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Construction Progress on 3009 Post Oak Building in Uptown Houston

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Late 2010 groundbreaking, delivering in 2012

14 stories

300,000 SF

LEED Gold

Directly across from Waterwall

On proposed METRO Uptown line

Developed, built, and self-financed by Skanska

i dont know how to post the pic so here's a PDF picture, i'm sure someone much smarter than i can post it.

3009 post oak.pdf

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If it's across from the waterwall that would place it where the highrise condo project (can't remember the name) was supposed to sit... Right? Now that I think about it that can't be the spot if it's supposedly sitting on the rail line. Anyone?

Edit: Duh... Obviously if it has a Post Oak address it's not the lot I asked about above. I'm assuming it's the lot across from the pocket park on 610/Post Oak.

Edited by Gary

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Interesting development. Looks slightly Eurpoean but that might just be the Skanska influence.

I thought Hines purchased the parcel at 3009 Post Oak in 2007/2008... Did they sell it? Would seem odd to have Skanska develop a project on a Hines owned parcel.

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Skanska likes building chances

Swedish firm buying key tract for office project

Mair expects construction on the Houston building to begin by the end of 2010, whether a tenant has been signed or not. It will take two years to finish the building, giving it a 2012 debut date.

He says Skanska selected the development site for its coveted Post Oak address and frontage on the West Loop. In addition, future building tenants will have views of downtown Houston to the east and the Water Wall to the west. Another attraction is the fact that the tract is located on the proposed light rail line.

http://houston.bizjournals.com/houston/stories/2010/01/25/story2.html

Edited by citizen4rmptown

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Pretty exciting seeing something go up amidst this economy, even if it isn't THAT tall.

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is someone gonna save this before/if they take it down?

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Too bad it will never look like this. I've never understood why companies pay architecture firms millions of dollars for new buildings based on renderings that 99.999999% don't show what the building will really look like. Of the thousands of "renderings" I've seen over the years, maybe in one or two cases the finished building looked like the sketch. The worst are the ones that have all kinds of crayon swirls and half-finished lines across them.

I don't believe that this building, when it's finished, will have balcony railings and a shade at the top that glow in the dark.

More plausible:

post-1-12690031529567_thumb.jpg

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Did you all see the bs about efficient cars getting preffered parking? laugh.gif I can see that going well...especially when the primary tenant or manager has some say.

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Did you all see the bs about efficient cars getting preffered parking? laugh.gif I can see that going well...especially when the primary tenant or manager has some say.

Maybe not. I worked one place where there were smaller parking places closer to the entrance. In that case smaller cars had preferred parking and it wasn't a big problem.

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I don't see a problem with encouraging the use of efficient vehicles. But it'll be interesting to see how they go about it. Smaller parking spaces don't really work because drivers of large vehicles will still use them if at all possible. Nobody really enforces the "compact-only" rule. Marking spots for hybrid vehicles doesn't necessarily work either, because there are different kinds of hybrids (mild and full), and some higher-end hybrids are geared for performance over fuel economy. Ikea has a single parking spot reserved for a hybrid vehicle, and I saw a non-hybrid vehicle parked in the spot last time I was there.

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What tickles me is how they talk about the "high speed" elevators. C'mon now, it's not even that high!

The Hybrid bit in the newsletter caught my eye as well and called it BS marketing.

I do wonder if 3 parking spots per 1000sq ft is standard, though.

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Did you all see the bs about efficient cars getting preffered parking? laugh.gif I can see that going well...especially when the primary tenant or manager has some say.

We have reserved spots on each floor that are for small (I mean small) cars only. AFAIK, Minis, Miatas, New Beetles, and Smarts are the only cars in the pool for those spots. They are crammed in corners and other places that used to be wasted space.

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The reserved parking spaces for green cars is just marketing hype. Since it's private property, there's no way to enforce it. The head of whatever company leases the most space in that building will be allowed to park wherever he pleases. Just like Steve Jobs is notorious for parking his Mercedes diagonally across one of the handicapped spaces at One Infinite Loop. Who's going to stop him?

One building I saw recently did an interesting thing to promote green vehicles. It has a dedicated aisle just for all-electric vehicles, and each space has a plug-in to recharge the batteries. The landlord picks up the electric bill. It supposedly doesn't cost that much more than keeping the flood lights on all night.

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What tickles me is how they talk about the "high speed" elevators. C'mon now, it's not even that high!

The Hybrid bit in the newsletter caught my eye as well and called it BS marketing.

I do wonder if 3 parking spots per 1000sq ft is standard, though.

It may not be a tall building, but my guess is that high speed is defined more by the elevators and the system itself rather than the height of the building. Hey, I'm sure people always want elevators that are faster than slower. Just think about it when you're in a slow one at a hotel or something.

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I did not see this in Going Up or Galleria Area sections, I hope this is not a dupe:

Skanska USA Commercial Development Inc. closed on a deal this week to buy land for a new 19-story office building in the Galleria area.

Construction of the 300,000-square-foot building on Post Oak will proceed — with or without a tenant — according to Michael Mair, Skanska’s executive vice president/regional manager in Houston.

The development, which is expected to cost between $60 million and $90 million and is scheduled to open in 2012, will be 100 percent self-financed.

Given current economic conditions, some real estate professionals wonder whether the timing is right for another Class A office building in the Galleria area, even though the sector has seen no new office construction in 28 years.

http://houston.bizjo...l#ixzz0zo2ykYUe

Seems pretty ballsy, right? This can't be good for BLVD Place and Perennial.

EDIT: Found this info too...

The Skanska office tower will be built on a 2.3 acre tract bordered by Loop 610, Hidalgo Street and Post Oak Boulevard, the Business Journal reported. The land was purchased from Hines

http://www.realtynewsreport.com/

Edited by lockmat
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I believe that this is the same thing... Although that thread says 14 stories and this says 19. Maybe it grew 5 floors? That would be nice.

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I believe that this is the same thing... Although that thread says 14 stories and this says 19. Maybe it grew 5 floors? That would be nice.

http://www.houstonar...__1#entry354347

Thanks, I just saw that on swamplot. I'll send it to them and maybe they can figure it out.

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Merged topics.

It's good to see that this is proceeding, but in today's economy one has to wonder about their "we don't need no stinking tenants" plan.

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Merged topics.

It's good to see that this is proceeding, but in today's economy one has to wonder about their "we don't need no stinking tenants" plan.

But CityCentre is about to build two more office buildings, so maybe things are getting better?

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But CityCentre is about to build two more office buildings, so maybe things are getting better?

I don't think they're getting better. The CBD is about to add an almost completely vacant building. This Skanska project is a huge roll of the dice.

CityCentre is a unique concept that the developers truly hit a homerun with. The demand for 2 buildings in that complex is real, but that is not indicative of the rest of the Houston market.

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I believe they're taking advantage of could be a variety of factors (niche, of course, will correct me), including lower building material costs, and maybe even a slight dip in the land price. They are also betting that the economy will recover relatively soon after construction.

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I believe they're taking advantage of could be a variety of factors (niche, of course, will correct me), including lower building material costs, and maybe even a slight dip in the land price. They are also betting that the economy will recover relatively soon after construction.

As for CityCenter, they already own the land, and that hurts them. Both labor and material costs are down, so that's part of it. But the big thing is that this is a small investment-grade property that's part of a proven concept.

As for Skanska, it sounds like they weren't going to use debt financing. That will enable them to offer one of the very few new office buildings in the market when it delivers, fulfilling a niche market for new office space. Once it is built and leased, debt will be available and affordable, anyway, and that's a barrier to entry that few other developers could ever hope to overcome.

If I were them, however, I'd be looking at the jobs situation carefully. I don't think that any big new office projects are going to make sense to start on for at least another few years, even in Texas.

Edited by TheNiche

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90% plus occupancy in the Galleria area and all other planned projects for the area have been cancelled. Seems like a roll of the dice but one that I would play if I had the cash on hand to build it. This will be the first office high rise to be built in the Galleria submarket since the 1980s. It'll fill...

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New Renderings:

3009postoakrendering.jpg

autocourt.jpg

Skanska’s Mike Mair, Greg Mondshine, Donald McCormick, and John Kirk took a break from planning the 300k SF, 19-story office building to chat. Mike tells us the site on 3009 Post Oak is ideal because of the Galleria's traditionally stable occupancy and pent-up demand for new product. Greg, who’s handling leasing, adds that many tenants in the area have leases expiring in the next three years, providing great opportunities for lease up. But Greg says pre-leasing is tough in Houston, and they’re going ahead with the $60 to $90M, 20-month construction with or without a tenant locked in. It’ll be 100% self-financed, so Skanska can react whenever timing is best. Although no groundbreaking is set, opening is slated for 2012.

Link

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Looks like a really, really nice building, I like the architecture and how the glass varies. Nitpicking a little, but I would have hoped it to be closer to the street and more pedestrian friendly (retail). Of course maybe they're building away from the street because of the future light rail, who knows.

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Not too bad... but not too good... midtown across from 45 (downtown) is where this thing should be built.

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Not too bad... but not too good... midtown across from 45 (downtown) is where this thing should be built.

Why do you think that?

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Looks like the design has changed.

...date for the start of construction has not been set. But the company is projecting the building will open in 2012, which means construction will probably be underway in the first quarter of next year.

http://culturemap.com/newsdetail/12-06-10-the-galleria-lands-a-new-office-tower-houston-fbi-turns-to-bomb-proof-digs-tea-nursey-goes-green/

Ralph_Skanska_rendering_Galleria_West.800w_600h.jpg

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​You know what the Galleria area needs? More traffic. Luckily, that need is being addressed by developers...

http://blogs.houstonpress.com/hairballs/2010/12/new_galleria_tower.php

This gave me a hearty chuckle when I read it.

I like me an office tower pretty much anywhere, but the Houston Press is right...West Loop and Galleria area traffic in general pretty much does stink like no other. This will be a nice addition to the look of the area, but i feel sorry for the people who have to drive in that area.

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http://blogs.houston...leria_tower.php

This gave me a hearty chuckle when I read it.

I like me an office tower pretty much anywhere, but the Houston Press is right...West Loop and Galleria area traffic in general pretty much does stink like no other. This will be a nice addition to the look of the area, but i feel sorry for the people who have to drive in that area.

I have to drive from Williams Tower down Post Oak to my kid's day care each evening, and it's a 20 minute exercise to go through three lights (Alabama, Galleria crosswalk, Westheimer). Even worse during the holidays or when the 610 SB feeder is backing Alabama up. Adding a garage full of traffic coming out of this building onto Post Oak (right turn only?) will just add to it. At least downtown has a nice grid for alternative routes. I can't even imagine how light rail will impact this (well, I can), nor what traffic engineers can do to improve it, outside of creating more paths to the 610/59 feeders.

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Well to think that this is one of SEVERAL highrises about to go up on the west loop. If the tower(s) at BLVD place are in the 30-50 story range, you can just imagine how bad it will be then!

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I can only think of benefits that would be realized of more of these things would be built in midtown.

- increased density inside the loop

- increased resi highrises and all that this entails.

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