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4 hours ago, CREguy13 said:

They haven't released the plans yet, but I imagine they are coming soon since construction has been underway for about a month now.  Judging by the scaffolding around the entire building, they're likely removing the paneling on the first floor. 

 

I don't think it makes sense for restaurant/retail on the Travis street side as that's where the tunnel connection and escalator are.  I'm wondering if they get creative and take the successes from Capitol Tower to open up Travis, so you have much more natural light/direct access to the tunnel from the street level. 

 

I do think that you have restaurant/retail space on both Texas and Milam street.  Texas side engages Texas Tower's active ground-level and Milam engages Jones Hall which Chase Tower was originally designed to complement.  My hope is the Plaza area will be re-imagined to support/serve as gateway to Theater District and be activated for building tenants/Jones Hall private events similar to what the new Lynn Wyatt Square aims to do for Alley Theater.  

 

I've heard rumors the price tag is between $20-30m so I'm optimistic this will exceed expectations with Hines involved.  They are working to rebrand this area of downtown as the 'North District' so this renovation must fit the legacy they are building.

 

Great info. Another factor is that Hines has moved its HQ to the new tower across the street, so they are really picking the decor for their own house, not somebody else's. Critical to recruiting talent to a global development firm in the 21st century is a great urban environment, just like 40 years ago it was "have an awesome mall next door" when they moved into Transco.

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I like it a lot in it's simplicity and it's history. So I'll repeat my thoughts anytime someone calls it ugly.   Apart from it's height, you could teleport/swap it to the Shinjuku District i

Posted Images

Per HBJ here:

https://www.bizjournals.com/houston/news/2019/10/28/its-official-hines-pe-firm-buy-houstons-tallest.html

 

Quote

 

Renovations are planned for 600 Travis Street, which is the tallest building in Texas at 75 stories and contains more than 1.7 million square feet with 22,237 square feet of retail space. Improvements will include major updates to the lobby and exterior plaza area; the addition of connected, collaborative workspaces as well as a new conference center; and enhancements to other building common elements, per the release. The plaza's focal point — Joan Miró's "Personage and Birds" sculpture — will remain on-site. St. Louis-based architecture firm HOK is designing the renovations.

 

"Our goal is to enhance 600 Travis’ position as one of the top office buildings in the southwest," John Mooz, senior managing director at Hines, said in the release. "With significantly more activated common space and opportunities, the repositioning will promote greater tenant attraction and retention and will be a testament to Hines’ unmatched ability to maintain an asset’s architectural heritage while fostering a contemporary image for the modern workplace."

 

 

There was an RFP to a few architectural firms for concepts last year, but I hadn't paid attention to which firm was awarded. Looks to be HOK per this article. 

Edited by jermh
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I didn't get a picture but, the scaffolding on the Jones Hall side of the building was blown over by wind gust about 4:30-5pm yesterday. Most of it fell on to the ramp to the basement garage, and by 8ish the company that put it up was onsite removing the collapsed scaffolding debris. All but about confirmed my previously irrational fear and not being a fan of walking under it. ;)

Edited by jermh
typing is hard.
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If they are expanding the ground floor, wonder how high and far they're going to do it. Hope it's something akin to the Texas tower retail, that would be a great addition to this part of Downtown. 

Hoping we get some sort of information soon, especially considering it might be a major renovation to the tallest tower in Texas. 

 

It honestly feels like Hines is changing this whole area by itself, it's insane how much they're adding. 

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Honestly, I don’t think that this is “construction” related. They do this when they do work on the exterior of building to protect the sidewalk below. Maybe they are cleaning, repairing/replacing damaged granite, or doing something more than just washing the windows. 

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10 hours ago, wxman said:

It's sad that our state's tallest building is also one of the ugliest. There is nothing special about this building at all. Just a tall, gray, bland, box. 

I can't believe you criticized something designed by I M Pei. How dare you! Everyone knows that the designers of the late 70's were the best ever, and we've been on a long downhill slide ever since, with nothing of note appearing for 40 years.😆😁🤣😂

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I think Pei once stated that they were going for a certain effect with this building and it didn't come out the way they wanted it. It does look good when you're sitting on the Pierce Elevated and the evening sun is hitting it, makes the granite kind of sparkle and the windows shimmer. Otherwise yeah, it's just a mass.

 

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It looked like they are working down the building, drilling the same holes they did on the ground level from the top via the window washing platforms. I snapped some photos with the telephoto lens from the Rice garage roof last week, but I never really looked to see if they came out. If they suck, I'll get out there today or tomorrow and take some more.

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On 6/8/2020 at 10:55 AM, Tumbleweed_Tx said:

AFAIK, it;s still the tallest 5 sided building in the world.

 

 

how far do they go with these?

 

I now have an irrational desire to make the tallest 243 sided building in the world.

 

them: "but sir, it is only 1 story tall."

 

me: "I know, but it is the tallest 243 sided building in the world, and I demand recognition!"

Edited by samagon
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On 6/28/2020 at 10:57 AM, hindesky said:

Before and After for the new siding anchors.

cW1OcXd.jpg

zjKQuO8.jpg


I think they’re gonna cover this tower in glass. Similar to what was done to the federal building on the other side of downtown 

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Here's the scope of work per TDLR.

Quote

Retrofitting Level 2 and portions of Level 1 of an existing office tower as a conference center; expansion of tower entrance lobby atrium; new landscape architecture at outdoor areas (the plaza) including seating areas and planting areas

 

jcAKtbB.png

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This area of downtown is going to transform at a rapid pace...

 

Hines lands tenant for 250K-SF lease in Houston's tallest office tower with renovations underway

   
 
By Jeff Jeffrey  – Reporter, Houston Business Journal
Jul 13, 2020, 2:23pm CDT
 

Hines has landed a major tenant for Houston's tallest office tower, which the Houston-based firm is in the process of renovating.

An unnamed financial services firm has agreed to lease 250,000 square feet of space in the 75-story office tower at 600 Travis St., which is commonly known as JPMorgan Chase Tower, according to a press release. The lease comes after Hines and an affiliate of New York-based Cerberus Capital Management teamed up to buy 600 Travis and the adjacent building at 601 Travis St., formerly known as JPMorgan Chase Center, in October.

Hines is in the midst of renovating 600 Travis, which will see significant updates to the lobby and exterior plaza; the addition of connected, collaborative workspaces; enhancements to other building common elements; and the addition of a conference center that can accommodate up to 150 people. The renovations were designed by St. Louis-based HOK, according to a news release.

“The planned changes to the building’s ground-floor plane will be some of the most transformative in our firm’s history,” Hines Senior Managing Director John Mooz said in a statement. “For several years, our team has contemplated the unique untapped potential of the building’s large plaza area. The renovation takes strong advantage of that opportunity and that vision resonated with our new tenant.”

Here are some highlights of the renovations:

  • The exterior plaza will be converted into an urban garden, featuring increased green space, an expanded canopy and more connections from the outdoors to the building.
  • The lobby renovations will see additional retail space added, which will provide new food and beverage options to tenants.
  • The renovations will also reimagine the entrance, paying homage to the building’s designer I.M. Pei, who died last year.
  • The five-story curtainwall will switch from the existing current chrome and glass grid to a new trapezoidal pyramid, which will add almost 3,000 square feet to the lobby.
  • The former Sky Lobby on the 60th floor will be redesigned as an exclusive “Sky Lounge” for tenants. The lounge will provide space for tenant meetings and collaboration.

Hines and Cerberus Capital Management paid an undisclosed sum to purchase 600 and 601 Travis last year in what was reported to be one of the largest property deals of 2019.

The building was valued at $473.5 million as of Jan. 1, 2020, according to Harris County Appraisal District records.

Hines continues to manage the office tower. In the lease with the unnamed financial services firm, Hines and Cerberus were represented by Michael Anderson, Diana Bridger and Margaret Elkins of Cushman & Wakefield as well as Chanse McLeod with Hunton Andrews Kurth.

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Seems we now have the *checks notes*, tallest 6 sided building in the world.  

 

This honestly looks great, chase tower always needed some more green around it. Also like the addition of the conference room, and lobby retail. Seems like they're also renovating the sky lobby.  Definitely a great remaster of the big boy. 

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We get an upside down Pyramide du Lourve, even more steps with hand rails chopping up the plaza, and monkey grass? It's like the destroyed 5555 San Felipe/Marathon Tower sans the trees. Even they had the sense to get rid of it and it's the most suburban skyscraper we have.

 

I say Boo, Boo on Hines, and Boo on this (initially of course).

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Great news, but...

 

"Finally, the former Sky Lobby on the 60th floor will be redesigned as an exclusive “Sky Lounge” for tenants to enjoy. With comfortable, elegant furnishings and seating vignettes, tenants will be welcome to use this space as a “third place” for meetings and collaboration."

 

Looks like Houston's favorite sky lobby is closed to the public for good. Any hopes that Hines would bring back the civic sense that brought us that lobby in the first place are dashed.

 

Edited by H-Town Man
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5 hours ago, Houston19514 said:

Looks great!  I'm eager to learn who the new new tenant is.  Hopefully a relocation from out of state.

I believe the article mentions that sources say it’s JP Morgan Chase, they’ll leave the offices they have at 1111 Fannin. 

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6 minutes ago, nate4l1f3 said:

I believe the article mentions that sources say it’s JP Morgan Chase, they’ll leave the offices they have at 1111 Fannin. 

 

Huh? The building is no longer called Chase Tower...

 

Wouldn't it be weird if they had no offices in 600 Travis and its called Chase Tower... then the move offices TO Chase tower, but the tower drops their name!?

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12 minutes ago, Avossos said:

 

Huh? The building is no longer called Chase Tower...

 

Wouldn't it be weird if they had no offices in 600 Travis and its called Chase Tower... then the move offices TO Chase tower, but the tower drops their name!?

collection mind blown GIF

 

Haha looks to be the case

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24 minutes ago, nate4l1f3 said:

I believe the article mentions that sources say it’s JP Morgan Chase, they’ll leave the offices they have at 1111 Fannin. 

 

Ahhhh, that tidbit wasn't originally in the article (apparently was added in the 4:31 PM edit.)  Good catch.

 

 

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7 minutes ago, H-Town Man said:

I had a feeling this was going to be a relocation from another downtown building. Will be interesting to see if their footprint is increasing or contracting; my guess would be the latter.

 

 

Yeah, I figured that as well.  And, yes, unfortunately, most relocations (even from out of town) tend to take less space than they formerly had.  Oh well.  Still good news.

 

Bleehhhhh, it looks like they currently lease the entire building at 1111 Fannin (428,000 square feet)

Edited by Houston19514
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3 hours ago, Houston19514 said:

 

Yeah, I figured that as well.  And, yes, unfortunately, most relocations (even from out of town) tend to take less space than they formerly had.  Oh well.  Still good news.

 

Bleehhhhh, it looks like they currently lease the entire building at 1111 Fannin (428,000 square feet)

Edit: Nevermind, blame the covid for unclear thinking.

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53 minutes ago, Montrose1100 said:

That's bad news for One City Centre. Fingers crossed we don't get renderings for a new facade like 800 Bell.

 

It's bad news for 1111 Fannin.  Not so much for One City Centre (which is a different building, at 1021 Main).

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3 hours ago, Houston19514 said:

 

Yeah, I figured that as well.  And, yes, unfortunately, most relocations (even from out of town) tend to take less space than they formerly had.  Oh well.  Still good news.

 

Bleehhhhh, it looks like they currently lease the entire building at 1111 Fannin (428,000 square feet)

 

Costar shows them having only 348k SF at 1111 Fannin, expiring September 2021. 

 

The silver lining in 1111 Fannin getting vacated is that it could inspire a renovation, one which would help tie it in to what is going on across the street with GreenStreet.

 

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30 minutes ago, H-Town Man said:

 

Costar shows them having only 348k SF at 1111 Fannin, expiring September 2021. 

 

The silver lining in 1111 Fannin getting vacated is that it could inspire a renovation, one which would help tie it in to what is going on across the street with GreenStreet.

 

 

I was going off of this JLL listing:  https://www.us.jll.com/en/investorcenter/office/1111-fannin-houston-tx-unitedstates

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16 hours ago, H-Town Man said:

 

Costar shows them having only 348k SF at 1111 Fannin, expiring September 2021. 

 

The silver lining in 1111 Fannin getting vacated is that it could inspire a renovation, one which would help tie it in to what is going on across the street with GreenStreet.

 

I agree 1111 Fannin being vacated may be the bigger story. However in my opinion, the real silver lining is that the current owner buys distressed assets and I believe got this on the cheap a few years back after the previous owner defaulted on its loan.  I'd bet this will be put on the market in the not too distant future and be picked up by a major developer *cough Hines *cough.  This is one of the most desirable locations for development in CBD with its proximity to Greenstreet, Red Line station, Houston Center, Discovery Green, and Skanska mixed-use among several others.  To me this has building demo and Hines next masterpiece written all over it.

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1 hour ago, CREguy13 said:

I agree 1111 Fannin being vacated may be the bigger story. However in my opinion, the real silver lining is that the current owner buys distressed assets and I believe got this on the cheap a few years back after the previous owner defaulted on its loan.  I'd bet this will be put on the market in the not too distant future and be picked up by a major developer *cough Hines *cough.  This is one of the most desirable locations for development in CBD with its proximity to Greenstreet, Red Line station, Houston Center, Discovery Green, and Skanska mixed-use among several others.  To me this has building demo and Hines next masterpiece written all over it.

 

The sale price in 2018 was $52 million, although apparently not arm's-length, but likely near the value. That comes to around $875 a foot of land, which is still far away from demolition territory - I think Skanska paid around $300/SF for their blocks. And demo would cost a lot for this building. I also don't think this part of downtown is that hot due to the homeless and lots of Class B buildings. Greenstreet has yet to show real signs of life and the attempted redevelopment of the Sakowitz garage went nowhere. You still have ugly food stores in mummified buildings on Main. This building could be some sort of innovation incubator, but downtown might be getting maxed out on those. Someone is going to have to get creative.

 

I don't understand why JPMorgan would put their back offices in a building like this, then bring them back to the tallest building in the city and demand a renovation. What are they doing? Has the area slipped that much that they can make a quality jump like that?

 

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