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Founders District/The Cannon Mixed-Use At Beltway 8 & I-10


Urbannizer

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We have a 20% vacancy rate on office space in this city and the major tenants ( 0il and gas and related businesses) are consolidating, reducing staff and using less space.  I addition, there is a helluva lot of sublease space on the market.  One would think that start-ups can find a deal in Class B  buildings or in short term subleases in downtown, uptown or energy corridor buildings.  At current absorption rates we have a dozen years of excess office space and building this space for start-ups appears to me to be ill--conceived. 

 

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  • The title was changed to Founders District/The Cannon Mixed-Use at Beltway 8 & I-10
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https://apnews.com/press-release/business-wire/technology-business-houston-building-construction-construction-and-engineering-a35fe70f7b0f44d6b31a450c193c6ade

 

The Founders District, an experiential mixed-use community in West Houston, welcomes Chevron to the building that houses The Cannon, a flexible workspace and innovation hub. Chevron is creating a digital makerspace where they will partner with start-up companies and community organizations in Houston’s innovation ecosystem to test emerging technologies that add efficiencies to their business and operations. Chevron will join Corva, Texas Citizens Bank, and Baker Tilly in the western portion of the Cannon building, directly off Brittmoore Road.



 

Chevron has been a key sponsor of The Cannon since 2018, occupying a branded office space within the innovation hub. The company recently executed a new lease agreement for a significantly larger footprint at The Cannon.

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While this is a little off subject, The owners of the Cannon just bought the property where my studio is located (The Rythm Room/1410 Brittmore)  which is half a block from the Cannon. We're being told that they are creating high line studio facilities in each of the 4 buildings, which are about 10,000 square feet each.

 

For those not in the music community here, Brittmore is becoming a musicians hotbed with hundreds of studio and rehearsal spaces. DW Drums/Cymbal Fusion recognized what's been happening and just built a store right across the street from our studio... 

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7 hours ago, texan said:

https://powderkeghouston.com

Well this ended up being very different from the originally proposed rendering. Sad the rest of this project has gone nowhere. Could've been something great!

It's still a fun spot. I've been going there for after work drinks for a while now. Also, they could still build out the area so having a pole building with some shipping containers is probably a good thing for now. 

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On 4/13/2022 at 4:56 PM, Powermac said:

While this is a little off subject, The owners of the Cannon just bought the property where my studio is located (The Rythm Room/1410 Brittmore)  which is half a block from the Cannon. We're being told that they are creating high line studio facilities in each of the 4 buildings, which are about 10,000 square feet each.

 

For those not in the music community here, Brittmore is becoming a musicians hotbed with hundreds of studio and rehearsal spaces. DW Drums/Cymbal Fusion recognized what's been happening and just built a store right across the street from our studio... 

Need a new thread for this!

https://www.bizjournals.com/houston/news/2022/04/28/real-estate-joint-venture-develops-coworking-space.html

Houston real estate joint venture building ‘creative workspace community’ near CityCentre

Apr 28, 2022, 2:58pm CDT

A joint venture between two Houston-based real estate companies purchased 40,000 square feet of warehouse space in west Houston near CityCentre and plans to turn it into a “creative workspace community,” to be called The Quad.

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Edited due to copyright. Remember to summarize and link. Don't copy and paste.
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We're hearing a different plan than the above. I'm in the building next to the 1st building which is being renovated, and don't see anything like what's described. What's being built are much smaller spaces (interior). 

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  • The title was changed to Founders District/The Cannon Mixed-Use At Beltway 8 & I-10

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