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Fortune

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Everything posted by Fortune

  1. Six Houston Center Location: Downtown block bounded by Rusk, Caroline, Walker and San Jacinto Developer: Fort Worth-based Crescent Real Estate Holdings Original plan: In February, Crescent said it would break ground over the summer on a 30-story, $250 million office tower designed for the site. It was prepared to start construction without having a tenant lined up first. Completion on the 600,000-square-foot building was scheduled for the end of 2016. Status: An emailed statement from the company said: "Crescent is committed to Six Houston Center. We are in discussions with several large tenants, and the response to our location, design and amenities has been very favorable. We have our permits and financing in place, and we are targeting a 2017 completion - which coincides with many significant lease expirations in the market." http://www.houstonchronicle.com/business/real-estate/article/Cracks-forming-in-commercial-real-estate-market-6037038.php#/0
  2. Hines Museum District Location: Museum District block bounded by Southmore, Oakdale, San Jacinto and Caroline Developer: Hines Original plan: For more than a year, the company has been planning a 25-story, 225-unit apartment building, called the Southmore, on the site. Update: Construction started in November, and the building is scheduled to be completed by the end of 2016, according to Hines. http://www.houstonchronicle.com/business/real-estate/article/Cracks-forming-in-commercial-real-estate-market-6037038.php#/0
  3. Axis apartments Location: Northwest corner of West Dallas at Montrose Developer: Dallas-based JLB Partners Original plan: The 396-unit luxury apartmentcomplex was just a few months shy of opening when a five-alarm fire destroyed it in March. Status: "We are still working through the insurance process, and we will make a decision sometime in 2015," JLB's Scott Sherwood said about rebuilding the project. http://www.houstonchronicle.com/business/real-estate/article/Cracks-forming-in-commercial-real-estate-market-6037038.php#/0
  4. One Market Square Location: Downtown block bounded by Prairie, Preston, Travis and Main Developer: Houston-based Hines Original plan: For more than a year, the developer has been planning a 32-story luxury rental tower with 274 units at the site. Update: Construction started Jan. 12, and the building is scheduled for completion in the spring of 2016, the company said. http://www.houstonchronicle.com/business/real-estate/article/Cracks-forming-in-commercial-real-estate-market-6037038.php#/0
  5. Kirby Collection Location: Upper Kirby, Kirby Drive between Colquitt and West Main Developer: New York-based Thor Equities Original plan: A mixed-use development with 67,000 square feet of retail, a 13-story office building and a 25-story apartment tower. Seven townhomes will line Lake Street. Update: The company said it is seeking construction financing and will submit plans for a building permit in a couple weeks. "We really believe the Houston market is a strong one," said Melissa Gliatta, Thor's executive vice president. "We're betting big." http://www.houstonchronicle.com/business/real-estate/article/Cracks-forming-in-commercial-real-estate-market-6037038.php#/0
  6. Chevron building Location: Downtown block bounded by Louisiana, Smith, Pease and Leeland Original plan: A new 50-story office tower for San Ramon, Calif.-based Chevron was announced in the summer of 2013, but the project was put on hold less than six months later, at which time the company said it would decide when to resume the project "after 2014." Update: At this stage, "no update," Cam Van Ast, media adviser for Chevron North America Exploration and Production, said in an email. http://www.houstonchronicle.com/business/real-estate/article/Cracks-forming-in-commercial-real-estate-market-6037038.php#/0
  7. Capitol Tower Location: Downtown, 800 Capitol Developer: Skanska USA Original plan: The developer purchased the former Houston Club building more than three years ago and in 2013 announced plans to build a 35-story office tower in its place. The Houston Club building was imploded in October. Status: The office building will not break ground until a tenant has committed to occupy a substantial portion of it. The developer is still "actively and aggressively" marketing the office space, said Michael Mair, executive vice president and regional manager for Skanska. In the meantime, the company is developing a garage on the southern half of the block that will open later this summer. http://www.houstonchronicle.com/business/real-estate/article/Cracks-forming-in-commercial-real-estate-market-6037038.php#/0
  8. West Memorial Place Location: Energy Corridor, south of Memorial Drive adjacent to Terry Hershey Park Developer: New York-based Skanska USA Commercial Development Original plan: After nearly completing the first half of a two-building office project, the developer started construction on the second in the fall, expecting to see strong demand from tenants in the energy sector. Status: The first building, nearly 60 percent pre-leased, is expected to open next month. Construction has started on the second building, which should be completed in the spring of 2016. There are no tenants yet. http://www.houstonchronicle.com/business/real-estate/article/Cracks-forming-in-commercial-real-estate-market-6037038.php#/0
  9. "Location: Upper Kirby at Kirby near Steele Street Developer: Houston-based Hanover Co. Original plan: In August, the developer said it was planning a tower potentially rising more than 30 stories and with more than 300 apartments. It was under contract on 1.65-acre site and was scheduled to close in early 2015. Construction would then begin in the summer. Status: The closing date for the land has been pushed back due to "economic uncertainty in Houston," Hanover's David Ott said." http://www.houstonchronicle.com/business/real-estate/article/Cracks-forming-in-commercial-real-estate-market-6037038.php#/0
  10. I'm sure once the 7+ residential highrises planned along Post Oak are built the store will have a larger customer base. The residential buildings planned for Uptown Park (not sure how many residences that will be once it's redeveloped and built out), Astoria, The Bellfoire, the 40 story highrise planned across San Felipe from Whole Foods, the 2 other residential highrises planned for BLVD place besides the Hanover tower which isn't at full capacity, the multifamily highrise planned for Ambassador Way & S. Post Oak Ln, the Gables high rise planned next to the BBVA building, the Galleria residential tower. Just give it some time, I'm sure the future urban dwellers of these towers will shop at the store and keep it packed, eventually.
  11. I think the "pavilion" will still be built it will just be in another phase of development. This is just the first phase of construction, at a later date some more buildings will be built to the west of this building. Most likely once they are built then the pavilion will be built over the completed structure.
  12. BCM and St. Luke announced that they will be constructing some new buildings on the Mcnair Campus as well.
  13. According to this article, of the buildings 355 units a third of them have been leased out. The article also contains some some pictures of the units. http://www.bizjournals.com/houston/news/2015/01/09/sneak-peek-inside-hanover-post-oak-apartment-tower.html
  14. The only people I have seen gushing over this building is people on here that have supposedly seen renderings of the building. It's not Amegy "playing a dangerous game" it's HAIFers.
  15. In my opinion the Swamplot articles, post, and stories have been on a steady decline. They post things that have nothing to do with real estate, they post old news, they miss out on real estate news and developments that I think should be included. Just not how the old Swamplot use to be.
  16. Well downtown does contain the second wealthiest zipcode In the U.S. according to this article: http://www.bizjournals.com/houston/morning_call/2014/12/houston-zip-code-one-of-the-richest-in-the.html
  17. I just don't see why the declining price of oil has to be brought up in every forum. We all know what's going on with oil prices and how they effect the market and projects. It doesn't need to be repeated over and over. I just read almost two pages of post that really have nothing to do with The Kirby Collection.
  18. The key word is SIGNATURE. I don't think Hillcorp is considered a signature tower. I don't think Capital Tower is considered a signature tower, it's just a box and it hasn't broke ground yet. 800 Bell is a renovation and Chevron is a proposal. Like I said this building is the one and only SIGNATURE tower to be built so far in this boom. There have been lots of buildings built during this boom lots of office space but this is the only tower that I think can be considered as Signature.
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