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Bank of America Tower Formerly Capitol Tower


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Yes, the first tower crane is going up and according to a rigger and some Skanska workers, 2 more tower cranes will be going up in the next couple of weeks. The office portion is going up too!!!  They

It's kind of open, at least if you wander around from Pennzoil, there's nothing/no one to stop you continuing through the tunnel level.    It looks really well done. In one mole person's opi

Capitol Tower-Houston-05 2019 by Mabry Campbell, on Flickr   Capitol Tower-Houston-05 2019 by Mabry Campbell, on Flickr

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That's very optimistic but I don't think so. Unless they land a non-energy tenant this one likely isn't happening until oil hits 80 or so consistently Even then, big energy tenants aren't going to get into this, they have their own campuses now.  I wonder if Downtown will see a lull in office building in the near future, which I don't really mind. Residential growth in downtown is much more interesting to me than anything else.

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They have the base for the second tower crane installed in the hole now. Its closer to Milam, but not right on the edge of where the building will be, a little more toward Capitol than Rusk, but fairly close to the middle of the block in that direction.

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I know of one fairly large downtown law firm in negotiations with Skanska to move in 2017. I also know that another large downtown law firm is looking to move in early 2018 and are possibly in talks with the Capitol Tower folks. Fingers crossed.

Are you saying both in talks with skanska's Capitol tower??

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I know of one fairly large downtown law firm in negotiations with Skanska to move in 2017.  I also know that another large downtown law firm is looking to move in early 2018 and are possibly in talks with the Capitol Tower folks.  Fingers crossed.

 

If you can't name names - how many lawyers does this firm have in Houston?  How much space are they currently leasing?

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If you can't name names - how many lawyers does this firm have in Houston?  How much space are they currently leasing?

 

(1) Currently the law firm has approx. 104 attorneys in 4 floors.

(2) The law firm that will be leasing new space in 2018 has 220 or so lawyers and have about 9 or 10 floors now.

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I know of one fairly large downtown law firm in negotiations with Skanska to move in 2017.  I also know that another large downtown law firm is looking to move in early 2018 and are possibly in talks with the Capitol Tower folks.  Fingers crossed.

 

Yes, but can we get an out-of-town firm to put, say, 500 employees in a block of space in the building?

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Looks to me like they put the second crane in at a height that would enable it to spin around and not hit the first tower, but the lower one does look to be up to the 10th-ish floor of the Esperson building as it sits.  

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them cranes are awful tall for a seven story garage....

 

(this is where we insert a picture of Kermit the Frog drinking wine, saying "I'm just saying"... lol)

 

and as we know, they can easily be made taller...  :ph34r:

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I am betting this does get built, it is in a good location, it is not unreasonably large and over the top, and it can either get new business or steal from lesser buildings nearby. Can't parking revenue also keep it able to pay some bills while space is leased over a few years?

 

 

Of course this tower will get built..?

 

I'm tending to agree at this point, there was just speculation to the contrary earlier. Did they change the development map back?

 

The tunnel/lobby will be pretty nice.

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True. Hopefully they get some tenants signed so they can move forward with the tower portion sooner than later. The tunnel/lobby should be a bit more than just "pretty nice", heh.. It appears to be the best tunnel/street interaction in all of downtown.

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It is on the new interactive map as the Capitol Tower

http://www.downtownhouston.org/development/project/capitol-tower/

 

Interesting that they seem to have bifurcated it on the development map...

 

http://www.downtownhouston.org/site_media/uploads/attachments/2015-04-09/150408_Development_Map__Renders_11X17_1.pdf

 

"Under Construction" - #18

 

 

Capitol Tower Parking Garage - 7-story, 300-space parking

garage. Skanska. Est. completion 4Q 2015

 

"Planned" - #28

 

 

Capitol Tower - 35-story, 750,000 SF office tower. Skanska. Est.

construction start date not available.

 

Going off the URL, it is 2 months old now, so who knows.

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Weird.  I wonder why they have two maps with different information?

 

I suspect because it's being built in phases, the first of which is underway while the second is not yet a firm "go" for any particular time.

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Has Skanska pitched this building to General Electric?

I highly doubt GE would. They are going through a major structural change right now. They are killing off their Capital Real Estate to Wells Fargo and Blackstone Group (I would know, I am handling the loan sale). GE right now is looking more at layoffs than buying new space. 

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I highly doubt GE would. They are going through a major structural change right now. They are killing off their Capital Real Estate to Wells Fargo and Blackstone Group (I would know, I am handling the loan sale). GE right now is looking more at layoffs than buying new space.

But GE is also very publicly considering moving their headquarters out of Connecticut.

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  • Highrise Tower changed the title to Bank of America Tower Formerly Capitol Tower

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