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Old Posted Nov 10, 2008, 9:53 PM
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Wattleigh Wattleigh is offline
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Join Date: Oct 2007
Location: Houston - Wichita, KS
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http://www.bizjournals.com/houston/s...=et63&ana=e_du

Monday, November 10, 2008 - 3:46 PM
City approves variance for TIAA-CREF building

Houston Business Journal - by Jennifer Dawson Reporter

The City of Houston’s Planning Commission has granted a variance to TIAA-CREF to accommodate a 30-story office building it plans to construct in the Galleria area.

TIAA-CREF intends to build an office tower at 1300 Post Oak, in place of an existing two-story 24-Hour Fitness. The office building will be located next to the Four Oaks Place office complex that is also owned by TIAA-CREF.

The owner needed city approval to build the structure 15 feet away from Post Oak instead of the standard 25 feet. The setback change, granted last week, applies on Post Oak from Four Oaks Place Drive to West Briar Lane.

The building will be located closer to the street in keeping with guidelines being developed for the future rail corridor. The Metropolitan Transit Authority of Harris County plans to construct a rail line down the middle of Post Oak.

Houston-based Transwestern is development manager and leasing representative for the proposed office building, which has been on the drawing board for more than a year.

With more than $435 billion in combined assets under management, TIAA-CREF is the leading retirement system for people in the academic, research, medical and cultural fields.