CREguy13

1 hour ago, houstontexasjack said:

If constructed, these would do a great deal to help fill in the gaps in the skyline between Downtown and the TMC. 

If constructed, these would be transformational.  I'm pretty skeptical, but hopefully we get more clarity in the coming months.

As swtsig mentioned, this has been in the works for awhile.  From what I understand, a large part of this was to maintain the strong relationship with Invesco.  CBRE is the exclusive leasing agent for all of Invescos' assets in Houston, including Williams Tower.  There may have been pressure in this regard.

Yes, Large tenants that are exploring other options.  Like V&E for example:

"The firm's lease expires in 2021. But in a few weeks, Vinson & Elkins will begin meeting with brokers associated with some of downtown Houston's newer buildings, including Hines' 609 Main and projects that haven't even broken ground yet, Vinson & Elkins COO Tim Armstrong said."

Really excited for this project and bringing more people downtown.  In addition to having some revenue on the block, this is probably a move by the Developer to have some of the site work done to entice larger companies - similar to Capitol Tower.  There are 1-3 tenants in, or about to be in, the market that could lead tenant a brand new building. Good things ahead for this side of downtown.

Grand Opening event was last night.  This is the nicest building in Texas and one of the finest buildings Hines has ever done - no question.  I'm very excited for the surrounding area, exciting times ahead for downtown.

19 hours ago, brijonmang said:

Sorry for the delay!  Was this what you had in mind, @bobruss?

 

 

The density from Alexan Downtown, 500 Crawford, and the Catalyst looks great in this picture.

35% Pre-sold.

This actually makes a lot of sense considering they invested $50m in the greenspace of the project.  The 1600 Smith garage can accommodate a high-rise and you have the 5AC site.  Should be interesting and regardless if they build, it's a great sign that a global asset manager is talking about residential in downtown Houston.  Look forward to more big players.

I've been having webcam withdrawals ever since 609 Main completed.. Hoping this kickstarts the addiction.

He is referring to the One Market Square lot, not this one.

Keep in mind that the plan from the start was once construction on the tower was to commence, they would first finish the remaining portion of the garage.  I find it hard to believe they would finish the garage, then once again deconstruct the crane.  If they are putting the crane up, then this is moving forward and Bank of America or another large tenant inked a deal.

2 hours ago, Dakota79 said:

I wonder how many stories that would be.

Right now it's 11 floors.

Not sure if it's been reported here, but the New York and Houston office of Newmark are marketing the office building.  240,000 SF

I also like seeing that Giorgetti Houston is now 25% sold.  Both of these projects are a great addition to UK.

For the record, it isn't confirmed WeWork is taking 31k SF, that's just the amount of space they are saying is available and it is spread throughout the building.  It could be more or less than 31k SF, but I'd guess the landlord is relocating a lot of tenants to make room for a block of a few floors.

3 hours ago, bobruss said:

I believe this cycle will go down as one of the strongest for the number of empty lots developed.

I think it was 17 blocks this cycle.

Agreed.  I'm excited for the next cycle, when retailers, national/international developers, and hotel flags will have several years of Market research/data to analyze future investments in Houston CBD.

I'll be very interested to see the crowds at Biggios once the regular season starts, I will be there often.

4 hours ago, swtsig said:

 

The lifestyle center will front BBP and bears a striking resemblance to BP's (no relation) ultra modern data center on their campus. The Thompson is definitely approaching 40 stories and, as currently designed, shares a similar aesthetic to Hanovers 2nd BLVD place tower but with a more modern bent. Designs are still being finalized but they want the Thompson to be an architectural landmark and I think they are achieving it thus far. Presales of the condo units are needed prior to groundbreaking.

Is it of a similar style to the Thompson San Antonio, just on a larger scale?

http://www.dcpartnersusa.com/portfolio-items/thompson-san-antonio/

Is that Jeff Hildebrand standing on top of Hilcorp in the distance?

Crane is going up.

8 hours ago, nate4l1f3 said:

I want this built only if it's redesigned!  Hehehehe

I think it will be redesigned and could be larger scale, just will be tabled for awhile.  JPM is looking to invest a lot of money into Houston Center in enhancing the street level with retail and greenspaces.  However his bread and butter is the 20-30 story tower, so we shall see.

Yes, if only the Richmond line could get traction.  Then everyone from Galleria moving east could have access to downtown, midtown, museum district, etc. without a car.