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Five Oaks Place/BHP Billiton: Office Tower In Uptown


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that rendering is that of Five Oaks Place, in case that hasn't already been determined. same rendering that has been out for a while, although maybe not public. it was to be 35 stories, making it the largest in the complex (1330 post oak is 30 stories). BHP just renewed and expanded at 1360 post oak, taking the entire building plus a few floors at 1330 i believe.

petrohawk occupies somewhere around 120-150K sf at wells fargo and their lease runs thru 2012 or thereabouts. it is way too early to tell what BHP plans on doing, although a bts wouldn't be out of the realm of possibilities with the way they have been expanding. that said, i have heard nothing substantial concerning 5OP.

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This is the view from the crane. By Kyle Tse on Flickr  

BHP Billiton Tower by Bryan Malloch, on Flickr

Look at how the Randal Davis Parking garages scar this view. A shame. He couldn't even put plants over it.

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I believe it means they want permission to construct a building that is 15' back from the road (or the property line).

More importantly, it means that something is happening with this site, and this tower may well be going up.

which is somewhat strange since i was under the impression that TIAA-CREF was actively shopping 4 Oaks Place in the market.

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24 Hour Fitness on 1550 Post Oak Blvd got a notification from their property owner that they will have to vacate within 45 days. Because of that, they will be closing this month. I think the date of closure is January 27, 2012.

I have been going to this gym for years and will certainly miss it.

Edited by blueskies
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BHP bought thier building. It wasn't by choice.

Unlikely. While the closure of 24 Hour Fitness was not 24 Hour Fitness's choice, it is unlikely that BHP bought the building. TIAA-CREF has owned the 24 Hour Fitness building for quite some time. They also own 4 Oaks Place, including the building known as BHP Billiton Tower. As discussed elsewhere, this is part of TIAA-CREF's plan to build another tower in the complex (perhaps a portion of which might be occupied by BHP, who knows?).

Edited by Houston19514
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Two Words: Dynamic Blocks

Same curtain wall vendor, same architect, same look; so I stand by my comment.

Well, if that's the standard, then, yes, the Four Oaks Place design (and no doubt any number of other Pickard Chilton designed skyscrapers) is essentially identical to the Devon tower, as you first suggested (without the height and the tapering).

But of course, they are not identical (except for the height and tapering). Far from it. Most people are not going to think a square building (such as the Four Oaks Place design) is essentially identical to the Devon Tower (which is six-sided or triangular, or almost round-ish, depending on how you count the surfaces).

Edited by Houston19514
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Amazing how this project came back from the dead. The more density on Post Oak, the better. I wonder if its the angle of the rendering makes it look taller then Aon, or about the same height.

Which building are you referring to as Aon? Is that 1330 Post Oak Blvd? 1330 Post Oak Blvd is 30 stories and the Four Oaks Place presentation says the new building (1500 Post Oak Blvd) is also going to be 30 stories. I am guessing that will make it a little taller than 1330 Post Oak Blvd.

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Which building are you referring to as Aon? Is that 1330 Post Oak Blvd? 1330 Post Oak Blvd is 30 stories and the Four Oaks Place presentation says the new building (1500 Post Oak Blvd) is also going to be 30 stories. I am guessing that will make it a little taller than 1330 Post Oak Blvd.

Well I guess they took the Aon sign down after the economy tanked... Like AIG on America Tower... Whatever the middle triplet is formally named.

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Amazing how this project came back from the dead. The more density on Post Oak, the better. I wonder if its the angle of the rendering makes it look taller then Aon, or about the same height.

The website I got the rendering from says it will be the tallest building among the ones in the photo.

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I spoke to my friend about this again at lunch today. They said:

"It's still not been announced yet."

Which to me sounds alot like "It's a rumor." Maybe you guys are right. We'll see. She said they were going to move everyone downtown, demo the 24 hour fitness building and build a new tower in int's place. Then move everyone back. My question, which I didn't ask at the time, was why move people that aren't in the 24 hours fitness building anyway. I'll see if I can clarify that later.

Edited by SpringShadows
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I spoke to my friend about this again at lunch today. They said:

"It's still not been announced yet."

Which to me sounds alot like "It's a rumor." Maybe you guys are right. We'll see. She said they were going to move everyone downtown, demo the 24 hour fitness building and build a new tower in int's place. Then move everyone back. My question, which I didn't ask at the time, was why move people that aren't in the 24 hours fitness building anyway. I'll see if I can clarify that later.

With respect, I think your friend is not a good source.

The idea that BHP would move everyone downtown for 2 years or so, so that they can build a building next to the buildings they currently occupy is, well, ridiculous. They have a lease on their current space unit 2021. Even if they wanted to make such a nonsensical move, I'm not sure they could find that large of a block of space to lease in downtown Houston right now. But more to the point... What possible reason would there be for doing such a thing? I am very confident in saying: Not Happening.

Edited by Houston19514
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IIRC, the Aon sign on 1330 Post Oak Blvd. was removed not long after part of it fell 30 stories to the ground (during Ike, I think).

I'm guessing that construction at the 1550 location might start fairly soon. Demo of the health club could start soon after it closes (on Jan. 27, according to Nancy S.'s blog). Also, there won't be any pre-leasing requirements that could delay financing, since TIAA-CREF plans to self-finance (assuming that the info in the 2008 HBJ article on this project is still valid).

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...just to clarify, I didn't mean that they were abandoning the current towers, they are expanding. Thus, some departments are moving in preperation for the new building. The current BHP buildings are going to stay BHP.

Still makes absolutely no sense. Why would anyone have to move out of the current buildings? It is not as though BHP has people working in the 24 Hour Fitness Building.

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Last night, the parking at the Galleria location is already getting bad again after the New Year Resolution minions died off. I had to park over down by Aaron Brothers...it was 7:00 p.m. and it was that full, which is typically when the after work crowd leaves.

I am guessing, some people got a head start and changed their routine by avoiding Post Oak.

Again, their last day is this Friday.

I hope they build another gym in the area, or else it will be a long wait for machines.

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I think I may have figured out the key to Spring Shadow's source's confusion. BHP recently bought PetroHawk, whose offices are downtown. Perhaps they are consolidating departments with PetroHawk, which may require shifting some people from downtown to uptown and vice versa, with the plan to consolidate them all uptown when the new building is completed. I am only speculating, but it makes some sense based on the BHP rumor mill (which, as is usually the case with rumor mills, may have gotten it almost half right.)

That does not mean that BHP bought the fitness building or is the builder/developer of the new building. And it does not mean they are moving people out of their current offices for the construction of the new tower.

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http://www.bizjournals.com/houston/news/2012/01/31/apache-expands-office-at-post-oak.html

Pure speculation, but to me seems plausible that this could be the building they are talking about...

"Houston-based Apache (NYSE: APA) had been considering its real estate options, including possibly pre-leasing space in a proposed office building that would not be built without a commitment from a lead tenant."

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http://www.bizjourna...t-post-oak.html

Pure speculation, but to me seems plausible that this could be the building they are talking about...

"Houston-based Apache (NYSE: APA) had been considering its real estate options, including possibly pre-leasing space in a proposed office building that would not be built without a commitment from a lead tenant."

odds are they were considering a couple of different options in the Galleria and elsewhere, including BLVD place and perhaps five oaks. seeing as their lease was up next year a five year extension for a deal of this size is essentially a short term renewal so it doesn't take any build-to-suit opportunities off the table... it just buys them more time.

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odds are they were considering a couple of different options in the Galleria and elsewhere, including BLVD place and perhaps five oaks. seeing as their lease was up next year a five year extension for a deal of this size is essentially a short term renewal so it doesn't take any build-to-suit opportunities off the table... it just buys them more time.

Excellent point.

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30 story with a 7 story parking garage. The drawings reflect the rendering that Houston 19514 posted. DE Harvey is looking to be busy again in the future: Anadarko II, Exxon/Mobil, 1500 Post Oak, and a few others in the works.

Per a construction search engine, it is saying there is an office building with an estimated start date of March 2012 in the 77056 zip code. Bid date says "ASAP." It was last updated Jan 24.

The only other buildings under construction in the Galleria area is Skanksa and BBVA, no? And they have already broken ground.

Nancy's article a few weeks ago mentions a 2008 article, which is HBJ's. In it says,

The owner needed city approval to build the structure 15 feet away from Post Oak instead of the standard 25 feet. The setback change, granted last week, applies on Post Oak from Four Oaks Place Drive to West Briar Lane. The building will be located closer to the street in keeping with guidelines being developed for the future rail corridor.

http://www.bizjourna...f=et63&ana=e_du

Edited by lockmat
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Per a construction search engine, it is saying there is an office building with an estimated start date of March 2012 in the 77056 zip code. Bid date says "ASAP." It was last updated Jan 24.

The only other buildings under construction in the Galleria area is Skanksa and BBVA, no? And they have already broken ground.

Nancy's article a few weeks ago mentions a 2008 article, which is HBJ's. In it says,

http://www.bizjourna...f=et63&ana=e_du

Something at BLVD place could however be a culprit.

Edited by Nick_G
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I've heard that 24-Hour Fitness will not be a tenant in the new building (contrary to the 2008 buzz for the earlier incarnation of the project). However, there is a rumor that the big oil co across the street is considering leasing space there for an employee health-club facility.

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  • Highrise Tower changed the title to Five Oaks Place/BHP Billiton: Office Tower In Uptown

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