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BLVD Place/Hanover Towers/Apache Headquarters


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http://www.bizjournals.com/houston/morning_call/2015/11/exclusive-major-multifamily-developer-under.html

 

The Hanover Co. is under contract to buy land in the Galleria area, possibly for a new luxury apartment project.

 

The Houston-based multifamily developer plans to purchase a parcel of land just south of its Hanover Post Oak luxury apartment tower off South Post Oak Lane. The deal is expected to close by mid-January.

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Newmark Grubb Knight Frank, a relatively new brand with a long history, is consolidating its local offices into a high-profile urban space in Uptown.

New York-based NGKF has leased 38,582 square feet for a regional headquarters in 2 BLVD Place at 1700 Post Oak Blvd. at San Felipe near The Galleria. The company will take up the bulk of the office space in the building, which also houses North Italia restaurant and a Verizon retail store, and is part of the BLVD Place mixed-use development."It's an opportunity for us to introduce the brand to the community and put all of our resources and people together," said Neal Golden, vice chairman of NGKF. "It's just a first step in the expansion and the growth of the Newmark brand in Texas."

The move will bring together nearly 100 employees from NGKF's local offices, including brokers from ARA Newmark, the national apartment brokerage firm acquired by NGKF's parent company, BGC Partners, in December 2014.

"We now offer a distinct advantage for our multihousing clients with ARA Newmark's direct ability to tap into the global debt, equity and investment markets," Matthew Rotan, vice chairman of ARA Newmark, said in an announcement. "Perfecting our service model to provide investment sales strategies and services, as well as facilitating private and institutional debt and equity assignments throughout the client transaction process, is our ultimate goal."NGKF, which traces its roots back to 1929, is among the biggest commercial real estate brokerage firms, along with CBRE Group, JLL, Cushman & Wakefield and Colliers International, according to a recent ranking by the National Real Estate Investor publication based on global transaction value. The company, which aligned with Knight Frank of London in 2006, provides a full range of commercial real estate services to tenants, landlords, investors and developers. Grubb was added to the company name after BGC Partners acquired the assets of commercial real estate firm Grubb & Ellis in 2012.

NGKF has been expanding in major cities in the U.S. and Texas, and the new Houston office offers the benefits of a "24-7 environment" with places to live, work and play, Golden said. Being in one building allows NGKF to provide better service to its clients, and the space allows room for growth.

Employees recently moved into the new BLVD Place office after relocating from nearby buildings on Post Oak Boulevard and on San Felipe. The second floor of the office, which will be the main entrance, is still being finished with completion planned in March.

Other parts of the BLVD Place complex include a flagship Whole Foods Market, a Frost Bank regional headquarters, and the 30-story Hanover Post Oak apartment building.

"We are pleased that NGKF selected our development because of their extensive knowledge and experience with commercial properties," said Ed Wulfe, chairman and CEO of Wulfe & Co., the managing partner of the development.

With the deal, BLVD Place is 98 percent leased. There is room for additional buildings, but no timetable for construction yet.

"We have future plans to expand with approximately 135,000 square feet of office retail and restaurant space, similar to the existing buildings," Wulfe said.

Lispah Hogan, executive managing director of NGKF, represented her firm in the lease. Marilyn Guion and Connor Saxe of Colvill Office Properties and Elise Weatherall of Wulfe & Co. represented the landlord. BLVD Place is owned by a fund managed by Bailard of Foster City, Calif., and advised by Stockbridge Capital Group of San Francisco.

NGKF and its London-based partner Knight Frank operate more than 370 office worldwide with 12,800 professionals.

http://www.houstonchronicle.com/business/real-estate/article/Deal-of-the-Week-Real-estate-broker-consolidates-6778583.php

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From my experience, those "timelines/construction schedules" are usually put together early on in the design process, and are very far from accurate estimations. Since we have yet to see any public release on HBJ or they the architect/Hanover, I'm about pretty sure this won't start in July. Here's hoping tho

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1 hour ago, Urbannizer said:

 

Maybe since Oxy is leasing space in Greenway, once the industry gets back on better footing they might look to build their own HQ on the site! Of course it's wishful thinking, but it does seem, at least from this cycle, that energy companies like buildings built specifically for them. Maybe this experience will push them back to leasing space  though.

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3 hours ago, ClutchCity said:

 

Maybe since Oxy is leasing space in Greenway, once the industry gets back on better footing they might look to build their own HQ on the site! Of course it's wishful thinking, but it does seem, at least from this cycle, that energy companies like buildings built specifically for them. Maybe this experience will push them back to leasing space  though.

That would be great, but Oxy restructured their lease for a long term so who knows whether they would hold the land.  If Apache were to be acquired, Oxy may sell the land back to the original developer.  This wouldn't necessarily be bad for BLVD Place and the area.

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^^^ @Avossos no layoffs are simple.  also, wouldn't the number of "layoffs" be indicative as to whether or not the tower in question is hereby needed?  additionally, the proposed merger between apache and mariner energy.... has now become finalized.  one would guess that all of the inner intangibles shall at some point become public.  hopefully, houston capitalizes....  

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https://www.facebook.com/ScaConsultingEngineers/photos/pcb.1219980561380627/1219979798047370/?type=3&theater

 

We are in the design phase for the Hanover Boulevard Place project located in Houston, Texas. Part of this process includes a wind tunnel test, which is done using a model of building place in bigger model of the site where the structure will be located. Below are some pictures of the this model which illustrates all of the work that goes into performing this test....It is really cool!!

 

13412124_1219979798047370_15164500675557

 

13433153_1219979801380703_10862895843183

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http://www.bizjournals.com/houston/morning_call/2016/07/houston-developer-confirms-plans-for-second-luxury.html

 

The Houston-based Class A multifamily developer and the United Services Automobile Association, a San Antonio-based financial services company, purchased a 2.5-acre site off South Post Oak Lane, just south of the company’s Hanover Post Oak luxury apartment tower and north of Wulfe & Co. Inc.’s Blvd Place retail center.

 

Brandt Bowden, Hanover’s managing partner for capital markets, told the Houston Business Journal in an email that the developer intends to break ground on Hanover Boulevard Place this year, though the exact date for the construction start is yet to be determined.

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3 hours ago, Montrose1100 said:

I'm not grasping where the new Hanover is going. If it's going to the south of the current one, as the renderings on the last page show, why is there now "future office" listed on that site?

Well, consider that the article that reported that Hanover's new building will be south of the current one also reported that it would north of Blvd Place.

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5 hours ago, CrockpotandGravel said:


The link has been taken down. Guys please when you share pdf links, either reup it using your files or archive it on Internet Archive. I'm saying this because the link is no longer available. It's probably annoying as hell when I post archive links and upload pages from pdf files that other people post links to but this is why I do it. Did anybody download it or extract images from this?

Its still working for me

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just an update on the Post Oak Blvd expansion with timeline:

Upcoming Timeline At-A-Glance

  • June 9, 2016 -- Contract to be awarded for the north segment, West Loop to San Felipe
  • June 12, 2016 -- Anticipated Houston Chronicle article by Molly Glentzer regarding the Boulevard Project and the Tree Preservation, Relocation and Enhancement Plan
  • June 13, 2016 -- Three Live Oak trees moved from the median and construction area to Post Oak Park (corner of Post Oak Boulevard and West Loop frontage) to mark the beginning of the Tree Preservation, Relocation and Enhancement Plan. Photo op with media (10:30 a.m.)
  • June 2016 -- Throughout the month of June and July, trees in the medians of Post Oak Boulevard from the West Loop to San Felipe will continue to be relocated in preparation of construction
  • July / August 2016 -- Medians continue to be cleared and asphalted for temporary roadways. Temporary signals are installed on Post Oak Boulevard at 610, Uptown Park Boulevard, and Four Oaks. Ring is removed from the intersection of Post Oak Boulevard and Uptown Park Boulevard early August to allow for temporary signal.
  • September 2016 -- Traffic will be moved to temporary roadway allowing the start of storm sewer work. Work in the intersection of San Felipe currently deferred until after the new year.

 

(taken from: http://www.houstontx.gov/council/g/uptownpostoakproject.html ) although i still wish they were bringing lightrail here...maybe one day...

 

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The exciting thing about this is the fact that when Hanover presents a rendering thats what your going to get. Every one of their projects and renderings have been spot on exact. I really like how they run their office. I sure hope they eventually build the River Oaks Kirby project because thats an outstanding design and would look great across from the Ziegler Cooper building.

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On July 14, 2016 at 6:00 PM, lockmat said:

not in love with the base, but the rest is pretty cool. looks a lot like the proposed Galleria tower.

 

Interesting.

 

To me, the base is attractive.

 

The glass and white marble are far more attractive than a paneled parking garage podium.

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