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Noble Energy Tower - 20 Stories at 249 & Louetta

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http://fuelfix.com/blog/2013/01/25/noble-energy-planning-20-story-office-tower/

 

 

Developers are planning a 20-story office tower for Noble Energy Inc., a project that will create a corporate campus spanning nearly 1 million square feet for the Houston-based independent energy firm.

 

The 456,000-square-foot building, which will have an eight-story parking garage and a “town hall” for large employee gatherings, will be developed at the southwest corner of Texas 249 and Louetta.

 

The building will go up next to twin 10-story buildings Noble leased last year and plans to move into in May.

 

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Interesting.  It looks like this will go on the piece of land that currently sits vacant adjacent to the highway.  The old Compaq campus sure has been carved up and recycled.

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This area is already getting busy (trying to grab lunch is fun).  Should be even busier after Noble moves into the twin 10s in May . . . 

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Here's the press release:

 

NOBLE ENERGY CENTER TWO OFFICE BUILDING TO BE DEVELOPED IN HOUSTON, TX BY TRAMMELL CROW COMPANY AND PRINCIPAL REAL ESTATE INVESTORS
--Energy Firm Signs Second Building Lease Adjacent to New Global Headquarters; Plans
New Building to Accommodate Future Growth--
HOUSTON, TX - Trammell Crow Company (TCC), in joint venture with Principal Real Estate Investors, announces that Noble Energy, Inc. (NYSE: NBL), a leading independent energy company, has signed a lease for a new building to accommodate the Company's continued growth. Noble Energy selected TCC and Principal Real Estate Investors to develop the new building which will be called Noble Energy Center Two - a 456,000 square-foot build-to-suit office building located in Houston's Northwest submarket.
The development of Noble Energy Center Two is the result of continued expansion by Noble
Energy, following its prior commitment in January 2012 to lease the entire 498,000 square-foot,
10-story office building at 20555 State Highway 249, now called Noble Energy Center One. TCC
and Principal Real Estate Investors initially purchased the building and adjacent land parcel in
May 2011 from Hewlett Packard Corporation. The two buildings will be connected via an
elevated sky bridge. Together, they will serve as Noble Energy's new global headquarters and will total 954,000 square feet of leased space. Noble Energy Center Two is expected to break ground in the summer of 2013 and be completed by mid-2015.
"This expansion is part of a long-term plan designed to enhance Noble Energy's performance. Our new headquarters campus will accommodate our continued and exciting growth, while creating an environment that encourages creativity and teamwork," stated Charles D. Davidson, Noble Energy Chairman and CEO.
The 20-story, Class A office building will feature an integrated eight-story parking garage and an adjacent Town Hall to serve corporate meetings. The development team is seeking LEED® Silver
certification by the US Green Building Council. Kirksey Architects has been retained as the project's architect.
The campus is located at the corner of State Highway 249 and Louetta, adjacent to The Vintage, a master-planned mixed-use community that features 537,000 square feet of retail/office space, over 1,600 upscale residences, two apartment communities, a 123-room hotel, Kelsey-Seybold Clinic, and a St. Luke's regional hospital. It is also situated among an abundance of attractive wooded neighborhoods, golf courses, premier retail and restaurants and regional parks. Access is provided by way of Beltway 8, SH 249 and the planned Grand Parkway expansion, which will improve regional mobility throughout north and west Houston.
Jim Arket, CCIM and Mona Williams of James Arket and Company represented Noble Energy in the lease transaction, and Cody Armbrister and Steve Rocher of CBRE represented TCC and Principal. Aaron Thielhorn, Kevin Schmok and Brandon Houston with Trammell Crow Company and Joe Wanninger with Principal Real Estate Investors will lead the development team.
About Noble Energy
Noble Energy, Inc. (NYSE:NBL) is a leading independent energy company engaged in worldwide oil and natural gas exploration and production with core operations onshore in the U.S., primarily in the DJ Basin and Marcellus Shale, in the deepwater Gulf of Mexico, offshore Eastern Mediterranean and offshore West Africa.
About Trammell Crow Company
Trammell Crow Company, founded in 1948, is one of the nation's leading developers and investors in commercial real estate. It has developed or acquired over 525 million square feet of buildings with a value exceeding $55 billion. As of September 30, 2012, Trammell Crow Company had over $4.6 billion of projects in process and $1.9 billion in its pipeline.
Trammell Crow Company's teams are dedicated to building value for its clients with professionals in 15 major cities throughout the United States. The company serves users of and investors in, office, industrial, retail, healthcare, multi- family residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients' needs. For investor clients, the company offers large strategic joint ventures, opportunity funds, and other targeted investment options.
Trammell Crow Company is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and
S&P 500 company headquartered in Los Angeles and the world's largest commercial real estate services firm (in terms of
2011 revenue). For more information visit www.TrammellCrow.com.
About Principal Real Estate Investors
Principal Real Estate Investors manages or subadvises $42.7 billion in commercial real estate assets. The firm's real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.

 

 

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post-1-0-12722200-1359646621.jpeg

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Noble energy is relocating it's HQ to the former HP campus and will build a new 20-story office building at the intersection of 249 & Louetta. When completed, the Noble Energy campus will comprise of nearly 1 million square feet of office space.

 

"To prepare for additional employee growth through 2025, Noble plans to build a 20-story tower across from the existing buildings that will be connected with a sky bridge. The new building is expected to be complete by 2015, at which time about 1,600 employees are expected to be working at the facilities, Robison said."

 

Link:

http://impactnews.com/articles/northwest-houston-poised-for-future-economic-growth/

Edited by mrfootball

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Generic box. Seems they missed an opportunity to build something nice in midtown.

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Generic box. Seems they missed an opportunity to build something nice in midtown.

Actually it seems like every company that is building new offices is missing on the opportunity to build something nice in Midtown. Too bad, they don't listen to you.

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Generic box. Seems they missed an opportunity to build something nice in midtown.

What am I missing here? Midtown?

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What am I missing here? Midtown?

 

Just a poster who can't understand why everything doesn't get built in his/her particular neighborhood.

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Just a poster who can't understand why everything doesn't get built in his/her particular neighborhood.

Don't be knockin one of our premier posters, man.

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Drove by yesterday.  They already have a lot of the rebar for the foundation and first levels of columns in place.  I will be able to get pictures of this one as it goes up.

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^its already built. They moved into a 10 story, 500k sq ft building that was formerly part of the HP Campus and are having this 20 story, ~500k sq ft project built to accomadate future growth. This part of town is really blowing up every time I'm in the area everything looks completely different.

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^its already built. They moved into a 10 story, 500k sq ft building that was formerly part of the HP Campus and are having this 20 story, ~500k sq ft project built to accomadate future growth. This part of town is really blowing up every time I'm in the area everything looks completely different.

nah.. word on the street is plans for an additional 14 or so story high-rise just hit contractors desks for bidding.

unless they just got bidding for the 20 story and hes confusing that for a new project.

Edited by cloud713

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Looks good, thanks for the update.

I must protest the location.

Reminds me of the anadarko tower.

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Looks good, thanks for the update.

I must protest the location.

Reminds me of the anadarko tower.

Well then, like Anadarko this one will get a "sibling" nearby of similar height.. The 20 story building 5 at Beltway Lakes.

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Houston sure loves giving office workers scenic views of highways.

No! Shut up. Mobility has little to do with it. You know the intention was to have occupants count how many red audi go by in an hour

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This tower is so tall in the middle of no where that I can see it clearly from Memorial City.... I'll see if I can snag a photo.

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This tower is so tall in the middle of no where that I can see it clearly from Memorial City.... I'll see if I can snag a photo.

That's houston for you.

It's our city, and it ain't gonna change.

Lack of physical deterrents and lax zoning codes means that we going to keep on keeping on doing what Houston does.

I think it's about 50 years too late to gripe about it now. let's just enjoy the facts that towers are going up right now, and forget about keeping them in a dense cluster like Seattle or SF.

I complain a lot then realize I choose to be here and I love our skylines with all their faults. I think we are programmed to not appreciate what we have.

Anyway, this is a handsome building, and to contradict what I said above, I wish it was closer to downtown. Lmao

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Seeing it being constructed from the Vintage gives it a Little Woodlands feel. The vintage is successful for the restaurants but the shopping could use some help. I know the Willowbrook Mall is right down the road, but all the shops are aiming for boring suburban housewives. Don't get me wrong, I wish every store success but there are no options for me.

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