Houston19514 Posted November 27, 2007 Share Posted November 27, 2007 finally, they are still moving forward with richmond/post oak, only selling off out-parcels.Did the Chron have it wrong when they said: "The company owns about 9 acres near Richmond and Post Oak that it acquired for $34 million. The land is now under contract to another buyer for $57.5 million."? Quote Link to comment Share on other sites More sharing options...
The Great Hizzy! Posted November 27, 2007 Share Posted November 27, 2007 If I'm seeing this location in my mind properly, it "seems" small. I'm assuming a greater part of the parcel stretches out under the foliage that hangs over the bayou in that area? Quote Link to comment Share on other sites More sharing options...
houston-development Posted November 27, 2007 Share Posted November 27, 2007 (edited) Did the Chron have it wrong when they said: "The company owns about 9 acres near Richmond and Post Oak that it acquired for $34 million. The land is now under contract to another buyer for $57.5 million."?i didnt see that. they were selling out-parcels but if that is the case, obviously someone made an offer they couldnt refuse for the whole thing.If I'm seeing this location in my mind properly, it "seems" small. I'm assuming a greater part of the parcel stretches out under the foliage that hangs over the bayou in that area?sorta. here is the hcad map (bottom right) -> linkcomes out to 242,325 sq ft = 5.56 aedited to add: the numbers are lightly off from the map because they have one more parcel that isn't shown. click this link and then "similar owner name". three will pop up.edited again: post oak/richmond comes out to $147 psf.: shakes head : Edited November 27, 2007 by houston-development Quote Link to comment Share on other sites More sharing options...
JWW Posted November 30, 2007 Share Posted November 30, 2007 Exactly... and in some cases, that it needs to be nearly sold out before they can begin construction.It's interesting that, since we have a falling dolar, many foreign entities are focused on this Houston project.Could we please have a discussion about the financing of residential condo buildings as I tried to ask about this topic on the Tallest Building in the World thread recently? My questions/responses on that thread were about how the Chicago Spire got construction financing without "being able" to presell at all and about the capital structures of residential condominiums with foreign developers compared to U.S. developers. We should have a lot of good material regarding this topic, hopefully. Quote Link to comment Share on other sites More sharing options...
bachanon Posted November 30, 2007 Share Posted November 30, 2007 Could we please have a discussion about the financing of residential condo buildings as I tried to ask about this topic on the Tallest Building in the World thread recently? My questions/responses on that thread were about how the Chicago Spire got construction financing without "being able" to presell at all and about the capital structures of residential condominiums with foreign developers compared to U.S. developers. We should have a lot of good material regarding this topic, hopefully.jww, you could start a thread in off topic if you want to bring out people who want to go in depth in to that subject. this thread is about a specific development. Quote Link to comment Share on other sites More sharing options...
ricco67 Posted November 30, 2007 Share Posted November 30, 2007 BUT, if you want to talk about financing of THIS particular development, then by all means. Quote Link to comment Share on other sites More sharing options...
houston-development Posted November 30, 2007 Share Posted November 30, 2007 BUT, if you want to talk about financing of THIS particular development, then by all means.uh, the cliff notes version would be they have a ton of money. hypothetically speaking, if they were build this without presales, they would have to put up a chunk of equity (say 40%) vs debt. so if they build it and no one comes, the bank gets a brand new deal at a discount. Quote Link to comment Share on other sites More sharing options...
The Great Hizzy! Posted November 30, 2007 Share Posted November 30, 2007 Staggering to think about. Of course, I'm comparing the developer's bank account and assets to mine. Quote Link to comment Share on other sites More sharing options...
houston-development Posted December 4, 2007 Share Posted December 4, 2007 this is the site. was driving by and took a last minute picture. sorry for the blurry shot. it appears, and im pretty certain its the case, that all tenants have vacated. Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted December 6, 2007 Share Posted December 6, 2007 so this isn't a turnberry update? Quote Link to comment Share on other sites More sharing options...
KatieDidIt Posted December 7, 2007 Share Posted December 7, 2007 What's with man standing in front of the old buildings wearing a USA cap and/or waving an American Flag and pointing to the vacated offices?? He often takes poses of famous American Patriotic statues. He's there almost every day, and it does make you smile after few times because he seems like such a harmless loonie. Is he a hired guy for PR, is a tenant still in there we can't see or is he just a nut? Its not like you can look too long to figure out what he's pointing at because you will run into the back of someone if you did.Anyone else seen him? I see him almost everyday between 2 and 3pm. Quote Link to comment Share on other sites More sharing options...
swtsig Posted December 7, 2007 Share Posted December 7, 2007 What's with man standing in front of the old buildings wearing a USA cap and/or waving an American Flag and pointing to the vacated offices?? He often takes poses of famous American Patriotic statues. He's there almost every day, and it does make you smile after few times because he seems like such a harmless loonie. Is he a hired guy for PR, is a tenant still in there we can't see or is he just a nut? Its not like you can look too long to figure out what he's pointing at because you will run into the back of someone if you did.Anyone else seen him? I see him almost everyday between 2 and 3pm. yeah, i work next door and noticed him today.... pretty funny. never noticed him before, though. Quote Link to comment Share on other sites More sharing options...
BuilderGeek Posted December 28, 2007 Share Posted December 28, 2007 DEAD - Condo project flops as seniors fail to buy inhttp://houston.bizjournals.com/houston/sto.../31/story5.html Quote Link to comment Share on other sites More sharing options...
KatieDidIt Posted January 10, 2008 Share Posted January 10, 2008 DEAD - Condo project flops as seniors fail to buy inhttp://houston.bizjournals.com/houston/sto.../31/story5.htmlDid the Woodlands one flop too? Quote Link to comment Share on other sites More sharing options...
BuilderGeek Posted January 11, 2008 Share Posted January 11, 2008 Did the Woodlands one flop too?From my info The Woodlands, Dallas and Memorial projects are all dead. And they've all been removed from their Web site. Quote Link to comment Share on other sites More sharing options...
jgriff Posted February 21, 2008 Share Posted February 21, 2008 They're putting up a fence around the site today. Quote Link to comment Share on other sites More sharing options...
lockmat Posted February 21, 2008 Share Posted February 21, 2008 This it?http://maps.live.com/default.aspx?v=2&...1&encType=1 Quote Link to comment Share on other sites More sharing options...
jgriff Posted February 22, 2008 Share Posted February 22, 2008 (edited) This it?http://maps.live.com/default.aspx?v=2&...1&encType=1Yep, the fence covers from the bayou to the triangular building on the east. Edited February 22, 2008 by jgriff Quote Link to comment Share on other sites More sharing options...
jgriff Posted February 24, 2008 Share Posted February 24, 2008 The triangular Dolce & Freddo building was down when I drove by today. Quote Link to comment Share on other sites More sharing options...
ChannelTwoNews Posted March 7, 2008 Share Posted March 7, 2008 They've put up a green series of walls along San Felipe, and today they're placing a few banners stating that the developers are donating the salvaged components of the demolition to Habitat for Humanity of NW Harris County. Quote Link to comment Share on other sites More sharing options...
lockmat Posted March 22, 2008 Share Posted March 22, 2008 (edited) So is this still gonna be two condos or three? It's hard to tell from this planlink Edited March 22, 2008 by lockmat Quote Link to comment Share on other sites More sharing options...
Lowbrow Posted March 22, 2008 Share Posted March 22, 2008 This makes me sad since I love the current building on the lot but I have to say that I never gave business to anyone in there either... Quote Link to comment Share on other sites More sharing options...
rsb320 Posted March 24, 2008 Share Posted March 24, 2008 The way I read the article on Swamplot today is that there will be three structures. There will be two towers and a separate building to be used as the sales office and later converted to retail and a spa. Quote Link to comment Share on other sites More sharing options...
ChannelTwoNews Posted November 8, 2009 Share Posted November 8, 2009 According to Nancy, it's still alive-ish.http://www.chron.com/disp/story.mpl/business/sarnoff/6708283.html Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted November 8, 2009 Share Posted November 8, 2009 This is indeed good news. I almost forgot about this project. Good to hear that it still has a pulse - however weak. Quote Link to comment Share on other sites More sharing options...
lockmat Posted November 9, 2009 Share Posted November 9, 2009 I guess what this really means is 2012 or 2013.Construction would start next year and units would begin being marketed in 2011, Mirski said. Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted November 9, 2009 Share Posted November 9, 2009 I have my fingers crossed that construction starts sooner. Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted November 10, 2009 Share Posted November 10, 2009 No renderings? Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted November 11, 2009 Share Posted November 11, 2009 No renderings?There where a couple of renderings some time ago. They will be offset at 45 degree angles to each other and the lobby/main entrance will be in some circular structure between them. The pool was shown to be on top of some kind of structure. Likely a 10 or so story parking garage of sorts. Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted November 11, 2009 Share Posted November 11, 2009 There where a couple of renderings some time ago. They will be offset at 45 degree angles to each other and the lobby/main entrance will be in some circular structure between them. The pool was shown to be on top of some kind of structure. Likely a 10 or so story parking garage of sorts.Is this one of the renderings?http://boymelgreen.com/en/project_details.php?pid=180&tid=RESIDENTIAL Quote Link to comment Share on other sites More sharing options...
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