Quote:
Originally Posted by GoldenBoot
T.Stacy’s project was “dead” from the day it was conceived. Tom never had any intention of developing the project by himself. He wanted to obtain the highest available zoning and sell it off to the highest bidder. This process is prevalent with local developers who have no experience in developing these types of projects.
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As much as I hate the free-wheeling, hapahazard aspect of Houston's lack of zoning, there are no incentives for developers to pull these kinds of shenanigans. If they announce they intend to build something 50 stories tall, they'll build it; they're not trying to see if they can get a variance for a tall building so they can flip the property.