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Guest gcbrewer2

Lyric Center Building & Market

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Guest gcbrewer2

Does anyone know what year the Lyric Center was built?

Also, does anyone know the name of the white building about 30 floors, located somewhere between the Lyric center and the JPMorgan Chase tower? When viewed from the west, it has rectangular windows in the center of the building that are longer vertically than horizontally. The windows on the north and south edges are more square shaped. It is relatively new and I don't see any info on it in the list of downtown buildings?

Been away from Houston for a while so any help would be appriciated.

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I was thinking the Calpine Buidling too. That building was compelted in 2003 I believe and was developed by Hines for Calpine Energy. During the construction of the building Calpine went through some turmoil and nearly defaulted on many of their loans. They managed to survive but when the building was completed Calpine only physically occupied 1/2 of the SF they had leased. So when the building came on line there was some 200k SF on the SubLease market. I am not sure the occupancy of the building today.

I tried to find what year the Lyric Center was built. It was sometime between 81-83. I will keep looking to see if I can find you for you.

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Guest gcbrewer2

Thanks everybody. I have my answers. Lyric was finished in 1984. The other building I was talking about is Calpine. I just didn't recognize it from the photo on the buildings page.

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From the Downtown RE 2Q Update 

 

In addition to major upgrades to Lyric Centre such as a lobby makeover, a fitness center for tenants, an upgraded deli and new landscaping, US Property Management will replace their parking lot with a 450-space parking garage. The garage’s first level will be retail, with two parking levels above for retail and public parking and two subgrade levels for tenants. Construction should begin in about eight months, with garage completion 2Q17.
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That end of downtown could use both more retail and more parking - both of which would be coming on line right about the same time as the Market Square residential high rises.  

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That end of downtown could use both more retail and more parking - both of which would be coming on line right about the same time as the Market Square residential high rises.  

 

I'd bet they are aiming for just that with the retail slots.

 

The other lots that look ripe for picking are the half block next to the Houston Ballet building and the Chase drive-thru bank across from Kim Son. 

 

Phonecia seems crowded every time I go there now, someone is going to step up and add a grocery store somewhere once these few thousand new residences come online.

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I guess the two levels of retail/public parking effectively replace the two surface lots lost to the two Market Square high-rises. On the other hand, this delays the chance of any high rise residential development here, a nice spot looking onto the bayou park.

 

 

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Eh, it's one less surface lot. Maybe this will help spur development on the lot next to the Center for Dance

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I guess the two levels of retail/public parking effectively replace the two surface lots lost to the two Market Square high-rises. On the other hand, this delays the chance of any high rise residential development here, a nice spot looking onto the bayou park.

 

There's a ton of residential in the pipeline already.  This preserves the view for the north facing offices in Lyric.

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It's a garage with GFR replacing a surface lot near Market Square and the theater district - I count it as a win

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With parking lots disappearing (Woohoo) parking will become scarce and we will need garages. A nicely designed garage with ground floor retail is a slam dunk in my book.

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If course it's more than talk..? It's the next in line after Houston First wraps up the convention district/secures the financing.

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The Lyric Centre has announced that a parking garage will be constructed on the surface lot to the north of the building.  Details are being finalized, but they expect ground-breaking to begin in the first quarter of 2016.  The ground floor of the garage will feature retail space.  This is in addition to other updates to the building to make it more competitive in the leasing market.  I will follow-up when I have additional information.

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Retail being added and a potential garage for The Lancaster to use at night just a few blocks away...

 

Oh no, retail!  But but but the market over there just can't support retail....

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Oh no, retail! But but but the market over there just can't support retail....

If it's subsidized by something people actually value enough to pay for, like a place to put a car, it might work out.

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Maybe this has already been reported here, but I was told today that of the 31,000 SF of retail space there will be two restaurants (one high-end and one more americana) and  a food market with about 18-20 different food vendors.  There will be some additional space, but these seem to be certain.  I think the food market will do really well in this area.  Construction start is 8/16 with estimated completion 4Q 2017.

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On 5/5/2016 at 9:36 PM, CREguy13 said:

Maybe this has already been reported here, but I was told today that of the 31,000 SF of retail space there will be two restaurants (one high-end and one more americana) and  a food market with about 18-20 different food vendors.  There will be some additional space, but these seem to be certain.  I think the food market will do really well in this area.  Construction start is 8/16 with estimated completion 4Q 2017.

 

I feel like there is no chance an 8/16 start date is going to happen... They got Hines involved and its out for bid right now. I can't remember when they said it was due it, but those things are going to take more than two weeks from now to shake out.

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51 minutes ago, amashgo said:

 

I feel like there is no chance an 8/16 start date is going to happen... They got Hines involved and its out for bid right now. I can't remember when they said it was due it, but those things are going to take more than two weeks from now to shake out.

 

I think they meant August, 2016, not August 16th.

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1 hour ago, Houston19514 said:

 

I think they meant August, 2016, not August 16th.

It works out damn near the same though... August of 2016 is a week away :lol:

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1 hour ago, amashgo said:

It works out damn near the same though... August of 2016 is a week away :lol:

 

Yes, but the end of August 2016 is 5 weeks away.  A lot more feasible than 2 weeks...

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Pre-Construction to start on October 21 per the memo sent out today.  Should have ground floor retail what the tenants are being told by building management.

 

Edit: I tried uploading the memo from the building but was told it's too big.

Edited by houstontexasjack
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On ‎9‎/‎29‎/‎2015 at 2:24 PM, Urbannizer said:

 

One of the greatest ironies of downtown Houston is that it has largely been the parking garages that have brought ground floor retail and street presence to the landscape, while the buildings they support have largely remained cold sculptures connected by skybridges and tunnels. One typically thinks of the parking garage as anathema to the urban landscape.

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