SkyscraperPage Forum - HOUSTON | Development Thread II

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toxteth o'grady

Jan 20, 2015 3:40 AM

Someone (Realty News, I think) gave a summary of the 17 million sf of new space under construction. Supposedly there are lease commitments for all but 7.5 million sf, which surprised me, as it means 10 million sf have been pre-leased. Some of the buildings won't be delivered for 2-3 years. Is 7.5 million sf of uncommitted new space going to tank the market, or is another shortage looming a couple of years down the road?

Urbannizer

Jan 20, 2015 6:13 AM

Michi

Jan 20, 2015 12:35 PM

There was some activity on the site of Market Square Apartments yesterday when I was passing by!
https://farm8.staticflickr.com/7513/...ff06d133_b.jpg

https://farm9.staticflickr.com/8562/...b884d165_b.jpg

https://farm9.staticflickr.com/8676/...12cd3ceb_b.jpg

TexasPlaya

Jan 21, 2015 5:01 PM

Quote:

Originally Posted by HoustonHorns (Post 6881438)

One Market Square may be dead, but maybe he meant the 40-story Market Square tower, which is under construction. I think that one will be 502 feet.

Overall, the list looks good. I just wish more were under construction in downtown. Only 6 over 200 feet are under construction from the list if you remove the Skyhouse. I know that there are also some mid-rises going up in downtown, but I just wish there were more.

To put in perspective, this is the largest downtown boom since the 80s.

JManc

Jan 21, 2015 5:13 PM

One Market Square is not dead. They just started it. See Michi's photos above...

shakman

Jan 21, 2015 7:38 PM

Quote:

Originally Posted by JManc (Post 6883590)

One Market Square is not dead. They just started it. See Michi's photos above...

Please correct me if I am wrong. It appears Michi, houston19514 and Urbannizer are referring to two different developments.

HoustonHorns

Jan 21, 2015 7:41 PM

Quote:

Originally Posted by TexasPlaya (Post 6883562)

To put in perspective, this is the largest downtown boom since the 80s.

I'm aware of that. This is certainly a big boom for downtown Houston. But the ratio of only 6 of the city's 29 under construction buildings over 200 feet being in downtown seems low to me and I wish that more of those were being built in downtown.

HoustonHorns

Jan 21, 2015 7:43 PM

Quote:

Originally Posted by shakman (Post 6883857)

Please correct me if I am wrong. It appears Michi, houston19514 and Urbannizer are referring to two different developments.

You are correct. Michi posted photos of the Residences at Market Square, which just started construction. One Market Square is the office tower that used to be known as International Tower. Most believe that that one is dead.

Houstono

Jan 22, 2015 12:58 AM

I believe that One Market Square may NOT be dead. I believe that it just might be a large delay of construction.

Urbannizer

Jan 22, 2015 1:56 AM

Allen Parkway Improvements:

https://farm9.staticflickr.com/8577/...a8cc5a76_b.jpg

Quote:

Increased parking along Allen Parkway, realignment of the Parkway with I-45 ramp improvements now scheduled by TxDot, elimination of the dangerous left lane merge to I-45 South, and additional traffic signals to west bound traffic.

TexasPlaya

Jan 22, 2015 3:37 AM

Quote:

Originally Posted by Urbannizer (Post 6884428)

Allen Parkway Improvements:

https://farm9.staticflickr.com/8577/...a8cc5a76_b.jpg

Good news. Happen to have a link for further reading? I'm a big fan of the Buffalo Bayou upgrade but they really need to do a better job of connecting it to the neighborhoods and offering more parking. I can't imagine where all those people parked for the dog parking opening.

rellott

Jan 22, 2015 4:49 AM

I walked.... hehe :D

rdavis4559

Jan 22, 2015 4:58 AM

Quote:

Originally Posted by HoustonHorns (Post 6883863)

I'm used to it by now. Sticking everything tall downtown used to be a fantasy of mine but my will has been broken and now I just see it as passé. I'm all for density but being atop an especially tall highway intersection or building at a viewpoint where many of Houston's various skylines seem to connect to create one mega skyline always excites me more than just seeing the solid mass that downtown is as I approach it.

Urbannizer

Jan 22, 2015 5:28 AM

Skyhouse River Oaks: 1/20 by ahkelly

https://farm8.staticflickr.com/7489/...be2f8621_b.jpg

toxteth o'grady

Jan 22, 2015 5:30 AM

Quote:

Originally Posted by JManc (Post 6883590)

One Market Square is not dead. They just started it. See Michi's photos above...

Given Swamplot's statement, the Hines Market Square project is definitely underway.:cheers:

But a project deferred is a project dead.

Urbannizer

Jan 22, 2015 5:32 AM

Hotel Alessandra: New design, very unfortunate...

https://farm8.staticflickr.com/7550/...35d4e9d5_b.jpg

toxteth o'grady

Jan 22, 2015 5:33 AM

Ugh. I guess all the investment is going to be in the interior.:slob:

HoustonHorns

Jan 22, 2015 7:14 AM

Wow. You're right, this is very unfortunate :(

shakman

Jan 22, 2015 1:45 PM

WTH??? This is way beyond ridiculous. :yuck: :hell: :pissed:

TexasBoi

Jan 22, 2015 1:57 PM

I was very afraid of that and that looks terrible.:(
Wish construction started on it last year.

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