[Txdev]

Fry guy, you seem dumbfounded, so i’ll explain more on what I was thinking.

New Frost tower was proposed publicly Summer 2014. At that time, Frost Bank had already committed to moving to the new tower, so prelim architectural, space planning, budget estimates had already gotten far enough along for Frost Bank to agree to a lease size and cost. So probably the project started at least a year before that, but who knows.

CPS has been kicking around the idea for a new HQ for a while, but had no site, no design, etc. Summer 2016, they announce they have picked a site (but don’t have full architectural plans, haven’t closed on the land, etc.

Come early summer 2018, Frost tower tops out concrete superstructure, and skin is following closely behind. Late summer, CPS has removed the old skin, and has the concrete superstructure. So, CPS is several months behind Frost, but considering Frost started 2-3 years earlier, fairly close.

So the point is, for Frost, from announcement to move in is about 5 years, and they’ve really probably been working on it for 6+. (And they have moved very quickly!)

By making the choice to gut and redo existing buildings, CPS timeline will probably be at least a year faster than if they had chosen a new build option.