UrbaNerd Posted July 18, 2011 Share Posted July 18, 2011 Oh joy, more EIFS clad, faux-mediterranean, red tile roofed, turreted "luxury apartments" just west of downtown. 4 Quote Link to comment Share on other sites More sharing options...
swtsig Posted July 18, 2011 Share Posted July 18, 2011 Oh joy, more EIFS clad, faux-mediterranean, red tile roofed, turreted "luxury apartments" just west of downtown.have you seen any of the renderings for this project? even if it just ends up as apartments (which it likely will), none of the renderings have even hinted at any "faux-mediterranean" stucco boringness... unless, of course, i missed something. Quote Link to comment Share on other sites More sharing options...
lockmat Posted July 18, 2011 Share Posted July 18, 2011 even if it just ends up as apartments (which it likely will)You think it could really turn into only apartments? This company has been sitting on this property for years and then they're simply gonna do apartments? Quote Link to comment Share on other sites More sharing options...
TheNiche Posted July 19, 2011 Share Posted July 19, 2011 You think it could really turn into only apartments? This company has been sitting on this property for years and then they're simply gonna do apartments?Yes, very easily. Financing for new anything-but-apartments remains difficult to obtain. Mixed use projects are complex, difficult to prelease for, and...they just aren't that efficient in terms of layout and cost per net rentable square foot. It's what a developer builds when 1) they are forced to, or 2) retail rents are proven to be ridiculously high.Another consideration is that many institutional buyers of the highest-quality real estate have very specific criteria in terms of what kinds of land use they deal in, the size of the project, and other factors. Mixed-use projects often don't meet their criteria. They want something more like a commodity, interchangable. And developers build for the end-user...which is not the general public or their tenants, but the buyer. (...oh, and also to screw their partners. Actually, that might be developers' foremost consideration.) Quote Link to comment Share on other sites More sharing options...
lockmat Posted July 19, 2011 Share Posted July 19, 2011 You're right, but it just seems odd to sit on it for over two decades and then settle for apartments. They don't want to wait any longer I guess. Quote Link to comment Share on other sites More sharing options...
20thStDad Posted July 19, 2011 Share Posted July 19, 2011 This is the most frustrating thread ever. 1 Quote Link to comment Share on other sites More sharing options...
Mister X Posted July 19, 2011 Share Posted July 19, 2011 (edited) Don't get too frustrated. Take it for what it's worth; free entertainment on the internet and nothing more. Edited July 19, 2011 by Mister X Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted July 19, 2011 Share Posted July 19, 2011 have you seen any of the renderings for this project? even if it just ends up as apartments (which it likely will), none of the renderings have even hinted at any "faux-mediterranean" stucco boringness... unless, of course, i missed something.It seems that is the latest fad. Quote Link to comment Share on other sites More sharing options...
wernicke Posted July 19, 2011 Share Posted July 19, 2011 I'm curious, why are developers constantly tearing down existing properties that generate positive revenue before they have secured financing for a replacement development?The previous Regent Square renderings were great, but they were probably overly ambitious even before the Great Recession and tightening of credit. Quote Link to comment Share on other sites More sharing options...
shasta Posted July 19, 2011 Share Posted July 19, 2011 It seems that is the latest fad. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted July 20, 2011 Share Posted July 20, 2011 I'm curious, why are developers constantly tearing down existing properties that generate positive revenue before they have secured financing for a replacement development?Lenders tend to have a limited tolerance for risk, so they will sometimes require that a site be vacant and unencumbered, with all plans approved prior to making good on a loan agreement. There are ways for lenders to cut and run if they feel like it. Regardless...if a developer wants to make their proposal happen, they've got to at least make a good faith effort to get their ducks in a row and demonstrate their seriousness about the project. And part of that process is evicting everyone and tearing down what's there. Quote Link to comment Share on other sites More sharing options...
lockmat Posted September 22, 2011 Share Posted September 22, 2011 I don't remember being able to see those apartments in the top left corner, or maybe I'm just having a memory lapse? http://www.gid.com/development/regent-square.aspx Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted September 22, 2011 Share Posted September 22, 2011 (edited) I don't remember being able to see those apartments in the top left corner, or maybe I'm just having a memory lapse? http://www.gid.com/development/regent-square.aspx Estates at River Oaks. Been there since '96. Edited September 22, 2011 by Montrose1100 Quote Link to comment Share on other sites More sharing options...
lockmat Posted September 22, 2011 Share Posted September 22, 2011 Estates at River Oaks. Been there since '96.The yellow ones that kinda look like an "M"? Those look like part of the rendering. I'm not talking about the spanish tile roof ones. Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted September 22, 2011 Share Posted September 22, 2011 The yellow ones that kinda look like an "M"? Those look like part of the rendering. I'm not talking about the spanish tile roof ones.Should have paid better attention. It looks like it's part of the project/rendering. Quote Link to comment Share on other sites More sharing options...
Sellanious Caesar Posted September 23, 2011 Share Posted September 23, 2011 I like this development best of all the Houston projects and even though I'm pulling for it to happen as it is now in the renderings, I am prepared for the worst. This project even without the high rises is still a great one and urban neighborhoods and walkable areas like this would be exactly what Houston needs. Infill, Houston's getting plenty of that and more to come. Quote Link to comment Share on other sites More sharing options...
houstonartstudent Posted September 23, 2011 Share Posted September 23, 2011 Looks to be where the current remote part of the Allen House apartments are...in studying the existing site it looks like it could fit there. Quote Link to comment Share on other sites More sharing options...
swtsig Posted September 28, 2011 Share Posted September 28, 2011 also looks like there's another tower going up right next to the top-left apartments... Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted September 28, 2011 Share Posted September 28, 2011 I sure hope they build those high rises. I think these projects are nothing without them. Quote Link to comment Share on other sites More sharing options...
htownproud Posted September 30, 2011 Share Posted September 30, 2011 At this point, I just wish we had the allen house apartments back. these guys aren't going to build regent square, and I'd rather have something here than the fenced empty lots that have been here for the past five years. Quote Link to comment Share on other sites More sharing options...
lockmat Posted January 28, 2012 Share Posted January 28, 2012 I don't want to blow things out of proportion, so I'm gonna step into the world of armchair developer for a minute.When are they gonna get this project goin? Its a little puzzling that a ton of apartments are goin up everywhere but not here. You would think they could at least put up one apt complex.My highly sought after opinion is this: build that little park first and build out from there.Imo this one project has the potential to change Houston than any other. Quote Link to comment Share on other sites More sharing options...
wernicke Posted January 28, 2012 Share Posted January 28, 2012 Not happening. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted January 28, 2012 Share Posted January 28, 2012 Not happening.Do you have some sort of automatic setting that inserts your opinions that projects are not going to happen? Quote Link to comment Share on other sites More sharing options...
Mister X Posted January 28, 2012 Share Posted January 28, 2012 Happening. Hey - my guess is as good as Mr. Wernicke's. And so are my supporting arguments. Quote Link to comment Share on other sites More sharing options...
tierwestah Posted January 28, 2012 Share Posted January 28, 2012 i hope it this project hasn't been scrapped. It's frustrating because it was supposed to begin last fall (2011) and still no word of anything. I'm wondering if this might be going the way of the High Street project. I remember years ago they were saying that the High Street development was going to add new apartments or condos which would cause the Westcreek apartments to be razed, Well? Here we are 5 years later and still nothing.It would be awesome if this RS happens, and along with the new "Central park" concept nearby. It would be a true urban paradise. Quote Link to comment Share on other sites More sharing options...
lockmat Posted February 24, 2012 Share Posted February 24, 2012 Heard this from someone in the real estate industry, hopefully the redesigning part is true!Very little information is known about GID's time table for commencement of construction. It is rumored that they are redesigning portions of the plan due to the robust economy in Houston. This week surveyors were flagging the Allen House site which may indicate some advancements with the planning. I also have observed activity at the RS office lately. Last Thursday, the Dunlavy windows were open revealing a full-scale model of what is to come. 1 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted February 24, 2012 Share Posted February 24, 2012 Heard this from someone in the real estate industry, hopefully the redesigning part is true!It would truely be amazing if they up scaled it any more then the previous renderings. Greatest looking project Houston has seen in decades! I am anxious for a completion date. I'll time my lease just right. Quote Link to comment Share on other sites More sharing options...
Mister X Posted February 24, 2012 Share Posted February 24, 2012 (edited) They probably want to add more apartments since that is now a hotter commodity than when Regency Square was originally designed. Glad to hear something in a forward direction is happening - even if it's only a rumor. This could be such a huge game-changer for Houston and it hasn't been talked about much lately. It might be the biggest and coolest "urban-style" project Houston has ever had if we're lucky. Edited February 24, 2012 by Mister X 2 Quote Link to comment Share on other sites More sharing options...
swtsig Posted February 24, 2012 Share Posted February 24, 2012 it's pretty exciting envisioning this project combined with the planned/proposed buffalo bayou "redevelopment" between sabine and shepherd... combined these two have "game changer" written all over it. Quote Link to comment Share on other sites More sharing options...
fatesdisastr Posted February 26, 2012 Share Posted February 26, 2012 I know that my friends Allen House apartment is being knocked down and she is having to move to another unit this week I believe. Not sure if it is Regent Square's future doing 1 Quote Link to comment Share on other sites More sharing options...
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