Home > Uncategorized > SOMETHIN’ NEW AT THE GALLERIA


October 12, 2010 Leave a comment Go to comments

Skanska’s Mike Mair, Greg Mondshine, Donald McCormick, and John Kirk took a break from planning the 300k SF, 19-story office building to chat. Mike tells us the site on 3009 Post Oak is ideal because of the Galleria’s traditionally stable occupancy and pent-up demand for new product. Greg, who’s handling leasing, adds that many tenants in the area have leases expiring in the next three years, providing great opportunities for lease up. But Greg says pre-leasing is tough in Houston, and they’re going ahead with the $60 to $90M, 20-month construction with or without a tenant locked in. It’ll be 100% self-financed, so Skanska can react whenever timing is best. Although no groundbreaking is set, opening is slated for 2012.

3009 Post Oak rendering

The building will have a two-story lobby with an art wall (Skanska’s interviewing artists now) and seven stories of parking. It’ll be the only office with frontage to both 610 and Post Oak and is adjacent to two parks. If that isn’t enough of a draw, John says they’re getting a traffic signal dedicated to the property. Greg tells us the building will have state of the art mechanical systems, including an Energy Recovery Wheel, which uses cool exhaust to strip heat from intake and reduces consumption 25%. The building is pre-certified LEED Gold and the gentlemen say they hope to reach Platinum.

Above, a rendering of the autocourt with planned heritage oak tree. Skanska bought the 2.3-acre tract from Hines. (CBRE’s Simmi Jaggi repped Skanska, and McDade, Smith, Gould, Johnston, Mason + Co’s Todd Mason, and Jeff Lindenberger represented Hines.) Kirksey is designing the building, and Capstar Commercial Real Estate Services has been brought on to manage it. Mike tells us Skanska is looking for more development opportunities, but he took a break from searching last week to travel to London. It was business this time, but he was likely reminded of a more exciting trip there—his honeymoon.
Reprint from Bisnow.com
Categories: Uncategorized
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