Avossos Posted August 14, 2014 Share Posted August 14, 2014 East side of Houston's CBD is 96% leased. Not the building.Ah. Thanks Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted August 14, 2014 Share Posted August 14, 2014 East side of Houston's CBD is 96% leased. Not the building.Colliers claims 90% of the A and B product downtown is leased, based on this morning's BisNow (I know - two different people, two different days, two different opinions). And rents are going way up. Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted August 14, 2014 Share Posted August 14, 2014 Lets hope this spurs another 4 or 5 towers. Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted August 14, 2014 Share Posted August 14, 2014 Lets hope this spurs another 4 or 5 towers.Or one really big one... 1 Quote Link to comment Share on other sites More sharing options...
DrLan34 Posted August 14, 2014 Share Posted August 14, 2014 (edited) http://www.bisnow.com/commercial-real-estate/houston/2520-the-future-of-downtown/ "Maybe some of those residents will work at 6 Houston Center (3), which Crescent hopes to have in the dirt in the next month or so. That 30-story, 600k SF building will deliver in 2016." Edited August 14, 2014 by DrLan34 Quote Link to comment Share on other sites More sharing options...
lockmat Posted August 15, 2014 Share Posted August 15, 2014 Am I reading this wrong..? How can it be possible.Downtown is 96% occupied, not the tower. 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted August 15, 2014 Share Posted August 15, 2014 Colliers claims 90% of the A and B product downtown is leased, based on this morning's BisNow (I know - two different people, two different days, two different opinions). And rents are going way up. The BisNow article appeared to be referring to the East side of downtown and to Class A space, whereas the Colliers number is both Class A and B and all of downtown. 2 Quote Link to comment Share on other sites More sharing options...
Triton Posted August 15, 2014 Share Posted August 15, 2014 Yea, the article could have been written clearer. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted August 15, 2014 Share Posted August 15, 2014 Two different articles on two different days. Of course, we may get a third story from BisNow's Future of Downtown conference. Quote Link to comment Share on other sites More sharing options...
democide Posted September 12, 2014 Share Posted September 12, 2014 Construction begins 4Q 2014, so October 1st I assume. At least it better be. 1 Quote Link to comment Share on other sites More sharing options...
swtsig Posted September 13, 2014 Share Posted September 13, 2014 I always get a little peeved when I see the uptown building crescent is doing in Dallas when compared to 6 houston. It's almost as if they gave zero thought to the design. Quote Link to comment Share on other sites More sharing options...
democide Posted September 13, 2014 Share Posted September 13, 2014 What building in uptown Dallas are you referring to? Quote Link to comment Share on other sites More sharing options...
LarryDierker Posted September 13, 2014 Share Posted September 13, 2014 What building in uptown Dallas are you referring to? This one, I believe... and ours... 1 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted September 13, 2014 Share Posted September 13, 2014 I don't think Dallas' is that much better. It's a pretty weak design for Pelli IMO. 1 Quote Link to comment Share on other sites More sharing options...
ZKB9 Posted September 13, 2014 Share Posted September 13, 2014 I like the Dallas one better on its own, but ours is better in context. 1 Quote Link to comment Share on other sites More sharing options...
Sky-guy Posted September 13, 2014 Share Posted September 13, 2014 (edited) The Dallas one was canceled long ago... I think Edited September 13, 2014 by Sky-guy Quote Link to comment Share on other sites More sharing options...
fkp5 Posted September 13, 2014 Share Posted September 13, 2014 The Dallas one was canceled long ago... I think I'm pretty sure that the Dallas one is under construction right now, not cancelled. 1 Quote Link to comment Share on other sites More sharing options...
JoninATX Posted September 14, 2014 Share Posted September 14, 2014 The Dallas one is U/C. The tower is called McKinney & Olive tower. Here's their website: http://www.mckinneyandolive.com/ Btw there is nothing wrong with the design of 6 Houston Center, to me it looks nice. Plus I wouldn't get carried away, atleast you guys have a nice signature tower going up. Can't say that about Dallas. No offense Dallas. 1 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted September 14, 2014 Share Posted September 14, 2014 Nothing fascinating about either building. At least we are getting 608 main. International tower would be icing. Especially if it's a taller version Quote Link to comment Share on other sites More sharing options...
Triton Posted October 30, 2014 Share Posted October 30, 2014 Expect more delays with this one (...already waiting for a Houston19514 response). I'm still not worried at this point and for me it's a matter of "when" not "if"... just a few things have delayed this project and hopefully I'll be able to speak about it later once construction begins. Something could change in November or December but I honestly wouldn't expect this to start this year... certainly possible for a Q1 2015 start. 4 Quote Link to comment Share on other sites More sharing options...
democide Posted October 30, 2014 Share Posted October 30, 2014 Please do remember to tell us about those things that delayed construction, when you can, thanks. Quote Link to comment Share on other sites More sharing options...
Triton Posted October 30, 2014 Share Posted October 30, 2014 Please do remember to tell us about those things that delayed construction, when you can, thanks. Some of these "things" include the same factors that are affecting other projects in the Houston area (limited supplies, factoring in rapidly rising construction costs, etc.). A big factor, though, is Cresent itself who is watching the market... there is now a "trigger" for when it will begin construction. I'd like to say a lot more but that's all I can say right now. 2 Quote Link to comment Share on other sites More sharing options...
fkp5 Posted October 30, 2014 Share Posted October 30, 2014 (edited) Do you know if this building will still be completed before the Super Bowl? Edited October 30, 2014 by fkp5 Quote Link to comment Share on other sites More sharing options...
Subdude Posted October 30, 2014 Share Posted October 30, 2014 Some of these "things" include the same factors that are affecting other projects in the Houston area (limited supplies, factoring in rapidly rising construction costs, etc.). A big factor, though, is Cresent itself who is watching the market... there is now a "trigger" for when it will begin construction. I'd like to say a lot more but that's all I can say right now. Do they look at things like interest rates, oil prices, etc? If so I could see why they might want to wait until things shake out. Quote Link to comment Share on other sites More sharing options...
Avossos Posted October 30, 2014 Share Posted October 30, 2014 Some of these "things" include the same factors that are affecting other projects in the Houston area (limited supplies, factoring in rapidly rising construction costs, etc.). A big factor, though, is Cresent itself who is watching the market... there is now a "trigger" for when it will begin construction. I'd like to say a lot more but that's all I can say right now. Doesn't make me feel great that there is a 'trigger'. If they expect a trigger soon, why not start it now? Trigger means, it possibly could never be pulled. 1 Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted October 31, 2014 Share Posted October 31, 2014 I'm pretty sure that the Dallas one is under construction right now, not cancelled.Correct. They started digging the hole earlier in the Summer. 1 Quote Link to comment Share on other sites More sharing options...
Triton Posted December 3, 2014 Share Posted December 3, 2014 It's fascinating looking at the history of this project in the most recent cycle we are in. The construction documents were completed, they registered for LEED certificates, the financing was in order..... but it appears they waited too long yet again. The drop in oil prices have severely hurt this project. The plan was to move forward speculatively but they will no longer move forward unless a tenant is signed. They don't want to be stuck with a nearly empty tower even if they have the money in place. Construction was imminent over the summer months but the mindset of "wait and see" took over along with some internal related issues. I won't say this project is dead... there definitely is commitment behind it and I'm still willing to put my salary on the line that it will eventually be built but it may take some time. This information is several weeks old and I don't have a most recent update but I doubt they have secured a tenant since then. Oil prices aren't forecast to stabilize until mid-2015 at the earliest but there could be a non-oil related company that takes advantage of this tower. 2 Quote Link to comment Share on other sites More sharing options...
bobert Posted December 3, 2014 Share Posted December 3, 2014 I'm think waiting was to their benefit. No one wants an empty tower. Quote Link to comment Share on other sites More sharing options...
Avossos Posted December 3, 2014 Share Posted December 3, 2014 It's fascinating looking at the history of this project in the most recent cycle we are in. The construction documents were completed, they registered for LEED certificates, the financing was in order..... but it appears they waited too long yet again. The drop in oil prices have severely hurt this project. The plan was to move forward speculatively but they will no longer move forward unless a tenant is signed. They don't want to be stuck with a nearly empty tower even if they have the money in place. Construction was imminent over the summer months but the mindset of "wait and see" took over along with some internal related issues. I won't say this project is dead... there definitely is commitment behind it and I'm still willing to put my salary on the line that it will eventually be built but it may take some time. This information is several weeks old and I don't have a most recent update but I doubt they have secured a tenant since then. Oil prices aren't forecast to stabilize until mid-2015 at the earliest but there could be a non-oil related company that takes advantage of this tower.All I will say is a tenant rather sign with a new tower that is under construction than one that May or may not happen. The logger they wait to start this, the more they are screwing themselves. Same philosophy goes with many other things, including midstream. 2 Quote Link to comment Share on other sites More sharing options...
Fortune Posted December 3, 2014 Share Posted December 3, 2014 Get off the pot if your not going to This should have been the first building to go up during the current boom. They have been planning this building for idk how many years and it still hasn't gone up. Just like last time they have sat on thier behinds and missed another opportunity to get this building built. I just don't understand why they continue to go thru the process of announcing a groud breaking releasing renderings and the whole deal to not build it. 2 Quote Link to comment Share on other sites More sharing options...
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