Houston2010 Posted September 2, 2008 Share Posted September 2, 2008 This project is D-E-A-D. The large tenant in the market that was their saving grace is not going to this building. Maybe next cycle... 1 Quote Link to comment Share on other sites More sharing options...
swtsig Posted September 2, 2008 Share Posted September 2, 2008 This project is D-E-A-D. The large tenant in the market that was their saving grace is not going to this building. Maybe next cycle...well now the question that arises is where is this large tenant moving, if it all? and could this large tenant occupy the alledged 50% brookfield is requiring for 5AC?inquiring minds want to know. Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted September 3, 2008 Share Posted September 3, 2008 I knew it... Quote Link to comment Share on other sites More sharing options...
Gary Posted September 3, 2008 Share Posted September 3, 2008 I knew it...LOL!!!! I've got a good shrink, if you need his number let me know. Quote Link to comment Share on other sites More sharing options...
McGillicuty Posted September 4, 2008 Share Posted September 4, 2008 Not true. Not sure where you are getting your info, but my source tells me that a lease has been finalized and is ready for signature. This deal is DONE and a press release will be issued very soon. Quote Link to comment Share on other sites More sharing options...
bkjones98 Posted September 4, 2008 Share Posted September 4, 2008 Not true. Not sure where you are getting your info, but my source tells me that a lease has been finalized and is ready for signature. This deal is DONE and a press release will be issued very soon.A deal cannot be "done" if it is only "ready for a signature." Quote Link to comment Share on other sites More sharing options...
McGillicuty Posted September 4, 2008 Share Posted September 4, 2008 A deal cannot be "done" if it is only "ready for a signature."Thanks Poindexter Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted September 4, 2008 Share Posted September 4, 2008 Ah... any details? Quote Link to comment Share on other sites More sharing options...
Houston2010 Posted September 4, 2008 Share Posted September 4, 2008 I'll say it again. DEAD. Quote Link to comment Share on other sites More sharing options...
Daniepwils Posted September 4, 2008 Share Posted September 4, 2008 There are preleases on this property as well as active permits. Quote Link to comment Share on other sites More sharing options...
bkjones98 Posted September 4, 2008 Share Posted September 4, 2008 Thanks PoindexterGood reply. Quote Link to comment Share on other sites More sharing options...
McGillicuty Posted September 4, 2008 Share Posted September 4, 2008 I'll say it again. DEAD.Are you sure you have a reliable source...its a done deal. Watch the papers (chronicle, hbj or globest.). the deal, I heard, was leased and presold before a shovel hit the ground. Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted September 4, 2008 Share Posted September 4, 2008 There are preleases on this property as well as active permits.Oh? 'splain. Quote Link to comment Share on other sites More sharing options...
Daniepwils Posted September 4, 2008 Share Posted September 4, 2008 (edited) Oh? 'splain. I can't or I will be in serious trouble. Edited September 4, 2008 by Daniepwils Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted September 10, 2008 Share Posted September 10, 2008 I can't or I will be in serious trouble. PM me. Quote Link to comment Share on other sites More sharing options...
Houston2010 Posted September 11, 2008 Share Posted September 11, 2008 If the tenant you are referring to begins with the letter after 'G'....I think that ship sailed a long time ago. So long ago in fact, that Discovery Tower is currently making changes to their building to accomodate the tenant that begins with the letter after 'G'.Its dead. Quote Link to comment Share on other sites More sharing options...
McGillicuty Posted September 15, 2008 Share Posted September 15, 2008 My source told me that is exactly what Crescent did to accomodate the tenant beginning with H. check your sources pal. Quote Link to comment Share on other sites More sharing options...
MyEvilTwin Posted September 16, 2008 Share Posted September 16, 2008 My source told me that is exactly what Crescent did to accomodate the tenant beginning with H. check your sources pal. Woo Hoo! HAIF finally gets a physical home in a new tower befitting its extraordinary internet stature!! Er... No? Quote Link to comment Share on other sites More sharing options...
RealEstate Posted September 17, 2008 Share Posted September 17, 2008 My source told me that is exactly what Crescent did to accomodate the tenant beginning with H. check your sources pal.Once again McGillicuty, I have to call you out, man. You are quickly becoming a volcano that spews misinformation under the blanket of news from alleged "sources." Have you and your alleged "source" not been reading the news? Lehman filed for Ch 11, AIG got bailed out and MS shares are down over 30% today to sub-$20 levels. Both you and your"source" at Crescent are wishful thinkers.Plus, I spoke with my own "source" earlier today. Who I will add, is a real person that is intimately familiar with the He$$ deal. He confirmed that He$$'s deal at 6 HC is DEAD and has been dead for some time. They are down to two options: backfilling Devon's space at Allen Center or Discovery Tower, with TCC willing to redesign Discovery to accommodate. 6HC is on hold indefinitely and will likely not be built until markets return to normal. I personally wish it weren't so, but it's time to accept reality and move on. Quote Link to comment Share on other sites More sharing options...
totheskies Posted September 17, 2008 Share Posted September 17, 2008 My source told me that is exactly what Crescent did to accomodate the tenant beginning with H. check your sources pal.Yes, I know exactly who you're talking about....H. Ike, Katrina, and Rita Mutual Insurance... "after we're done with you, EVERYONE will need some help!" Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted September 24, 2008 Share Posted September 24, 2008 So... no? I've not seen anything there... Quote Link to comment Share on other sites More sharing options...
ChannelTwoNews Posted October 3, 2008 Share Posted October 3, 2008 It's once again a parking lot. It was immediately after the hurricane, and over the past few days there's been someone sitting next to a sign with the parking rates. Lot seemed relatively sparse though. Quote Link to comment Share on other sites More sharing options...
rsb320 Posted October 3, 2008 Share Posted October 3, 2008 The refinancing of 5 Houston Center has been approved. (GlobeSt.com) I wonder if this will affect the securing of financing for 6 HC. Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted October 3, 2008 Share Posted October 3, 2008 The refinancing of 5 Houston Center has been approved. (GlobeSt.com) I wonder if this will affect the securing of financing for 6 HC.In addition, Crescent just sold One Briar Lake Plaza for an estimated $134 million and have the 3 building Post Oak Central up for sale at $240 million. Next week's HBJ reports it's also shopping about half of its Greenway Plaza holdings... Quote Link to comment Share on other sites More sharing options...
totheskies Posted October 17, 2008 Share Posted October 17, 2008 In addition, Crescent just sold One Briar Lake Plaza for an estimated $134 million and have the 3 building Post Oak Central up for sale at $240 million. Next week's HBJ reports it's also shopping about half of its Greenway Plaza holdings...Hmm... sounds like they're trying to shore up liquidity. But without any tennants, can you really get the financing approved? Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted October 17, 2008 Share Posted October 17, 2008 Not sure but I hope they build it. It looks like a really nice building and would add to the area. Quote Link to comment Share on other sites More sharing options...
Daniepwils Posted October 17, 2008 Share Posted October 17, 2008 (edited) They are looking to sell some, if not all of Greenway. I think 6 Houston is on hold as there is no work active right now on the project.The refinancing of 5 Houston Center has been approved. (GlobeSt.com) I wonder if this will affect the securing of financing for 6 HC. Not sure, but Crescent doesn't own 5 Houston, Well's Reit does. Edited October 17, 2008 by Daniepwils Quote Link to comment Share on other sites More sharing options...
Daniepwils Posted December 1, 2008 Share Posted December 1, 2008 6 Houston Center is officially "on hold indefinitely" i.e. dead! (not like anyone didn't see that coming) Quote Link to comment Share on other sites More sharing options...
lockmat Posted December 2, 2008 Share Posted December 2, 2008 6 Houston Center is officially "on hold indefinitely" i.e. dead! (not like anyone didn't see that coming)We're assuming you have a source. But yeah, not that my hunches have any merit, but I wasn't really expecting it to go up either. I'm guessing it had more to do with the economy and not so much with the project itself. Maybe the next question is if the same thing will go up in better times. Quote Link to comment Share on other sites More sharing options...
lockmat Posted February 27, 2009 Share Posted February 27, 2009 the 6houstoncenter.com website goes straight to the mother site now. I'm glad cuz I hate it when the project is dead but the site remains. Quote Link to comment Share on other sites More sharing options...
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