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Posts posted by democide
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It's the norm with high-rise and super-tall buildings. Looks like this one is just outside the building's outline, but within the foundation's perimeter. At least it looks like it to me. We'll know for sure as the building goes up, or by tomorrow since the initial foundation work should already be completed.
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Things have been quiet, but I'm sure things are moving behind the scenes. I mean the brochure for this building was released so the intent to build it is there.
Also, don't forget that this building does not have to be 100% pre-leased before it is constructed. Typically, you only need about 50% to move forward; that's the threshold. You also need a good sales team to lure in a tenant or two to move in, and I just heard that Occidental Petroleum is splitting and moving its headquarters to Houston! Just out of nowhere, this happens! This is a great corporation and opportunity to lure them into downtown. Right now, they have their offices at Greenway Plaza, and they may decide to stay there, which is fine. But still, the company may be evaluating their HQ location in Houston as they plan to split and relocate from California, you never know.
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Awesome! Just wondering though, has there been an official announcement or press release made concerning this tower going up? I know the secret is out but not sure if it went out on purpose.
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The Days Inn is quite something. I doubt that it will even make visually interesting urban decay as it rots away. It's freaking huge too in a sea of mostly empty lots.
It's become a lone modern art masterpiece.
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Thanks for the update!
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Official or not, this is one ugly hotel, but from what I read on here it will be a cheap (perhaps even the cheapest) hotel option in downtown. I like that type of honesty so alright. But I wish they imploded it along with the building on the right (Days Inn).
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So, are they gutting and renovating it for other purposes, or is it going to be a surface lot?
Did someone answer this? Sorry if it was, so will it be torn down completely?
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Can anyone tell me what new tenants are mentioned in the article? Thank you!
Parking Garage At 1311 Louisiana St.
in Downtown
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Seems like quite a distance away from Wells Fargo Plaza. The ideal location should of been one block behind One Shell Plaza, where the surface parking lot is at.