Does anyone have any info on this project where it is in the planning process and expected start?
Thanks.
Thanks.
They probably can't go too high because of the proximity to the airport.Quote:
bcstx06 said:
Nice! Great development for the City of Bryan. I have always said that high rise condos would be great in that area. Thank you Ram Galindo for investing in Bryan!
The explosive development of HWY 47 is starting to begin!
You should consider combining 2 of the towers making a 24 story tower. It could be the Transco Tower of Brazos County with retail and restaurants below.
In other news near here, I see that a Pizza Hut is going in at Rudder Landing (Walmart Center).
"If you build it they will come." So, it'll be successful.Quote:
AG 86 BC said:
Can't see this being successful. Where is the demand for high rise living in the area?
I can see a number of Former Students buying these for weekends and games just like the Casitas at Traditions. I'm sure Mr. Galindo has done intensive research on the market for these. He is a brilliant businessman.Quote:agrab86 said:Quote:
AG 86 BC said:
Can't see this being successful. Where is the demand for high rise living in the area?
"If you build it they will come." So, it'll be successful.
Actually, Mr. Galindo is spearheading a privately funded effort, willing to form a MUD, and is asking the county to support expansion of a road that needs to be expanded anyway. If he were asking for public funding and the like, it would likely be a boondoggle. But Galindo has been successful with his other ventures in that part of town, so this one probably will be as well; he's proven he knows the market. I agree that it's risky, but it's his and his business partners' risk to take. I wish them the best of luck.
There are all sorts of failed developments in this town alone that prove that wrong.Quote:agrab86 said:Quote:
AG 86 BC said:
Can't see this being successful. Where is the demand for high rise living in the area?
"If you build it they will come." So, it'll be successful.
I wish him all the luck in the world but in looking at his website this is a big jump for him. I can fly a Cessna but that doesn't mean that I can fly a 777.Quote:dgonzo99 said:Quote:agrab86 said:Quote:
+ 1 more quotes (click to expand)
"If you build it they will come." So, it'll be successful.
Actually, Mr. Galindo is spearheading a privately funded effort, willing to form a MUD, and is asking the county to support expansion of a road that needs to be expanded anyway. If he were asking for public funding and the like, it would likely be a boondoggle. But Galindo has been successful with his other ventures in that part of town, so this one probably will be as well; he's proven he knows the market. I agree that it's risky, but it's his and his business partners' risk to take. I wish them the best of luck.
I can see a number of Former Students buying these for weekends and games just like the Casitas at Traditions. I'm sure Mr. Galindo has done intensive research on the market for these. He is a brilliant businessman.
Looks like he's doing one tower at a time. I think he'll be fine. Each tower will have 40-50 high end units. When he sells enough he can start on the next tower.Quote:dallasiteinsa02 said:Quote:dgonzo99 said:Quote:
+ 2 more quotes (click to expand)
I can see a number of Former Students buying these for weekends and games just like the Casitas at Traditions. I'm sure Mr. Galindo has done intensive research on the market for these. He is a brilliant businessman.
I wish him all the luck in the world but in looking at his website this is a big jump for him. I can fly a Cessna but that doesn't mean that I can fly a 777.
That 's how most of these developments are done in Houston. I am sure he will do the same. He is one of the best businessman here. What killed the failed huge apartment complex close to the Bush Library was that they really hadn't leased hardly anything before they were finished. Last I heard was that the complex is still pretty empty, and they are offering just about anything just to get people in there. Mr. Galindo has done his homework.Quote:
dallasiteinsa02 said:
These kind of deals typically have 20% down at reservation and then when 60-70% reserved the bank will fund construction depending on the developer. They are really hard to sell unless you have a track record of price appreciation after construction is complete or you are willing to fund construction without a bank involved. Not sure about the price point that they are going after but the management fees can also be a killer for the buyers.
If you're talking about Park West, keep in mind that's a TAMU-involved public-private effort. There is a false sense of security when public is involved - the public partner doesn't have to consider the market as much and the private partner has less at risk. Mr. Galindo must very closely consider the market or he will go bust. I'm with you in thinking he has done his homework.Quote:dgonzo99 said:Quote:
dallasiteinsa02 said:
dgonzo: That 's how most of these developments are done in Houston. I am sure he will do the same. He is one of the best businessman here. What killed the failed huge apartment complex close to the Bush Library was that they really hadn't leased hardly anything before they were finished. Last I heard was that the complex is still pretty empty, and they are offering just about anything just to get people in there. Mr. Galindo has done his homework.
Because they drastically cut their prices. Doesn't mean they are going to hit their profitability goals.Quote:
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Park West definitely started out slow and took awhile to get going but last semester they had a 90 something % occupancy
BwdAg said:
Does anyone have any info on this project where it is in the planning process and expected start?
Thanks.
SARATOGA said:
As an Eastside south College Station NIMBY - I'm happy for any and all fancy developments in Northwest Bryan !
Grow WEST young man, GROW WEST !
You are totally right. One part should be a hotel and one should be office. You could work and live there. And having a hotel would bring in more business for any restaurants or retail on the ground floors. Maybe even have a nice restaurant on the top floor so you can eat and have a great view of A&M.bcstx06 said:BwdAg said:
Does anyone have any info on this project where it is in the planning process and expected start?
Thanks.
I was actually in the area the other day and saw trucks and people with papers looking around the area. They may have been taking soil samples. It seems like they will be moving quickly though. I'm thinking they will have a sales office out there soon and hopefully we will get a look of what the condos will look like. Roof top pools and party areas will really sale. They will have views of Kyle Field.
The developer should also look into a possible hotel for part of one, office space etc. basically mixed use.