ClutchCity

It looks like it'll come in over 800 feet which would make it the 4th tallest in the city!

Pretty sure if you reread the comments hoothrewpoo is saying the the large tenants in the market for space right now would rather look in the Energy Corridor or the Woodlands instead of downtown. Since she said previously that the next 1-2 Mil Sq Ft of absorption would probably be in the EC. 

The Energy Corridor has great growth now, but I feel like future mobility problems could hamper growth in the future. They really only have 1 major thoroughfare, I10, and besides a car sharing program or two they haven't really invested in any other methods of transportation. What happens when the next wave of 3-5 Mil sq ft of office space is delivered? Possibly widen I10 some more? I'm sure they could implement buses quickly but that doesn't seem much of a solution when the streets are clogged. Then again, The Galleria seems to have much greater transportation challenges and developers are still cramming buildings in there.

I think office and retail counts as mixed-use.

It'll probably be a bit shorter. What do y'all think it'll come in at? ~650'?

I don't understand why Hines can't buy those low rise(1-2 story) buildings at the southern end of the block and give the tenants some ground floor retail space in their new tower. That way they have more room to work with and gives the tenants some state of the art space in nice building(I think Hines should let them own it like a condo deal so they retain ownership of the same amount of space they originally occupied to entice them to say yes).

Personally this is by far the best of the three proposed office towers. It is confusing that they wouldn't publicly release the renderings earlier to get more attention and better compete with Hines and Skanska who have had their renderings and building information floating around for a while. Unless they were able to equally market this tower to tenants without using Houston Real Estate media?

http://swamplot.com/is-this-the-41-story-office-tower-planned-beside-market-square-park-downtown/2013-07-30/

Someone link the picture!!!

I wonder if this has anything to do with the site being marketed by Houston First just north of the new Convention Center Hotel.

Once they finish the Amenity Deck level on floor 8 or something I'd expect it to pick up speed since the floor-plate is quite a bit smaller.

Culture Map has an article too that makes it seem like something is going to be devloped in Greenway. They might just be overhyping it though.

http://houston.culturemap.com/news/realestate/07-29-13-sale-of-the-century-greenway-plaza-sold-for-1-billion/

"'Greenway Plaza and 777 Main Street are an excellent fit with our portfolio as they are high- quality urban properties with ... future development potential,' said Larry Gellerstedt, president and chief executive officer of Cousins."

I just don't understand the use of mega in the thread title. Yes, they say it'll have office, residential, hotel, and retail which could make for a pretty big project, but that doesn't mean it will be a "mega development"(if that means anything).

Add parking into the mixed-use mix, though, and it'll probably be pretty mega. 

Well if they make a 683 ft residential skyscraper for downtown Houston that'd be pretty sweet.

And this isn't the original plans before they scaled it down? The 49th floor doesn't really seem like much and seems like it was just kinda thrown in there. Also seems rather quick that they would say that the height and size of the building wouldn't be finalized until the 4th Quarter, but they release the specs in less than 3 weeks.

Once they finally got going this thing has really gone up fast! Puts the Soverign and even SkyHouse to a lesser extent to shame.

so can we assume this information is correct/from a reliable source?

Until a Hines official says what they changed it to I'm still right! It would be interesting to see if a Houston Real Estate reporter did some digging about that 102 story tower since more than one person seems to be talking about it. Even if it's a wacko's dream with this tower, Chevron's tower, and the multiple shorter(20-30 story) towers going up Houston's skyline is going to look different in a few years. It's an exciting time!

I hear since Houston is the space city, they're going to build a SPACE ELEVATOR in midtown! This guy on an internet post said they'll demo the Greyhound station and put it there. Total Height: 22,236 MILES! The FAA has to approve it, but I think with Captain Spock's Jedi mind trick, they should be able to secure funding from Omnicorp!

Are you on drugs sir?

But what's the tax rate on a $250,000,000+ building? They'll, in all likelihood, pay more than the $14,700,000 in tax rebates that they are getting, at least over a few years(5-10) and then the city and state profit for the remaining life of the building. That's not even including the taxes gained from the 1,700 high paying jobs Chevron will create(they'll probably have nice size houses who cares about the Feds). I also think it is a good example for other companies looking to build in Houston that the city and state want them here.

Edit: The city council approved a $1,000,000 tax rebate for a freaking Costco in KATY. Outside city limits. And they are questioning if they should give a MUCH bigger project just a little more?! I'm holding back obscenities for their incompetence.

800 feet high? Chase is over 1,060 feet tall.

I highly doubt a 102 story building would be only 800 feet. 

 

Seems fishy.

Chase Tower is 1,002 feet and the 800 foot estimate nativehoustonian gave was for Chevron's new tower. With his comment out of context it gets a bit confusing. Some other person also alluded to a 100+ story, but they seemed like just some nut job Chron commenter.

Looks like you need to find a way to the top of that AT&T building with how how tall that things gonna be!

lol ricco.. can we all agree this is about a 58 story tower? assuming the rendering is correct.

It'd probably be better to just compare it to the Devon tower, same floor count with slightly less total space. Wouldn't be surprising if it were over 800 feet.

Demolition has started but Nancy saying, "What exactly will be built on the prime downtown site is still in question" seems kind of naive.

http://blog.chron.com/primeproperty/2013/07/macys-building-sees-demo-work/

There definitely seems like there is a skyscraper between Two Allen Center and the Wedge Tower.

Brookfield seems confident on 5 AC. Or at least they don't want people to forget it's still a possibility.

http://www.bisnow.com/commercial-real-estate/houston/my-story-paul-frazier/

I'm just guessing. It sounds so right though. I'll go on to guess it'll be around 1.3 Mil Sq Ft. Although he says "Much larger" I don't see it increasing by more then 50% when it comes to square feet and 150 feet when it comes to height compared to their original proposal.