Jump to content

What Are The Odds These Will All Be Built?


Downtown Projects  

90 members have voted

  1. 1. Which will get built?

    • 609 Main (Hines)
      79
    • Capitol Tower (Skanska)
      51
    • Linbeck Market Square project
      27
    • New Chevron tower
      73
    • 5 Allen Center (Brookfield)
      16
    • Foley's / Americana blocks (Hilcorp Ventures)
      43
    • 6 Houston Center (Crescent)
      4


Recommended Posts

  • Replies 105
  • Created
  • Last Reply

I would say the Foley's/Hilcorp project is further along than people think. This has been a rumor for over a year and like Exxon/Chevron, they do not need to wait for pre-leasing. The tenants have been moved out of the Americana Building and of course, out of Foley's. I think we will see the plans by the end of the year and construction in 2014.

Link to comment
Share on other sites

I would say the Foley's/Hilcorp project is further along than people think. This has been a rumor for over a year and like Exxon/Chevron, they do not need to wait for pre-leasing. The tenants have been moved out of the Americana Building and of course, out of Foley's. I think we will see the plans by the end of the year and construction in 2014.

 

You are saying then this a single-tenant project?  Over two blocks?  That would be massive, but I haven't heard anything.

Link to comment
Share on other sites

You are saying then this a single-tenant project?  Over two blocks?  That would be massive, but I haven't heard anything.

Not a single tenant project but they obviously already have a lead tenant (Hilcorp) which is why they can move forward. i really don't know the entire scope of the project but i've heard the office building will be around 450K sf.

Link to comment
Share on other sites

I would say the Foley's/Hilcorp project is further along than people think. This has been a rumor for over a year and like Exxon/Chevron, they do not need to wait for pre-leasing. The tenants have been moved out of the Americana Building and of course, out of Foley's. I think we will see the plans by the end of the year and construction in 2014.

 

I'd tend to agree. They've gone to DD on the core and shell once already with the former architect. My understanding is, they're moving forward again with a new architect on the C&S for a 750k sf building.

Link to comment
Share on other sites

Why would anyone devote two downtown blocks to the development of 300,000 square feet of office space, or even 1 block?

 

This is in the heart of downtown, too... 

 

Hopefully, we're going to get a mixed use project. My dream?

 

300,000 -500,000 square feet of office space

50,000 square feet of retail (street and tunnel levels)

150 room ultra high end hotel (Mandarin Oriental?)

80 high end condo units tied to the Mandarin (house keeping, room service, concierge, etc...)

 

Houston has matured enough to land one of these one would think. Hell, i could see corporate entities gobbling up the residential units rather quickly (similar to what happened at Four Seasons and One Park Place).

Link to comment
Share on other sites

This is in the heart of downtown, too... 

 

Hopefully, we're going to get a mixed use project. My dream?

 

300,000 -500,000 square feet of office space

50,000 square feet of retail (street and tunnel levels)

150 room ultra high end hotel (Mandarin Oriental?)

80 high end condo units tied to the Mandarin (house keeping, room service, concierge, etc...)

 

Houston has matured enough to land one of these one would think. Hell, i could see corporate entities gobbling up the residential units rather quickly (similar to what happened at Four Seasons and One Park Place).

 

Are there even Mardarins in the U.S.? I lived in one in Manila for a month and a half while waiting for my furniture to arrive when I moved there back in 1997, and it was nice, if unremarkable. Honestly I'd much prefer a Shangri-La with an attached Chi spa. Definitely the better of the two, and Houston definitely deserves one.

Link to comment
Share on other sites

Dunno... I'm not the developer/owner. I can tell you with all certainty though, it IS what it is.

 

 

Hmmm...Yesterday hoothrewpoo told us that they had a team of architects working on a 750,000 square foot building (post #13).

 

Less than 4 hours later he/she told us that "it's neither [450,000 or 750,000 sq ft]. Less than 450,000 for sure, probably closer to 300k."

 

Are we looking at 300,000 square feet of office space and 450,000 square feet of mixed use (hotel, retail, condos) or is hoothrewpoo throwing poo?  ;-)

 

As an aside, even a 750k project seems awfully small for 2 full blocks in the middle of downtown Houston.  Color me skeptical.  I'm thinking (hoping) the 750k building is for just one of the blocks.  

 

Maybe something like that concept rendering showing a Macy's store that we originally thought was a proposed rehab of the existing building could still happen?

Link to comment
Share on other sites

Are there even Mardarins in the U.S.? I lived in one in Manila for a month and a half while waiting for my furniture to arrive when I moved there back in 1997, and it was nice, if unremarkable. Honestly I'd much prefer a Shangri-La with an attached Chi spa. Definitely the better of the two, and Houston definitely deserves one.

 

Yes, there are Mandarins in the US.  Only a half dozen or so, but they are here.   Would be a great addition for Houston.

Link to comment
Share on other sites

Does anyone know what that approximates in terms of stories on a downtown block?

 

For a point of reference, according to the Chron, the Foleys/Macys building has 791,000 square feet... 10 floors.

 

So 300,000 square feet filling the block to the sidewalks would be about 4 stories.

Link to comment
Share on other sites

Hmmm...Yesterday hoothrewpoo told us that they had a team of architects working on a 750,000 square foot building (post #13).

 

Less than 4 hours later he/she told us that "it's neither [450,000 or 750,000 sq ft]. Less than 450,000 for sure, probably closer to 300k."

 

Are we looking at 300,000 square feet of office space and 450,000 square feet of mixed use (hotel, retail, condos) or is hoothrewpoo throwing poo?  ;-)

 

As an aside, even a 750k project seems awfully small for 2 full blocks in the middle of downtown Houston.  Color me skeptical.

 

Fair enough. No reason to spread any more misinformation then. 

Link to comment
Share on other sites

  • 4 weeks later...

I'm assuming that there are known clients looking for a big chunk of space in a new office space downtown and we are simply awaiting their decision on which proposed development they'll choose. Am i incorrect?

Do we know who these clients are and how much space they need?

Link to comment
Share on other sites

I'm assuming that there are known clients looking for a big chunk of space in a new office space downtown and we are simply awaiting their decision on which proposed development they'll choose. Am i incorrect?

Do we know who these clients are and how much space they need?

From the report you linked earlier it lists two tenants in the market at the end of the leasing activity section: Bechtel Corporation, 630,000 square feet (West Houston) and American Bureau of Shipping, 400,000 square feet (Woodlands).

It goes on to give some interesting information regarding proposed projects and other possible tenants "...18 proposed developments are being marketed for build-to-suit opportunities. Tenants such as Bechtel Corporation and ConocoPhillips are actively canvassing this region for land purchases or build-to-suits."

It makes it sound like there are just multiple tenants in the market and the proposed downtown towers are just showing them what they can have instead of a sprawling suburban campus. Although ConocoPhillips is probably more likely to buy Exxon's property in the Energy Corridor then it is to build a downtown tower it'd still be interesting to see how much space they're looking for. And I'm sure those 3 are just the tip of the iceberg when it comes to companies looking to expand in Houston as there are probably companies from out of state looking to relocate.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.


All of the HAIF
None of the ads!
HAIF+
Just
$5!


×
×
  • Create New...