Quote:
Originally Posted by Schertz1
Most of your San Antonio post seem to question the development here. Why are you so cynical about SAT? Why should we have to wait for a news article or press release to post relevant information, especially when they are from a credible source? Do you remember when you wrote this:
Individual real estate developers/development companies are not siloed from communicating with each other (i.e., on their own little island). It is a very close-knit group of people. Everyone pretty much knows what everybody else is doing long before you or I may hear about it in some type of news media. It’s a “life-or-death” responsibility for individuals in the real estate industry to know what’s going on in their market(s).
Timing is everything in this industry. Developers don’t have the relative luxury of “waiting” or being timid. They “eat what the kill” and if there is prey out there, they’re going to find a way to “kill” it or they will starve. In pretty much any city in the world, if there is huge demand for a specific segment of the real estate market (in this case luxury high-rise condos in SA), then local, national and even international developers will take note and act accordingly. ?
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Yes, actually, I do remember writing that. If I may say so, it’s quite good. However, what is the relevance here? Who in this forum actually works in the industry and may have access to this information? Are they considered true “credible sources” or even “authorities?” And how are we to know?
You guys have this “thing” for Andres…And I’m sure he’s really good as the EO of 3D/I’s Central/South Texas Group. But as Complex01 pointed out, are we sure this is the “real” Andres? Even if it is, I’m quite surprised that he has the time to post responses in this or any other forum. Again; in this field, you reap what you sow.
I am not cynical about SA! I, and possibly a few others reading through here, would like to see some type of proof, affirmation, or some type of media buzz regarding a development “rumor” before we celebrate. For example, articles about the “possibility” of a W Hotel in Dallas and in Austin surfaced almost a year in advance of any “official” announcement. I just haven’t seen a single thing about the San Antonio project, which, according to Andres, “closes on June 1, 2007” – By that, I’m assuming it’s really a management contract, which will be signed by Starwood and the developer of the Kress site…
Also, I believe there was a question raised about whether or not this development would include condos…at 27 stories, I believe it may – unless the tower has a very small footprint, thus a taller, skinnier building (or “point tower”). W’s usually have 200-250 rooms; with a small footprint and 10 rooms per floor, I can see how this tower (hotel rooms only) could approach 27 stories.