Popular Post hindesky Posted December 15, 2019 Popular Post Share Posted December 15, 2019 14 Quote Link to comment Share on other sites More sharing options...
Amlaham Posted December 16, 2019 Share Posted December 16, 2019 Doesn't Fiesta's lease end this month? Tearing down that building will make a huge visible difference to the area. 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted December 16, 2019 Share Posted December 16, 2019 2 minutes ago, Amlaham said: Doesn't Fiesta's lease end this month? Tearing down that building will make a huge visible difference to the area. The word is Rice Management has "begged" Fiesta to stay beyond the end of their lease. This is a long-term development plan. If Fiesta left now, we would have a vacant building or another vacant lot, probably for a number of years. 6 Quote Link to comment Share on other sites More sharing options...
Amlaham Posted December 16, 2019 Share Posted December 16, 2019 2 minutes ago, Houston19514 said: The word is Rice Management has "begged" Fiesta to stay beyond the end of their lease. This is a long-term development plan. If Fiesta left now, we would have a vacant building or another vacant lot, probably for a number of years. Oh that makes sense 👍 Quote Link to comment Share on other sites More sharing options...
HNathoo Posted December 16, 2019 Share Posted December 16, 2019 3 minutes ago, Houston19514 said: The word is Rice Management has "begged" Fiesta to stay beyond the end of their lease. This is a long-term development plan. If Fiesta left now, we would have a vacant building or another vacant lot, probably for a number of years. The optics would look terrible if Fiesta shut down. Rice has to do whatever they can to keep Fiesta open, even at free rent. 2 Quote Link to comment Share on other sites More sharing options...
Amlaham Posted December 16, 2019 Share Posted December 16, 2019 https://www.houstonchronicle.com/news/transportation/article/Mexican-consulate-moving-to-southwest-Houston-to-14905843.php Not technically the Innovation District, but in the area. 6 1 Quote Link to comment Share on other sites More sharing options...
phillip_white Posted December 16, 2019 Share Posted December 16, 2019 18 minutes ago, Toopicky said: "Optics" doesn't mean a thing in this case, unless you mean the homeless population will have fewer places to hang around. If Fiesta doesn't pay rent I would fence the building off as there is no sane reason to keep it open with no revenue stream... you would have the same real estate taxes, but retain ONGOING building maintenance and higher liability insurance costs. That's not necessarily true. If their lease agreement is triple net (property taxes, insurance, and maintenance paid by the lessee), giving Fiesta free rent would be beneficial for RMC in the eyes of the group that wants them to sign the CBA (the store stay open) as well as Fiesta paying for the property taxes until RMC decides to develop that block. 2 Quote Link to comment Share on other sites More sharing options...
phillip_white Posted December 17, 2019 Share Posted December 17, 2019 5 hours ago, Toopicky said: "If" ..... that is a big word, and in this case if Fiesta was paying property taxes, insurance, and maintenance that constitutes rent Not sure why I'm even responding to this, but most long-term big box rental agreements are triple net so "if" is not really that improbable in this circumstance. Furthermore, negotiated rent is in addition to those costs and is based on a price per square foot multiplier... meaning $0/sqft rent still covers RMC's costs. 1 Quote Link to comment Share on other sites More sharing options...
HNathoo Posted December 17, 2019 Share Posted December 17, 2019 10 hours ago, Toopicky said: "Optics" doesn't mean a thing in this case, unless you mean the homeless population will have fewer places to hang around. If Fiesta doesn't pay rent I would fence the building off as there is no sane reason to keep it open with no revenue stream... you would have the same real estate taxes, but retain ONGOING building maintenance and higher liability insurance costs. rice is thinking much bigger than this. the possible marginal revenue they receive off of this is meaningless relative to the projects scale. They should be more concerned about keeping the adjacent neighborhood happy - at least until they get their entitlements in place. 2 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted December 17, 2019 Share Posted December 17, 2019 (edited) 8 hours ago, Toopicky said: Most likely the adjacent neighborhood's residents will never be happy in any case, but I see the value in what you say about entitlements. Other than the extortionists, I suspect that most of those in the adjacent neighborhood will indeed be happy with this. FWIW, I'm actually in an adjacent neighborhood. I and everyone else in the neighborhood I've spoken with are thrilled with this project. Edited December 17, 2019 by Houston19514 6 Quote Link to comment Share on other sites More sharing options...
BeerNut Posted December 17, 2019 Share Posted December 17, 2019 1 hour ago, Houston19514 said: Other than the extortionists, I suspect that most of those in the adjacent neighborhood will indeed be happy with this. Neartown has been quiet but Midtown seems supportive. 1 Quote Link to comment Share on other sites More sharing options...
Andrew Ewert Posted December 17, 2019 Share Posted December 17, 2019 22 hours ago, Toopicky said: "Optics" doesn't mean a thing in this case, unless you mean the homeless population will have fewer places to hang around. You act like no one actually shops at that Fiesta... 3 Quote Link to comment Share on other sites More sharing options...
dbigtex56 Posted December 17, 2019 Share Posted December 17, 2019 23 hours ago, Toopicky said: "Optics" doesn't mean a thing in this case, unless you mean the homeless population will have fewer places to hang around. If Fiesta doesn't pay rent I would fence the building off as there is no sane reason to keep it open I frequent this Fiesta, and the homeless population doesn't hang around on their property, nor do they shop there. The fact that they hang out on the periphery is coincidental. The people who shop there are (and there are many) are attracted by the lower prices on some items, a wider selection of ethnic and imported foods than are usually found in the larger chain grocery stores, and the store's proximity to the #25 bus and the Wheeler Station stop on the Red Line. Another, less tangible, asset this Fiesta offers is its lack of pretense. To put it bluntly, not everyone feels comfortable around a bunch of snobbish, pretentious, judgmental yuppies. Sounds like some people don't recognize its value because, after all, only the poor shop there - and who the hell cares about them? It's this sort of attitude that may have prompted concerned residents of the Third Ward to demand that their voices be heard. If there's an opportunity to make this a win-win situation, by all means let's do so. 8 Quote Link to comment Share on other sites More sharing options...
j_cuevas713 Posted December 18, 2019 Share Posted December 18, 2019 7 hours ago, dbigtex56 said: I frequent this Fiesta, and the homeless population doesn't hang around on their property, nor do they shop there. The fact that they hang out on the periphery is coincidental. The people who shop there are (and there are many) are attracted by the lower prices on some items, a wider selection of ethnic and imported foods than are usually found in the larger chain grocery stores, and the store's proximity to the #25 bus and the Wheeler Station stop on the Red Line. Another, less tangible, asset this Fiesta offers is its lack of pretense. To put it bluntly, not everyone feels comfortable around a bunch of snobbish, pretentious, judgmental yuppies. Sounds like some people don't recognize its value because, after all, only the poor shop there - and who the hell cares about them? It's this sort of attitude that may have prompted concerned residents of the Third Ward to demand that their voices be heard. If there's an opportunity to make this a win-win situation, by all means let's do so. I agree 100%! I use to live on Jack and walked there to grab groceries from time to time. Hell I even stood in line after Harvey. It was actually a decent Fiesta and had everything I needed. 2 Quote Link to comment Share on other sites More sharing options...
midtowndweller Posted December 18, 2019 Share Posted December 18, 2019 I'm going to have to disagree. I live two blocks from the Fiesta and I shop there about 2-3 times a week. Every time I walk there I see a bunch of homeless and drug dealers on the side of the building near San Jac. and when I drive there and take the Caroline route, they are just posted along the store. Very unpleasant. They are even in there shopping. There's been more times than a few where I've been approached for money while shopping, and of course there's the frequent homeless in line asking for you to pay for their beer. I only shop there for convenience...and i DO mean convenience. I'm extremely excited to see how this project will clean this part of town up. I speak with a lot of people that live near me and we all agree that we'd appreciate a walking our dogs without having to walk over the homeless and being followed and harassed. 5 Quote Link to comment Share on other sites More sharing options...
Texasota Posted December 18, 2019 Share Posted December 18, 2019 Man you people need to visit other cities. That Fiesta is fine, and the homeless population around it is neither particularly large or bothersome. Not saying there are never problems or that it shouldn't improve, but I blame the 59 overpass primarily for those problems, not the grocery store. 5 Quote Link to comment Share on other sites More sharing options...
Tumbleweed_Tx Posted December 18, 2019 Share Posted December 18, 2019 1 hour ago, Texasota said: Man you people need to visit other cities. That Fiesta is fine, and the homeless population around it is neither particularly large or bothersome. Not saying there are never problems or that it shouldn't improve, but I blame the 59 overpass primarily for those problems, not the grocery store. yep. most of the bums have been chased back to the downtown area. 1 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted December 21, 2019 Share Posted December 21, 2019 Chipping away. 6 1 1 Quote Link to comment Share on other sites More sharing options...
phillip_white Posted December 21, 2019 Share Posted December 21, 2019 Wowwww! There's no way a safety supervisor signed off on this... 2 hours ago, ekdrm2d1 said: Chipping away. 8 Quote Link to comment Share on other sites More sharing options...
jmitch94 Posted December 21, 2019 Share Posted December 21, 2019 That is some straight up third world demo right there. 4 3 Quote Link to comment Share on other sites More sharing options...
EllenOlenska Posted December 21, 2019 Share Posted December 21, 2019 It reminds me of movies where the machines of sentient and they use other machines. 2 Quote Link to comment Share on other sites More sharing options...
Ross Posted December 21, 2019 Share Posted December 21, 2019 10 hours ago, jmitch94 said: That is some straight up third world demo right there. No, that's second world. Third world would have the second machine holding up another machine, which would sit on top of some sketch bamboo scaffolding. 2 5 Quote Link to comment Share on other sites More sharing options...
mollusk Posted December 21, 2019 Share Posted December 21, 2019 It's more stable than it looks... 1 1 1 Quote Link to comment Share on other sites More sharing options...
hindesky Posted December 21, 2019 Share Posted December 21, 2019 The jackhammer is on top now. At least the guys are tied off. 6 Quote Link to comment Share on other sites More sharing options...
danielsonr Posted December 22, 2019 Share Posted December 22, 2019 Why didn’t they just tear the damn thing down and start over? What, if any, of the architectural elements of the building remain? 8 1 Quote Link to comment Share on other sites More sharing options...
Popular Post mkultra25 Posted December 22, 2019 Popular Post Share Posted December 22, 2019 10 hours ago, Ross said: No, that's second world. Third world would have the second machine holding up another machine, which would sit on top of some sketch bamboo scaffolding. 6 7 Quote Link to comment Share on other sites More sharing options...
MidCenturyMoldy Posted December 22, 2019 Share Posted December 22, 2019 21 hours ago, danielsonr said: Why didn’t they just tear the damn thing down and start over? What, if any, of the architectural elements of the building remain? Tell me about it! I REALLY dislike the hybrid plan they have for this project. Either restore and repurpose the building as it was, or build something totally new. 1 Quote Link to comment Share on other sites More sharing options...
hindesky Posted January 1, 2020 Share Posted January 1, 2020 8 Quote Link to comment Share on other sites More sharing options...
Tumbleweed_Tx Posted January 1, 2020 Share Posted January 1, 2020 I'm still wondering why they didn't level this building and start over from scratch because it looks like they would be farther along if they did. 2 Quote Link to comment Share on other sites More sharing options...
Popular Post bobruss Posted January 2, 2020 Popular Post Share Posted January 2, 2020 The most interesting and original structure is still in tact on the north end and the south end that has been demo'd had been reworked in a previous time. Once they get a little farther along you'll see more of the original architectural detailing. besides its so great that they are leaving 60% of the original building and repurposing it. Just be patient. I think everyone will be pleased when the whole thing is done. 15 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.