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Urbndwlr

Member Since 08 May 2004
Offline Last Active Nov 14 2017 09:02 AM
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Posts I've Made

In Topic: New Hotel at 9th and Commerce

14 November 2017 - 09:05 AM

John, what is the standard for architecturally significant? 

 

Sometimes it seems that can be better judged after 20 years, when we have time to see if the building is a quality representative of the design of the period. 

 

If I were just judging the architecture, I;d call it inoffensive -- it "does no harm".  So if our standards are modest, then yes, its "significant", IMO.


In Topic: The Worth Residences (24 floors)

10 November 2017 - 02:47 PM

 

I recognize the type font...seriously, what percentage of condo buyers, do you think, purchase these units for vacation, rental, or as an investment?  Is this also part of a time-share practice?

 

 If you take Austin, Texas for example, a large percentage of condo and apartments are purchased by well heeled investors as tax shelters and income generators.   Investors are driving the boom of condo and apartments development in Austin. Of course, Austin has a vibrant tourist, conference and convention market, something that Fort Worth does not have at this time.

 

However, the tax structure could make investments in Fort Worth's relatively inexpensive real estate market a draw for out of town investors to enter our market as U.S. and Texas in particular are seen as a safe and favorable tax jurisdictions for national and international investors.

 

My hunch is that WR is more "dipping its toe in the water" and aiming at investors who are looking for new opportunities than it is their looking at the City's traditional housing market.

 

I think you are correct.  There seems to have been a lot of investor buying of condos, mostly in "gateway" markets such as LA, NY, and MIA but apparently some in Texas too.

So long as the condo regime doesn't limit renting to tenants (as some do) that seems like a logical financial structure:  you buy a condo, plan to rent it out for an income stream.  Seems to be the tradition in New York, so why not here?


In Topic: TCU's massive campus transformation continues

19 October 2017 - 05:20 PM

Does anyone know or understand what the current requested zoning overlay is requested by TCU? 

 

I couldn't find any information on it other than there is a zoning request by TCU and neighbors felt it was too vague so it was continued.  Curious what area it covers and what it might mean they have planned.


In Topic: County hospital bond election

19 October 2017 - 05:18 PM

Interesting that the community panel put together to assess this recognized such a strong need for psych needs. 

I only read the Star Telegram article - have no additional knowledge of this but it appears they came away from their study with a pretty resounding conclusion that Tarrant County needs this.

 

Also note the mention about how many citizens will need to be informed about this since are not currently aware of the need.  (Including me)


In Topic: Fort Worth Law School to get major upgrade

19 October 2017 - 05:12 PM

It now seems A&M is planning an expansion in the Star Telegram building.

Where did you read that?