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Found 8 results

  1. The Link! I think if it could be better integrated into the Houston Center Mall, that entire area could be a "Point of interest" to business travelers.
  2. Does anyone remember this event? I think it was held in the late 90s and early 2000s downtown. I don't recall if it was 2000 or 2001, but I went with a group from my High School. The full name of it may have been "Come Join... The Human Race" since I seem to remember hearing that in a bunch of commercials they ran for the event. May have been on our shirts too. I recall it started at the The Park Shops, went down Allen Parkway by Eleanor Tinsley Park or Montrose Blvd and then looped back to The Park. I think it was a late winter or early spring event since it was held in the afternoon and temperatures were neither too hot or too cool. Enron was a sponsor and Ken Lay was one of the participants. He and his entourage were going at a decent clip just before the turnaround along the Bayou. I can proudly say I smoked them at low speed for like 2 minutes - but then I started getting tired and they passed me. Pretty much walked with friends the rest of the way back to the Park and crashed at the Roman Delight Pizza there. It seemed like it was about the only restaurant open at that point, so they made a killing that day I assume.
  3. 1. Yes, it was originally planned to be located at 1550 Smith St, reaching 904 feet and (I think) it was supposed to have a similar crown to the current Continental Center building. According to emporis, it was actually supposed to be called "Cullen Bank Tower II." I can't find a rendering for it, but we will soon have the Chevron building going up in that neck of the woods anyways. 2. I can't find the rendering for it, either...although I think I've seen one before. That said, if what Subdude is saying is true, I would tend to agree with him...and I'd update the list to add a building cluster in the Memorial area of west Houston called Resource Center, even though that was supposed to be three or four buildings. I also really would have liked to have seen the Shamrock Hotel (although I think this is where 609 Main will be going up), Four Houston Center (55 stories and 860 feet), the Redstone, the Monaco, Five Westlake Park, the First Capital office and apartment towers in the West Loop area and the Boymelgreen Condos at Voss & San Felipe built. I would trade the Mercer in for a bag of Doritos if I could. Did not know about that one. Sounds like it could have been a winner.
  4. We received this news release today: --:-- Crescent Sells 5 Houston Center Record Sale Realizes Joint Venture Promoted Interest FORT WORTH, Texas--(BUSINESS WIRE)--Dec. 21, 2005--Crescent Real Estate Equities Company (NYSE:CEI) announced today that it has sold 5 Houston Center on behalf of Crescent 5 Houston Center, L.P., the joint venture which owns the office property. The office property was sold for $166 million, or $286 per square foot, resulting in a merchant building gain to Crescent of approximately $25 million, including a promoted interest earned of approximately $13 million. John C. Goff, Crescent's vice-chairman and chief executive officer, commented on the sale, "We are very pleased with the sale of 5 Houston Center and realizing our first promoted interest in our office joint venture program. When we modernized our office business and initiated our office joint venture strategy, we told the market that this program would increase our operating return on equity by 300 to 600 basis points, as well as generate significant promoted interest income. The sale of 5 Houston Center produced an overall gain of approximately $25 million to Crescent, including an approximate $13 million promoted interest. The sale was at $286 per square foot, a record for Houston." Mr. Goff continued, "We had estimated the value of the promoted interest for our existing joint ventures on our third quarter 2005 earnings conference call to be in the range of $90 million to $100 million. We expect to continue harvesting these promoted interest gains for our shareholders in the future." Crescent completed the development of 5 Houston Center in a 75%/25% joint venture with an affiliate of JPMorgan Asset Management in 2002. Crescent will continue to manage the property for the new owner, Wells Real Estate Investment Trust II, Inc. 5 Houston Center is currently 95.5% occupied. --:-- Here's some pictures of the building:
  5. I think this is starting to be an interesting trend downtown. 1301 McKinney recently completed a similar project in one part of the building and they had just closed off another part and I suspect they're going to do the same thing. There are a number of buildings aorund town in which this would improve the look of their buildings. Besides, it'll give the smokers a place to stand in the shade.
  6. I hate to do this again, but this is the only way I seem to get a responce For 2 Houston Center (on HAI) there are 2 photos of 1 Houston Center. They should be on the 1 Houston Center page, not 2 Houston Center!
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