Thursday, September 05, 2013

Catching Up with Carl: June 2013

We’ve fallen behind our schedule at Seahorse Beach Club on the Texas Gulf Coast. Too many nits and nats to cover, so construction will begin in July versus June for home delivery in November versus October. Darn it.

The good news is the FF&E package is just terrific. Margit Whitlock’s company and Dahlgren Duck have both outdone themselves. The homes will be a knockout! Pictured is our Beach Club and pool:

seahorse 2

It pays to have a mature and experienced team tying down the proverbial tent pegs in a strong wind. Richard and Amy Korowicki in sales are doing yeoman's work at the site with the temporary sales center just delivered. Chris Cannon has designed a knockout interiors plan for the modular structure. This is to be used until the Beach Club opens next summer.

Our project director, Scott Tracy, continues to manage the hundreds of details on site. Talk about getting gobsmacked for corporate housing. Our area is in a boom phase with the petro chemical and natural gas plants all expanding. Dow Chemical alone is spending more than $2.5 billion. With all the workers and new employees flooding in, it was very tough and very, very expensive to find housing for our team.

New Orleans, that Square #97 in the French Quarter, is moving ahead. It’s a very complicated deal, but Don Dauzat, the local developer in charge, continues to keep about 22 balls in the air at any one moment. 

And, Marathon Key in the Florida Keys continues to look good for the Gulf-side cottages, and maybe another golf club deal. Only Marvin Rappaport knows for sure.

The Greek Peak deal in upstate New York State has gone away, sold by FDIC to local investors who plan to market the Hope Lake Lodge themselves. Alas, a really good deal, but caught up in the recession. All else at Star is fine.

No comments: