Jump to content
UrbaNerd

Six Houston Center

Recommended Posts

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.

Share this post


Link to post
Share on other sites

The refinancing of 5 Houston Center has been approved. (GlobeSt.com) I wonder if this will affect the securing of financing for 6 HC.

Share this post


Link to post
Share on other sites
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...

Share this post


Link to post
Share on other sites
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?

Share this post


Link to post
Share on other sites

Not sure but I hope they build it. It looks like a really nice building and would add to the area. :)

Share this post


Link to post
Share on other sites

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 by Daniepwils

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

^ Wow, this guy was really good, with dead on info predicting the future.

I wonder why he never posted again, insiders like him and swstig and hoothrewthepoo are the highlight of HAIF for me. Their inside info posts are like knowing what you got for christmas before opening your presents.

  • Like 2

Share this post


Link to post
Share on other sites

Cool but... i do believe 6HC is indeed dead... right?

 

I read somewhere that it was being redesigned but I don't know.

Edited by TowerSpotter

Share this post


Link to post
Share on other sites

I love how it sort of folds inward a bit, also maybe its just this rendering, but doesn't it look like lights up?

Share this post


Link to post
Share on other sites

I love how it sort of folds inward a bit, also maybe its just this rendering, but doesn't it look like lights up?

 

I like that it folds inward too, what lights?

Share this post


Link to post
Share on other sites

I like that it folds inward too, what lights?

 

The lights at the base that also accentuates the inward fold. I don't know if it is supposed to be indicative of the final product or just added to enhance the rendering.

Share this post


Link to post
Share on other sites

Too many spec proposals for DT and not enough tenants it seems. I hope this doesn't get built at the cost of losing 609 Main or the Steam building.

  • Like 1

Share this post


Link to post
Share on other sites

Too many spec proposals for DT and not enough tenants it seems. I hope this doesn't get built at the cost of losing 609 Main or the Steam building.

I don't think it will affect 609 Main, since they plan to break ground around the same time as well. I also think Skanska will build Capitol Tower. For International Tower, if we don't hear an official announcement before next year, well..

  • Like 1

Share this post


Link to post
Share on other sites

I think International Tower has a more interesting location, so I hope that aspect will lead it to being built, too.  

 

Not that it would matter to the developers (I suppose), but it might be fun to work there and live in the Hines tower next door.  What an easy commute!

Share this post


Link to post
Share on other sites

So if this goes through, next year on Rusk alone we could be seeing construction on Capitol Tower, the 806 Main Marriot, Texaco renovation, 6 Houston Center, HSPVA, Hyatt Place/Hampton Inn block, and the Marriot Convention Center.  Amazing.  Like 1982, all over again. 

  • Like 2

Share this post


Link to post
Share on other sites

The renderings above may not be for the final design. Read somewhere that HKS is still the architect but can't seem to find it now.

Share this post


Link to post
Share on other sites

Too many spec proposals for DT and not enough tenants it seems. I hope this doesn't get built at the cost of losing 609 Main or the Steam building.

You seem to be right, because after adding up all the none owner-occupied office buildings proposed it comes out to quite a bit of space:

800 Bell Redevelopment - 1.3 Mil

609 Main - 1 Mil

5 Allen Center - 1 Mil

International Tower ~ 750k

Capitol Tower - 700k

6 Houston Center - 600k

Since 800 Bell, 609 Main, and 6 Houston Center all looking like they will move forward quickly, that makes for almost 3 mil sf of new space. I'm only guessing that doesn't bode well for International Tower, let alone 5 AC. I agree with Urbannizer that Skanska seems to be moving forward with Capitol Tower ,which could make for 3.6 mil sf under construction in the next couple years, but they sure are dragging their feet. Maybe has something to do with competition downtown and their Galleria tower leasing up slowly?

Share this post


Link to post
Share on other sites

^ I would not assume that 6 Houston Center is actually moving forward so soon.  I imagine it will only do so if they sign sufficient leases.  Remember, they had a "ground-breaking" for this building once before.  Announcing that construction is set to begin in the 1st Quarter of 2014 is a far different thing than actually starting construction.  Developers often make such statements as part of their marketing.

Share this post


Link to post
Share on other sites

You seem to be right, because after adding up all the none owner-occupied office buildings proposed it comes out to quite a bit of space:

800 Bell Redevelopment - 1.3 Mil

609 Main - 1 Mil

5 Allen Center - 1 Mil

International Tower ~ 750k

Capitol Tower - 700k

6 Houston Center - 600k

Since 800 Bell, 609 Main, and 6 Houston Center all looking like they will move forward quickly, that makes for almost 3 mil sf of new space. I'm only guessing that doesn't bode well for International Tower, let alone 5 AC. I agree with Urbannizer that Skanska seems to be moving forward with Capitol Tower ,which could make for 3.6 mil sf under construction in the next couple years, but they sure are dragging their feet. Maybe has something to do with competition downtown and their Galleria tower leasing up slowly?

 

Skanska is gutting out the interior of the Houston Club building right now. It took them a while to start that process, but they are definitely spending money on it.

Share this post


Link to post
Share on other sites

You seem to be right, because after adding up all the none owner-occupied office buildings proposed it comes out to quite a bit of space:

800 Bell Redevelopment - 1.3 Mil

609 Main - 1 Mil

5 Allen Center - 1 Mil

International Tower ~ 750k

Capitol Tower - 700k

6 Houston Center - 600k

Since 800 Bell, 609 Main, and 6 Houston Center all looking like they will move forward quickly, that makes for almost 3 mil sf of new space. I'm only guessing that doesn't bode well for International Tower, let alone 5 AC. I agree with Urbannizer that Skanska seems to be moving forward with Capitol Tower ,which could make for 3.6 mil sf under construction in the next couple years, but they sure are dragging their feet. Maybe has something to do with competition downtown and their Galleria tower leasing up slowly?

i could care less about 5AC, but if International Tower doesnt get built i will be extremely bummed. its one of the nicest proposed towers Houston has gotten in a long time and will be a big impact for people coming in from 45 and 59. im hoping its the tower that shifts the pendulum to start building towers outside the box again in Houston.

800 Bell wont start until 2015, and who knows how long reno will take. well say it wont be on the market until 2016-2017.. that gives International Tower plenty of time to get off the ground. im keeping my fingers crossed.. heh

  • Like 1

Share this post


Link to post
Share on other sites

That's an exciting link. I feel like 2013 was The Year of the Proposal; hopefully 2014 will be The Year of Construction for downtown Houston.

  • Like 3

Share this post


Link to post
Share on other sites

I feel like every time this building is proposed it's at the tail end of our mini boom cycle. Or maybe it was only once before, but I could swear this thing has been cancelled twice.

  • Like 1

Share this post


Link to post
Share on other sites

I feel like every time this building is proposed it's at the tail end of our mini boom cycle. Or maybe it was only once before, but I could swear this thing has been cancelled twice.

 

I think there has always been plans for additional Houston Center buildings, but the owners obviously have taken a long view (the original proposal dates from the 1970s).  I did think though that Six Houston Center was originally meant for the vacant block next to the Four Seasons.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

×
×
  • Create New...