cloud713 Posted December 3, 2015 Share Posted December 3, 2015 Agreed, all is not well, and I sense 2016 will be BRUTAL for America. bruh, you're being trolled so hard its ridiculous. we all wish the best for Houston, but you've got to be realistic with everything thats been going on lately in the real estate/development sector. are you not familiar with what CREguy is saying? he's pretty spot on with whats taking place in the local industry. and btw the country doesn't facing the same problems Houston is facing.. I'm not sure why you tried to turn it around into "brutal for America" because plenty of places in the country are thriving. unfortunately, we are no longer one of them. 1 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted December 3, 2015 Share Posted December 3, 2015 Get out of here troll. cloud? you must be high 2 Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted December 3, 2015 Share Posted December 3, 2015 What are the occupancy rates of the Hanover Post Oak and Hanover West U? The article gave distressingly little information on the subject. Quote Link to comment Share on other sites More sharing options...
Subdude Posted December 3, 2015 Share Posted December 3, 2015 Lol, BS...direct from a troll. Things have slowed in Houston, but it's still growing and doing better than most, it's not all gloom and doom as you've bought. That's not reality, that's 'stinking thinking,' like someone miserable with their head in the clouds. Some are hurting, but some are hurting everywhere throughout America. I said America because the US economy hasn't thrived in years (it's barely holding/maintaining) and is very shaky near collapse (see: 2016). Up until recently, Houston was very hot, but the oil matter has caused it to cool to more in sync with the slower US economy, not die as you so pessimistically surmise. BRUTAL for America in 2016 sounds about right...that's when all the bubbles will probably burst, and America will slide, Houston of course, included. Keep it on topic please, and take the off topic stuff to the off topic section. 1 Quote Link to comment Share on other sites More sharing options...
H-TownChris2 Posted December 3, 2015 Share Posted December 3, 2015 Wait, I thought this building was 39 or 40 stories high? Why does the title say 30? Quote Link to comment Share on other sites More sharing options...
H-TownChris2 Posted December 3, 2015 Share Posted December 3, 2015 I think was originally 39 or 40, but was later downsized.Hmmm, that's weird, I looked through the forum and couldn't find where it said that. Quote Link to comment Share on other sites More sharing options...
Twinsanity02 Posted December 3, 2015 Share Posted December 3, 2015 Wait, I thought this building was 39 or 40 stories high? Why does the title say 30? There is some reference when Hanover River Oaks is googled to it being a  39 story building. Maybe it is a typo? Quote Link to comment Share on other sites More sharing options...
cloud713 Posted December 3, 2015 Share Posted December 3, 2015 Hmmm, that's weird, I looked through the forum and couldn't find where it said that. i dont think it was ever downsized. the first news articles quoted it as being a 30 story tower, and thats what this most recent article linked/referred back to.. but according to documents posted later in this thread it will be 39 stories. but who knows, maybe they changed the design and it is down to 30? Quote Link to comment Share on other sites More sharing options...
Avossos Posted December 3, 2015 Share Posted December 3, 2015 Originally, it was going to be 30 stories on top of a 9 story garage. 1 Quote Link to comment Share on other sites More sharing options...
Subdude Posted December 3, 2015 Share Posted December 3, 2015 One more time on off-topic posts.  Any more and the topic closes. 3 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted December 3, 2015 Share Posted December 3, 2015 does anyone have a copy of the Planning Commission document showing the elevations, etc of the 39 story tower? Lockmats link isn't working. I wonder if the commission has received any more info/an update? Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted December 3, 2015 Share Posted December 3, 2015 More new construction is delivering that is very little pre-leased or even 0% pre-leased and more subleases flood the market every week. It will ramp back up eventually, but right now some folks are really hurting. Is there really that much office construction being delivered with 0% pre-leased, or even very little pre-leased? Serious question. Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted January 18, 2016 Share Posted January 18, 2016 http://www.bizjournals.com/houston/print-edition/2016/01/15/to-build-or-not-to-build-multifamily-developers.html The article is behind a paywall, but an illustration on the map from the link indicates Hanover is closing on the land for this development next month.  I suppose they could always hold it for a little while while fears about the Houston market shake out as new inventory is delivered in multifamily this year. 3 Quote Link to comment Share on other sites More sharing options...
sdotwill84 Posted January 19, 2016 Share Posted January 19, 2016 Wouldn't starting construction in a "relatively cheaper" environment be advantageous to builders? Why build when everybody is building? This way you are first to market when the local economy has rebounded a few years, no? Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted January 19, 2016 Share Posted January 19, 2016 Wouldn't starting construction in a "relatively cheaper" environment be advantageous to builders? Why build when everybody is building? This way you are first to market when the local economy has rebounded a few years, no?In theory, that would be sensible. However, the pall of the 1980's hangs over a lot of development decisions. Hanover's Montrose tower is topping out and should have units online soon. If Hanover can demonstrate relatively robust demand for that project, some of the concerns of lenders regarding overbuilding might be assuaged and construction financing might get freed up for this one. 1 Quote Link to comment Share on other sites More sharing options...
Subdude Posted January 19, 2016 Share Posted January 19, 2016 Economic slowdown or not, to me this seems like it ought to be a no-brainer.  Based on the theory that the rich will always be with us, that has to be one of the most recession-proof development locations in the city.  4 Quote Link to comment Share on other sites More sharing options...
nativehoustonion Posted January 19, 2016 Share Posted January 19, 2016 That is why Kirby Thor Equities will be starting to rise. The New York firm were they received financing know how many people live within 15 miles. Which is a lot of money per capita.      1 Quote Link to comment Share on other sites More sharing options...
TexasGeneral Posted January 20, 2016 Share Posted January 20, 2016 That is why Kirby Thor Equities will be starting to rise. The New York firm were they received financing know how many people live within 15 miles. Which is a lot of money per capita.       The capital markets are closed for Houston multi-family development.  There is zero appetite in today's environment.  Banks are terrified of all things energy right now, including Houston.  It took forever for Thor to get construction financing, and they got it from Bank of the Ozarks which has a reputation for extremely lax lending practices. 2 Quote Link to comment Share on other sites More sharing options...
CREguy13 Posted January 20, 2016 Share Posted January 20, 2016 Wouldn't starting construction in a "relatively cheaper" environment be advantageous to builders? Why build when everybody is building? This way you are first to market when the local economy has rebounded a few years, no?Construction costs really have not fallen as much as one might think, and the equity has pretty much all dried up for Houston MF at this point. Â I would be very surprised if Hanover was able to secure an equity provider, this definitely seems like a hold to me. Â Anything energy-related is a no no right now. Â We had a meeting at our office the other week and we talked about a developer who was recently trying to get financing for a larger-scale project. Â He did a control 'F' and deleted the word "Energy" throughout his entire proposal. 2 Quote Link to comment Share on other sites More sharing options...
cspwal Posted January 20, 2016 Share Posted January 20, 2016 Construction costs really have not fallen as much as one might think, and the equity has pretty much all dried up for Houston MF at this point.  I would be very surprised if Hanover was able to secure an equity provider, this definitely seems like a hold to me.  Anything energy-related is a no no right now.  We had a meeting at our office the other week and we talked about a developer who was recently trying to get financing for a larger-scale project.  He did a control 'F' and deleted the word "Energy" throughout his entire proposal. Did he talk about how -efficient the building was, with low  costs? Quote Link to comment Share on other sites More sharing options...
Avossos Posted February 8, 2016 Share Posted February 8, 2016 So... I have heard some news about financing. Anyone else hear the same thing? CBREguy713 / Urbanizer? It is still 39 stories, correct? Quote Link to comment Share on other sites More sharing options...
LarryDierker Posted February 8, 2016 Share Posted February 8, 2016 So... I have heard some news about financing. Anyone else hear the same thing? CBREguy713 / Urbanizer? It is still 39 stories, correct? good news? Quote Link to comment Share on other sites More sharing options...
Popular Post Dakota79 Posted February 19, 2016 Popular Post Share Posted February 19, 2016 (edited) My source (very accurate) says the funding is absolutely in and this is on. Groundbreaking this year. Edited February 19, 2016 by Dakota79 15 Quote Link to comment Share on other sites More sharing options...
wxman Posted February 19, 2016 Share Posted February 19, 2016 Looks like somebody changed title of this thread to 30 stories instead of 39. Has this tower been reduced in the number of floors originally proposed? 1 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted February 19, 2016 Share Posted February 19, 2016 I don't think so. The titles been at 30 for a while, maybe even since the beginning? When it was first announced HBJ or someone estimated it as a "30 story building", but it's clearly taller. Quote Link to comment Share on other sites More sharing options...
H-TownChris2 Posted February 19, 2016 Share Posted February 19, 2016 I usually saw 39 floors, but recently changed to 30 in the last few months. Quote Link to comment Share on other sites More sharing options...
Avossos Posted February 19, 2016 Share Posted February 19, 2016 My source (very accurate) says the funding is absolutely in and this is on. Groundbreaking this year.My source too!I usually saw 39 floors, but recently changed to 30 in the last few months.30 stories on a 9 story garage y'all. Change back to 39 7 Quote Link to comment Share on other sites More sharing options...
nativehoustonion Posted February 19, 2016 Share Posted February 19, 2016 I saw a tractor getting ready to tear down the buildings on West Alabama and Kirby. 6 Quote Link to comment Share on other sites More sharing options...
Timoric Posted February 19, 2016 Share Posted February 19, 2016 (edited) - Â Â Â Â Â Edited July 10, 2019 by Timoric Delete pic to save space 1 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted February 19, 2016 Share Posted February 19, 2016 My source too!30 stories on a 9 story garage y'all. Change back to 39Â Done. Good to hear there hasn't been a cut in the total number of floors. The HBJ was throwing around 30 stories. 2 Quote Link to comment Share on other sites More sharing options...
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