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.
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.
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.
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
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 Realty Trust
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.
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.
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 firstname.lastname@example.org! We love seeing where you go, and we'll feature them in an upcoming issue.