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Bisnow Exclusive: Two Office Towers Breaking Ground Next Month
   
August 15, 2013
 
 

Bisnow Exclusive:
Two Office Towers
Break Ground
Next Month


You've heard the rumblings that these two were coming (everyone drops hints about their birthday, even buildings), but we've got the timeline and the details. First up, Clarion Partners and PMRG are kicking off development of Westchase Park II.

PMRG, Clarion, and Ziegler Cooper designing Westchase Park
It's like a peek into the Oval Office (the word "oval" used ironically, unless nobody knows geometry): Here's the team of Clarion, PMRG, Ziegler Cooper, and other design members in a development meeting yesterday. The 300k SF project is breaking ground mid September, including a 10k-ish SF (they've got a month to hash out the details) amenities building that will connect it to Westchase Park I. PMRG's Wade Bowlin and John Spafford tell us it's still going pure spec. They haven't officially brought it to market yet for leasing, but they're already seeing healthy interest.

Westchase Park II
Here's the rendering of Westchase Park II. (What are the guidelines for relaxing in that pool?) The duo says the iconic sculpture in the complex is called Synergy, and that's what they're going for with the new addition. The goal is to deliver a campus environment to companies not big enough to have their own. Although they're still picking details and finishes, Wade and John say the LEED Gold building will be best in class: Clarion is picking all the nicest options to really upgrade the experience.

Bob Cromwell
Down the road, Town Center One will also be hitting the ground in September. The first phase of Moody Rambin's mixed-use project totals 270k SF in Town & Country Village. Bob Cromwell tells us it's designed to LEED Silver and is slated to deliver in December 2014. Future phases include 100k SF Town Centre Two, an eight-level garage, and a 20k SF community theater. (We'll be putting up our musical about commercial real estate, The Phantom of the Street Level Retail.)

Town Centre I again
Here's a rendering of Town Centre One by Kirksey. Gary Machicek tells us the architects focused on the pedestrian experience, including spending a lot of time designing the first two floors of the office and how they'd interact with passersby. He says it's a tight site to fit all the buildings, and parking was a significant consideration. The site boasts five spaces per 1,000 SF of office (a large amount for an urban area). Check out our previous coverage of the property for some more insight from Dan Moody, Jr.


Winthrop's $246M Multifamily Buy

Michael Ashner
Winthrop Realty Trust purchased four luxury multifamily properties for $246M, including Mosaic II in Houston. CEO Michael Ashner tells us he first toured the property as part of a portfolio listing of properties built to condo specs but foreclosed on. He was impressed at its top quality, solid cash flow, and fair price. The publicly traded firm is looking at more Houston deals. (So everyone be on your best behavior.) Mosaic II—built in '09—is 29 stories and features 396 units and 20k SF of ground-floor retail. These transactions are set to close in September or October.


A Sneaky Snowman

snowman 21-Eleven-Cafe-Adobe
Newmark Grubb Knight Frank's George Harcourt doesn't just read our stories, he pays close attention to the pictures. And he noticed something in the rendering we published of Hines' 21 Eleven multifamily project... is that a snowman in the window? We like to think it's the architect's way of battling the summer heat.


Left Behind

blue ball
Marcus & Millichap's Chris Jones was yet again the first to correctly answer yesterday's riddle: The blue ball was left behind. (It's a lengthy question, so check out yesterday's pub if you missed it.) Since Chris wins fairly regularly, we're awarding today's tickets to our Future of Fort Bend summit to two newbies to our riddle game, PMRG's Dorian Shapiro and Berger Co's Ryan Berger.

Send us your vacation pics to catie@bisnow.com! We love seeing where you go, and we'll feature them in an upcoming issue.

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