Moving into the site of the 7-story Compass Bank building demolished a year and a half ago at 2200 Post Oak Blvd., a block north of the Galleria: the bank’s new corporate parent, BBVA Compass. The subsidiary of Spanish banking giant BBVA will be leasing at least 6 floors of a new 20-story tower being developed on that location by the Redstone Companies and Stream Realty Partners. Not officially announced but still apparently planned for the northern portion of the same 6-and-a-half-acre parcel (the grassy area in the foreground of the rendering above, along Guilford Ct.): a second office building, hotel, and more structured parking. Redstone and Stream Realty had previously been marketing the mixed-use property as The Perennial.

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One notable change in the new rendering of the building just released: a lower retail section of the building shown extending toward Post Oak in earlier drawings is now gone. Could that have anything to do with the uncertainty surrounding the Uptown light-rail line planned to pass directly in front of the building? The BBVA Compass building will still have some retail space on the ground floor — including, of course, a drive-thru BBVA Compass Bank — but the rendering makes the shopping areas looks a bit smaller than the 73,960 sq. ft. planned earlier. 12 floors of office space — totaling 380,000 sq. ft. — will sit on top of a 7-story parking garage.

• BBVA Compass Announces Construction of New Eco-Efficient Corporate Office Building in Houston [PR Newswire]
• BBVA Compass to anchor Post Oak office tower [Houston Business Journal]
• BBVA to consolidate offices in new building on Post Oak [Prime Property]
• Previously on Swamplot: Mixed Use for the New Uptown Corridor: A Better Perennial Portrait, The Perennial Redstone Post Oak Idea, Seen on the Street: The Galleria Takes Off!, This Time with Fair Warning: Galleria Bank Collapse, More Action on Post Oak: Goodbye, Compass

Rendering: BBVA Compass