bachanon Posted December 11, 2017 Share Posted December 11, 2017 Me neither. Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted December 11, 2017 Share Posted December 11, 2017 5 minutes ago, Avossos said: I can’t see this image... Is there reason to be hopeful? Just a rendering we haven't seen before. Switched the image over to a link. 1 Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted December 11, 2017 Share Posted December 11, 2017 Is it just me, or does the tower appear to have a slimmer profile in this most recently shared rendering? Quote Link to comment Share on other sites More sharing options...
Sic'EmBears Posted December 12, 2017 Share Posted December 12, 2017 (edited) Looks the same. Edited December 12, 2017 by Sic'EmBears 1 Quote Link to comment Share on other sites More sharing options...
lockmat Posted December 12, 2017 Share Posted December 12, 2017 One day we will have a western view. 1 Quote Link to comment Share on other sites More sharing options...
Twinsanity02 Posted December 12, 2017 Share Posted December 12, 2017 According to Emporis this building will be 859 feet tall, the fourth tallest downtown. Two more feet and it would be the third tallest. I guess they are not interested in bragging rights. 1 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted December 12, 2017 Share Posted December 12, 2017 54 minutes ago, Twinsanity02 said: According to Emporis this building will be 859 feet tall, the fourth tallest downtown. Two more feet and it would be the third tallest. I guess they are not interested in bragging rights. ? At 859' it would be the third tallest downtown, fourth in the city. It would take more than two feet to surpass the second tallest, Wells Fargo Plaza (stands at 992'). 2 Quote Link to comment Share on other sites More sharing options...
Twinsanity02 Posted December 12, 2017 Share Posted December 12, 2017 You right. I misread the "four" Houston center entry. 1 Quote Link to comment Share on other sites More sharing options...
bobruss Posted December 12, 2017 Share Posted December 12, 2017 I don't think Chevron has any interest in starting a new tower in Houston right now. The oil industry has not reached its comfort zone yet and they are still just treading water. The downtown market needs to absorb some of this sublease space thats available in the millions of sq. ft. We have one new tower built out and one under construction with lots of empty space in them. I'd be surprised if Linbeck starts construction up near market square until they have a couple of players ready to take multi floors. Quote Link to comment Share on other sites More sharing options...
Avossos Posted December 12, 2017 Share Posted December 12, 2017 7 minutes ago, bobruss said: I don't think Chevron has any interest in starting a new tower in Houston right now. The oil industry has not reached its comfort zone yet and they are still just treading water. The downtown market needs to absorb some of this sublease space thats available in the millions of sq. ft. We have one new tower built out and one under construction with lots of empty space in them. I'd be surprised if Linbeck starts construction up near market square until they have a couple of players ready to take multi floors. Our next best shot at a tower is the 1 Market Square tower. All it takes is 1 company to sign on for 15 floors to make assurances to the developer. The activity in Class A space downtown is pretty good considering. 2 Quote Link to comment Share on other sites More sharing options...
ADCS Posted December 12, 2017 Share Posted December 12, 2017 Not quite sure why they portrayed Buffalo Bayou at flood stage 2 Quote Link to comment Share on other sites More sharing options...
wxman Posted December 12, 2017 Share Posted December 12, 2017 Well seeing a new rendering can't be a bad thing although I don't see anything happening with this for a long while to come but it definitely causes me to raise an eyebrow. Somewhere in a corner office in Houston is a Clark W. Griswold looking at the rending of his pool just waiting for the ground to thaw so-to-speak... 1 1 Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted December 12, 2017 Share Posted December 12, 2017 1 hour ago, wxman said: Well seeing a new rendering can't be a bad thing although I don't see anything happening with this for a long while to come but it definitely causes me to raise an eyebrow. Somewhere in a corner office in Houston is a Clark W. Griswold looking at the rending of his pool just waiting for the ground to thaw so-to-speak... Hopefully, he didn't float a check on a bonus he didn't yet receive...... 1 1 Quote Link to comment Share on other sites More sharing options...
mollusk Posted December 13, 2017 Share Posted December 13, 2017 7 hours ago, ADCS said: Not quite sure why they portrayed Buffalo Bayou at flood stage To demonstrate that it's on high ground? 2 Quote Link to comment Share on other sites More sharing options...
Popular Post kbates2 Posted April 12, 2019 Popular Post Share Posted April 12, 2019 Knowing what a POS I am for even bumping this, the news below could be a pretty good sign for this building: https://www.chron.com/business/energy/article/Chevron-to-buy-Anadarko-in-33B-mega-deal-13762129.php 10 1 Quote Link to comment Share on other sites More sharing options...
CaptainJilliams Posted April 12, 2019 Share Posted April 12, 2019 Let's hope! The eastern end of the skyline is getting its fair share of development while the western end has been quiet for a while now. 1 Quote Link to comment Share on other sites More sharing options...
Nate99 Posted April 12, 2019 Share Posted April 12, 2019 Anyone know how many sq. ft. Anadarko takes up in The Woodlands towers? If they moved more people DT leaving those towers available, I could see someone else sliding right in behind them. That's an attractive location too. 1 Quote Link to comment Share on other sites More sharing options...
jmitch94 Posted April 12, 2019 Share Posted April 12, 2019 Someone in the thread over in the Houston subreddit on reddit commented saying that Chevron's towers in downtown are full and were mentioning this tower too. 1 Quote Link to comment Share on other sites More sharing options...
Twinsanity02 Posted April 12, 2019 Share Posted April 12, 2019 Didn't Chevron receive some money from the city several years back? Was it for them to stay or for the proposed skyscraper? 1 Quote Link to comment Share on other sites More sharing options...
intencity77 Posted April 12, 2019 Share Posted April 12, 2019 It was in 2013 from the state by the inept Perry administration for $12 million from the Texas Enterprise Fund. Six years later Chevron has yet to fulfill their part of the bargain. Besides, who’s to say they won’t pull an Exxon and move to the burbs, in this case The Woodlands? 1 Quote Link to comment Share on other sites More sharing options...
Timoric Posted April 12, 2019 Share Posted April 12, 2019 (edited) - Edited July 12, 2019 by Timoric Quote Link to comment Share on other sites More sharing options...
Triton Posted April 12, 2019 Share Posted April 12, 2019 Wonder what this means for the Woodlands. Could take a serious hit if you layoff and/or send all those workers downtown. I imagine Chevron will probably keep those offices in the Woodlands? 3 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted April 12, 2019 Share Posted April 12, 2019 9 minutes ago, Triton said: Wonder what this means for the Woodlands. Could take a serious hit if you layoff and/or send all those workers downtown. That was my initial wonder, as well. Vacating those 2 towers would dump over a million square feet of office space onto that sub market. 1 Quote Link to comment Share on other sites More sharing options...
wxman Posted April 12, 2019 Share Posted April 12, 2019 Not to mention, I guess that shelves the other two high-rises they were going to build in The Woodlands that would have made it a complex for four 30-story buildings. LATE BREAKING: Given the industry I'm in, I'm hearing from a co-worker that employees will remain at the two office buildings. "Chevron wants to maintain a presence in The Woodlands." That's a direct quote from an official at the company. 3 Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted April 12, 2019 Share Posted April 12, 2019 I wondered about the third tower when I saw that news this morning. From I'd previously heard, one of the reasons why Chevron has declined to move its headquarters to Houston is that the bulk of its employee presence in San Ramon don't have energy-specific skills--their skills are more general corporate (e.g. accounting) and could be transferred to other industries. Chevron feared substantial employee losses if there was a move. Now, there would presumably be some Anadarko employees who could fill those roles. Additionally, Chevron's prior CEO, John Watson, was a California guy through-and-through as he was born in and went to college in California. I think the current CEO, Mike Wirth, may not have the same loyalties to California. In short, some of the barriers that may have previously precluded an HQ move by Chevron have been removed. 3 Quote Link to comment Share on other sites More sharing options...
Ross Posted April 12, 2019 Share Posted April 12, 2019 Quote from the Chevron CEO today: "We're not intending to make any changes on real estate and that kind of thing," Wirth said in a phone interview, assuring that Chevron will have major hubs in both downtown Houston and The Woodlands for the foreseeable future. Much cheaper to keep the buildings you own, assuming they have enough space, than to build something new. 2 Quote Link to comment Share on other sites More sharing options...
Triton Posted April 12, 2019 Share Posted April 12, 2019 27 minutes ago, houstontexasjack said: I wondered about the third tower when I saw that news this morning. From I'd previously heard, one of the reasons why Chevron has declined to move its headquarters to Houston is that the bulk of its employee presence in San Ramon don't have energy-specific skills--their skills are more general corporate (e.g. accounting) and could be transferred to other industries. Chevron feared substantial employee losses if there was a move. Now, there would presumably be some Anadarko employees who could fill those roles. Additionally, Chevron's prior CEO, John Watson, was a California guy through-and-through as he was born in and went to college in California. I think the current CEO, Mike Wirth, may not have the same loyalties to California. In short, some of the barriers that may have previously precluded an HQ move by Chevron have been removed. But being in a corporate merger myself between CBRE and GE Capital Markets, there are inevitably layoffs. There will be people who play the same role in both companies and you'll have to figure out which one to let go. The article says Anadarko has 4,700 companywide... now even if all of those are office jobs (which is unlikely) and you still cut that workforce in half... does that still warrant building a brand new tower or keeping those people in the existing ones in the Woodlands? It will be quite interesting to see where Chevron goes with this. Quote Link to comment Share on other sites More sharing options...
Timoric Posted April 12, 2019 Share Posted April 12, 2019 (edited) - Edited July 12, 2019 by Timoric 1 Quote Link to comment Share on other sites More sharing options...
kbates2 Posted April 12, 2019 Share Posted April 12, 2019 There will be layoffs for the reasons Triton suggested. There will also be a few years at the least where they keep the two offices. At some point, I believe it is likely that they will want to consolidate. I only say that because that has tended to be the trend with the major E&P companies of late. The building would take a couple of years to build and would probably get some new design/engineering done anyway. I doubt that even if consolidation were the plan that we would hear anything for another year and then they would be 2 - 3 years out from moving anyway. 3 Quote Link to comment Share on other sites More sharing options...
LBC2HTX Posted April 12, 2019 Share Posted April 12, 2019 19 minutes ago, kbates2 said: There will be layoffs for the reasons Triton suggested. There will also be a few years at the least where they keep the two offices. At some point, I believe it is likely that they will want to consolidate. I only say that because that has tended to be the trend with the major E&P companies of late. The building would take a couple of years to build and would probably get some new design/engineering done anyway. I doubt that even if consolidation were the plan that we would hear anything for another year and then they would be 2 - 3 years out from moving anyway. Agreed. Given the timetable of integrating the merger and planning divestitures, construction design/lead times, etc. its no surprise that there are no plans "in the foreseeable future". Even if they do want to maintain a presence in the woodlands, its unlikely they'd keep both anadarko buildings. Keep in mind that Chevron not only owns the lot on which the third tower is planned, but also two catty corner lots off milam. So consolidation downtown makes a lot of sense. 6 Quote Link to comment Share on other sites More sharing options...
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