- Oxberry Group Plans To Build 8-Story Luxury Condo The Mondrian on Site of the Former Weather Museum in the Museum District [HBJ]
- Construction to Start on ‘Yale Marketplace’ Hosting 365 by Whole Foods Market When Neff Rental’s Lease Expires in 2018 [The Leader]
- Tomball Tollway, Grand Pkwy. Drive Building Boom, Population Growth in Northwest Houston [Houston Chronicle]
- How Surge Homes Went About Creating Crowdsourced-Designed Residential Projects [HBJ]
- Southern States Lead Country in Housing Market Gains, Finds National Association of Realtors [Prime Property]
- ‘Exciting’ New Water Park Typhoon Texas Breaks Ground Near the Katy Mills Mall [Covering Katy]
- Ogden Hospitality’s Gastropub Pour Society Opening Sept. 1 in Gateway Memorial City [Eater Houston]
- Portion of U.S.-59 within Loop 610 Officially Designated as Part of I-69 [The Highwayman]
- First Impressions of the Reimagined Metro Bus Route [OffCite Blog]
- New Daily Rainfall Record Set in Galveston Yesterday [Galveston County Daily News ($)]
Photo: Russell Hancock via Swamplot Flickr Pool
Headlines
There’s blood in the stock waters finally. Next up, home sales drop and inventory starts climbing. Not nearly enough 1st time home buyers to support the market with falling equities. I’d say we’ll be in a buyers market (6mo inventory) as early as Feb if we get a full 10% correction.
Im bummed WF decided not to put the 365 store in the new midtown location
Developers who are still building ultra-expensive luxury condos are either very confident or very foolhardy. I have my own opinion, but only time will tell. They haven’t even begun to break ground on some high-rise condo projects in my neighborhood (cough**ARABELLA**cough).
There is one of those 2 or 3 unit “developments” going up across the street from me. Building seems to have stopped. Which would kind of suck. Hopefully rental prices will go down inside the loop, and by that I mean Montrose.
Sally: I would’t hold your breath in Montrose. We’re still getting $800+/month for studios in older 1960’s class C buildings. They’ve been upgraded but they’re not, quite frankly, all that great (outside of location).
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And with the silly high prices that people are buying these older C buildings for, they’re projecting some serious rent increases in order to make any return (or they’re playing the [very] long game}