Marcus Allen Posted September 7, 2014 Share Posted September 7, 2014 Cool rendering, never the less. I am impressed how urban HTown looks in that shot. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted September 8, 2014 Share Posted September 8, 2014 Tell it to 609 Main. 609 has the potential to be our "Shard". Interesting shape, if a little flat on top. Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted October 15, 2014 Share Posted October 15, 2014 https://www.bidclerk.com/project/2451670.html Est. Start Date: June 2015 Site work and new construction of an office development in Houston. Design plans call for the construction of a 46-story office tower. Plans include 1.7 million square feet of space.As of October 15, 2014, this project is on hold. A firm construction timeline has not been established, and a decision on when the project will become active again will not be decided until first quarter 2015 at the absolute earliest. 1 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted October 15, 2014 Share Posted October 15, 2014 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted October 15, 2014 Share Posted October 15, 2014 Don't give up hope. It's a tower specifically for Chevron and not some spec building. Just keep an eye out on oil prices. Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted October 15, 2014 Share Posted October 15, 2014 I think the Downtown Development Map pegs construction for the 3rd quarter of 2015. I am still quite optimistic about this building. We knew the construction start date had been delayed until 2015 at the earliest. Oil prices might hit a sweet spot for its development--low enough so that Chevron remains profitable but not so high as to make additional exploration in the immediate future particularly attractive to Chevron. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted October 15, 2014 Share Posted October 15, 2014 I think this is a non-news event, since I don't know if this bid advertisement is new or old. Normally, they would not post a request unless there were some movement expected (after all, why advertise something if you're still just contemplating your navel?). Let's watch oil prices - which are in the low $80s at the moment. Quote Link to comment Share on other sites More sharing options...
ltlftc Posted November 9, 2014 Share Posted November 9, 2014 I am hearing the plan is for a 3rd quarter 2015 start on this one. Also, when this project is complete, Chevron will vacate significant amounts of leased space in the Cullen Center and Allen Center (~20 floors in each). Quote Link to comment Share on other sites More sharing options...
cloud713 Posted November 9, 2014 Share Posted November 9, 2014 Well that second part makes sense.. Interesting tidbit about a potential start date! Quote Link to comment Share on other sites More sharing options...
wxman Posted November 9, 2014 Share Posted November 9, 2014 (edited) Aside from height, this building is a complete letdown. It's bland, mundane, the water color renderings don't help. It's happening, then it's on hold. Then we hear of a start date and then that gets pushed back. It's sort of exhausting going back and forth---which is why I gave up on Ashby long ago. I couldn't care less if that thing [Ashby] ever gets built or not. I'm tired of hearing about it. Can anybody understand where I'm coming from or am I just being ridiculous? Edited November 9, 2014 by wxman 2 Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted November 9, 2014 Share Posted November 9, 2014 Aside from height, this building is a complete letdown. It's bland, mundane, the water color renderings don't help. It's happening, then it's on hold. Then we hear of a start date and then that gets pushed back. It's sort of exhausting going back and forth---which is why I gave up on Ashby long ago. I couldn't care less if that thing [Ashby] ever gets built or not. I'm tired of hearing about it. Can anybody understand where I'm coming from or am I just being ridiculous?Howard Huge understands. 1 Quote Link to comment Share on other sites More sharing options...
swtsig Posted November 9, 2014 Share Posted November 9, 2014 Aside from height, this building is a complete letdown. It's bland, mundane, the water color renderings don't help. It's happening, then it's on hold. Then we hear of a start date and then that gets pushed back. It's sort of exhausting going back and forth---which is why I gave up on Ashby long ago. I couldn't care less if that thing [Ashby] ever gets built or not. I'm tired of hearing about it. Can anybody understand where I'm coming from or am I just being ridiculous? if you have any familiarity with commercial development and construction in general than yes - you are being ridiculous. this is how these things work... there are an incredible amount of moving parts nevermind the fact that the oil and gas industry as a whole is in a precarious time given the decline of oil and gas prices of late. btw i'd be shocked if this building got off the ground any time soon. 2 Quote Link to comment Share on other sites More sharing options...
Avossos Posted November 9, 2014 Share Posted November 9, 2014 if you have any familiarity with commercial development and construction in general than yes - you are being ridiculous. this is how these things work... there are an incredible amount of moving parts nevermind the fact that the oil and gas industry as a whole is in a precarious time given the decline of oil and gas prices of late.btw i'd be shocked if this building got off the ground any time soon.Shocked is a pretty strong word. But in the sense of construction delays, there might be some truth. Big projects are delayed across the boards. Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted November 9, 2014 Share Posted November 9, 2014 Hasn't 3Q 2015 been on the Downtown Development Map for awhile now? The same map indicates that One Market Square is slated to begin construction this quarter. I think Chevron is a bit more likely than One Market Square, but would prefer a presser from Chevron on this project before I get too excited.I, for one, am not too upset with the design of this building. It looks like the ring on top will light up. Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted November 9, 2014 Share Posted November 9, 2014 Aside from height, this building is a complete letdown. It's bland, mundane, the water color renderings don't help. It's happening, then it's on hold. Then we hear of a start date and then that gets pushed back. It's sort of exhausting going back and forth---which is why I gave up on Ashby long ago. I couldn't care less if that thing [Ashby] ever gets built or not. I'm tired of hearing about it. Can anybody understand where I'm coming from or am I just being ridiculous? In a way I'm glad the architecture is so dull, so I don't feel the huge letdown when they delay it a year or possibly cancel it altogether. If it gets built, I'm happy, since it will add a lot of mass to that side of the skyline and enhance the overall sense of "power" in our skyline. But it's no stunner, for sure. Architectural textbooks will not have to be rewritten when/if this thing gets built. 1 Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 9, 2014 Share Posted November 9, 2014 If this thing becomes more certain, they may decide to add some architectural touches that we haven't seen yet. Quote Link to comment Share on other sites More sharing options...
bobert Posted November 9, 2014 Share Posted November 9, 2014 Don't get your hopes up on Q3 2015 start date. That is all I can say. 3 Quote Link to comment Share on other sites More sharing options...
Avossos Posted November 9, 2014 Share Posted November 9, 2014 Don't get your hopes up on Q3 2015 start date. That is all I can say.I think you should say more. 1 Quote Link to comment Share on other sites More sharing options...
bachanon Posted November 9, 2014 Share Posted November 9, 2014 Chevron is spending billions on capital investments (refineries). These future money makers have placed office building(s) on the back burner....or so I've heard. Quote Link to comment Share on other sites More sharing options...
cloud713 Posted November 10, 2014 Share Posted November 10, 2014 Isn't that 50 billion dollar thing in australia supposed to be done soon though? But yeah, with dropping oil prices who knows about a new tower Quote Link to comment Share on other sites More sharing options...
bachanon Posted November 10, 2014 Share Posted November 10, 2014 it's not only about oil: http://www.bizjournals.com/houston/morning_call/2014/04/chevron-phillips-kicks-off-6-billion-construction.html?page=all Quote Link to comment Share on other sites More sharing options...
Avossos Posted November 10, 2014 Share Posted November 10, 2014 Just found out. This project is on hold according to chevron. 3q isn't happening Quote Link to comment Share on other sites More sharing options...
ltlftc Posted November 10, 2014 Share Posted November 10, 2014 Chevron Phillips is a separate company. It is owned 50% by Chevron and 50% by Phillips 66 and has its headquarters in The Woodlands. Chevron has had a capital budget of ~$40 billion per year for the past several years and plans to stay in the $35-40 Billion range for the next several years. The 50% of the Chevron Phillips budget that is accounted to Chevron is still a small component of its projected spending. 1 Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 10, 2014 Share Posted November 10, 2014 (edited) Just found out. This project is on hold according to chevron. 3q isn't happening Disappointing. More overruns on the Australian gas plant? Or another excuse? Edited November 10, 2014 by toxtethogrady Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted November 10, 2014 Share Posted November 10, 2014 Sad. Oh well, maybe we'll get lucky and have new leadership at Chevron decide to move corporate HQ from San Ramon to Houston and scale this up a bit. Any chance Chevron will lease space at 800 Bell? Quote Link to comment Share on other sites More sharing options...
tangledwoods Posted November 10, 2014 Author Share Posted November 10, 2014 There are a few people on this forum with actual knowledge of this project. I dont know any big wigs at chevron, but i do know this: HOK has produced 100% CD drawings that are ready for permit. The contractor (Skanska) now has a big team working full time on this project. 9 Quote Link to comment Share on other sites More sharing options...
Avossos Posted November 10, 2014 Share Posted November 10, 2014 Disappointing. More overruns on the Australian gas plant? Or another excuse? My information came from someone who deals with the financial side of things. So, i assume it has something to do with their financial position and financial outlook. But, with big companies, information is not always transperant. He might be consider the "hold" as the year to start this... thats why we have to take it with a grain of salt. There are a few people on this forum with actual knowledge of this project. I dont know any big wigs at chevron, but i do know this: HOK has produced 100% CD drawings that are ready for permit. The contractor (Skanska) now has a big team working full time on this project. Now as in they just started putting resources in this? Is 3Q start confirmed by Skanska? My source was not a big wig, and I hope he just is possibly incorrect. 4 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted November 10, 2014 Share Posted November 10, 2014 Just because they have the plans being worked on doesn't mean it will be built any time soon. My father worked on the second Anadarko tower in the Woodlands back in the early 2000's and they only just finished constructing it. This way, when Chevron finally decides to construct this tower, they will have minimal design updates. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 10, 2014 Share Posted November 10, 2014 I don't think Skanska's going to hang around if nothing's going to happen for years. They have their own Downtown skyscraper to worry about. Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted November 10, 2014 Share Posted November 10, 2014 (edited) Why the hell would they walk away from a project as big as this? They'll do the design, Chevron will pay them a large sum, and they will have a small team dedicated to updating as necessary. If you think that Skanska has the entire company focused on this one project then you really don't what you're talking about. They get paid whether the tower goes up or not. That's how the construction works works. Edited November 10, 2014 by BigFootsSocks Quote Link to comment Share on other sites More sharing options...
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