rockthistower Posted November 16, 2004 Share Posted November 16, 2004 Appropriate or not, it has been done.All available units have been increased, based on asking prices back in April.It will be interesting to see how long it takes to get the remaining units sold. Quote Link to comment Share on other sites More sharing options...
firstngoal Posted November 17, 2004 Share Posted November 17, 2004 I must admit there are many people in this town that have much more faith than me in this project. Call me a skeptic, but somebody needs to give me a compelling argument in order to believe that this development team could get a project like this done... give me just one example of a project of this caliber that they've been able to get built. Please. Quote Link to comment Share on other sites More sharing options...
111486 Posted November 17, 2004 Share Posted November 17, 2004 I must admit there are many people in this town that have much more faith than me in this project. Call me a skeptic, but somebody needs to give me a compelling argument in order to believe that this development team could get a project like this done... give me just one example of a project of this caliber that they've been able to get built. Please.<{POST_SNAPBACK}>Dominion at Post Oak. I honestly thought that was not going to get built. Also the Memorial Hermann Plaza in TMC. Construction has already started. I thought that was going to end up like the AIM Headquarters on the Southwest Freeway. Quote Link to comment Share on other sites More sharing options...
UrbaNerd Posted November 17, 2004 Share Posted November 17, 2004 If Orion goes through.... Quote Link to comment Share on other sites More sharing options...
111486 Posted November 17, 2004 Share Posted November 17, 2004 What is with all the doubt people? There are too many people that have already bought units in these projects going up. Why would they just quit the development? Quote Link to comment Share on other sites More sharing options...
firstngoal Posted November 18, 2004 Share Posted November 18, 2004 Yes, I know those projects - the Memorial Hermann project intimately. Sorry, let me clarify... what I meant to say was what has the development team of the Shamrock ever done of this same caliber? The examples you gave - and that I can list in Houston - have all been developed by seasoned veterans. The most recent high-rise developments in this city have been done by companies with stellar reputations - and were financed by companies which demand strong credentials - and impeccable resources. When I talk to real estate experts in Houston about the Shamrock - and the developer - all I ever get is a chuckle and a lot of negativity. I hate to play Scrooge, but I think the best thing that could happen would be for them to flip the land, make a little money on that, and watch a condo development team (who has done it before, either here or elsewhere) put up a project that we can all be proud of. It is a great site... no doubt. I just seriously doubt that this project can get done with the current cast of characters. Quote Link to comment Share on other sites More sharing options...
The New Juniper Posted November 18, 2004 Share Posted November 18, 2004 What is with all the doubt people? There are too many people that have already bought units in these projects going up. Why would they just quit the development? They would quit b/c they have sold them for less than it costs to build. They would quit b/c they can't get financing. They would quit b/c they have sold all premium views for less than it costs to build and their only hope of breaking even, much less making any money, is to either go back to the buyers and bump costs WAY up, or to charge an arm and a leg for the crappy units.Of course, this is just my opinion.TNJ Quote Link to comment Share on other sites More sharing options...
Subdude Posted November 18, 2004 Share Posted November 18, 2004 Making it all even harder is that since the project was announced steel and concrete prices have shot up, and interest rates continue to rise. The inflationary environment we're entering into can make it tough for developments like this. Quote Link to comment Share on other sites More sharing options...
bachanon Posted November 18, 2004 Share Posted November 18, 2004 have you seen the units selling on HAR? many units are over 500K. perhaps the profit margin will be reached from sale of the higher end units. Quote Link to comment Share on other sites More sharing options...
rps324 Posted November 27, 2004 Share Posted November 27, 2004 I must admit there are many people in this town that have much more faith than me in this project. Call me a skeptic, but somebody needs to give me a compelling argument in order to believe that this development team could get a project like this done... give me just one example of a project of this caliber that they've been able to get built. Please.<{POST_SNAPBACK}>I spent many years in multi-family. I am familiar with the "development team" as well from their years in that field. I second the motion..... Quote Link to comment Share on other sites More sharing options...
kjb434 Posted December 7, 2004 Share Posted December 7, 2004 CONSTRUCTION FENCING IS UP!!!ONCE THE CODE ENFORCEMENT DIVISION SAYS GO THEY WILL START CONSTRUCTION. Quote Link to comment Share on other sites More sharing options...
houston-development Posted December 7, 2004 Share Posted December 7, 2004 i was told by a reliable source that they are currently "cleaning" the site.take it fwiw...... i am not defining what "cleaning" is; only passing along a quote. Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted December 8, 2004 Share Posted December 8, 2004 i was told by a reliable source that they are currently "cleaning" the site.take it fwiw...... i am not defining what "cleaning" is; only passing along a quote.<{POST_SNAPBACK}>This is actually pretty important. Any litter lying on the pavement could get in the way of the bulldozers. Quote Link to comment Share on other sites More sharing options...
ricco67 Posted December 8, 2004 Share Posted December 8, 2004 Heaven forbid that heavy machinery gets damaged by a stray beer bottle!! Ricco Quote Link to comment Share on other sites More sharing options...
jt16 Posted December 8, 2004 Share Posted December 8, 2004 cleaning the site? That's a new one. Why don't they start clearing the site? Quote Link to comment Share on other sites More sharing options...
2112 Posted December 8, 2004 Share Posted December 8, 2004 You guys beat me to it!! hahahahah. But anyways, my sentiments exactly: cleaning? CLEANING? This sound more like someone telling you something you want to hear.But hey, I actually have faith in this project. This is Houston. We do the impossible. Quote Link to comment Share on other sites More sharing options...
dbigtex56 Posted December 8, 2004 Author Share Posted December 8, 2004 Cleaning the site, you say?"'If seven maids with seven mopsSwept it for half a year,Do you suppose,' the Walrus said,'That they could get it clear?"'I doubt it,' said the Carpenter,And shed a bitter tear.Lewis Carroll, "Through The Looking Glass" Quote Link to comment Share on other sites More sharing options...
houston-development Posted December 9, 2004 Share Posted December 9, 2004 hey, don't shoot the messenger cleaning a site would normally mean something in the phase II came back dirty. btw - this is a good thing. making progress and moving forward. Quote Link to comment Share on other sites More sharing options...
kjb434 Posted December 9, 2004 Share Posted December 9, 2004 According to the Shamrock Website, almost all the units have been sold.What's interesting is the that the unsold ones aren't in any pattern. It's not like the upper floors aren't selling because of price. And it's not like the lower floors aren't selling because of lack of view. It just a few scattered through the proposed complex.Also according recent studies of the downtown and midtown areas, the demand for residential population in the are is much higher than available housing.Approximately 80,000 people in the survey would like to move to the downtown midtown area. And of those 80,000, approximately 30,000 could afford housing in the area.They translated this into at maximum many more high rise facilities. I don't remember the number. If this pans out, the skyline of downtown would blend into midtown. I can't wait to see if it pans out Quote Link to comment Share on other sites More sharing options...
Sunstar Posted December 10, 2004 Share Posted December 10, 2004 Maybe those last units would sell if they actually started building the darn thing. Quote Link to comment Share on other sites More sharing options...
77017 Posted December 10, 2004 Share Posted December 10, 2004 THERE'S A BULLDOZER ON THE SITE! Oh wait.........no..........nevermind...............its just the valet attendents banana yellow 71' plymouth at the park and pay................sorry guys, false alarm.................*sigh* Quote Link to comment Share on other sites More sharing options...
Houston Retail Posted December 11, 2004 Share Posted December 11, 2004 although i am a skeptic of this project, i heard from a relaible source today that they are in the process of converting deposits into contracts. Anyone here sign up for one and can confirm? Quote Link to comment Share on other sites More sharing options...
rockthistower Posted December 15, 2004 Share Posted December 15, 2004 I have not recieved my contract, still waiting to convert.I will post when it actually happens. Quote Link to comment Share on other sites More sharing options...
77017 Posted December 23, 2004 Share Posted December 23, 2004 I don't have my hopes up but I believe hell (houston) may have frozen over. And not only because of the weather! Jus drove by shamrock and they've removed the black covering from tha construction fence and....there's a big piece of machinery at ground zero surrounded by hard hatted individuals. They could be jus f****n with the sewers or somethin but either way what would that have to do with tha park and pay? I think there's a big chance this has 2 do with tha shamrocks groundbreaking. Could it be? A miracle? Well this is the SEASON 4 miracles! I really thought the project was gonna be scrapped and was about 2 write a "hey its late December and no groundbreaking as promised" post but I may have 2 put that on hold. Anyone else know what kind of machinery that is out there if you've seen it? Quote Link to comment Share on other sites More sharing options...
midtown_resident Posted December 24, 2004 Share Posted December 24, 2004 I don't have my hopes up but I believe hell (houston) may have frozen over. And not only because of the weather! Jus drove by shamrock and they've removed the black covering from tha construction fence and....there's a big piece of machinery at ground zero surrounded by hard hatted individuals. They could be jus f****n with the sewers or somethin but either way what would that have to do with tha park and pay? I think there's a big chance this has 2 do with tha shamrocks groundbreaking. Could it be? A miracle? Well this is the SEASON 4 miracles! I really thought the project was gonna be scrapped and was about 2 write a "hey its late December and no groundbreaking as promised" post but I may have 2 put that on hold. Anyone else know what kind of machinery that is out there if you've seen it?<{POST_SNAPBACK}>interesting...i'm gonna drive by there tmrw... Quote Link to comment Share on other sites More sharing options...
Houston Nut Posted December 24, 2004 Share Posted December 24, 2004 Well, I had one of those non binding "reservations" on a unit in the Shamrock Tower and they called me to say the condo documents are ready for review. I guess the project is moving foward, although I don't think I'm going to go ahead with the purchase. It just looks too risky right now. Quote Link to comment Share on other sites More sharing options...
N Judah Posted December 24, 2004 Share Posted December 24, 2004 When I talk to real estate experts in Houston about the Shamrock - and the developer - all I ever get is a chuckle and a lot of negativity.Yeah, that probably doesn't mean a whole lot. Welcome to H-town. Quote Link to comment Share on other sites More sharing options...
Subdude Posted December 25, 2004 Share Posted December 25, 2004 I don't have my hopes up but I believe hell (houston) may have frozen over. And not only because of the weather! Jus drove by shamrock and they've removed the black covering from tha construction fence and....there's a big piece of machinery at ground zero surrounded by hard hatted individuals. They could be jus f****n with the sewers or somethin but either way what would that have to do with tha park and pay? I think there's a big chance this has 2 do with tha shamrocks groundbreaking. Could it be? A miracle? Well this is the SEASON 4 miracles! I really thought the project was gonna be scrapped and was about 2 write a "hey its late December and no groundbreaking as promised" post but I may have 2 put that on hold. Anyone else know what kind of machinery that is out there if you've seen it?I was just down there and didn't see any equipment, or any construction permit posted either. Maybe the miracle is slightly delayed? Quote Link to comment Share on other sites More sharing options...
midtown_resident Posted December 25, 2004 Share Posted December 25, 2004 I was just down there and didn't see any equipment, or any construction permit posted either. Maybe the miracle is slightly delayed?<{POST_SNAPBACK}>I drove by there this morning and saw clearly a truck with drilling equipment roughly in the same area where the McD's used to be. There was a ton of mud being pulled up...Seemed like they were pulling samples...just a guess. Quote Link to comment Share on other sites More sharing options...
firstngoal Posted December 26, 2004 Share Posted December 26, 2004 Yeah, that probably doesn't mean a whole lot. Welcome to H-town.<{POST_SNAPBACK}>I disagree - I think it speaks volumes. The "experts" I mention are people I work with on a daily basis - and respect. 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.