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tangledwoods

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

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Well, at least the quote indicated "until 2016" and not "until 2016 at the earliest."  I am optimistic this will move forward, but the timeline just might be a bit slower than we would like. However, I think it will--simply by virtue of its bulk and height--ad quite the presence to the Downtown skyline and act as a counterbalance to the south of the Wells Fargo Plaza.

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The tower will happen most likely... not sure when, but happy to know its still in the plan.

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The tower will happen most likely... not sure when, but happy to know its still in the plan.

 

How do you figure that?

 

I feel like this Chevron statement was wishy-washy. I really really hope this gets built... it's a beautiful tower and it's tall... but it feels like a 50/50 chance that it does get built. They don't want to overspend and are willing to sell their assets, but then they want to spend several hundred million dollars on a shiney new tower? Something doesn't sound right there.

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How do you figure that?

 

I feel like this Chevron statement was wishy-washy. I really really hope this gets built... it's a beautiful tower and it's tall... but it feels like a 50/50 chance that it does get built. They don't want to overspend and are willing to sell their assets, but then they want to spend several hundred million dollars on a shiney new tower? Something doesn't sound right there.

 

I didn't think the statement was necessarily wishy-washy or inconsistent. It sounded to me as though Chevron is committed to moving forward eventually, but that the tower might be subject to further delays depending on how the market shakes out. I would love to see a 2016 start but would not be shocked for a push into 2017 or 2018. However, given the really long drought this city had in skyscraper construction (the skyline barely changed when I was growing up here in the 90's), a delay of a few years is not so bad. 

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How do you figure that?

 

I feel like this Chevron statement was wishy-washy. I really really hope this gets built... it's a beautiful tower and it's tall... but it feels like a 50/50 chance that it does get built. They don't want to overspend and are willing to sell their assets, but then they want to spend several hundred million dollars on a shiney new tower? Something doesn't sound right there.

 

"We remain committed to the new building"   does not sound very wishy-washy to me.

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All right, perhaps we can simply expect more delays. I don't know... here's my thinking. Say this oil market just doesn't improve at all for a while and say this hurts Chevron's budget more than they expect. I know they say they are committed now, but what if that just doesn't look realistic a year from now? If HAIF hasn't understood me yet, I like to challenge the consensus here even if I agree with it. I hope this tower gets built and this article does make me feel a bit optimistic but I am still not convinced this tower is a sure thing despite what they are saying. We'll check back to this section of the thread in a year from now and see what actually panned out.


yeah i think the start date is the only wishy washy part. maybe it will allow for a redesign?

 

Or not as tall. I hope not.  :(

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yeah i think the start date is the only wishy washy part. maybe it will allow for a redesign?

 

A redesign would be nice. There's nothing wrong with the current design, but I think they could do a little better in tying it in with their other two buildings.

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I wouldn't mind a redesign ... there is always a better design ...

 

...And then there is always a worse design and a smaller tower. Budget cuts, baby! "Yea, we are committed to this thing but it's 30 stories now and it resembles the Embassy Suites by DG." No thank you!

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Don't get me wrong, I love the podium and wouldn't change a thing about that part. I just wish the tower itself had a little more of a signature element to it. Then again Wells and 600 Travis don't really have much pizzazz(?).

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chev·ron
ˈSHevrən/
noun
 
  1. a line or stripe in the shape of a V or an inverted V, especially one on the sleeve of a uniform indicating rank or length of service.

 

 So, we add a light-up crown in the shape of a Chevron to get this thing's height over 900 feet (and maybe a little bit over the Williams Tower).

 

Now, all I need to do is persuade Chevron that this is a good use of their money. :-) 

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All right, perhaps we can simply expect more delays. I don't know... here's my thinking. Say this oil market just doesn't improve at all for a while and say this hurts Chevron's budget more than they expect. I know they say they are committed now, but what if that just doesn't look realistic a year from now? If HAIF hasn't understood me yet, I like to challenge the consensus here even if I agree with it. I hope this tower gets built and this article does make me feel a bit optimistic but I am still not convinced this tower is a sure thing despite what they are saying. We'll check back to this section of the thread in a year from now and see what actually panned out.

 

Or not as tall. I hope not.  :(

 

doesn't it go without saying that if things go to hell in handbasket of course all sorts of projects will get cancelled, this included? you could say the exact opposite too - if all of these idled rigs cuts production in half by next month and oil bounces back to $85 a barrel they'll probably break ground this year.

 

everything is subject to change

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doesn't it go without saying that if things go to hell in handbasket of course all sorts of projects will get cancelled, this included? you could say the exact opposite too - if all of these idled rigs cuts production in half by next month and oil bounces back to $85 a barrel they'll probably break ground this year.

 

everything is subject to change

 

Very true. Let's hope for the best!

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I think they'll proceed, but of course, I don't expect them to delay. The only thing that'll cause another delay, is if the oil price goes down again. 

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Windows need to have Chevron Hatching with a chevron shaped crown at the top. It would be like inception. Chevron within a Chevron within a Chevron. 

Edited by Purdueenginerd
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Windows need to have Chevron Hatching with a chevron shaped crown at the top. It would be like inception. Chevron within a Chevron within a Chevron. 

 

post-13094-0-34242000-1426280281.gif

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That's awesome news as we will need a big ass crane in the sky in 2016 and for the Super Bowl.

 

Doubtful. I suspect that even IF the building broke ground on Jan 1, 2016, you wouldn't have a very tall building in a year's time. What you guys think? Maybe 20 stories up by the time Super Bowl gets here? 

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The hype for this tower in this current environment is incredible. Oil fell 50% not the 80s but everyone is rethinking everything. Everything.

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Getting back to topic, I doubt we will see much above ground level by the time the Super Bowl comes around. If this gets going in 2016, I suspect it would be in the 2nd half of the year. I am ever optimistic that it will get built eventually, but Chevron can keep that lot blank to their heart's content without a significant tax or liability-risk hit.

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Where did the 832' height number come from?  Wasn't that just an estimate based on how it looks surpassing 1600 Smith?

 

Just as a note, since someone posted the FAA filings for another building, I went and looked this one up on the website.

 

The initial HOK rendering was proposed at 859 feet in height.

 

https://oeaaa.faa.gov/oeaaa/external/searchAction.jsp?action=displayOECase&oeCaseID=202116051&row=0

 

Whether that's true anymore with potential changes as it's on hold, who knows?

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Just as a note, since someone posted the FAA filings for another building, I went and looked this one up on the website.

 

The initial HOK rendering was proposed at 859 feet in height.

 

https://oeaaa.faa.gov/oeaaa/external/searchAction.jsp?action=displayOECase&oeCaseID=202116051&row=0

 

Whether that's true anymore with potential changes as it's on hold, who knows?

 

Also says 52 stories.

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Looks like they have until the end of July to take action without having to refile an application? Is that what the expiration date means?

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I thought it was 52 stories on top of a 6-story podium for a total of 58. 859 feet would be quite nice.I t

I thought so too, although if we look back at brijonmang, he said that it was 52 stories a top of the 6 story podium on 11/13/14, the website of the FAA was received on the 20th the same month, maybe they chaned their minds? Idk? Or maybe they forgot to mention it at the time, or maybe it was under consideration. I have no idea...

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I'm pretty sure it's not going to be redesigned. It's just on hold for the time being. It's the largest project in Houston in the last 30 years, let's just be happy there will be a new addition to the skyline.

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I'm pretty sure it's not going to be redesigned. It's just on hold for the time being. It's the largest project in Houston in the last 30 years, let's just be happy there will be a new addition to the skyline.

Economics have changed from even 2 years ago (construction cost, the market, etc.) so the design could certainly have changed. Like I said a couple of months ago, sure, they may be committed to build a tower but who knows what the end result will be. I'm hoping for the best, prepared for whatever else comes.

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Economics have changed from even 2 years ago (construction cost, the market, etc.) so the design could certainly have changed. Like I said a couple of months ago, sure, they may be committed to build a tower but who knows what the end result will be. I'm hoping for the best, prepared for whatever else comes.

 

I think it will be all or nothing. They'll build the tower they originally planned or they won't build a tower at all. I don't think they'll waste that lot on a scaled down building that won't serve their future needs.

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I think it will be all or nothing. They'll build the tower they originally planned or they won't build a tower at all. I don't think they'll waste that lot on a scaled down building that won't serve their future needs.

I don't know - my company is looking at building a new scaled down building that won't serve our future needs. Investors/board members can sometimes be very conservative with their capital money now even with a clear savings in the next few years

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I don't know - my company is looking at building a new scaled down building that won't serve our future needs. Investors/board members can sometimes be very conservative with their capital money now even with a clear savings in the next few years

 

I agree with you. I think they'll be conservative and not build the tower as opposed to a building that essentially will cost a lot and not yield enough space. If they don't build now I feel like it will be down the road a few years and it will be what they originally planned but there is plenty of office space to lease in adjacent buildings downtown until they think it's the right time to build.

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On 4/16/2015 at 12:59 AM, toxtethogrady said:

WTI is $56 a barrel this evening. Slowly, slowly...

 

-

Edited by Timoric
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