HOUSTON | Development Thread II - Page 454

Urbannizer · #**9061** Posted **Jul 20, 2015, 11:58 PM**

The Wilshire set to Break Ground Aug 4th.

http://www.bizjournals.com/houston/n...eria-area.html

JManc · #**9062** Posted **Jul 21, 2015, 3:14 AM**

Quote:

Originally Posted by The Best Forumer

I've a couple of friends at Baylor's Alkek building there... why do you think it's a pain?

At 5, It's a 'traffic jam' in the elevator lobby and then again in the parking garage plus with limited outlets on the street so Pressler and Fannin (where I am) is a parking lot from everyone streaming out of the building at once. It's pretty much typical of working in any business district though.

rellott · #**9063** Posted **Jul 23, 2015, 2:27 AM**

Probably old news, but I have a source that said that 6 Houston Center is on hold until investors get enough confidence in the O&G market again. They're just waiting for up and up numbers.

The Best Forumer · #**9064** Posted **Jul 24, 2015, 4:12 AM**

Quote:

Originally Posted by rellott

Probably old news, but I have a source that said that 6 Houston Center is on hold until investors get enough confidence in the O&G market again. They're just waiting for up and up numbers.

This is likely the same reason they gave the last two times this tower was shelved.

Kenchiku desu · #**9065** Posted **Jul 24, 2015, 4:22 AM**

It seems odd, since energy prices will rebound sooner or later. Logic would have them building in a down economy, ready for the next boom.

The Best Forumer · #**9066** Posted **Jul 24, 2015, 5:14 AM**

Quote:

Originally Posted by Kenchiku desu

It seems odd, since energy prices will rebound sooner or later. Logic would have them building in a down economy, ready for the next boom.

Good point.

Urbannizer · #**9067** Posted **Jul 24, 2015, 6:18 AM**

Quote:

Originally Posted by The Best Forumer

This is likely the same reason they gave the last two times this tower was shelved.

Crescent tries to get the project going as the market begins to take a downturn, yet Hines is always putting up new office towers downtown because they start off a project as our economy is recovering.

Quote:

Originally Posted by Kenchiku desu

It seems odd, since energy prices will rebound sooner or later. Logic would have them building in a down economy, ready for the next boom.

What if it's later? Wouldn't want to lose $$$ constructing an office building then having it sit vacant for months.

Urbannizer · #**9068** Posted **Jul 24, 2015, 6:22 AM**

Speaking of office buildings.

http://www.houstonchronicle.com/busi...in-6402458.php

Quote:

Originally Posted by Houston Chronicle

Midtown poised for first new office tower in decades

Midtown, the thriving urban neighborhood just south of downtown, could see a sleek new office tower rise from a parcel of land that for years housed a Vietnamese restaurant and is now near the center of a growing real estate boom.

Houston-based Senterra Real Estate Group is planning a 16-story office tower at 3003 Louisiana. The company says it would be the first new office tower to be built in Midtown in nearly five decades.

Construction, however, won't start on the building until about half of it is spoken for by future tenants.

The Gensler architecture firm has designed a building for Senterra's site with 250,000 square feet of office space in nine floors above seven levels of parking. The structure will allow for six corner offices. Terraces will face Anita, Louisiana and Milam on the building's eighth and 16th floors.

The building could be completed by the end of 2017.

glowrock · #**9069** Posted **Jul 24, 2015, 11:28 AM**

Quote:

Originally Posted by Kenchiku desu

It seems odd, since energy prices will rebound sooner or later. Logic would have them building in a down economy, ready for the next boom.

Being someone in the business, so to speak, it's going to be later rather than sooner. I'm shocked Houston is still building as much as it is right now, as it's bound to result in a moderate to major crash at some point in the near future. Especially in terms of office space! Residential perhaps not so much, but certainly retail as well.

Aaron (Glowrock)

Urbannizer · #**9070** Posted **Jul 24, 2015, 12:36 PM**

I too think the O&G market will not recover as fast as some think. Retail has seen little impact, so far. The number of new multifamily announcements has slowed down, but a lot of developers are waiting for the market to rebound as the amount of multifamily permits being issued is up from last year; only second to NY.

Multifamily's Surprising Continued Strength

https://www.bisnow.com/houston/news/...strength-48303

toxteth o'grady · #**9071** Posted **Jul 24, 2015, 3:46 PM**

This development is noteworthy, not for being high-rise development, but for being more than the usual bland public housing development. And it's on North Main.

The Most Interesting Affordable Housing in Houston

TexasPlaya · #**9072** Posted **Jul 24, 2015, 4:47 PM**

Quote:

Originally Posted by glowrock

Being someone in the business, so to speak, it's going to be later rather than sooner. I'm shocked Houston is still building as much as it is right now, as it's bound to result in a moderate to major crash at some point in the near future. Especially in terms of office space! Residential perhaps not so much, but certainly retail as well.

Aaron (Glowrock)

I'm shocked at the class A office still being proposed and built. However, Houston is undergoing an institutional boom due to the population growth. We passed billions in infrastructure and educational bonds back in 2012 and 2014 that have been building up. The TMC booms when O&G prices are down and hospital systems are booming city wide. Not to mention all the services that support the population.

However, it will be interesting to see what happens to nat gas when about half a dozen LNG terminals open starting 2016.

Urbannizer · #**9073** Posted **Jul 24, 2015, 4:56 PM**

Historic Eado Building to be Restored

https://www.bisnow.com/houston/news/...eveloped-48377

Light Rail Lofts

Building at the corner of Main & Ruth St. in Midtown to be converted into lofts.

Urbannizer · #**9074** Posted **Jul 24, 2015, 9:55 PM**

http://www.houstonchronicle.com/ente...#photo-8356268

Quote:

Originally Posted by Houston Chronicle

A place for artists takes shape near downtown

An art destination unlike any other in Houston - and bigger than anything of its kind in the U.S. - is taking shape a mile and a half west of downtown in a scruffy area off Washington Avenue.

Developer Jon Deal and several collaborators are creating a 36-acre "creative campus" called Sawyer Yards where people can eat, drink, shop and visit more than 300 studios. The total investment represented in the preliminary plan - including loft apartments and a parking structure - could exceed $100 million at current land values, Deal estimates.

rellott · #**9075** Posted **Jul 27, 2015, 4:42 AM**

6 HC / Crescent: If they're so worried about O&G and a possible office bubble, then why not move forward with the project, but with the addition of residential and retail factors with the development? That way if O&G doesn't recover much then they have the solidarity of retail and residential in an awesome spot.

Sawyer Yards: They've had signs up for a while now and have been fixing up the property as well. Never actually seen any real renderings and specs such as those, so this is nice! Think it'll be a great asset in the neighborhood and serve as a focal destination point for the corridor.

AustinTay · #**9076** Posted **Jul 27, 2015, 5:52 AM**

Quote:

Originally Posted by toxteth o'grady

This development is noteworthy, not for being high-rise development, but for being more than the usual bland public housing development. And it's on North Main.

The Most Interesting Affordable Housing in Houston

It's actually on Irvington and Patton.