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Showing content with the highest reputation on 01/16/2021 in all areas

  1. It's official. Building permits issued! Sitework, foundation, and shell adding up to $117 million.
    15 points
  2. Skanska drew inspiration from Bank of America Tower for new downtown Houston project By Jeff Jeffrey – Reporter, Houston Business Journal Jan 14, 2021, 2:29pm CST The design for Skanska USA Commercial Development’s new 28-story office project adjacent to Discovery Green in downtown Houston was influenced by the company’s experience building Bank of America Tower, executives with the company told the Houston Business Journal during a Jan.14 interview. Matt Damborsky, executive vice president for Skanska USA Commercial Development’s Houston market, said after seeing how successful Bank of America Tower’s amenity terraces were with tenants, the company made sure to include similar terraces that overlook the 12-acre Discovery Green park in its new project, dubbed 1550 on the Green. Skanska’s new 375,000-square-foot office tower will be located at 1550 Lamar St. “We learned while we were building Bank of America Tower, as well as similar projects across the U.S. and around the world, that tenants really like to have that third place where they can work,” Damborsky said. “In this case, the entire building overlooks the park, so we wanted to make sure we were doing what we could to bring the park into the building.” Bank of America Tower, which opened at 800 Capitol St. in May 2019, has an outdoor amenity deck on the 35-story building’s 12th floor, as well as a retail and restaurant lobby on the bottom floor, which the company named Understory. The plans for 1550 on the Green include two tenant-only terraces and an additional terrace on the roof deck that the public will be able to rent as an event space, Damborsky said. While the plans for 1550 on the Green are still being finalized, Skanska and its design team are also considering ways to activate the building’s lobby to make it more inviting to tenants and members of the public who might be looking for a place to grab a bite to eat. “We’re considering various uses,” Damborsky said. “The obvious component is food and beverage. We’re open to everything from a fast-casual restaurant to fine dining. But we might be also do something like the walk-up food and beverage places we have seen be successful at other downtown buildings.” The design team making those decisions includes the BIG-Bjarke Ingels Group, an international design firm that chose to make 1550 on the Green its first project in Texas, as well as Austin-based architect Michael Hsu, who was brought on to design the interior amenity spaces. Hsu also designed Bank of America Tower's Understory culinary market. “We are very excited to have Michael Hsu on board because he’s known for creating interesting retail and amenity spaces that become a destination,” Damborsky said. That said, Damborsky noted that Bank of America Tower’s influence on 1550 on the Green wasn’t just limited to the layout of the building. The project will also have many of the touchless technology systems that Bank of America Tower incorporated into its design — systems that took on new importance in the wake of the Covid-19 coronavirus pandemic. “Not only do those systems provide an additional level of convenience, they are important to protecting the health and wellness of the employees working there,” Damborsky said. “We want to make entry into the office as easy as possible. As with Bank of America Tower, we want to include systems that call the building’s elevators as soon as an employee badges into the building. We also want to have systems in place, so that planned visitors can be put on a list to make their access into the office as easy as possible, as well.” Skanska plans to announce the construction timeline for 1550 on the Green after it receives all of the required permits. Records filed with the Texas Department of Licensing and Regulation show that construction of the building could begin as early as June 1, with an estimated completion date of May 1, 2023. The initial phase of the project is expected to cost $117 million, according to the TDLR filing. Once 1550 on the Green is completed, the building will include two basement levels of parking, six levels of above-ground parking, 20 floors of office space and a mechanical penthouse. There will be 7,000 square feet of ground-floor retail. Norton Rose Fulbright, one of the largest law firms in Houston, has already signed on as the first tenant in the tower. Norton Rose Fulbright has more than 175 lawyers in its Houston office and currently is based in the Fulbright Tower, at 1301 McKinney St., part of the Houston Center complex downtown. The firm will relocate in 2024 and have naming rights in Skanska's new tower, where it will occupy 32% of the office space. Skanska acquired the property at 1550 Lamar St. in 2019 as part of a $55 million deal to buy four downtown parking lots from MIPS Investments LLC and MIPS Parking LLC, which Skanska said would be used for a then-unnamed mixed-use development. 1550 on the Green will occupy two of those parcels. Damborsky said Skanska still has not decided exactly what the remaining two parcels will be used for, but the company plans to call its mixed-use district Discovery West. "Right now, we're going to focus on making 1550 on the Green a truly spectacular project," he said.
    8 points
  3. Bird-Eye View of construction crane being dismantled this morning.
    5 points
  4. This should be breaking ground in the next few weeks. SWPPP signage Vaughn office trailer signage Portable toilets & handwashing Entrance 35 signage removed
    3 points
  5. Ion - Tenant Infrastructure
    3 points
  6. William C Harvin Blvd is now closed to through traffic.
    3 points
  7. Building Inspired by nature and the waterways of Houston, Fitzroy Residences towers 32 stories high — and houses 191 condominiums, plus hotel rooms and amenities. The exterior features waves of curvy slabs, while the interior reflects Midtown’s fresh and urban feel. Anticipated ground breaking mid-2021. Estimated completion date late 2023.
    3 points
  8. This is probably one of the most underrated projects in the area it really brings a different vibe to Post Oak little by little. 😏
    3 points
  9. Harvey is done at the site? This building is amazing! Everything about it is gold.
    2 points
  10. Leadership Series: Sid Sanders, Houston Methodist https://info.healthspacesevent.com/blog/leadership-series-sid-sanders-houston-methodist
    2 points
  11. Does anyone know if there is anything similar to the TMC3 design? If not this may become Houston's iconic structure.
    2 points
  12. Is there a plan view of this? Just trying to visualize how this wraps around the hotel. Part of that space appears quite narrow.
    2 points
  13. It was 390' going off of the massing chart, so it should be pretty substantial in comparison to the surrounding area. It will eventually be dwarfed by the 3 others towers in this development if I got my expectations in check, to bad this part was shrunk due to what I suspect is a horrible period for hotels.
    2 points
  14. Link: https://www.bizjournals.com/houston/news/2021/01/15/caydon-announces-condo-hotel-project.html This from Houston Business Journal? There's also some more information about the full development in the article. Types of Units and Cost 16 studios with an average size of 567 square feet, starting at $279k 128 one bedroom ranging from 630 to 1099 square feet, starting at $285k 86 two bedroom ranging from 1107 to 2167 square feet, starting at $730k 4 three-bedroom penthouses ranging from 1686 to 2234 square feet, starting at $1.45 million. rest of project I don't know if this is new news, but it's a good reassurance that they're still planning to build the other towers.
    2 points
  15. As a lower middle class slob I wish I had more opportunities to wear a suit sometimes. I happen to think I look good in one. But yeah, going to work everyday like that would be awkward. It's nice to look good in the office though, I have co-workers who come in with t-shirts with holes in them and I'm like, really?
    2 points
  16. On the ground floor, tenants and guests will have access to 7K SF of retail as well as a lobby with touchless security turnstiles, app-based guest registration and destination dispatch elevators. The building’s floor plates will range from 16K SF to 26K SF. Austin-based architect Michael Hsu has been tapped to design the interior amenity spaces, which include a fitness center, rooftop event space and terrace on level 28, and community spaces throughout the property.
    2 points
  17. https://www.instagram.com/p/CJ_0arWlob3/?utm_source=ig_web_copy_link
    2 points
  18. I didn't see this posted yet and definitely has new information i didn't know... regarding different sections of shops on 2 stories within the Zadok portion of the building...sounds super nice! https://usa.watchpro.com/zadok-jewelers-supersize-expansion-and-relocation-brings-fresh-level-of-luxury-to-houston-watch-market/
    2 points
  19. Trump branded twin towers; The Moscow Mule and The White Russian.
    2 points
  20. Sounds like a good fit for new Rockets players going forward 😝
    1 point
  21. Houston is getting a Bjarke Ingels??? That's HUGE. I'm so excited for that.
    1 point
  22. Owning makes sense if you intend on living in some place for at least 7 years. The transaction costs in and out, and the fluctuations in the market , make short term ownership risky and expensive. If you are a consultant, lawyer, investment banker or corporate professional and your career path includes moving from office to office or moving from one employer to another, potentially in another city, then ownership isn't that desirable.
    1 point
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