McGillicuty

H-Town Man...a little Hines fanboy, huh?

"family planning visits"

Is that what people call infanticide these days?

My source told me that is exactly what Crescent did to accomodate the tenant beginning with H. check your sources pal.

I'll say it again. DEAD.

Are you sure you have a reliable source...its a done deal. Watch the papers (chronicle, hbj or globest.). the deal, I heard, was leased and presold before a shovel hit the ground.

A deal cannot be "done" if it is only "ready for a signature."

Thanks Poindexter

Not true. Not sure where you are getting your info, but my source tells me that a lease has been finalized and is ready for signature. This deal is DONE and a press release will be issued very soon.

Clearly - this guy either works for Crescent or the architect or another part of the team that brought forth yet another 90 degree version of the same 20-30 story box. In the past, he's obviously bought into the Crescent continued "We're about to break ground guys!" marketing pitch, despite the real message from Crescent being loud and clear (i.e. "are you crazy? we're not doing this building until a tenant comes along that takes up the whole thing!").

But now, rumors are swirling that they landed a big tenant who loves the mid rise box. And now Crescent will say "I told you we were breaking ground!"

No, just a Monday morning quarterback with no skin in the game, just like everyone else on here.

Bravo!

Just you wait. All I can say.

Is that an educated threat or just wishful thinking?

Educated Thinking

I have to dispel the rumors that I've been reading on this board. From what I hear, there is ZERO chance 6HC moves forward anytime soon. That's not to say that it won't ever happen, but don't hold your breath on this one.

I base my statement on the following information:

1. I've just heard that Morgan Stanley has put the project on hold and is not moving forward-- this came from senior people involved in the project. More specifically, lenders are no longer married to this project AND construction personnel that had been staffed to this project have now been placed on others.
   
2. In the most recent quarter, Morgan Stanley took a $150m writedown on its investment in Crescent. MS is actively dumping all of the trophy Crescent properties in a bid to raise cash- they currently have Greenway Plaza, Post Oak Central and One Briarlake Plaza on the block and have already sold 5 Post Oak Park to Shorenstein. They need the cash. They need the cash NOW!
   
3. Wall Street firms are in the midst of a deepening credit crisis and MS is thus highly unlikely to take on a large scale spec project in this environment.
   
4. By breaking ground on Main Place and Discovery Tower several months ago, Hines and Crow have already beat them to the punch and they have lost the first mover advantage. Now is not the time that MS will agree to be the last entrant into the spec CBD market.
   
5. There has been no preleasing activity to date. From what I understand, this project will only move forward in the very near future if there is a big chunk of space is preleased. Anything is possible, but Houston tenants tend to plan 12 months out and they will thus likely gravitate toward Main Place or Discovery Tower. Thus, barring an existing HC tenant preleasing space, this project is on ice.
   

I hate to be the bearer of bad news, but this one won't get done ... at least not soon.

Just you wait, you'll be eating crow before too long.

29, i believe.

yeah, i heard 29 above grade. you should be ok. i think the 6 HC skybridge will connect to 1 HC though.

I noticed they park cars there in the evenings for Astros games, but not during business hours. Wonder why that is. They seem too far behind the other two towers.

What's the latest with this deal? Anyone...anyone?

Well, I have been driving by late at night and there doesn't to be any cars (or heavy equipment) in the lot yet.

Oh, I thought that maybe you had some inside info as to why it might not happen. All I have heard is that it is happening for sure. They have been delayed, but all indications are that it is still going up.

That building doesn't exist. It ain't going up. It's just a hole for underground parking. Nothing to see here...move along.

What makes you so sure?

Groundbreaking March 6th.

One building (10 stories of parking, 19 of office) will take the whole block. Skybridge to 1 Houston Center.

Musicman, the last line reads:

u r a dork

Crescent is breaking ground on 6 Houston Center in 30 days.

why can't i see the photos people post on here?

i think its going on block 95, bound by San Jacinto, Walker, Caroline and Rusk. Sky bridge to HC1.