arrodiii Posted September 6, 2013 Share Posted September 6, 2013 Will downtown still be cheap to live in, in 2017? That's the big question, b/c if only those who can afford $1,700/month rent can live there, then I think it's a bust. If more condo's enter the market, then all bets are off. Downtown is still as sleepy as when I moved here in 2010. If DT rents are still at $1700/month by 2017, I will be really happy (as a renter) Quote Link to comment Share on other sites More sharing options...
TowerSpotter Posted September 6, 2013 Share Posted September 6, 2013 (edited) Looks like the Pennzoil Place to me. Possibly a renovation? Edited September 6, 2013 by TowerSpotter Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted September 6, 2013 Share Posted September 6, 2013 Looks like the Pennzoil Place to me. Possibly a renovation? Yeah, it's clearly Pennzoil Place. Transwestern manages Pennzoil Place . . . hmmmm Quote Link to comment Share on other sites More sharing options...
infinite_jim Posted September 6, 2013 Share Posted September 6, 2013 (edited) If DT rents are still at $1700/month by 2017, I will be really happy (as a renter)That would be the rent floor for an efficiency at only the Houston House, average rent would be in the $2500-3500 range. I'm saying having the low end of the market ($1000-2000) will help churn young professionals through the nab and establish the idea of downtown as a neighborhood. If only older professionals can afford downtown then they will not flock when they can get more space at a discount nearby or will lease the apartments as second homes (i.e. not actually live there like half of One Park Place). edit: Downtown's new problem will be a limited amount of the type/designs of available space. Maybe the city will allow developers to build micro-apts in the 300-600 sq.ft. range.. Edited September 6, 2013 by infinite_jim Quote Link to comment Share on other sites More sharing options...
livincinco Posted September 6, 2013 Share Posted September 6, 2013 (edited) I actually think that the continued growth of downtown is going to be a short term setback for development in Midtown. I think you have it backwards. Montrose, Midtown, and Heights are still adding people and retail, it is downtown that is catching up.I actually think that the growth of residential downtown is going to hurt Midtown short term. Edited September 6, 2013 by livincinco Quote Link to comment Share on other sites More sharing options...
TexasGeneral Posted September 6, 2013 Share Posted September 6, 2013 My guess is redevelopment - replacement of the black '70's style glass with a more modern look. Quote Link to comment Share on other sites More sharing options...
Guest Jackwood Posted September 6, 2013 Share Posted September 6, 2013 Maybe they are going to flatten out the roof just to piss off HAIF. 1 Quote Link to comment Share on other sites More sharing options...
totheskies Posted September 6, 2013 Share Posted September 6, 2013 That would be the rent floor for an efficiency at only the Houston House, average rent would be in the $2500-3500 range. I'm saying having the low end of the market ($1000-2000) will help churn young professionals through the nab and establish the idea of downtown as a neighborhood. If only older professionals can afford downtown then they will not flock when they can get more space at a discount nearby or will lease the apartments as second homes (i.e. not actually live there like half of One Park Place).edit:Downtown's new problem will be a limited amount of the type/designs of available space. Maybe the city will allow developers to build micro-apts in the 300-600 sq.ft. range.. Try $1130 as the rent floor... CHEAPER than several new complexes in Montrose/ Midtown Houston Househttp://aim.force.com/locatormls/apex/houstonhouse?id=a19F0000001HgZ2 Check some other places downtown. It's not as much as you might think... Quote Link to comment Share on other sites More sharing options...
swtsig Posted September 6, 2013 Share Posted September 6, 2013 pennzoil may be my favorite building(s) in houston but it definitely needs a makeover to remain competitive in the market. 1 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted September 6, 2013 Share Posted September 6, 2013 (edited) What is this city's obsession with replacing facades? I hope they don't change it. A little bit up an updated interior and lobby would help though. Edited September 6, 2013 by Montrose1100 Quote Link to comment Share on other sites More sharing options...
Texasota Posted September 6, 2013 Share Posted September 6, 2013 Replacing that facade will result in at least *some* public outcry. That's a classic modern tower, and one of Johnson's better buildings. 1 Quote Link to comment Share on other sites More sharing options...
Naviguessor Posted September 6, 2013 Share Posted September 6, 2013 Now I'm nervous. Quote Link to comment Share on other sites More sharing options...
lockmat Posted September 6, 2013 Share Posted September 6, 2013 Most likely they will tear it down for something newer :-p 2 Quote Link to comment Share on other sites More sharing options...
Slick Vik Posted September 6, 2013 Share Posted September 6, 2013 I actually think that the growth of residential downtown is going to hurt Midtown short term.How's that? The midtown crowd is into partying a lot more than downtown. Seems like two separate groups to me. Quote Link to comment Share on other sites More sharing options...
towerjunkie Posted September 6, 2013 Share Posted September 6, 2013 I really hope they don't replace that. Pennzoil Place's facade actually works (unlike others cough cough, houston center) seriously that's what the tower was about. OIL Quote Link to comment Share on other sites More sharing options...
lockmat Posted September 6, 2013 Share Posted September 6, 2013 Sister building nearby? 1 Quote Link to comment Share on other sites More sharing options...
livincinco Posted September 6, 2013 Share Posted September 6, 2013 How's that? The midtown crowd is into partying a lot more than downtown. Seems like two separate groups to me.Just my opinion, but I think that residential development in South Downtown will steal from development in Midtown in the short term. But then again, I've never been that bullish on Midtown. The party scene tends to move in Houston. Quote Link to comment Share on other sites More sharing options...
Slick Vik Posted September 7, 2013 Share Posted September 7, 2013 Just my opinion, but I think that residential development in South Downtown will steal from development in Midtown in the short term. But then again, I've never been that bullish on Midtown. The party scene tends to move in Houston.It seemed like party scene was headed to Washington but has come back to midtown, because there are so many places within walkable distance. Quote Link to comment Share on other sites More sharing options...
fatesdisastr Posted September 7, 2013 Share Posted September 7, 2013 As much as I would hate for it to happen it looks like to me they would change the facade. The dark glass is what makes this downtown building iconic in my eyes. Looking at the teaser, everything is blacked out except the Pennzoil Place itself. Which to me signals a change in the facade color. Quote Link to comment Share on other sites More sharing options...
lockmat Posted September 7, 2013 Share Posted September 7, 2013 As much as I would hate for it to happen it looks like to me they would change the facade. The dark glass is what makes this downtown building iconic in my eyes.Looking at the teaser, everything is blacked out except the Pennzoil Place itself. Which to me signals a change in the facade color.I was thinking that too actually, but honestly I think if they do anything they'll renovate the inside and if they replace the outside it will be with the exact same look just upgraded material. They would have to bee insane to change the look in any way to this building. I think we're all over reacting. Quote Link to comment Share on other sites More sharing options...
shasta Posted September 7, 2013 Share Posted September 7, 2013 2 Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted September 7, 2013 Share Posted September 7, 2013 Nice. Quote Link to comment Share on other sites More sharing options...
fatesdisastr Posted September 7, 2013 Share Posted September 7, 2013 I was thinking that too actually, but honestly I think if they do anything they'll renovate the inside and if they replace the outside it will be with the exact same look just upgraded material. They would have to bee insane to change the look in any way to this building. I think we're all over reacting. I certainly do hope we are overreacting. I'd protest if they changed the exterior facade look. Quote Link to comment Share on other sites More sharing options...
Ross Posted September 7, 2013 Share Posted September 7, 2013 I certainly do hope we are overreacting. I'd protest if they changed the exterior facade look. Why? Do you own the building? If not, then it's really none of your business. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted September 7, 2013 Share Posted September 7, 2013 There is zero reason to think they are planning any changes to the exterior facade of Pennzoil Place. Zero. Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted September 7, 2013 Share Posted September 7, 2013 Why? Do you own the building? If not, then it's really none of your business.Just like it was none of our business trying to not bomb the cultural landmarks of Europe during WWII. We don't own any of them, what where we thinking?!? And the River Oaks theater... None of us owned it, so why save it?Lets propose to the owners of The Enpire State Building to do the facade in a light blue glass! 2 Quote Link to comment Share on other sites More sharing options...
fatesdisastr Posted September 7, 2013 Share Posted September 7, 2013 Why? Do you own the building? If not, then it's really none of your business. Relax friend, even though our constitutional rights have been eroding away over the years I do still have my right to free speech just like you do. Quote Link to comment Share on other sites More sharing options...
Ross Posted September 8, 2013 Share Posted September 8, 2013 Just like it was none of our business trying to not bomb the cultural landmarks of Europe during WWII. We don't own any of them, what where we thinking?!? And the River Oaks theater... None of us owned it, so why save it?Lets propose to the owners of The Enpire State Building to do the facade in a light blue glass! Why would you care if the RO theater gets torn down? It's not a significant building, any more so than any of the other early strip malls on Gray are. Quote Link to comment Share on other sites More sharing options...
Ross Posted September 8, 2013 Share Posted September 8, 2013 Relax friend, even though our constitutional rights have been eroding away over the years I do still have my right to free speech just like you do. But why waste the effort complaining about what someone does to their property? I like looking at great buildings too, but I am not personally invested in whether they exist or not. Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted September 8, 2013 Share Posted September 8, 2013 But why waste the effort complaining about what someone does to their property? I like looking at great buildings too, but I am not personally invested in whether they exist or not. I seriously don't understand this mindset. So, you wouldn't care if your neighbor tears down their house and opens a tire dump/meth lab? You wouldn't care if the Pennzoil Towers were altered? You don't care if the last remaining vintage theater shuts down? All because you don't own them? Quote Link to comment Share on other sites More sharing options...
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