Comments on: High Street: Left High and Dry http://swamplot.com/high-street-left-high-and-dry/2008-12-29/ Houston, Texas real estate development, home buying, landscape, and design Tue, 16 Mar 2010 09:11:59 +0000 http://wordpress.org/?v=2.6.3 By: EMME http://swamplot.com/high-street-left-high-and-dry/2008-12-29/#comment-15924 EMME Tue, 30 Dec 2008 15:45:56 +0000 http://swamplot.com/?p=5091#comment-15924 I drove by this Christmas Eve and saw workers there. I remember thinking that those guys must be glad to still have their construction jobs. Sad to see all these construction workers out of work. I drove by this Christmas Eve and saw workers there. I remember thinking that those guys must be glad to still have their construction jobs. Sad to see all these construction workers out of work.

]]> By: mt http://swamplot.com/high-street-left-high-and-dry/2008-12-29/#comment-15889 mt Mon, 29 Dec 2008 22:11:25 +0000 http://swamplot.com/?p=5091#comment-15889 I think that in hindsight, Trademark will appear to be the smart one in the bunch by taking the hit to stop construction now, rather than opening into a bleak market. They have to be out quite a bit of $$$ to stop at this point (not to mention carry costs), but most of these mixed use projects are facing similar issues at the moment. I don't buy his reasoning about cheaper construction costs down the road. Granted we are currently in a deflationary environment, but with the FED printing money like mad, inflation awaits. My experience with these kinds of situations is that prices NEVER seem to go down, as many of the subs will want to rebid to cover their previous screw-ups in bidding. I've heard the same thing about Wulfe's Boulevard Place project (having issues with tenants that can't get financing). Midway continues to sing sunny days about their Town & Country redevelopment but it will be interesting to see if they can close their pre-lease commitments as the space comes online next year. I think that in hindsight, Trademark will appear to be the smart one in the bunch by taking the hit to stop construction now, rather than opening into a bleak market. They have to be out quite a bit of $$$ to stop at this point (not to mention carry costs), but most of these mixed use projects are facing similar issues at the moment.
I don’t buy his reasoning about cheaper construction costs down the road. Granted we are currently in a deflationary environment, but with the FED printing money like mad, inflation awaits. My experience with these kinds of situations is that prices NEVER seem to go down, as many of the subs will want to rebid to cover their previous screw-ups in bidding.

I’ve heard the same thing about Wulfe’s Boulevard Place project (having issues with tenants that can’t get financing). Midway continues to sing sunny days about their Town & Country redevelopment but it will be interesting to see if they can close their pre-lease commitments as the space comes online next year.

]]> By: ID http://swamplot.com/high-street-left-high-and-dry/2008-12-29/#comment-15880 ID Mon, 29 Dec 2008 18:14:18 +0000 http://swamplot.com/?p=5091#comment-15880 There are problems with Boulevard Place as well. I think project will be halted there soon as well. There are problems with Boulevard Place as well. I think project will be halted there soon as well.

]]> By: Miz Brooke Smith http://swamplot.com/high-street-left-high-and-dry/2008-12-29/#comment-15878 Miz Brooke Smith Mon, 29 Dec 2008 17:31:42 +0000 http://swamplot.com/?p=5091#comment-15878 That's one big pigeon loft. That’s one big pigeon loft.

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