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We also snapped Cresa Houston’s Sue Rogers and Brookfield’s Paul Frazier. Paul says there will be an office building announced Downtown this year, but it will need to be 50% preleased. His firm has a 2.5-acre site where it’s planning on building a 900k SF to 1.1M SF building. It needs rents around $31/SF net, but existing buildings are leasing around that level; he expects the rate to trickle to preleasing soon because of the lack of big blocks available.
In addition to the renderings previously posted - HAIF user lockmat found this one, among others previously seen, an a personal design portfolio website. At the very least, a leasing brochure exists for prospective tenant...
If this gets built it'll be the tallest building to be built in Texas in at least 25 years. The last 700 footer to be built in Texas was actually three of them in 1987 with two in Dallas and one in Houston.
This is very good news. I hope they can pull this one off. Perhaps something with a spire? Or some kind of crown...
I have my fingers crossed for this tower.
Yes. Houston has long needed a tall with a spire. An actual, true spire, not just a tall communications antennae. It's the one thing that is sorely missing from the skyline. I know that won't happen with this particular project, but I really hope it happens soon.
This one has a lot of competition. Brookfield is pitching this at the same time they are pitching a smaller tower to be built over the Allen Center Garage which houses the Metropolitan Racket Club on the roof.
Meanwhile, Hines (recently completed the BG Group 46 story tower on Main St) is marketing a new tower on the empty lot on the corner of Main and Texas St.
Skanska is floating the idea of tearing down the Houston Club Bldg. for a proposed office tower of unknown size (but I imagine it would have to be large in order to be cost effective to demolish a structure).
There's also some speculation that a developer is pitching a mixed use (with some office space) tower on the South block of Market Square.
And now, there are rumors of Chevron building a new tower to add to their growing downtown campus (the old Enron Bldgs). Chevron already owns the lot where the old YMCA used to stand. Latest I heard was the tower would be 50+ stories tall.
It is likely that only 1 or 2 of these will make it out of the ground. My $$$ is on Chevron (they just announced 800 workers coming to downtown from their San Pablo, CA Hdqts.) first and then possibly Hines (proven track record) or Skanska (deep pockets that can do their own financing).
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Houston has long needed a tall with a spire. An actual, true spire, not just a tall communications antennae. It's the one thing that is sorely missing from the skyline. I know that won't happen with this particular project, but I really hope it happens soon.
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