10/05/10 2:56pm

Coventry Development’s senior VP Keith Simon wouldn’t answer media questions today concerning the possibility that the new 1,800-acre mixed-use community his company wants to develop just south of The Woodlands might have the newly consolidated headquarters of the largest oil company in the world as its very first neighbor. In January, the Chronicle‘s Nancy Sarnoff reported on plans shown to her — apparently prepared for Exxon Mobil — showing an “elaborate corporate campus, including 20 office buildings with 3 million square feet, a wellness center, laboratory and multiple parking garages” on a 400-acre site near the intersection of I-45 and the Hardy Toll Rd.

Meanwhile, an informant tells Swamplot about a real-estate “study” Exxon Mobil has reportedly been conducting of all the properties it owns and leases in Houston: “the old Humble building at 800 Bell downtown, the Chemicals complex at Katy Fwy. and Eldridge, the lovely Greenspoint campus across from Greenspoint Mall, the research facility on Buffalo Speedway, and others.” The company is considering vacating all these sites — as well as its large and valuable Fairfax, Virginia campus outside Washington, D.C. — and consolidating all employees in the new megacampus just south of The Woodlands. (Baytown refinery employees, don’t worry — you’d get to stay put.)

Writes our informant:

Although the company is telling its understandably concerned employees who happen not to live in Spring or The Woodlands not to worry, that this is still just a study, there is already work being done to prepare the site for building.

Where might have Exxon Mobil have come up with those 400 acres?

CONTINUE READING THIS STORY

01/30/09 11:46am

The University of Houston has been given the go-ahead by the system’s Board of Regents to negotiate the purchase of the University Business Park, the 69-acre former Schlumberger Technologies corporate headquarters complex that faces I-45 South, just east of UH’s central campus.

The university currently leases 150,000 square feet in the business park, for offices “and other uses.” The new campus extension would be used for academic and research programs, administrative offices, storage, “industry partnerships,” and other functions. And it comes with 30 acres of vacant land.

UH has already completed the purchase of an adjacent 5-acre site, for about $2.5 million:

CONTINUE READING THIS STORY

01/19/09 6:43pm

One of Swamplot’s best tipsters forwards a link to a website featuring lovely renderings of a family of glassy office buildings and blocky parking garages squatting on the former AstroWorld site — along with a rather direct question: “Is this real???”

Well, the Crosswell Torian website is a real website, where the development company proudly presents its AstroWorld tower roundup under the name SouthPointe: “a hundred+ acre, transit-oriented mixed use development.” But a brand-new 13.5-million-sq.-ft. project doesn’t exactly seem tailor-made for today’s cautious real-estate market.

If the SouthPointe design isn’t real, though, it’s a brilliant parody — down to the ultra-generic name and its not-so-silent extra vowel. It expertly answers this question: How might a bunch of suburban developers — some of them from, say, Conroe — make a complete mockery of Houston’s highest profile and best connected redevelopment site?

CONTINUE READING THIS STORY

09/11/08 7:31am

Greenway Plaza, Houston

Morgan Stanley, having swallowed Crescent Real Estate Equities near the peak of the market last year, is having a little trouble digesting the REIT.

The Wall St. Journal reports that one of the Crescent properties Morgan Stanley is ready to spit out is . . . Greenway Plaza. An article by reporters Lingling Wei and Aaron Lucchetti finds a July estimate of $826 million for the 10-building complex.

Photo: Flickr user ShinyCrazyDiamond

07/17/08 6:56pm

Rendering of Lakeview Business Park, 14502 Fondren Rd., Missouri City, Texas

The Willowisp Country Club is being transformed — from not-loved-enough golf course . . . to tilt-wall paradise! First, the clubhouse was clubbed. Then somebody probably had to go around and remove all those holes. Now the first three buildings of Trammell Crow’s new 168-acre Lakeview Business Park are under construction, reports Amy Wolff Sorter in Globe St. They’ll be complete next year, and total 240,000 sq. ft.

Whether the remainder of the park goes spec, build to suit or a combination of both depends on the market. “We’re offering the buildings for sale or for lease, which is a little different from our typical program,” says James Casey, TCC’s managing director in Houston. TCC’s more traditional MO is to keep and lease what it builds.

“This method offers us greater flexibility since we have a lot of land for the business park,” Casey tells GlobeSt.com. “We’d like to get this park developed as quickly as we can and think offering these for sale will accelerate velocity of bringing users to the park.”

After the jump: a site plan, plus public-transit-friendly views of the first three buildings!

CONTINUE READING THIS STORY