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  #21  
Old Posted Jul 14, 2013, 7:30 AM
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Don't think for an instance that McDonalds is not a serious player in the real estate industry. They know exactly what they are doing. The price of building a new McDonalds is negligible when compared to the potential for the land value of that parcel of land.
This

Ray Kroc used to say that McDonald's is in the real estate business.
     
     
  #22  
Old Posted Jul 14, 2013, 11:17 PM
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McDonald's is currently in a remodeling boom to update their restaurants. The oldest McDonald's in Texas (in North Austin) was recently torn down and rebuilt to their new specs. This article says McDonald's will spend $1 billion to rebuild/update most of their restaurants by 2015.
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  #23  
Old Posted Jul 15, 2013, 7:44 PM
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Originally Posted by Bailey View Post
Don't think for an instance that McDonalds is not a serious player in the real estate industry. They know exactly what they are doing. The price of building a new McDonalds is negligible when compared to the potential for the land value of that parcel of land.
That being the case, I would have thought there would be more value in them selling the parcel to the developers of the Astoria and looking for another parcel that is not so hemmed in.
     
     
  #24  
Old Posted Jul 16, 2013, 12:27 AM
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That being the case, I would have thought there would be more value in them selling the parcel to the developers of the Astoria and looking for another parcel that is not so hemmed in.
Sounds like a lateral move at best. Not much of a point after paying closing cost, surveying, commission fee, etc.
     
     
  #25  
Old Posted Aug 13, 2013, 3:40 AM
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It sounds like they're moving ahead - according to HAIFer 'SkylineView' who lives across from the location...

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Parking lot removal in progress.
The sales office was removed from the location back in July.
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  #26  
Old Posted Aug 17, 2013, 3:49 PM
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8/17 - By Skylineview

     
     
  #27  
Old Posted Aug 27, 2013, 8:16 PM
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Now we're rolling.
     
     
  #28  
Old Posted Sep 4, 2013, 8:21 AM
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9/2 - c/o the Houston EB5 Facebook Page.

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  #29  
Old Posted Sep 5, 2013, 2:52 PM
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I was in town over the weekend, so I saw that crane. One of the few luxury high-rises with its own McDonalds next door.
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  #30  
Old Posted Sep 7, 2013, 7:22 PM
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Today by Skylineview

     
     
  #31  
Old Posted Sep 14, 2013, 4:31 PM
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9/14


HAIF - Skylineview
     
     
  #32  
Old Posted Sep 22, 2013, 2:35 PM
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9.22


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  #33  
Old Posted Sep 28, 2013, 12:20 AM
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at what point does a project move from "site prep" to U/C? it seems this one was supposed to be "u/c" already.. do the footings/foundation or w/e is taking place now not count as construction?
     
     
  #34  
Old Posted Sep 29, 2013, 2:54 PM
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Astoria




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  #35  
Old Posted Oct 2, 2013, 3:22 AM
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10/1 by fatesdisastr



     
     
  #36  
Old Posted Oct 12, 2013, 3:23 PM
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10/12 - Work moving from left to right.




c/o Skylineview
     
     
  #37  
Old Posted Oct 20, 2013, 8:56 PM
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Quote:
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10/12 - Work moving from left to right.

c/o Skylineview
That's a great shot of two blocks that are going to be getting busy over the next couple of years.
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  #38  
Old Posted Oct 27, 2013, 12:05 AM
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10/26 by SkylineView



     
     
  #39  
Old Posted Oct 27, 2013, 3:13 PM
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Isn't this UC by now?
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9 DeKalb Ave, New York 1,066 ft 53W53, New York 1,050 ft UC
     
     
  #40  
Old Posted Oct 31, 2013, 6:20 PM
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Technically, no. Once a crane moves onsite, then yes.
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