maceo9903 Posted October 16, 2008 Share Posted October 16, 2008 It's over! Another great project for Houston down the drain! Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted October 16, 2008 Share Posted October 16, 2008 got slight confirmation that both the hanover tower and the ritz are going to be delayed at least slightly... they still expected both to happen, but they will be phased in.As long as the lots remain empty and undeveloped, that's cool. I don't want some low density project built with the promise that it is only temporary, and then it turns out permanent. Quote Link to comment Share on other sites More sharing options...
ChannelTwoNews Posted October 16, 2008 Share Posted October 16, 2008 It's over! Another great project for Houston down the drain! Yay, LTAWACS Jr! I'm not surprised at the outcome thus far. It always seemed to like the original plan would deliver a bit too much, too quickly. A phased plan makes a bit more sense in the long run, so hopefully it will follow that course. 1 Quote Link to comment Share on other sites More sharing options...
maceo9903 Posted October 16, 2008 Share Posted October 16, 2008 Im sorry Im of the beleif that it is easier to build the big things and phase in the small things as opposed to the opposite. Quote Link to comment Share on other sites More sharing options...
The Great Hizzy! Posted October 16, 2008 Share Posted October 16, 2008 People are surprised that there are delays and cancelations of large-scaled mixed-use, residential and commercial projects in THIS economy? Seriously? Quote Link to comment Share on other sites More sharing options...
swtsig Posted October 17, 2008 Share Posted October 17, 2008 People are surprised that there are delays and cancelations of large-scaled mixed-use, residential and commercial projects in THIS economy? Seriously?just wait for the "typical houston" response... that'll be neat. Quote Link to comment Share on other sites More sharing options...
houston-development Posted October 20, 2008 Share Posted October 20, 2008 got slight confirmation that both the hanover tower and the ritz are going to be delayed at least slightly... they still expected both to happen, but they will be phased in. i can confirm this in regards to hanover. dont expect their tower to be built anytime soon.. i would consider it postponed indefinitely rather than slightly. Quote Link to comment Share on other sites More sharing options...
bcnet Posted October 20, 2008 Share Posted October 20, 2008 i can confirm this in regards to hanover.dont expect their tower to be built anytime soon.. i would consider it postponed indefinitely rather than slightly. As a sub on this project I will also confirm this. We have been told at least 6 months of delays. Quote Link to comment Share on other sites More sharing options...
marc Posted October 20, 2008 Share Posted October 20, 2008 One can only assume that the Trickle-Up phenomenon, as i like to call it, is going to come into effect. i think developers, corps., banks and such are holding their breath, waiting to see how this market mess plays out. At least, that's what i would do. Look around our country; projects almost completed will be; projects half way completed are stalled; projects which only have some sort of foundation work done are on hold indefinately; and anything proposed probably won't come down the pipeline for AT LEAST a year or so. Keep in mind our economy effects the World economy. We borrowed money from the Chinese, Europe, Japan and parts of the Middle East. Because we can't pay them back due to our own domestic shortfall of $$$$, they aren't likely to help us fund any AMERICAN projects any time soon. i think the only thing they would be interested in is taking advantage of our slumped market and either buy up projects or build new ones for THEIR companies and THEIR purposes. m. What do you all think? Am i off base? Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted October 20, 2008 Share Posted October 20, 2008 (edited) For the last two years as all these cool things were proposed I kept thinking, "Please just get it off the ground before the next crisis comes in to ruin it all." Because that always seems to happen, just like the oil bust of the 80's happened right when we were about to build a tower that would have been taller than the Empire State Bldg. All these mixed-use projects were the spawn of the biggest boom this city has had since that time, and it looks like they're all getting nipped just as they were about to bud.I wonder if the two downtown skyscrapers under construction will be cut back in height? Edited October 20, 2008 by H-Town Man Quote Link to comment Share on other sites More sharing options...
TheNiche Posted October 20, 2008 Share Posted October 20, 2008 One can only assume that the Trickle-Up phenomenon, as i like to call it, is going to come into effect. i think developers, corps., banks and such are holding their breath, waiting to see how this market mess plays out. At least, that's what i would do. Look around our country; projects almost completed will be; projects half way completed are stalled; projects which only have some sort of foundation work done are on hold indefinately; and anything proposed probably won't come down the pipeline for AT LEAST a year or so. Keep in mind our economy effects the World economy. We borrowed money from the Chinese, Europe, Japan and parts of the Middle East. Because we can't pay them back due to our own domestic shortfall of $$$$, they aren't likely to help us fund any AMERICAN projects any time soon. i think the only thing they would be interested in is taking advantage of our slumped market and either buy up projects or build new ones for THEIR companies and THEIR purposes.m. What do you all think? Am i off base? Of all the capital allocated to real estate investments, less <5% of it is foreign direct investment (FDI). There is an international story to be told, but it isn't nearly that neat, clear-cut, or reactionary in nature, and it is occuring at a much higher level of finance. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted October 20, 2008 Share Posted October 20, 2008 For the last two years as all these cool things were proposed I kept thinking, "Please just get it off the ground before the next crisis comes in to ruin it all." Because that always seems to happen, just like the oil bust of the 80's happened right when we were about to build a tower that would have been taller than the Empire State Bldg. All these mixed-use projects were the spawn of the biggest boom this city has had since that time, and it looks like they're all getting nipped just as they were about to bud.I wonder if there are any economists out there that have put together a 'tall building index' to use as an indicator of when real estate is about to go belly-up as an asset class. Maybe I'll hear about it at Mark Doutzer's next presentation.I wonder if the two downtown skyscrapers under construction will be cut back in height?Probably not. These projects already have financing in place and it would be unwise for the developers to try and rock the boat in this lending environment. Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted October 21, 2008 Share Posted October 21, 2008 I wonder if there are any economists out there that have put together a 'tall building index' to use as an indicator of when real estate is about to go belly-up as an asset class. Maybe I'll hear about it at Mark Doutzer's next presentation. Great - fill us in on what Mark Doutzer says. Because obviously I was seriously suggesting that tall buildings were what caused this and the last downfall. Quote Link to comment Share on other sites More sharing options...
houston-development Posted October 21, 2008 Share Posted October 21, 2008 We have been told at least 6 months of delays.i would be absolutely shocked if hanover starts construction in six months. anticipate a two to three year delay. however, if the economy comes roaring back, this could change. hanover is completely changing their business plan. unfortunately, im not at liberty to discuss the specifics but will say that developing highrises, going forward, are doubtful in the near future. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted October 21, 2008 Share Posted October 21, 2008 Great - fill us in on what Mark Doutzer says. Because obviously I was seriously suggesting that tall buildings were what caused this and the last downfall. I never meant to imply that tall buildings cause real estate asset bubbles or the popping thereof. You are confusing correlation with cause. And I am only looking for an indicator. Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted October 21, 2008 Share Posted October 21, 2008 I never meant to imply that tall buildings cause real estate asset bubbles or the popping thereof. You are confusing correlation with cause. And I am only looking for an indicator.No, you suggested that I was implying that, and then mocked me for it. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted October 21, 2008 Share Posted October 21, 2008 No, you suggested that I was implying that, and then mocked me for it.I'm sorry if it came off that way, but that wasn't my intent at all. Quote Link to comment Share on other sites More sharing options...
swtsig Posted October 21, 2008 Share Posted October 21, 2008 I wonder if there are any economists out there that have put together a 'tall building index' to use as an indicator of when real estate is about to go belly-up as an asset class. Maybe I'll hear about it at Mark Doutzer's next presentation.Probably not. These projects already have financing in place and it would be unwise for the developers to try and rock the boat in this lending environment.did you go to his presentation yesterday at the fed? really wish i could have attended that. Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted October 21, 2008 Share Posted October 21, 2008 I wonder if there are any economists out there that have put together a 'tall building index' to use as an indicator of when real estate is about to go belly-up as an asset class. Maybe I'll hear about it at Mark Doutzer's next presentation.That isn't mocking? Quote Link to comment Share on other sites More sharing options...
TheNiche Posted October 21, 2008 Share Posted October 21, 2008 did you go to his presentation yesterday at the fed? really wish i could have attended that.Nope, but was planning to as well. He uses a lot of canned presentations, though, and I'd suspect it was pretty similar to the one at the link below:http://recenter.tamu.edu/speeches/MD101608S1024.pdfThat isn't mocking?No, it was only a musing. Quote Link to comment Share on other sites More sharing options...
gene Posted October 29, 2008 Share Posted October 29, 2008 (edited) on a new note, it looks like ambassador way is nearly redone to accommodate more traffic and access to the new post oak lane extension (which is being worked on...) and the first phase building looks to be nearly complete on the outside and there are tons of workers on the inside... looks like they are about ready to tear down the post oak facing temporary wall to expose the front of building and finished front parking lot or drive up...exciting stuff. Edited October 29, 2008 by gene Quote Link to comment Share on other sites More sharing options...
beparr Posted October 29, 2008 Share Posted October 29, 2008 Can someone get a picture the progress? I live out of town so my only chance of seeing it is when people post pictures. BTW, the pictures that have been posted are great. Thanks. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted November 17, 2008 Share Posted November 17, 2008 I guess the current building going up is called Boulevard Place 5? This link says it's supposed to be completed by December 2008. Anyone been by it lately?http://www.colliers.com/Content/Repositori...rket_Report.pdfAccording to the site plan on Wulfe's website, the building under construction is BLVD Place 6. It is coming along very well. They have even taken down most of the construction fence around the front. The linked site does say that BLVD Place 6 is to be completed in December 08. That appears to be possible.(the site you linked actually says that BLVD Place 5 is to be completed in April 2010). Quote Link to comment Share on other sites More sharing options...
swtsig Posted December 16, 2008 Share Posted December 16, 2008 so hanover owns the property where their highrise was supposed to go, so one would figure that they will put something there sooner or later... my bet is later, of course.also heard that the ritz is officially on hold and that there are rumblings that the whole foods is also on hold, although no real confirmations regarding the WF.dont shoot the messenger Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted December 16, 2008 Share Posted December 16, 2008 So all of this is on HOLD?????????????? Quote Link to comment Share on other sites More sharing options...
gene Posted December 16, 2008 Share Posted December 16, 2008 (edited) good lord, you crack me up with your wacky responses and negative signature...i truly hope you find a way out of houston, a city i love...it might make it better...or at least more positive ha!read the post above your post:"also heard that the ritz is officially on hold and that there are rumblings that the whole foods is also on hold, although no real confirmations regarding the WF."so no real confirmations and who knows what is happening...just stay tuned... Edited December 16, 2008 by gene Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted December 17, 2008 Share Posted December 17, 2008 good lord, you crack me up with your wacky responses and negative signature...i truly hope you find a way out of houston, a city i love...it might make it better...or at least more positive ha!read the post above your post: "also heard that the ritz is officially on hold and that there are rumblings that the whole foods is also on hold, although no real confirmations regarding the WF." so no real confirmations and who knows what is happening... just stay tuned... Calm down... I was just a little excited... Quote Link to comment Share on other sites More sharing options...
kjb434 Posted December 17, 2008 Share Posted December 17, 2008 Current building that is approaching completion will house the tenants in the nearby shopping center. As the tenants move over, the older section can be demolished. It doesn't mean the next phases will start right away though. Quote Link to comment Share on other sites More sharing options...
gene Posted December 17, 2008 Share Posted December 17, 2008 Calm down... I was just a little excited... gotcha! Quote Link to comment Share on other sites More sharing options...
Jim from Katy Posted December 19, 2008 Share Posted December 19, 2008 Isn't blvd place supposed to be a big project with a couple of skyscrapers etc.? What is going there? is this place for real? I keep seeing big projects getting cancelled hopefully this one is for real. Quote Link to comment Share on other sites More sharing options...
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