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tangledwoods

New Chevron Tower for Downtown Houston - 58 stories at 1600 Louisiana

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The flier says something like 'unparalleled tunnel access.'

 

Last I checked, the Skanska project has 5 tunnel connections. 

 

Also I think we should all remember that Linebeck, Skanska, and Hines are all chasing the same group of potential tenants.  I think we will see one of the three go in the next year maybe two if we are lucky.

 

Now the good news is that there is a 50ish story tower that will beat all 3 of these out of the ground.

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A 50 story proposed other than the three you just mentioned? How confident are you of this information?

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A 50 story proposed other than the three you just mentioned? How confident are you of this information?

 

gotta be referring to the Chevron tower...

 

I am pretty confident with my intel  :)  the only thing I haven't been able to get firm on is a start date, but everything I hear leads me to believe we will see it break ground in the next 12 months.

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I am pretty confident with my intel  :)  the only thing I haven't been able to get firm on is a start date, but everything I hear leads me to believe we will see it break ground in the next 12 months.

 

Hmmm.... Are you referring to the Allen tower? What is it... Allen 5?

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Hmmm.... Are you referring to the Allen tower? What is it... Allen 5?

H

The chevron tower and 5 Allen are different

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I was referring to Chevron.

 

Can you tell us more about this project...I am not familiar with it unless it was one of those towers that were floated out a few years back.

 

Is Chevron running the design of this building instead of it being a pure Spec building? This has a HUGE implication on it being a trophy tower instead of a 'safe' building hoping to attract tenants.

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H

The chevron tower and 5 Allen are different

 

Right. I didn't realize he was talking about Chevron.

 

Can we at least know what part of the city it's going to be built in? :D

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Right. I didn't realize he was talking about Chevron.

 

Can we at least know what part of the city it's going to be built in? :D

 

on the former YMCA block

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on the former YMCA block

 

I am starting to think that King Owl and I have the same sources!  I can tell you that the Architect has been selected and this will be a tower built specifically for Chevron.  Word on the street is that this project will be their response to the Exxon project so I think we can expect this to be much nicer than your typical spec office building.

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  Word on the street is that this project will be their response to the Exxon project.

 

A response to Exxon's campus would have to be 70+ stories!  ;)

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A response to Exxon's campus would have to be 70+ stories!  ;)

 

No, a revival of the Bank of the Southwest Tower.

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I am pretty confident with my intel  :)  the only thing I haven't been able to get firm on is a start date, but everything I hear leads me to believe we will see it break ground in the next 12 months.

 

It' scheduled to complete Q3 of 2016, with them (the big C) occupying in Q4.

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Last I checked, the Skanska project has 5 tunnel connections. 

 

Also I think we should all remember that Linebeck, Skanska, and Hines are all chasing the same group of potential tenants.  I think we will see one of the three go in the next year maybe two if we are lucky.

 

Now the good news is that there is a 50ish story tower that will beat all 3 of these out of the ground.

 

By all accounts, it will end up being 46/47 stories, with 28k sf floor plates.

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By all accounts, it will end up being 46/47 stories, with 28k sf floor plates.

 

Are you referring to the Hines or the Chevron tower?

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I think we will be hearing from a major media outlet about the chevron tower tomorrow. Don't we have an old dedicated thread about this?

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I think we will be hearing from a major media outlet about the chevron tower tomorrow. Don't we have an old dedicated thread about this?

Where did you hear that?

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I think we will be hearing from a major media outlet about the chevron tower tomorrow. Don't we have an old dedicated thread about this?

 

 

We do now!  I think there was some oblique discussion of this in the 5 Allen Center topic.

 

 

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I think we will be hearing from a major media outlet about the chevron tower tomorrow. Don't we have an old dedicated thread about this?

It's not dedicated to Chevron like I thought, but here it is.

No need to google:

http://www.houstonchronicle.com/business/real-estate/article/Houston-s-downtown-skyline-to-be-reshaped-4364923.php?t=fa84c9cb773b9e5e12&t=fa84c9cb77

Actually, read the article. Hines to break ground early next year. No new news on Chevron. Linbeck will be 750,000 sqf. No start date yet.

Edited by lockmat

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google " Houston's downtown skyline to be reshaped"

 

then hit the first link. It will get you passed the paywall. 

 

 

/edit: passed & past--- silly grammar

Edited by Purdueenginerd

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google " Houston's downtown skyline to be reshaped"

 

then hit the first link. It will get you passed the paywall. 

 

 

/edit: passed & past--- silly grammar

Thanks for the tip. That method seems to get you past the paywall for all the other "digital subscriber only" content as well. Epic fail for Chron web programmers.

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One of my contractors said 1400 Smith is undergoing renovations and that it is partially empty. He said there is already scaffolding at the base outside. Can anyone verify this? Brookfield's website says there is no space available.

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1400 Smith, along with 1500 Louisiana (and adjacent parking structures) will undergo fairly significant renovations on the lower levels (1-3), in preparation to be tied in to the new tower. There's a master plan that will renovate the entire Chevron "campus", and connect all of the structures together. Likely what your contractor is seeing/involved in.

 

 

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One of my contractors said 1400 Smith is undergoing renovations and that it is partially empty. He said there is already scaffolding at the base outside. Can anyone verify this? Brookfield's website says there is no space available.

 

It would be odd for Brookfield's site to say they had space available in 1400 Smith, since they sold the building to Chevron a couple years ago.  ;-)

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1400 Smith, along with 1500 Louisiana (and adjacent parking structures) will undergo fairly significant renovations on the lower levels (1-3), in preparation to be tied in to the new tower. There's a master plan that will renovate the entire Chevron "campus", and connect all of the structures together. Likely what your contractor is seeing/involved in.

 

Interesting.  I wonder why modifications would be necessary to 1400 Smith, when it is two block from the new tower site and already connected to the intervening building by the circular skywalk... 

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It would be odd for Brookfield's site to say they had space available in 1400 Smith, since they sold the building to Chevron a couple years ago. ;-)

You're right. I'm not sure if this contractor has actually been inside or not but he said there is some empty space but he didn't say how much. Since Chevron owns the tower, there's no way for is to really know how much is available, right? Or do those vacancy reports publicly released include owner occupied buildings?

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Interesting.  I wonder why modifications would be necessary to 1400 Smith, when it is two block from the new tower site and already connected to the intervening building by the circular skywalk... 

 

strike that. Houston19514, happy to discuss it further via PM.

Edited by hoothrewpoo

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You're right. I'm not sure if this contractor has actually been inside or not but he said there is some empty space but he didn't say how much. Since Chevron owns the tower, there's no way for is to really know how much is available, right? Or do those vacancy reports publicly released include owner occupied buildings?

only if the space would be available to the market which in chevron's case it def would not.

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only if the space would be available to the market which in chevron's case it def would not.

So they could be a quarter empty for all we know

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So they could be a quarter empty for all we know

 

Why would they be leasing space in other buildings they don't own then? It's probably just the first 3 floors if they're doing renovations and don't want people in the way.

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the rumor at Chevron is that some employees are getting moved into one of the Allen Centers because Chevron is at capacity in its two buildings and what it has at Continental.  hence, why Chevron will be building a new tower.  if any areas in the Chevron buildings are empty, my guess is that Chevron is redoing the build out for some reason (perhaps to hold more folks until the new building is complete). 

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I didn't know they were leasing in another building. All the details are coming together to confirm what some of y'all have been saying. Very Nice

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"Chevron will sublease 315,000 square

feet of the Devon sublease space in Allen Center through 2017;"
 

 

I wonder what the total square footage is of all the space they have in other buildings. That is a pretty sizable chunk alone, plus whatever else they have. It'll be interesting if they move more people here when they finally announce they'll build it like Exxon did with their campus.

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I wonder what the total square footage is of all the space they have in other buildings. That is a pretty sizable chunk alone, plus whatever else they have. It'll be interesting if they move more people here when they finally announce they'll build it like Exxon did with their campus.

 

1400 Smith has 1.3 Million Square feet.

Chevron leases more than 300,000 square feet in 1600 Smith

1500 Louisiana has 1.2 Million Square feet

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1400 Smith has 1.3 Million Square feet.

Chevron leases more than 300,000 square feet in 1600 Smith

1500 Louisiana has 1.2 Million Square feet

1600 Smith is the only other building they lease space in?

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when it's all said and done, Chevron will have 4 million sf of owned space in downtown.

That is essentially one more building about the same size of the others - 1.5mil

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1.5 mil is a pretty big building though. The JP Morgan Chase Tower is like 1.7 mil, but I thought it was mentioned that Chevron's tower would be 48-50ish stories. Does that mean really big floor plates?

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The Chase Tower footprint is relatively small for the block.  Chevron might well be planning a thicker tower. 

 

 

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Hoothrewpoo - Are there renderings for this tower yet and if so have you seen them?  Is this your typical downtown glass tower or will this be a "trophy" tower with a unique design?

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Hoothrewpoo - Are there renderings for this tower yet and if so have you seen them?  Is this your typical downtown glass tower or will this be a "trophy" tower with a unique design?

 

Dunno. Haven't seen any renderings.

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hoothrewpoo's info matches what i've heard and then some... i guess they'll be trying to create a real campus like feel on the street level which should be interesting. can't wait to see a rendering. knowing some of the players behind the scenes i'd guess pickard is the architect but that's just an estimated guess.

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Dang, I love Pickard Chilton's work, but I really hope Chevron doesn't use them too.  There are still other quality architects in the world.

 

(Pickard Chilton did BG Group Place, the ExxonMobil campus, and is doing the new BHP Billiton Tower and the new Hines tower...)

Edited by Houston19514

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the new tower will be 1.3M sf, but there will be some infill in the area between 1500 Louisiana and the new tower that bumps up the total.

Will the infill go on the property where the green space currently is ?

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I was thinking maybe they'll put three or four stories to connect the two towers, hopefully with some retail to accommodate the employees, bit that's just wishful thinking.

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