Popular Post TheSirDingle Posted November 19, 2019 Popular Post Posted November 19, 2019 Source: https://www.bizjournals.com/houston/news/2019/11/18/austin-developer-plans-multifamily-project-near.html Quote New 257 unit multifamily development near Houston's Greenway Plaza-Upper Kirby area is scheduled to begin construction early next year, according to records with the state of Texas... Austin-Based Oden Hughes plans to spends $31.5 million to build a five-story, 413-700 square foot apartment building at 3810 Drexel Drive. The project, dubbed Drexel Apartments, will also include a precast concrete garage and a leasing office, according to the filling. Project will be built on a vacant 1.6-acre parcel at the corner of Southwest Freeway Service road and Drexel Drive, near the interchange between Interstate 69/Highway 59 and Interstate 610... Davies Collaborative, based in Austin, is listed as the project's designer... Schedule to be completed in March 2022...filing submmitted by Andrea LaCour. This will also be Oden Hughes' first project inside the loop. The property was also valued at $4.9 million. Area of development: 10 Quote
Texasota Posted November 19, 2019 Posted November 19, 2019 It's going to take four months to build? That ... seems like a bad sign. Quote
rechlin Posted November 19, 2019 Posted November 19, 2019 2 hours ago, Texasota said: It's going to take four months to build? That ... seems like a bad sign. The article says 2 years: Quote Construction work on Drexel Apartments is scheduled to be completed in March 2022, the filing states. 2 Quote
Popular Post Urbannizer Posted December 23, 2019 Popular Post Posted December 23, 2019 Under Contract https://dmre.com/wp-content/uploads/2019/02/DMRE-Drexel-US59-OM.pdf 10 Quote
Highrise Tower Posted September 5, 2020 Posted September 5, 2020 Sitework permit issued for 3810 1/2 Drexel. 9 Quote
zaphod Posted November 7, 2020 Posted November 7, 2020 It's a funky location. It could be convenient for a lot of people but on the other hand it would be hard to enjoy walking around your neighborhood. I wonder if long term there are plans to redevelop the warehouse building next door. 2 Quote
Highrise Tower Posted January 9, 2021 Posted January 9, 2021 Small renderings. https://www.instagram.com/odenhughes1 5 Quote
Urbannizer Posted January 9, 2021 Posted January 9, 2021 16 hours ago, Highrise Tower said: Small renderings. https://www.instagram.com/odenhughes1 These are photos of an existing project. I don’t understand why some developers do this instead of posting an actual rendering. 1 1 Quote
Highrise Tower Posted January 23, 2021 Posted January 23, 2021 Parking garage building permit issued. 2 Quote
Mark Resident Posted January 23, 2021 Posted January 23, 2021 Why do they keep building apartments when the market is so saturated? Quote
Specwriter Posted January 23, 2021 Posted January 23, 2021 18 minutes ago, Mark Resident said: Why do they keep building apartments when the market is so saturated? That's an interesting question, Mark. Generally developers want a return on their investment in a reasonable amount of time but they also want to take advantage of opportunities and position themselves in a way they believe the market is headed. On thing the pandemic has proven is a lot of people can work from home or other remote locations and shop on-line with home delivery. Perhaps developers are asking what is next going to be in demand, commercial office buildings (not if more are working remotely), retail space (not if more are ordering on-line and having goods delivered to their doors), hospitality and entertainment (who knows)? Besides, if I had to guess, I would think garden and podium apartments are less expensive to build than office buildings and retail centers. 3 Quote
hindesky Posted April 4, 2021 Posted April 4, 2021 I'm guessing they are going to have a precast parking garage although I would like to see a tower crane. 2 Quote
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