tangledwoods Posted August 24, 2015 Share Posted August 24, 2015 http://www.bizjournals.com/houston/morning_call/2015/08/downtown-tower-foundation-laid-but-wont-affect.html 2 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted August 24, 2015 Share Posted August 24, 2015 My big concern with this one is the fact that Hines still has ZERO tenants for 609 Main. I would imagine that there is race to the bottom on tenant rates between Skanska and Hines right now. Skanska definitely has the better location but I would imagine that Hines is getting very aggressive on lease rates. It would be quite impressive to see the Skanska folks sign a tenant before Hines.... Well, they've announced zero tenants. I have a feeling they may have more tenants than they've announced. Quote Link to comment Share on other sites More sharing options...
AREJAY Posted August 24, 2015 Share Posted August 24, 2015 http://www.bizjournals.com/houston/morning_call/2015/08/downtown-tower-foundation-laid-but-wont-affect.html Interesting that they would go forward with the pour, with concrete work prices still elevated from the current boom. Seems like a wiser choice would have been to wait the prices out a bit, considering the vertical build is on hold as well, no? Quote Link to comment Share on other sites More sharing options...
amashgo Posted August 24, 2015 Share Posted August 24, 2015 Interesting that they would go forward with the pour, with concrete work prices still elevated from the current boom. Seems like a wiser choice would have been to wait the prices out a bit, considering the vertical build is on hold as well, no? Concrete is slated to go up another 6% at the beginning of 2016. Then, depending on how the market is, there is still the chance it hikes another 3% per quarter through '16.It won't be going back down. Now isn't a bad time - its busy, but oil prices tanking put a lot of things on hold. Once the play button is pressed again, we'll see even more hikes with minimal availability. Quote Link to comment Share on other sites More sharing options...
AREJAY Posted August 24, 2015 Share Posted August 24, 2015 (edited) Concrete is slated to go up another 6% at the beginning of 2016. Then, depending on how the market is, there is still the chance it hikes another 3% per quarter through '16.It won't be going back down. Now isn't a bad time - its busy, but oil prices tanking put a lot of things on hold. Once the play button is pressed again, we'll see even more hikes with minimal availability. Ah, that makes sense then. I have a new interest in construction / development and I'm trying to get a better understanding. Thanks for the explanation! Edited August 24, 2015 by AREJAY Quote Link to comment Share on other sites More sharing options...
Popular Post Nate99 Posted August 25, 2015 Popular Post Share Posted August 25, 2015 10 Quote Link to comment Share on other sites More sharing options...
Nate99 Posted August 27, 2015 Share Posted August 27, 2015 6 Quote Link to comment Share on other sites More sharing options...
cspwal Posted August 27, 2015 Share Posted August 27, 2015 How far up are they going to go with no lease signed? Quote Link to comment Share on other sites More sharing options...
KDW Posted August 27, 2015 Share Posted August 27, 2015 I've heard the garage is being built to 7 or 8 floors, and the rest of the site to street level. Once they decide on building the tower, the garage will top out at 12 floors. Quote Link to comment Share on other sites More sharing options...
cloud713 Posted August 27, 2015 Share Posted August 27, 2015 What do you mean the rest of the site to street level? The garage takes up the whole block I thought? Looking foward to that sexy lobby/tunnel connection.. Quote Link to comment Share on other sites More sharing options...
KDW Posted August 28, 2015 Share Posted August 28, 2015 The garage takes up the half of the block. The rest of the block will be built to street level so that the tunnels can be connected back and utilized by the masses. Quote Link to comment Share on other sites More sharing options...
cspwal Posted August 28, 2015 Share Posted August 28, 2015 For reference, here are the plans from their website: http://capitoltowerhouston.com/ It looks like the parking garage does take up the whole block as a podium. I'm not sure what it means to build it just to ground level 4 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted August 28, 2015 Share Posted August 28, 2015 Thanks cspwal.. I was almost positive the garage took up the whole block. So the whole blocks structure should go up to 7-8..? Quote Link to comment Share on other sites More sharing options...
Naviguessor Posted August 28, 2015 Share Posted August 28, 2015 Agreed that it must be the whole block. And, at least the Elevator shafts rise within the footprint of the tower. If they do build the whole Parking Garage, it looks like it will be 11 levels. Quote Link to comment Share on other sites More sharing options...
Nate99 Posted August 28, 2015 Share Posted August 28, 2015 It has been said here before, but this could have the most grandiose lobby ever for a parking garage 2 Quote Link to comment Share on other sites More sharing options...
BUfan13 Posted August 28, 2015 Share Posted August 28, 2015 This tower is 100% getting built. There is no way Skanska would have moved forward with the mat pour on such a prime piece of real estate if they weren't certain the rest of the tower would be built. Their development team is smart. They don't want chump change from parking contracts, they want big bucks from leases. It's not a question of if, but when. I can also confirm that parking on half of the block will go to 8 and the rest to street level. 4 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted August 28, 2015 Share Posted August 28, 2015 Why would they only build one side of the garage..? Quote Link to comment Share on other sites More sharing options...
ANTHONYHTOWN Posted August 28, 2015 Share Posted August 28, 2015 something just be up with this!! i think is too much work already done and to be done not to built the tower but then again there's a first or second time for everything. Quote Link to comment Share on other sites More sharing options...
CREguy13 Posted August 29, 2015 Share Posted August 29, 2015 This tower is 100% getting built. There is no way Skanska would have moved forward with the mat pour on such a prime piece of real estate if they weren't certain the rest of the tower would be built. Their development team is smart. They don't want chump change from parking contracts, they want big bucks from leases. It's not a question of if, but when. I can also confirm that parking on half of the block will go to 8 and the rest to street level. That's not true, they could absolutely pour the mat and still not be ready to move forward with the tower. They have not started construction on the office segment yet, but pouring the foundation will show any interested tenants that Skanska is ready to move forward and help "push" tenants over the finish line. It is hard for a tenant to committ to such a large expense without a little more skin from the landlord, I know of one that is very close and will likely make the decision to relocate to Capitol Tower. I guess we will see. 4 Quote Link to comment Share on other sites More sharing options...
Naviguessor Posted August 29, 2015 Share Posted August 29, 2015 I guess I have a hard time seeing how the can split the garage from the tower. From the floor plans that cspwal show, they are so Intigrated that building up half looks impossible. Tunnel/steet level atrium straddles the footprint of both halves. And the elevator shafts for the garage are between the elevator shafts of the tower. Could they really build them as seperate cores? I don't think that this is like houston first building where the garage and the office/hotel building are built completely ape rarely. 1 Quote Link to comment Share on other sites More sharing options...
mollusk Posted August 29, 2015 Share Posted August 29, 2015 My guess about why building just part of the parking garage makes sense: There is a lot of demand for parking in that part of downtown, but I imagine that they'd also like to have some dedicated in building parking for tenants without having to terminate a bunch of contracts in place. 1 Quote Link to comment Share on other sites More sharing options...
Popular Post brijonmang Posted August 30, 2015 Popular Post Share Posted August 30, 2015 (edited) 811 Rusk by Bryan Malloch, on Flickr ...And just because I thought it felt really cool looking at the surrounding towers here. Picture doesn't do it justice. 811 Rusk Neighbors by Bryan Malloch, on Flickr Edited August 30, 2015 by brijonmang 11 Quote Link to comment Share on other sites More sharing options...
astros148 Posted August 30, 2015 Share Posted August 30, 2015 is this building going to be seen from I-10 anyone? Quote Link to comment Share on other sites More sharing options...
hindesky Posted August 30, 2015 Share Posted August 30, 2015 is this building going to be seen from I-10 anyone?At 35 stories it will be lost in the concrete jungle. Quote Link to comment Share on other sites More sharing options...
Nate99 Posted August 31, 2015 Share Posted August 31, 2015 Above street level now... 7 Quote Link to comment Share on other sites More sharing options...
tangledwoods Posted August 31, 2015 Share Posted August 31, 2015 here is a time lapse of the mat pour:https://www.youtube.com/watch?v=VZkmhx9dnEc&feature=youtu.be 9 Quote Link to comment Share on other sites More sharing options...
por favor gracias Posted September 1, 2015 Share Posted September 1, 2015 Cool video...really illustrates how efficient they were. Quote Link to comment Share on other sites More sharing options...
Luminare Posted September 3, 2015 Share Posted September 3, 2015 This tower is 100% getting built. There is no way Skanska would have moved forward with the mat pour on such a prime piece of real estate if they weren't certain the rest of the tower would be built. Their development team is smart. They don't want chump change from parking contracts, they want big bucks from leases. It's not a question of if, but when. I can also confirm that parking on half of the block will go to 8 and the rest to street level. Definitely agree with this. Plus its going to take several months just to get to the point where they will be even close to the mid-rise portion. At that point they will have probably locked in a tenant. 2 Quote Link to comment Share on other sites More sharing options...
Sunstar Posted September 9, 2015 Share Posted September 9, 2015 Found this note on a Houston development map: Capitol Tower Parking Garage"Originally planned as a 35-story LEED v4 Platinum office building has now been reduced to a 7-story, 300-space parking garage. Estimated completion 4Q 2015" That can't be right. http://devmap.io/developments/capitol-tower-parking-garage Quote Link to comment Share on other sites More sharing options...
DrLan34 Posted September 9, 2015 Share Posted September 9, 2015 (edited) https://www.bisnow.com/houston/news/deal-sheet/this-weeks-houston-deal-sheet-49718 Skanska and subcontractor Baker Concrete Construction completed the mat foundation pour for the future Capitol Tower development Downtown. The two-day operation laid a 35k SF footprint and used 9,300 cubic yards of concrete and 2.4M pounds of rebar. Capitol Tower is one of only three buildings in the US to receive LEED Platinum v4 pre-certification. That sustainability was at play during the mat pour—60% of the cement needed was replaced with fly ash, a recycled product that will prevent 1 million pounds of CO2 emissions. Skanska will also complete the seven-story garage on the southern portion of the property and continue construction on the north side up to street level, but will not go vertical on its 35-story, 750k SF office tower until it locks in an anchor tenant.Read more at: https://www.bisnow.com/houston/news/deal-sheet/this-weeks-houston-deal-sheet-49718?utm_source=CopyShare&utm_medium=Browser Edited September 9, 2015 by DrLan34 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.