TheNiche Posted December 27, 2006 Share Posted December 27, 2006 http://www.hcnonline.com/site/news.cfm?new...32240&rfi=6 Quote 11/02/2006 A new look for Seabrook By: DANA BURKE , Citizen Staff The City of Seabrook took its first step toward the redevelopment of the Point Oct. 16 by approving a conditional use permit to allow Seabrook Land Co. to build a waterfront development. The 99-unit mid-rise condominium complex will rise eight stories and will be located at the intersection of Todville Road and Tenth Street on the northeast edge of the peninsula. Kitch Taub, president of Seabrook Land Co., told the City Council before the permit was approved that his company has made attempts to develop the property for several decades. He said he hopes to create a development that meets Seabrook's needs as well as those of the company. I found this just now. Link to comment Share on other sites More sharing options...
The Great Hizzy! Posted December 28, 2006 Share Posted December 28, 2006 Could the greater Clear Lake area be adopting some of the highrise characteristics of the city of Houston proper, what with the earliest ones coming in scattered formation and eventually yielding a cluster of buildings in multiple areas--north Clear Lake, Kemah, Seabrook, etc? Link to comment Share on other sites More sharing options...
TheNiche Posted December 28, 2006 Author Share Posted December 28, 2006 Could the greater Clear Lake area be adopting some of the highrise characteristics of the city of Houston proper, what with the earliest ones coming in scattered formation and eventually yielding a cluster of buildings in multiple areas--north Clear Lake, Kemah, Seabrook, etc?At this point it looks more like a free-for-all. Everyone wants a peice of that sweet Endeavor action. Link to comment Share on other sites More sharing options...
The New Juniper Posted December 28, 2006 Share Posted December 28, 2006 The Clear Lake market is thin at best. Kitch has a great site though. Link to comment Share on other sites More sharing options...
PapillionWyngs Posted December 28, 2006 Share Posted December 28, 2006 The Clear Lake market is thin at best. Kitch has a great site though.May I polietly ask what you mean by "thin"? Thanks. Link to comment Share on other sites More sharing options...
The New Juniper Posted January 2, 2007 Share Posted January 2, 2007 May I polietly ask what you mean by "thin"? Thanks.Absolutely. The Clear Lake market got its launch with a wave of investors. Endeavour has more than half of its current sales to one group. The other half have been moving slowly. The cost of construction has gone up at such a rate that hi rise living is $300+ psf just to develop. Delivery at less than that means your land cost next to nothing, or you are delivering quality that is less than what i would consider adequate. I say this b/c Clear Lake is a secondary or tertiary market when considering buying a home, primary or otherwise. Pricing for these new Clear Lake second homes will be in direct competition with beach properties. This means that those looking to invest (park cash, not flip) in a second or third home will migrate to beach properties as they have proven to hold value. Clear Lake is more of a speculative market. As the market cools, markets such as this will be affected more so than quality beach or A+ infill site projects. Just my opinion.Happy New Year everyone.TNJ Link to comment Share on other sites More sharing options...
lwood Posted January 2, 2007 Share Posted January 2, 2007 Absolutely. The Clear Lake market got its launch with a wave of investors. Endeavour has more than half of its current sales to one group. The other half have been moving slowly. The cost of construction has gone up at such a rate that hi rise living is $300+ psf just to develop. Delivery at less than that means your land cost next to nothing, or you are delivering quality that is less than what i would consider adequate. I say this b/c Clear Lake is a secondary or tertiary market when considering buying a home, primary or otherwise. Pricing for these new Clear Lake second homes will be in direct competition with beach properties. This means that those looking to invest (park cash, not flip) in a second or third home will migrate to beach properties as they have proven to hold value. Clear Lake is more of a speculative market. As the market cools, markets such as this will be affected more so than quality beach or A+ infill site projects. Just my opinion.Happy New Year everyone.TNJEndeavour has announced the second high rise in Clear Lake and two projects in Galveston. Link to comment Share on other sites More sharing options...
The New Juniper Posted January 2, 2007 Share Posted January 2, 2007 Endeavour has announced the second high rise in Clear Lake and two projects in Galveston.Galveston: Exactly my pointAnother Clear Lake Tower: i wish them the absolute best of luck Link to comment Share on other sites More sharing options...
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