I45Tex
01 August 2008, 09:41 PM
Developers out of Dubai lately paid $400/sf for land at 3200 Post Oak Blvd, a couple of blocks south of Transco Tower in the Galleria area on West Loop 610. Information is minimal, although financing is not at issue; a logical step to pursue in tandem with trying to make their home economy a good investment is also to not have all of their nest egg in that one market, and to build properties abroad while the dollar is low that will fetch a high price in the future. I personally have found skyscrapers to be sociologically poor - and misguided at best, distortive at worst from the standpoint of city fabric and the generation of new work and new neighborhood functions. The stakes are just too high to let a trophy property be very interactive, which means that in important respects it is deadening. Yeah, sculpturally, there's no comparable opportunity to them. That's like comparing a boat (compelling, self-contained) to maybe a bicycle (minimal, and somewhat connected, although a better example might come to mind - you or I can post in the comments). It's civilization's mistake to take such pride in the former kind of achievements when it's the latter that invigorate. And it's the thought that that achievement proves something which allows the East Coast to exert such pressure on our wannabe world cities to not be Southern or Western or Texan, but to come around to the team that's manifestly worth being on. Anyway, the proposal circulating is intended to have 89 storeys, and needless to say, if you like that sort of thing, this will be the sort of thing you like.