TexasGeneral

It is a shame this project doesn’t have multi family. In an ideal world, this project would include a couple of apartment towers and turn the warehouse into an HEB and maybe a small office component.

Really wish there was some multi family as part of this. 

There is a giant sign up across the front glass wall of the lobby that says “Banc of America Tower”.  

Houston Business Journal reporting that construction could start next month. I don’t have an HBJ account to post the article. 

Houston Business Journal reporting that construction could start next month. I don’t have an HBJ account to post the article. 

Looks like they are on the 26th floor.  The “above podium” floors will almost double when this tower is finished - just as a reference for how high the final product will be. 

1 hour ago, MarathonMan said:

Too bad no GFR.  That’s a long-term detriment to the neighborhood.

It’s walking distance to lots of retail, including West Ave. 

I am surprised the foundation isn’t deeper than this. 

I am surprised the foundation isn’t deeper than this. 

Fantastic design. Home run. 

Wasn’t there litigation pending related to this tower?  Maybe the speed at which construction is progressing and the lack of any formal ground breaking publicity is because of the litigation. 

40 minutes ago, Triton said:

Just curious, what are the type of people who get these units? Are these people that usually move around the country that prefer not to buy a home and want a downtown view? I mean, I'm trying to figure out the math... at $3900 a month, why not just pay a mortgage and own a home?

People who don’t want the hassle of maintaining a home and prefer the lock and leave lifestyle. I know some people that sold their primary residence and rent a high rise unit - they spend a lot of time at their second home in Colorado and don’t need a large single family house anymore since their kids are grown.  They are in Houston about half the year. 

Looks like 5656 San Felipe is near the intersection of San Felipe and Chimney Rock. Seems like this building is going to tower over Tanglewood. Wouldn’t be surprised to see some Ashby-style resistance to this development. 

Developers typically sell as soon as the project is stabilized to a company that intends to hold the property for the long term. 

The rendering looks nice, but the inner loop needs these older more affordable apartment buildings IMO. Seems like they are all getting torn down for high priced luxury units. 

Ah yes, the “any updates?” update. Love these posts. 

1 hour ago, CREguy13 said:

Waste Management relocating into 284,000 SF at Capitol Tower.

 

https://m.chron.com/business/real-estate/article/Waste-Management-to-relocate-to-downtown-13384139.php?ipid=mobbiz

 

Waste Management and V&E are both moving out of 1001 Fannin. That building will be 2/3 empty when they leave if no other tenants take their place. 

Really good looking building. Wish Hanover would build a glass apartment tower downtown. 

There is no way 792 apartment units will be built on this site. 

On 8/8/2018 at 7:07 PM, Timoric said:

I hope Hines Texas-Sizes this like he did the other tower and makes it a Hines 57.  I think he added more floors to the last one.

Maybe even throw in some French fried potatoes. 

Hopefully they don’t put a giant purple neon “W” at the top of the tower. 

Central Market at the base of a residential tower would be a dream development for downtown. 

I know a few people at Oxy. All of them are unhappy about the move and are looking for other opportunities.

I think Oxy made this decision prior to Harvey. You have to question why they are moving to an office that is right below the reservoirs. Greenway Plaza was high and dry. 

Spectacular. 

5 hours ago, kbates2 said:

 

"Nine new high-rise office buildings, containing 6 million SF have been completed since 2008 and construction is under way on Skanska’s 750,000 square foot building and construction recently commenced for a new 1 million-SF building the former Houston Chronicle site."

 

Somebody help me out here:

 

1) Hess

2) BG Group Place

3) Hillcorp

4) 609 Main

5) ?

6) ?

7) ?

8) ?

9) ?

Seems like he has to be thinking central Houston, not just downtown.

5. BHP

6. Amegy 

7. 3737 Buffalo Speedway

8. 2229 San Felipe

9. 3009 Post Oak Blvd

Equipment on site is tearing up the parking lot this morning.