the deal. That's right, new partner with new money. And no real contracts at this point. I must say I feel less confident in this info than normal, but source held firm even when I told him he was full of ^$#.TNJprior to selling oak lane, mike was scratching to find equity... maybe he didnt pull out that much equity from it..as i said somewhere in this thread, most of the "buyers" were left-over from the proposed highrise at the houstonian. those guys were pretty tough and one of the reasons the deal failed.if the buyers arent real and they cant get the presales, the deal will not get financed. Quote Link to comment Share on other sites More sharing options...
Watch4Snakes Posted October 17, 2006 Share Posted October 17, 2006 The sales office on W. Alabama, just west of Kirby, seems to still be open. Has anyone ever stopped in there recently? I drive by it everyday going into the office, but I never make the time to stop in. Quote Link to comment Share on other sites More sharing options...
houston-development Posted October 17, 2006 Share Posted October 17, 2006 i head some news that was not encouraging.freemont did in fact commit to make the construction loan; however, the reservations did not all roll over into hard contracts. freemont renegged and wants more behind the signature, hence the reason for a new partner... Quote Link to comment Share on other sites More sharing options...
bkjones98 Posted October 17, 2006 Share Posted October 17, 2006 (edited) My two cents:Merely claiming that a source is "one you deem reliable" does not, in fact, make the information any more credible.My suggestion would be to support the credibility of a source by more than hollow assertions. Edited October 17, 2006 by bkjones98 Quote Link to comment Share on other sites More sharing options...
houston-development Posted October 18, 2006 Share Posted October 18, 2006 My two cents:Merely claiming that a source is "one you deem reliable" does not, in fact, make the information any more credible.My suggestion would be to support the credibility of a source by more than hollow assertions.my two cents:as someone who has given this forum plenty of inside information, in which i will put my accuracy rate up against anyone, without ever asking nor expecting for anything in return, take your suggestion and shove it where the sun don't shine.have a nice day. Quote Link to comment Share on other sites More sharing options...
bkjones98 Posted October 18, 2006 Share Posted October 18, 2006 my two cents:as someone who has given this forum plenty of inside information, in which i will put my accuracy rate up against anyone, without ever asking nor expecting for anything in return, take your suggestion and shove it where the sun don't shine.have a nice day.Sorry, I didn't realize this forum was patronized by a child or at least someone devoid of the ability to take simple criticism.Your "accuracy rate" and altruism may more than establish whatever "street credit" you feel you deserve; my comment, however, was merely an appeal for some members to avoid begging the question, viz., "it 1 Quote Link to comment Share on other sites More sharing options...
houston-development Posted October 19, 2006 Share Posted October 19, 2006 ill make sure that when i do reveal my sources, you will be the first to know. until then, dont read my contributions to this form.deal? Quote Link to comment Share on other sites More sharing options...
houston-development Posted October 20, 2006 Share Posted October 20, 2006 it appears that atlas has about a 30 day window to move forward with his current structure. ps - i didnt know this forum had an ignore feature. good stuff Quote Link to comment Share on other sites More sharing options...
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