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609 Main at Texas: Hines Next Downtown Tower

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Can somebody repost the webcam link? There's 52 pages here and I don't wanna search for it, lol.

 

would be cool if the first post of all the going up threads had the pertinent information. Rendering,address,webcam,height,dates,web site link etc.

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would be cool if the first post of all the going up threads had the pertinent information. Rendering,address,webcam,height,dates,web site link etc.

 

It would be even better if this info were at the top of each page.

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What is that fortress-like columns in the back from? I mean, in the construction of 1111 Travis, some old concrete walls remained below the street level, that was from Foley's. But I can't figure out where those columns came from. Are they new? (They didn't come from the McDonald's, for sure)

 

"Texas Tower", I think, was in the lower left hand corner (is that what the other demo'd building is from?). Are the columns near/below the streets construction from that?

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Those fortress-like columns were poured months ago.  Only now are they finally removing the old walls from the Texas Tower in front of them.

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From Friday:

(Sorry about the terrible quality of this picture)

post-12513-0-25862000-1412534110_thumb.j

Edited by Sky-guy
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^^^Great photo, a little more on the top would make it even better.

 

My iPhone's internal level indicator is a bit sticky, so it took me about five tries to not have the Salvadore Dali effect with the panorama.

 

They built stairs down to the bottom of the pit. It will be interesting to see how they continue to excavate the garage portion and then connect the two parts.

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Photo credits got to Bobruss.  These are from the 609 Main site.

 

15441682326_e2f7851b49_b.jpgHines Crane by brijonmang, on Flickr

 

Close up of the Neils Esperson Building top

15278152178_07b82d2eaf_h.jpgEsperson by brijonmang, on Flickr

 

Not sure why these are coming in sideways.  Anyone know why this may be?

They look fine on Desktop. Usually when I post photos from my phone on tinypic they end up sideways on desktop.

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Word from the realty report is Hines is asking $50 a sf for this one.

wow! will that be the first building to break 50$/sq ft in Houston? i dont keep track of that sort of thing, only prices of the total building. but $50/sq ft would put this building at over $500 million, making it the most expensive tower in Houston if im not mistaken.

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I think that BG Group is the most expensive in downtown at $44/sq ft, so this would be priced considerably higher.

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BG quotes $36/SF on a 'net' basis.  When factoring in Operating expenses, the building is just over $50 'gross'.  Some are projecting the building will quote $40-42 Net, which will be a record for Houston.

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How is that calculated? is that rent per year?

 

Yes. per year I believe. That price per month would be pretty expensive.

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Yep, it's per year, per square foot leased. :-)

What if one were to buy the tower? How much can we expect this to go for if the lead tenant decides to buy it out?

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What if one were to buy the tower? How much can we expect this to go for if the lead tenant decides to buy it out?

Probably the biggest deal in Houston.

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1000 Main, which is as comparable to BG Group Place as can be considering the buildings downtown, is up for sale and supposed to go for north of $500 per square foot.   Invesco purchased BG Group Place from Hines in 2013 and they plan to hold onto it long-term.  They purchased it for $493 per square foot.

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What if one were to buy the tower? How much can we expect this to go for if the lead tenant decides to buy it out?

 

Unlikely a tenant would buy it out since they would be sinking a lot of capital into a building, which doesn't really do much for them. It's investors who want this stuff. What it sells for will depend on who leases it and how long they lease it for. One Shell Plaza sold for so much a few years ago because Shell had signed a huge (20 year?) lease. Whoever bought it was essentially buying an income stream, not a building.

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ah.. interesting. so did BG Group Place not sell to BG Group? or Hess tower sell to Hess? i assumed those corporations bought their respective buildings out.

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ah.. interesting. so did BG Group Place not sell to BG Group? or Hess tower sell to Hess? i assumed those corporations bought their respective buildings out.

 

No, they sold to investors. I think a few buildings back in the day were owner/user, including at one time the Transco Tower, which I want to say was actually owned by Hines until around 2000. Being owner/user allows for a more creative and less efficient building (certainly true of Transco) than you would have in a building that's done with investment in mind, where what's desired above all is low risk, high efficiency.

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20fu7fd.jpg

 

For the uninitiated, what are they doing, pouring the foundation on top of the foundation? What is the purpose of that space between the two slabs?

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That's not a foundation.  That looks like garage floor B1 to me (floor B2 was the one below it).  Next step is the ground floor, and then we'll be going vertical!

 

They've been making good progress excavating the other half of the block (where the remainder of the garage will go), too.

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Nice concrete placement. The boom for the pump is stretching out there a little bit.

Yea, you can lay those knuckle boom pumps flat out, they dont really have a set working range, its pretty much anywhere the boom will reach.

Those trucks have outriggers like a truck crane.

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2qsz4hk.jpg

 

Are they building another crane base for use on the garage section at the edge of the site near the curb here?  Looks like the base (grey steel thing) off to the right.

 

j9bojt.jpg

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2qsz4hk.jpg

Are they building another crane base for use on the garage section at the edge of the site near the curb here? Looks like the base (grey steel thing) off to the right.

j9bojt.jpg

That was the plan I believe..

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Gift-money.jpg


this is all that i can think of whenever i view anything regarding this wondrous edifice...


glass, class, and the bottom line...


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You can see it from street level:

 

15006237164_b0f2f9c2a9_h.jpg

609 Main at Texas by marclongoria, on Flickr

 

It's amazing how many cranes you can see from Discovery Green. Someone should take a panoramic view of it. The yellow one on the left is from 609 Main.

15440888488_c7bd5256ef_h.jpg

Discovery Green by marclongoria, on Flickr

 

 

Edited by Triton
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htownchris, no matter the shape, form, or fashion of your illustrations.  we are hereby happy to have them.  anytime... any day!

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Tried the best I could

 

Sorry for the side ways pictures, I don't know how to fix that :(

 

So I guess we hereby promote you to HAIF guerrilla photographer! Congrats :P No seriously it's a nice perspective :)

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