lockmat Posted March 21, 2012 Share Posted March 21, 2012 I guess he means a lack of big blocks available where tenants want them? Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted March 21, 2012 Share Posted March 21, 2012 (edited) I guess he means a lack of big blocks available where tenants want them?Are you saying that there are plenty of big blocks of space downtown? (and we're talking Class A space here)FWIW, I too think a new downtown tower will likely be announced this year. Edited March 21, 2012 by Houston19514 Quote Link to comment Share on other sites More sharing options...
lockmat Posted March 21, 2012 Share Posted March 21, 2012 Are you saying that there are plenty of big blocks of space downtown? (and we're talking Class A space here)FWIW, I too think a new downtown tower will likely be announced this year.Maybe I have a misunderstanding of what a "big" block is. Are normal downtown blocks 2 acres or less? Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted March 21, 2012 Share Posted March 21, 2012 lockmat- I think you are thinking "a block" as in, there are plenty of blocks of land available to build something on in downtown. However, he is talking about available blocks of office space and that is the main issue with downtown right now. There's simply not a whole lot of rentable space right now for a large lease unless a company doesn't mind being scattered about multiple floors or, even worse, in different buildings within the same complex.The Hess Tower is 100% leased. So is the Chevron complex. The following buildings have less than 10% vacancy; Continental Center II, JP Morgan Chase Tower, Wells Fargo Plaza, One Houston Center, First City Tower, Houston Data Center, 1100 Louisiana, Devon Energy Tower, Two Shell Plaza, Pennzoil Place South, One Shell Plaza, RRi Energy Tower, Cullen Center, and Amegy Bank Tower. The only class A properties in downtown with more than 20% vacancy are the Pennzoil North Tower, Continental Center I, One Allen Center, BG Group Place, and Wedge International Tower. Space is tight. If you're looking for a "block" of 350,000 square feet plus in this market, you're pretty much out of luck unless you don't mind being split up. 6 Quote Link to comment Share on other sites More sharing options...
lockmat Posted October 23, 2012 Share Posted October 23, 2012 Check this out! I can't figure out how to copy and paste on an iPad so here is the link. It's lookin sweet!http://www.jacobwandersee.com/2011/01/5-allen-center-brochure/ Quote Link to comment Share on other sites More sharing options...
LarryDierker Posted October 23, 2012 Share Posted October 23, 2012 Check this out! I can't figure out how to copy and paste on an iPad so here is the link. It's lookin sweet! http://www.jacobwand...enter-brochure/ let me help you. 3 Quote Link to comment Share on other sites More sharing options...
swtsig Posted October 23, 2012 Share Posted October 23, 2012 Brookfield needs 50-60% preleasing so it's likely that their existing vacancies would cannibalize any deal for the foreseeable future. 2 Quote Link to comment Share on other sites More sharing options...
wxman Posted October 23, 2012 Share Posted October 23, 2012 I hate the placement of this building. It takes away from the other Allen building (the tall brown one, forgot the name, lol). I think if they wanna build they should do it near Discovery Green or in Greenway or Galleria. NOT here. 2 Quote Link to comment Share on other sites More sharing options...
ttuchris Posted October 23, 2012 Share Posted October 23, 2012 The tower goes where they own the land. 7 Quote Link to comment Share on other sites More sharing options...
swtsig Posted October 23, 2012 Share Posted October 23, 2012 I hate the placement of this building. It takes away from the other Allen building (the tall brown one, forgot the name, lol). I think if they wanna build they should do it near Discovery Green or in Greenway or Galleria. NOT here.not to pick on you but i absolutely abhor responses like this... as ttuchris put it, the building goes where they own the land. this isn't simcity. 6 Quote Link to comment Share on other sites More sharing options...
intencity77 Posted October 23, 2012 Share Posted October 23, 2012 This is one bloated, bland looking skyscraper especially to be showcased front and center on our already very symmetrical existing skyline. All it has going for it is height, which is the one thing I really like about it! Quote Link to comment Share on other sites More sharing options...
infinite_jim Posted October 23, 2012 Share Posted October 23, 2012 This one is a long shot now that Devon is packing for OKC.I'm a tad curious where they're gonna fit parking for something this tall? The existing Allen Center garage is pretty full as is but the Heritage Plaza garage (across from the Double Tree) is still pretty empty. It could suffer from the same sort of vacancy problems Heritage has b/c of it's lack of close-by tunnel access. For this to be a success it would probably require two sky-bridges and a renovation of the common areas of the Allen Center Complex. Quote Link to comment Share on other sites More sharing options...
swtsig Posted October 23, 2012 Share Posted October 23, 2012 This one is a long shot now that Devon is packing for OKC.I'm a tad curious where they're gonna fit parking for something this tall? The existing Allen Center garage is pretty full as is but the Heritage Plaza garage (across from the Double Tree) is still pretty empty. It could suffer from the same sort of vacancy problems Heritage has b/c of it's lack of close-by tunnel access. For this to be a success it would probably require two sky-bridges and a renovation of the common areas of the Allen Center Complex.it will have two skybridge connections in addition to parking within the building so i don't think parking will be a huge concern. no word on renovations to the common areas but i assume they will cross that bridge if and when they get there. this one is a longshot, at least in the near future, but they're still actively marketing it.skanska will likely get off the ground on their 700k sf building sooner rather than later and there's another cool looking 50-story building being proposed so brookfield will have some competition. 1 Quote Link to comment Share on other sites More sharing options...
Fortune Posted October 23, 2012 Share Posted October 23, 2012 Brookfield has about 350k sf they are trying to fill up from Hess vacating the Allen Center and moving into their own building. Once Devon vacates next year there will be about 550k sf available for lease. It will be Devon's responsibility to sub-lease the space since their lease doesn't expire for 7 years. So Brookfield really only has the large 350k sf block of space to lease. They will just be competing with Devon to lease space in Allen Center. 2 Quote Link to comment Share on other sites More sharing options...
lockmat Posted October 24, 2012 Share Posted October 24, 2012 it will have two skybridge connections in addition to parking within the building so i don't think parking will be a huge concern. no word on renovations to the common areas but i assume they will cross that bridge if and when they get there. this one is a longshot, at least in the near future, but they're still actively marketing it.skanska will likely get off the ground on their 700k sf building sooner rather than later and there's another cool looking 50-story building being proposed so brookfield will have some competition.700k? Add another 8 or so floors for parking, so about 36 floors? Quote Link to comment Share on other sites More sharing options...
yaga Posted October 24, 2012 Share Posted October 24, 2012 it will have two skybridge connections in addition to parking within the building so i don't think parking will be a huge concern. no word on renovations to the common areas but i assume they will cross that bridge if and when they get there. this one is a longshot, at least in the near future, but they're still actively marketing it.skanska will likely get off the ground on their 700k sf building sooner rather than later and there's another cool looking 50-story building being proposed so brookfield will have some competition.That cool looking 50 story tower, is this a west downtown or an east downtown proposal? Is this the Hines project that we were hearing about? Quote Link to comment Share on other sites More sharing options...
Chi-Char-Hou-Dal Posted October 24, 2012 Share Posted October 24, 2012 Is this west or east of Gulf Freeway? - Hope it builds. Quote Link to comment Share on other sites More sharing options...
lockmat Posted October 24, 2012 Share Posted October 24, 2012 That cool looking 50 story tower, is this a west downtown or an east downtown proposal? Is this the Hines project that we were hearing about?It's by Brookfield and on the southwest edge of downtown. Quote Link to comment Share on other sites More sharing options...
swtsig Posted October 24, 2012 Share Posted October 24, 2012 Brookfield has about 350k sf they are trying to fill up from Hess vacating the Allen Center and moving into their own building. Once Devon vacates next year there will be about 550k sf available for lease. It will be Devon's responsibility to sub-lease the space since their lease doesn't expire for 7 years. So Brookfield really only has the large 350k sf block of space to lease. They will just be competing with Devon to lease space in Allen Center.Devon has 515KKinder will be vacating 200KUA is vacating 140K + an additional 250K in all likelihoodin addition to the 200K or so of Hess spacewhile a lot of these are not direct vacancies, they will certainly be competing directily w Brookfield for tenants. 1 Quote Link to comment Share on other sites More sharing options...
yaga Posted October 24, 2012 Share Posted October 24, 2012 It's by Brookfield and on the southwest edge of downtown.I was referrring to swtsig's comment...and there's another cool looking 50-story building being proposed so brookfield will have some competition.I wasn't questioning the location of the Five Allen Center proposal by Brookfield. Quote Link to comment Share on other sites More sharing options...
TexasGeneral Posted October 24, 2012 Share Posted October 24, 2012 "skanska will likely get off the ground on their 700k sf building sooner rather than later and there's another cool looking 50-story building being proposed so brookfield will have some competition"swtsig - can you provide any more information on these two projects? Location? Height of the Skanska building? Likelihood of these projects moving forward? Anticipated contruction start? Quote Link to comment Share on other sites More sharing options...
Subdude Posted October 25, 2012 Share Posted October 25, 2012 it will have two skybridge connections in addition to parking within the building so i don't think parking will be a huge concern. no word onskanska will likely get off the ground on their 700k sf building sooner rather than later and there's another cool looking 50-story building being proposed so brookfield will have some competition.Are you referring to the Hines project on the block across from the Rice? I heard they were using the same architect as for the building immediately south, with the idea of making the two look like somewhat of a set. Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted October 25, 2012 Share Posted October 25, 2012 let me help you. Where could I obtain one of these? I looked online everywhere to no avail. Quote Link to comment Share on other sites More sharing options...
swtsig Posted October 25, 2012 Share Posted October 25, 2012 Are you referring to the Hines project on the block across from the Rice? I heard they were using the same architect as for the building immediately south, with the idea of making the two look like somewhat of a set.no this is different from Hines' project. i've seen the rendering for Hines' new building and it is very geometric for lack of a better word... kinda post-modern, i suppose, in the same vein as pennzoil. 1 Quote Link to comment Share on other sites More sharing options...
Mister X Posted October 25, 2012 Share Posted October 25, 2012 Not to get too far ahead of ourselves, but when you say 'same vein as pennzoil' do you mean it will have a slanted roof like the Pennzoil towers? That could be very cool, especially if we are talking about a building that is 50 stories tall. Quote Link to comment Share on other sites More sharing options...
wxman Posted October 25, 2012 Share Posted October 25, 2012 I am so confused. What building are you guys talking about? I thought this was about 5 Allen Center? Which building are you guys referring to? Maybe start a new thread? Quote Link to comment Share on other sites More sharing options...
Texasota Posted October 26, 2012 Share Posted October 26, 2012 not to be a pedant, but pennzoil is just plain modern; it is most definitively not postmodern. Quote Link to comment Share on other sites More sharing options...
lockmat Posted December 20, 2012 Share Posted December 20, 2012 Did we already know Kirksey was the architect?http://www.kirksey.com/projects/category/commercial/page:1/sort:Project.vProjectName/direction:asc Quote Link to comment Share on other sites More sharing options...
HOUCAJUN Posted December 20, 2012 Share Posted December 20, 2012 Is this being built? Quote Link to comment Share on other sites More sharing options...
ClutchCity Posted January 29, 2013 Share Posted January 29, 2013 The only way this one gets off the ground is if they build spec. Hines already demonstrated if you build a high quality(LEED Platinum, Sky Garden, Garden on top of Parking Garage, etc.) office tower then you'll attract tenants from all over. BG Group Place is proof since they are almost full just 2 years after completion.Getting a single tenant to lease half of it (~600,000 sq ft) or multiple 100,000+ sq ft tenants to sign on is obviously proving difficult after 5 years. They already have a precedent that proves its possible, just hope they get a little more ballsy. 1 Quote Link to comment Share on other sites More sharing options...
hoothrewpoo Posted January 29, 2013 Share Posted January 29, 2013 wonder where they're going to put it (5AC)? There are two new towers planned, one in the near future at Smith/Pease, and one a couple of years from now at Louisiana/Bell. Neither of them look like the 5AC rendering floating around. 1 Quote Link to comment Share on other sites More sharing options...
ClutchCity Posted January 29, 2013 Share Posted January 29, 2013 wonder where they're going to put it (5AC)? There are two new towers planned, one in the near future at Smith/Pease, and one a couple of years from now at Louisiana/Bell. Neither of them look like the 5AC rendering floating around. http://www.downtownhouston.org/site_media/uploads/attachments/2012-12-19/dt_current_projects_121219.pdf It's number 22, the lot right up against the highway. The places you listed aren't shown to be near development on the map and are a few blocks away from the Tellepsen Family YMCA. They also look like they could be just a block or two away from each other. You should share with us some renderings of these towers you're talking about! Do you know if they're going to cause other possible office developments to be put on hold until the market absorbs the new space? Quote Link to comment Share on other sites More sharing options...
hoothrewpoo Posted January 29, 2013 Share Posted January 29, 2013 http://www.downtownhouston.org/site_media/uploads/attachments/2012-12-19/dt_current_projects_121219.pdf It's number 22, the lot right up against the highway. The places you listed aren't shown to be near development on the map and are a few blocks away from the Tellepsen Family YMCA. They also look like they could be just a block or two away from each other. You should share with us some renderings of these towers you're talking about! Do you know if they're going to cause other possible office developments to be put on hold until the market absorbs the new space? Ahh, interesting. They're near development. If I had to guess, I'd guess one will break ground this year, and the other by 2016. Wish I could. As soon as the announcement(s) are made, I'd be happy to. Until then, consider this mere speculation... I haven't heard that other developments may be in jeopardy, but that doesn't mean much. One of the two referenced previously will be absorbed almost entirely by a single tenant. Quote Link to comment Share on other sites More sharing options...
wxman Posted March 22, 2013 Share Posted March 22, 2013 A friend of mine emailed Brookfield and they said that this building is 20% leased---same as it was in Aug. 2011. Not sure if that's good or bad. Quote Link to comment Share on other sites More sharing options...
ClutchCity Posted July 10, 2013 Share Posted July 10, 2013 Brookfield seems confident on 5 AC. Or at least they don't want people to forget it's still a possibility. http://www.bisnow.com/commercial-real-estate/houston/my-story-paul-frazier/ 2 Quote Link to comment Share on other sites More sharing options...
lockmat Posted July 10, 2013 Share Posted July 10, 2013 The monitor behind him says "reshaping the skyline." Can anyone tell if AC5 is in the picture? Quote Link to comment Share on other sites More sharing options...
ClutchCity Posted July 10, 2013 Share Posted July 10, 2013 There definitely seems like there is a skyscraper between Two Allen Center and the Wedge Tower. Quote Link to comment Share on other sites More sharing options...
infinite_jim Posted July 10, 2013 Share Posted July 10, 2013 Brookfield has been slowly improving the Allen Center bldgs over the past couple years by modernizing all the elevator mechanics and controls. I can only assume that they want a 5 Allen Center catty corner to 3 Allen (based on the monitor screen shot) but realize it would require a renovation of the common areas of the Allen Center first for it to be useful and connected to the rest of the complex. I believe the most recent complex renovation was done in the early 90's (ca. 1992) by Morris Architects which featured the glass atrium box at Dallas & Smith. Quote Link to comment Share on other sites More sharing options...
TowerSpotter Posted August 15, 2013 Share Posted August 15, 2013 (edited) Five Allen Center briefly mentioned. http://www.bizjournals.com/houston/blog/breaking-ground/2013/08/more-than-rumor-brookfield-makes.html Edited August 15, 2013 by TowerSpotter 2 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted August 15, 2013 Share Posted August 15, 2013 (edited) Five Allen Center briefly mentioned. http://www.bizjournals.com/houston/blog/breaking-ground/2013/08/more-than-rumor-brookfield-makes.html a "40 story" 5AC... will still be a decent height though. i hope they change the design. its right on the edge of the highway.. we need some decent freeway architecture on that plot if its going to be developed. it will be one of the most noticeable buildings off of 45. “I think you will see us develop our plans a little further for what we are calling, for now, 5 Allen Center,” he said. “It’s on two and a half acres on the western perimeter of downtown. We are contemplating there a 40-story tower with maybe as much as a million square feet.” Edited August 15, 2013 by cloud713 1 Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted August 16, 2013 Share Posted August 16, 2013 wonder where they're going to put it (5AC)? There are two new towers planned, one in the near future at Smith/Pease, and one a couple of years from now at Louisiana/Bell. Neither of them look like the 5AC rendering floating around.Aww dangit, you did it again.Smith/Pease is the new Chevron, but WHAT IS COMING TO LOUISIANA/BELL???? Quote Link to comment Share on other sites More sharing options...
cloud713 Posted August 16, 2013 Share Posted August 16, 2013 Aww dangit, you did it again.Smith/Pease is the new Chevron, but WHAT IS COMING TO LOUISIANA/BELL???? Chevrons even newer tower housing their yet to be announce headquarters relocation? heh, i wish. i wonder what is being planned there though. Chevron currently owns the land i thought? dont they have a day care on that site? 1 Quote Link to comment Share on other sites More sharing options...
ClutchCity Posted August 16, 2013 Share Posted August 16, 2013 Chevrons even newer tower housing their yet to be announce headquarters relocation? heh, i wish. i wonder what is being planned there though. Chevron currently owns the land i thought? dont they have a day care on that site?Since your last two questions are correct I wouldn't be surprised if your first statement is true. Makes sense with what's been happening with their parking garage acquisitions. I hope it brings some more pull to downtown when it comes to corporate relocations/consolidations! 1 Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted August 16, 2013 Share Posted August 16, 2013 Chevrons even newer tower housing their yet to be announce headquarters relocation? heh, i wish. i wonder what is being planned there though. Chevron currently owns the land i thought? dont they have a day care on that site?Thats what Im assuming too. Quote Link to comment Share on other sites More sharing options...
hoothrewpoo Posted August 16, 2013 Share Posted August 16, 2013 Since your last two questions are correct I wouldn't be surprised if your first statement is true. Makes sense with what's been happening with their parking garage acquisitions. I hope it brings some more pull to downtown when it comes to corporate relocations/consolidations! you shouldn't be surprised at all. 5 Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted August 16, 2013 Share Posted August 16, 2013 you shouldn't be surprised at all. 2 Quote Link to comment Share on other sites More sharing options...
ClutchCity Posted August 16, 2013 Share Posted August 16, 2013 (edited) you shouldn't be surprised at all.How far are they on the design phase? It going to be a signature tower? :] Edited August 16, 2013 by ClutchCity Quote Link to comment Share on other sites More sharing options...
ClutchCity Posted August 16, 2013 Share Posted August 16, 2013 (edited) Repost.... Edited August 16, 2013 by ClutchCity Quote Link to comment Share on other sites More sharing options...
cloud713 Posted August 16, 2013 Share Posted August 16, 2013 so we can bet on Chevron ditching their 1985 San Ramon campus and relocating to Houston? i heard these rumors after the new tower was announced but havent heard anything since. it seems like it would be hard to find someone to buy their huge old campus from them, but maybe it could be split up into a business park or something. if they were to relocate the rest of their employees they would need a pretty large tower one would think. maybe Houstons next supertall? Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted August 16, 2013 Share Posted August 16, 2013 so we can bet on Chevron ditching their 1985 San Ramon campus and relocating to Houston? i heard these rumors after the new tower was announced but havent heard anything since. it seems like it would be hard to find someone to buy their huge old campus from them, but maybe it could be split up into a business park or something. if they were to relocate the rest of their employees they would need a pretty large tower one would think. maybe Houstons next supertall?Four matching towers. I never imagined this when it was just old Enron tower by itself. 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.