TheNiche Posted November 10, 2006 Share Posted November 10, 2006 Yes, and it's exciting to hear that we're primed for highrise residential, even if it takes awhile to get going. Am I correct to assume that Midtown is approaching the same PSF level that would warrant highrises?Most of it is still in the midrise range. This is good for Midtown, though. The higher the density of units per acre that is required, the slower the rate at which units can be added. Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted November 10, 2006 Share Posted November 10, 2006 Then I'm sure you'll be posting a more-recent one for us?? Of course not! Do you own homework! Quote Link to comment Share on other sites More sharing options...
houstonfella Posted November 10, 2006 Share Posted November 10, 2006 (edited) This Nov. 3rd article on downtown's new tenants is quite optimistic. HBJ Edited November 10, 2006 by houstonfella Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted November 10, 2006 Share Posted November 10, 2006 (edited) Of course not! Do you own homework! Just as I thought, nothing to back up your statement. I have done my homework, and the 2003 study is the most recent one done. Edited November 10, 2006 by Houston19514 Quote Link to comment Share on other sites More sharing options...
scarface Posted November 10, 2006 Share Posted November 10, 2006 (edited) This Nov. 3rd article on downtown's new tenants is quite optimistic.HBJ already covered there htown fella . see thread http://www.houstonarchitecture.info/haif/i...?showtopic=8535 Edited November 10, 2006 by scarface Quote Link to comment Share on other sites More sharing options...
houstonfella Posted November 10, 2006 Share Posted November 10, 2006 already covered there htown fella . see threadhttp://www.houstonarchitecture.info/haif/i...?showtopic=8535 Thanks scarface. Glad I am not the only one who reads HBJ etc. But.... they seem far more optimistic than some of these HAIFers. Time will tell. tick .... tick .... tick ..... Quote Link to comment Share on other sites More sharing options...
77017 Posted November 10, 2006 Share Posted November 10, 2006 GROUNDBREAKING ANNOUNCED!!!Nov. 6th. Boo -Yah! http://www.bizjournals.com/houston/stories.../09/daily3.html W W I told y'all what's going to happen. I'm not being negative. I'm being real. The earlist groundbreaking you might see is probably November, if not, 1st quarter 07. Groundbreaking will begin around the same time as Shamrock Towers groundbreaking. Quote Link to comment Share on other sites More sharing options...
houstonfella Posted November 10, 2006 Share Posted November 10, 2006 W W Actually, the bank gave me the $140 mil. and I am off to a foreign country. Houston Pavilions will happen and begin construction 2007. STOP worrying. It makes you old......... Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted November 11, 2006 Share Posted November 11, 2006 It makes you old......... Yes, however I hope you don't think the opposite does... well... the opposite. I'd hate for you to think all "eternal optimistic" stuff makes you young. Well, it makes you look young, like 14 or so. Sorry Houstonfella, I love ya, but I had to say it. I appreciate that your optimistic, better to look up then down, right? Quote Link to comment Share on other sites More sharing options...
DJ V Lawrence Posted November 14, 2006 Share Posted November 14, 2006 From today's Chronicle:It will not include the residential units, as earlier planned. The retail and offices will remain the same... http://www.houstonchronicle.com/disp/story...nt/4332530.html Quote Link to comment Share on other sites More sharing options...
SunKing Posted November 14, 2006 Share Posted November 14, 2006 From today's Chronicle: http://www.houstonchronicle.com/disp/story...nt/4332530.htmlInteresting article - give a very optomistic picture of downtown development:Apartment occupancy in downtown is 89 percent, according to data gathered in the spring by Central Houston, a group that promotes downtown revitalization. That's up from 83 percent the year before.With the top-class office vacancy rate now at less than 10 percent, developers are moving forward with residential projects to capture some of the anticipated demand.Another developer is proposing to buy and renovate the long vacant Texaco Building with more than 400 residential units. Quote Link to comment Share on other sites More sharing options...
SoonerFanInHouston Posted November 14, 2006 Share Posted November 14, 2006 What building is the old Texaco building they speak of? Quote Link to comment Share on other sites More sharing options...
sevfiv Posted November 14, 2006 Share Posted November 14, 2006 What building is the old Texaco building they speak of?http://www.houstonarchitecture.info/Buildi...co_Building.php Quote Link to comment Share on other sites More sharing options...
DJ V Lawrence Posted November 14, 2006 Share Posted November 14, 2006 Interesting article - give a very optomistic picture of downtown development:Apartment occupancy in downtown is 89 percent, according to data gathered in the spring by Central Houston, a group that promotes downtown revitalization. That's up from 83 percent the year before.With the top-class office vacancy rate now at less than 10 percent, developers are moving forward with residential projects to capture some of the anticipated demand.Another developer is proposing to buy and renovate the long vacant Texaco Building with more than 400 residential units. 3 questions:1) Why exactly would Houston Pavilions not want to include the residential developments into the project if the market in downtown's in high-demand? I know it'd be expensive, but wouldn't it be worth the investment for the developers? 2) How much will the design change for Pavilions without the residential towers? 3) With the high demand for residential in downtown, and the announcement that residency will not be included in Pavilions, how much will that change the buildings around it? Could we expect that at least one of the buildings across from Pavilions could be converted into an exclusive residential high-rise? Quote Link to comment Share on other sites More sharing options...
C2H Posted November 14, 2006 Share Posted November 14, 2006 3 questions:1) Why exactly would Houston Pavilions not want to include the residential developments into the project if the market in downtown's in high-demand? I know it'd be expensive, but wouldn't it be worth the investment for the developers? 2) How much will the design change for Pavilions without the residential towers? 3) With the high demand for residential in downtown, and the announcement that residency will not be included in Pavilions, how much will that change the buildings around it? Could we expect that at least one of the buildings across from Pavilions could be converted into an exclusive residential high-rise?Hey everyone. Vance brings up a good point. If there's one article that says that the downtown market is doing well, why would the developers pull out of the residential component alltogether? Oh well, i guess i'm ok with it, as long as this keeps them from having any more set backs. And who's to say they can't add the residential units later? Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted November 14, 2006 Share Posted November 14, 2006 (edited) How many apartments are there Downtown? If the number is low (and I know it is) then a big percent change could just be a few families moving in or out. Is that the first news article to call the Downtown Park "Discovery Greens" ? (and not be an article about the park?) And why would the Old Texaco Building have +50 more residential units then Finger's Building? I guess the old building is bigger then I thought. there's a renewed interest in living downtown that hasn't been seen since the go-go days of Enron. "The go-go days of Enron." Edited November 14, 2006 by Montrose1100 Quote Link to comment Share on other sites More sharing options...
houstonfella Posted November 14, 2006 Share Posted November 14, 2006 The old Texaco building is a beautiful and ornate building. Weren't there rumors that a Ritz Carlton was going there at one time? I think I would prefer that to newer condos; although having both would be great. I think Texaco is pretty big. The Rice worked out quite well. I think Texaco could be a great lofts/condo place as well. I believe the parking garage across the street was Texaco's parking as well. Quote Link to comment Share on other sites More sharing options...
largeTEXAS Posted November 14, 2006 Share Posted November 14, 2006 3 questions:1) Why exactly would Houston Pavilions not want to include the residential developments into the project if the market in downtown's in high-demand? I know it'd be expensive, but wouldn't it be worth the investment for the developers? 2) How much will the design change for Pavilions without the residential towers? 3) With the high demand for residential in downtown, and the announcement that residency will not be included in Pavilions, how much will that change the buildings around it? Could we expect that at least one of the buildings across from Pavilions could be converted into an exclusive residential high-rise?1) High demand still does not mean you can get the $ per sq ft you need to make a profit. 2) This will only help the pedestrian flow along Dallas. Overall, the design stays pretty much the same. With residential Dallas would have had more ramps, this way it will have fewer. 3) Don't know Quote Link to comment Share on other sites More sharing options...
RedScare Posted November 14, 2006 Share Posted November 14, 2006 How many apartments are there Downtown? If the number is low (and I know it is) then a big percent change could just be a few families moving in or out.Is that the first news article to call the Downtown Park "Discovery Greens" ? (and not be an article about the park?) And why would the Old Texaco Building have +50 more residential units then Finger's Building? I guess the old building is bigger then I thought. "The go-go days of Enron." There are 3,137 residential units downtown, with occupancy at 89%. If Finger's place and Texaco materialize, it would jump to 4,000. Quote Link to comment Share on other sites More sharing options...
DJ V Lawrence Posted November 14, 2006 Share Posted November 14, 2006 1) High demand still does not mean you can get the $ per sq ft you need to make a profit. 2) This will only help the pedestrian flow along Dallas. Overall, the design stays pretty much the same. With residential Dallas would have had more ramps, this way it will have fewer. 3) Don't knowGotcha on #1 and #3Wuth #2: Are they just turning the former residency towers into office space, or are the towers be completely eliminated from the design? I thought it mentioned in the article that the office and retail-available space would remain the same. Something would have to give, right? Quote Link to comment Share on other sites More sharing options...
2112 Posted November 15, 2006 Share Posted November 15, 2006 Gotcha on #1 and #3Wuth #2: Are they just turning the former residency towers into office space, or are the towers be completely eliminated from the design? I thought it mentioned in the article that the office and retail-available space would remain the same. Something would have to give, right?I'm no real estate type. But hasnt the commercial space in downtown reflected an upward demand, very recently? Maybe the developers of Pavillion re-ran their projections given this upturn...and decided they are better off with office rather than residential....and they will still build the towers, but they will be offices.If I'm wrong about the upturn, let me know, but I thought that with the Enron building getting filled up, things were looking good on that front. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted November 15, 2006 Share Posted November 15, 2006 I'm no real estate type. But hasnt the commercial space in downtown reflected an upward demand, very recently? Maybe the developers of Pavillion re-ran their projections given this upturn...and decided they are better off with office rather than residential....and they will still build the towers, but they will be offices.If I'm wrong about the upturn, let me know, but I thought that with the Enron building getting filled up, things were looking good on that front.HoustonDevelopment may be privy to more details than I, but my intuition would be that the project wouldn't fly without *something* to replace the residential component. They would need revenue-generating space (of some sort) to cover land costs, and office might fit the bill. Either that, or they may wait out Finger's project and see how quickly it leases up, building onto Pavilions down the road. Quote Link to comment Share on other sites More sharing options...
nmainguy Posted November 15, 2006 Share Posted November 15, 2006 I'm no real estate type. But hasnt the commercial space in downtown reflected an upward demand, very recently? Maybe the developers of Pavillion re-ran their projections given this upturn...and decided they are better off with office rather than residential....and they will still build the towers, but they will be offices.If I'm wrong about the upturn, let me know, but I thought that with the Enron building getting filled up, things were looking good on that front. Office was always in the plans. It's only the residential they have deleted. Quote Link to comment Share on other sites More sharing options...
2112 Posted November 15, 2006 Share Posted November 15, 2006 Office was always in the plans. It's only the residential they have deleted. I was refering to office space in what used to be residential, on top of the allready planned office space. Quote Link to comment Share on other sites More sharing options...
Captain Impossible Posted November 15, 2006 Share Posted November 15, 2006 No residential? Are you kidding? Quote Link to comment Share on other sites More sharing options...
houstonfella Posted November 15, 2006 Share Posted November 15, 2006 Yes, however I hope you don't think the opposite does... well... the opposite. I'd hate for you to think all "eternal optimistic" stuff makes you young. Well, it makes you look young, like 14 or so. Sorry Houstonfella, I love ya, but I had to say it. I appreciate that your optimistic, better to look up then down, right? Yeah. Sometimes reality bites. But, I am on the optimistic side of most things. Then when they don't work out, I think "EZ come EZ go" I do believe HP will be built, but obviously changes are inevitable. Quote Link to comment Share on other sites More sharing options...
nmainguy Posted November 15, 2006 Share Posted November 15, 2006 No residential? Are you kidding?That's what Sarnoff reported. http://www.chron.com/disp/story.mpl/front/4332530.htmlWe'll know for sure when they actually break ground and the entire project scope is published Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted November 15, 2006 Share Posted November 15, 2006 (edited) There are 3,137 residential units downtown, with occupancy at 89%. If Finger's place and Texaco materialize, it would jump to 4,000.Yes, 3,137 residential units... Is that just Apartments, or Apartments, Condos, & Lofts? Edited November 15, 2006 by Montrose1100 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted November 15, 2006 Share Posted November 15, 2006 Yes, 3,137 residential units... Is that just Apartments, or Apartments, Condos, & Lofts?Apartments, condos, and lofts.I'm still hoping they'll replace one of the deleted apartment towers with a boutique hotel. I think the timing is right to start construction on some new hotels in downtown Houston.Would also like to see the Texaco Building go back to plan A, which was a Ritz-Carlton Hotel with condos. 1 Quote Link to comment Share on other sites More sharing options...
sevfiv Posted November 15, 2006 Share Posted November 15, 2006 Apartments, condos, and lofts.I'm still hoping they'll replace one of the deleted apartment towers with a boutique hotel. I think the timing is right to start construction on some new hotels in downtown Houston.Would also like to see the Texaco Building go back to plan A, which was a Ritz-Carlton Hotel with condos.it'd be nice to see a "regular" hotel too (although looking at holiday inn/days inn's track record downtown, i'm not hopeful at all). Quote Link to comment Share on other sites More sharing options...
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