Subdude Posted November 16, 2016 Share Posted November 16, 2016 I often wonder the same thing. There always seems to be demand for million dollar plus housing. I suppose the really wealthy are clustered in large cities. 1 Quote Link to comment Share on other sites More sharing options...
JoninATX Posted November 28, 2016 Share Posted November 28, 2016 I smell a groundbreaking soon. Quote Link to comment Share on other sites More sharing options...
BeerNut Posted November 28, 2016 Share Posted November 28, 2016 On 11/16/2016 at 11:55 AM, jmitch94 said: God how are there this many wealthy people in Houston? I'm glad they are here though. I'm sure some of these are owned by wealthy people from South and Central America. My gf managed an apartment complex for a wealthy family from Mexico and they would stay at their condo when doing business and shopping in Houston. 2 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted December 10, 2016 Author Share Posted December 10, 2016 Construction financing secured, received this via email. Our success continues and it is with great excitement that we announcce the construction financing for The Sophie at Bayou Bend, has been secured with IBC Bank, headquartered in Laredo, Texas! 5 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted February 10, 2017 Author Share Posted February 10, 2017 http://www.bizjournals.com/houston/news/2017/02/10/after-brisk-presales-luxury-condo-poised-to-break.html A luxury condominium project is poised to break ground near Memorial Park this spring after preselling half of its units in less than six months. Stolz Partners LLC plans to break ground on The Sophie at Bayou Bend by early May. The seven-story, 42-unit condo is set to rise on a nearly two-acre site at 6017 Memorial Drive, just west of Westcott Street and the Bayou Bend Collections and Gardens. 3 Quote Link to comment Share on other sites More sharing options...
Timoric Posted February 10, 2017 Share Posted February 10, 2017 (edited) - Edited July 11, 2019 by Timoric 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted May 13, 2017 Author Popular Post Share Posted May 13, 2017 10 Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted May 13, 2017 Share Posted May 13, 2017 On 2/10/2017 at 0:55 PM, Timoric said: These type of developments look great. pretty striking though from an article I read today that something like 70 percent of Houston area rents are below $1K and a higher percentage have mortgages less than $1200, and about 3 percent can spend more than $2,000 per month. It seems like a tiny number of buyers can buy anything listed on HAIF these days. While I have no doubt that you read this, I am struggling with the math. Here is why..... a $2,500 mortgage payment is about a $400,000 loan (rough math). What income is needed for a $2500 loan payment? Approximately $105k per year ( again, very rough math). Google says that the "top 25% of income earners in Houston make at least $97k and the top 10% make at least $150k. would it not follow then that least 20% or so of all income earners in Houston be able to afford a $2000 mortgage? The only way the math you quote could be correct ("only 3% can afford a $2000 mortgage") is if folks in this income category have a LOT of consumer debt. Or am I missing something? also, while I don't have the stats, if only 3% of people in this town can afford a $2000 mortgage, it would also follow that only 3% of the homes would sell above a certain price point. My gut tells me a lot more than 3% of the homes sold in this city sell for more than $400k. But, again, I could be wildly wrong as I have no stats (couldn't find any online) 3 Quote Link to comment Share on other sites More sharing options...
hindesky Posted May 15, 2017 Share Posted May 15, 2017 55% Sold 7 Quote Link to comment Share on other sites More sharing options...
hindesky Posted September 1, 2017 Share Posted September 1, 2017 They better build this on about 20' of stilts but apparently construction has started. 7 Quote Link to comment Share on other sites More sharing options...
htownbro Posted September 7, 2017 Share Posted September 7, 2017 On 8/31/2017 at 9:21 PM, hindesky said: They better build this on about 20' of stilts but apparently construction has started. Did it flood here? 1 Quote Link to comment Share on other sites More sharing options...
Gary Posted September 7, 2017 Share Posted September 7, 2017 It did not. 5 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted October 12, 2017 Author Share Posted October 12, 2017 Webcam: http://webcampub.multivista.com/index.cfm?fuseaction=aPublicWebcam.embed&WebcamPublicEmbedUID=12602AEA-F2EF-423E-941F-44128E4BB74A&HLS=1 4 Quote Link to comment Share on other sites More sharing options...
hindesky Posted November 24, 2017 Share Posted November 24, 2017 All equipment is gone, I wonder what's up with this project? 5 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted December 9, 2017 Author Share Posted December 9, 2017 The site is still inactive. I hope this doesn't spell bad news for Giorgetti. http://webcampub.multivista.com/index.cfm?fuseaction=aPublicWebcam.embed&WebcamPublicEmbedUID=12602AEA-F2EF-423E-941F-44128E4BB74A&HLS=1 1 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted February 21, 2018 Author Share Posted February 21, 2018 Site still dormant as of Feb 2018.. 1 Quote Link to comment Share on other sites More sharing options...
hindesky Posted April 1, 2018 Share Posted April 1, 2018 The fancy fence is gone and it looks dead but the sign says 60% sold. 6 Quote Link to comment Share on other sites More sharing options...
MarathonMan Posted May 1, 2018 Share Posted May 1, 2018 Drove by this site over the weekend. Didn’t get a picture, but construction is under way. They’re moving a lot of dirt! 5 Quote Link to comment Share on other sites More sharing options...
wilcal Posted May 1, 2018 Share Posted May 1, 2018 10 hours ago, MarathonMan said: Drove by this site over the weekend. Didn’t get a picture, but construction is under way. They’re moving a lot of dirt! Taken from the webcam above just now: 8 Quote Link to comment Share on other sites More sharing options...
hindesky Posted May 7, 2018 Share Posted May 7, 2018 Glad to see this going up. 7 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted May 16, 2018 Popular Post Share Posted May 16, 2018 10 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted June 9, 2018 Share Posted June 9, 2018 The contractors were in the road picking up something. Looked like a broken piece of plastic 1 Quote Link to comment Share on other sites More sharing options...
hindesky Posted June 10, 2018 Share Posted June 10, 2018 Spotted a tower crane base 1 Quote Link to comment Share on other sites More sharing options...
CREguy13 Posted June 17, 2018 Share Posted June 17, 2018 Crane went up today. 1 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted June 18, 2018 Share Posted June 18, 2018 Thanks guys. Here's a photo of the crane. Looks so massive a long the side of Memorial! 1 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted June 30, 2018 Share Posted June 30, 2018 From this week 1 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted July 27, 2018 Share Posted July 27, 2018 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted August 3, 2018 Share Posted August 3, 2018 From today Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted August 17, 2018 Share Posted August 17, 2018 Went to the site today. Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted September 7, 2018 Share Posted September 7, 2018 Progress Quote Link to comment Share on other sites More sharing options...
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