AUSTIN | Projects & Construction II - Page 503

JACKinBeantown · #**10041** Posted **Mar 8, 2012, 10:26 PM**

Quote:

Originally Posted by bisonmountain

I understand what you're saying, but as someone who travels I-35 every morning and evening this struck me as funny. I guess "steady speeds" can mean 2-3 mph, as well as 55-60 mph, right.

Ha!

The ATX · #**10042** Posted **Mar 9, 2012, 5:18 PM**

Apple is building a $304 million campus in Austin and hiring 3.6K.

http://www.bizjournals.com/austin/news/2012/03/09/apple-to-build-304m-campus-hire.html

BevoLJ · #**10043** Posted **Mar 9, 2012, 8:48 PM**

Wow! That is in addition to their current ~3,500 jobs they already have here? This would put them up there with IBM, Freescale and AMD in the 6-7k Austin employee area.

How many does Samsung have now that the new plant went online last November?

Austin1971 · #**10044** Posted **Mar 11, 2012, 5:09 PM**

Can't wait to see what SXSW will look like in the future once the two planned convention center hotels come on-line. They can't be built fast enough....

Jdawgboy · #**10045** Posted **Mar 11, 2012, 8:25 PM**

Quote:

Originally Posted by Austin1971

Can't wait to see what SXSW will look like in the future once the two planned convention center hotels come on-line. They can't be built fast enough....

I agree but we really need many more hotel rooms than the two proposed large ones so I am glad that several smaller ones are being built as well.

The ATX · #**10046** Posted **Mar 11, 2012, 9:43 PM**

There are a lot of rooms under construction or scheduled to start construction by summer. But even with those online, I think there will still be a shortage for big events.

nixcity · #**10047** Posted **Mar 12, 2012, 3:05 PM**

The only hotel I can think of that is under construction right now is the Hyatt Place. Which other ones are supposed to start by summer??

Austin1971 · #**10048** Posted **Mar 12, 2012, 3:55 PM**

Quote:

Originally Posted by nixcity

The only hotel I can think of that is under construction right now is the Hyatt Place. Which other ones are supposed to start by summer??

Both the 1000 room JW Marriott and the 1000 room Grand Hotel at Waller Creek are scheduled to break ground in June and July.

Solutioneur · #**10049** Posted **Mar 14, 2012, 2:10 AM**

Manchester is still seeking financing. It may be a challenge to get both +$300 million projects financed.

wwmiv · #**10050** Posted **Mar 14, 2012, 5:23 AM**

Quote:

Originally Posted by Solutioneur

Manchester is still seeking financing. It may be a challenge to get both +$300 million projects financed.

Where did you get this information? No offense, but this seems very speculative.

BevoLJ · #**10051** Posted **Mar 14, 2012, 7:33 AM**

Manchester stated from the very get-go when the project was first announced that they had all the financing already.

wwmiv · #**10052** Posted **Mar 14, 2012, 2:44 PM**

Quote:

Originally Posted by BevoLJ

Manchester stated from the very get-go when the project was first announced that they had all the financing already.

I thought that that was the case. That's for the confirm, but do we have any links?

BevoLJ · #**10053** Posted **Mar 14, 2012, 8:02 PM**

Pretty much any story in this thread. Even the first one mentions they have financing. Grand Hotel at Waller Creek | 700 FT Spire / 581 FT Roof | 47 Floors | 1,035 rooms]

Here was the first story on the Grand.

--------------------

Second developer said to be working on downtown convention hotel plan
By Shonda Novak
AMERICAN-STATESMAN STAFF
Updated: 10:16 p.m. Thursday, June 23, 2011
Published: 9:39 p.m. Thursday, June 23, 2011

Quote:

...

He said it was his impression that the second developer was "pretty far ahead in the planning" and that financing has been lined up as well.

...

http://www.statesman.com/business/second-developer-said-to-be-working-on-downtown-1558983.html

Solutioneur · #**10054** Posted **Mar 14, 2012, 8:27 PM**

Quote:

Originally Posted by BevoLJ

Pretty much any story in this thread. Even the first one mentions they have financing. Grand Hotel at Waller Creek | 700 FT Spire / 581 FT Roof | 47 Floors | 1,035 rooms]

Here was the first story on the Grand.

--------------------

Second developer said to be working on downtown convention hotel plan
By Shonda Novak
AMERICAN-STATESMAN STAFF
Updated: 10:16 p.m. Thursday, June 23, 2011
Published: 9:39 p.m. Thursday, June 23, 2011

You are quoting City Council Member Bill Spelman who said it was "his impression.... that financing has been lined up."

Both developers have said they have equity for their respective projects, but neither has announced financing. In today's difficult climate for debt financing, those would be big announcements. Many announced projects in Austin are on hold for a lack of financing.

JoninATX · #**10055** Posted **Mar 15, 2012, 5:04 PM**

Tower crane up at the Domain.

Jdawgboy · #**10056** Posted **Mar 15, 2012, 6:48 PM**

From what I have heard, both hotel projects are a go for construction start this summer. I can't see how any company cannot secure financing when the demand is so great here. Demand dictates market so it would be outragious to just say one or both may not be built. Unless you have some sort of proof I believe we will so both hotels start construction this summer.

The ATX · #**10057** Posted **Mar 15, 2012, 7:08 PM**

CNBC is reporting today that another 25 high rise condos are planning on starting construction this year in Miami as demand is increasing. Miami was ground zero for the housing bust, so if they are turning around it bodes well for residential/hotel construction for the rest of the U.S.

JoninATX · #**10058** Posted **Mar 15, 2012, 9:28 PM**

Here is a few photos I took today at the Domain.

BevoLJ · #**10059** Posted **Mar 15, 2012, 9:37 PM**

Here is a couple I took from the ACC on Tuesday. While looking at them imagine tons and tons of loud deafening music coming from a collection of stages around ACC. =)

Never Ending Building by BevoLJ, on Flickr

Red Line by BevoLJ, on Flickr

Solutioneur · #**10060** Posted **Mar 16, 2012, 3:56 AM**

Quote:

Originally Posted by Jdawgboy

From what I have heard, both hotel projects are a go for construction start this summer. I can't see how any company cannot secure financing when the demand is so great here. Demand dictates market so it would be outragious to just say one or both may not be built. Unless you have some sort of proof I believe we will so both hotels start construction this summer.

Well, I'm sure the banks are happy the "cheerleaders" are excited.