Read in Mike Snyder’s Houston Politics blog on the Houston Chronicle site about the panel discussion from Monday at Rice.
Perhaps the developers should stop and look at the high rise market in Houston?
The plans for several highrise buildings (the Redstone, the Orion, the Shamrock to name a few) have all been scrapped. High rise condo sales are down due to the housing market, economy and let’s face it- we are about to have a glut of highrises being thrown up all over the area… one just blocks inside the Village near The Robinhood.
Two highrises going up on Kirby, one going up on Weslayan, Two in Post Oak and so many Gables and mid rises- I cannot believe ANYONE would fight this hard, ruin a neighborhood and put themselves into the financial position these developers are headed into.
If you don’t think it’s possible, look at what is happening not far from that area. Look up what is happening to the twin highrises that are going up called The Mosaic.
It boasts 792 units- and has only sold 39! It’s a complete disaster!
What happened to the plans for the Riparion that was to go up where the old River Cafe was, merely blocks from the proposed site?
I am just amazed that a group would fight this hard for a project that is doomed to be hated forever and will further chip away at the quality of life in Houston and the inner loop. Not to mention destroying one of Houston’s oldest and finest neighborhoods.
No- no one will LOVE this project one day.
This proposed development is a selfish display of ego, privledge, short sightedness, shallow thinking and greed.
I feel strongly about fighting for this area- but would like to add that I do not live in the area. It affects all Houstonians. Our historic and beautiful neighborhoods are worth fighting for.
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