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Wattleigh
Jun 24, 2008, 7:44 PM
Although many of the Houston forumers have been aware of the Brookfield Properties proposals to some extent over the past few years, this year has been the first time anything remotely concrete has been mentioned about the taller of the two. This one would be located on a surface lot bordered by West Dallas Street, Clay Street & the Pierce Elevated.

From a Houston Business Journal article (http://houston.bizjournals.com/houston/stories/2008/03/17/story11.html) in March...

Brookfield is planning a 50-story office building on a 2.5-acre site west of 3 Allen Center, but will not begin construction until it is at least 50 percent leased, said Paul Layne, Brookfield's executive vice president over the Houston region.

Layne predicted that by the time Brookfield's all-glass, planned LEED Gold-certified building is finished, Class A rental rates downtown will be roughly $50 per square foot on a 10-year lease. That's estimating that rent will be in the mid- to low-$30s per square foot and operating costs will be $15 per square foot.


In this month's Corporate Profile (http://library.corporate-ir.net/library/91/917/91790/items/297187/CorpProfileJune2008_FINAL.pdf), a preliminary rendering was included for the "Near Term Future Developments" section on Page 12.

http://i177.photobucket.com/albums/w208/houtosme/5AllenCenter.jpg

HOUSTONIAN57
Jun 24, 2008, 10:26 PM
Woah this is good news, but I hope thts not the final design for this tower...
:)

Trae
Jun 24, 2008, 11:52 PM
Any guesstimate on the height?

Wattleigh
Jun 25, 2008, 12:12 AM
Any guesstimate on the height?

Somewhere around the 700 ft range, give or take. I'm saying this based on the 50 story buildings already around DT, two of which are actually in Allen Center.

One Shell Plaza - 688 Ft (Main Roof), 714 Ft (Mechanical Penthouse)
1400 Smith Street - 691 Ft
Three Allen Center - 685 Ft

photoLith
Jun 25, 2008, 2:45 AM
This is great news! We havent had a 700 footer in years, since the 80s probably, unless are the former Enron buildings 700 footers, I dont know really but this is awesome!

Von
Jun 25, 2008, 4:20 AM
omg great news! well it's atleast more decent looking than the rest of the Allen centers ugh so ugly!

KevinFromTexas
Jun 25, 2008, 5:30 AM
Isn't that the taller of the two former Enron buildings to the right? If so, that building is 691 feet, so this one could be up to 750 feet tall.

The last 700 footer to be built in Houston was the Heritage Plaza in 1987.

Xeelee
Jun 25, 2008, 2:13 PM
This is very good news. I hope they can pull this one off. Perhaps something with a spire? Or some kind of crown... :)

I have my fingers crossed for this tower.

Great_Hizzy
Jun 25, 2008, 2:46 PM
I doubt this tower has much of a spire but I do think, based on some things I've heard, that the top floor will be a premium floor and that the roof will be "green", so those two factors alone might yield a plus-700 foot height in the final scheme.

The rendering doesn't reveal much other than the general shape of the building and the fact that glass will be a prominent part of the building's skin.

Trae
Jun 25, 2008, 3:39 PM
I don't want a spire in Downtown.

I would prefer that Deyear 80-story tower have a spire. Uptown would look good with a spire.

weatherguru18
Jun 25, 2008, 4:09 PM
Yay...another box...a really tall big box.

Von
Jun 26, 2008, 5:43 AM
hmm i found the same pic but a lito it bigger... http://i58.photobucket.com/albums/g263/Geebuzz102/5-allen-center-shrouded.jpg

Trae
Jun 26, 2008, 5:46 AM
Yay...another box...a really tall big box.

Never satisfied....

Xeelee
Jun 26, 2008, 1:55 PM
Well as long as it looks nice. :)

Complex01
Jun 26, 2008, 2:51 PM
Yeah. I was trying to guess the height as well. That would be awesome if it passed 700 feet. So now we shall see on this one. Also i would like to see a kewl looking spire downtown. I think it would be kewl.

Anyhow great news for sure. Hope it will go through...

:tup:

Trae
Jun 27, 2008, 1:07 AM
I think a spire would look better in Uptown, than in Downtown, but wouldn't mind one in either places. :)

Xeelee
Jun 27, 2008, 2:13 PM
Maybe even something "wavy". :)

aluminum
Jul 4, 2008, 3:22 AM
Great. The 3rd best skyline in the US is finally showing some developments...

TritonHouston
Jul 4, 2008, 8:11 PM
Not to sound rude, but finally? You don't check the Houston development thread, do you? :)

aluminum
Jul 4, 2008, 9:00 PM
^ I was just joking with the 'finally' word up there... :haha: I know Houston has a lot to show in the coming years.

photoLith
Jul 6, 2008, 9:25 PM
Any news on the progress of this tower? or any photos of where its going to be, i dont really know exactly what plot its going to on. Its just a parking lot taking up space, right? I hope so!

Xeelee
Jul 7, 2008, 5:24 PM
I think we should build this.

Complex01
Jul 9, 2008, 4:22 PM
Any news on the progress of this tower? or any photos of where its going to be, i dont really know exactly what plot its going to on. Its just a parking lot taking up space, right? I hope so!

It is taking a parking lot...

c4smok
Aug 1, 2008, 8:59 PM
http://www.houstonarchitecture.info/haif/index.php?s=&showtopic=17026&view=findpost&p=267371

views of the tower on haif

photoLith
Aug 1, 2008, 9:20 PM
^^^
thanks for the info, it looks awesome! I cant believe it will have been almost 30 years since Houston has gotten a decent sized tower like this.

Reverberation
Aug 1, 2008, 10:49 PM
^^^
thanks for the info, it looks awesome! I cant believe it will have been almost 30 years since Houston has gotten a decent sized tower like this.

I think 4 Allen Center went up in 1999 or 2000.

HOUSTONIAN57
Jan 20, 2009, 12:41 AM
New Rendering of Five Allen Center!:D

http://i294.photobucket.com/albums/mm99/YahTrickYah57/5AllenCenter.jpg

From:http://ddeleo.com/files/Brookfield.pdf

TexasBoi
Jan 20, 2009, 2:40 AM
So does this have any chance to get off the ground in this current economic time.

HOUSTONIAN57
Jan 20, 2009, 3:00 AM
So does this have any chance to get off the ground in this current economic time.

For some reason I have faith in this project and I think it will get off the ground. Also Houston is doing better than other Major Cities so that might help as well.:yes:

Complex01
Jan 20, 2009, 4:14 AM
I really hope it goes through. It would look great in that location. Such an awesome looking tower...

:yes:

photoLith
Jan 20, 2009, 6:18 AM
Hmmm, I dont see it happening. Not anytime soon at least. Maybe withing 3 or 4 years, not now though.

TXLove
Jan 20, 2009, 9:20 AM
I hope that this one is built. Boxy or not anyone would love to add a 700ft skyscraper to their skyline!!!!

HOUSTONIAN57
Jan 20, 2009, 6:14 PM
I hope that this one is built. Boxy or not anyone would love to add a 700ft skyscraper to their skyline!!!!

Looks than 7ooft to me, I'll say 8ooft. Also I like the top and it looks like a trapezoid shape building.:)

Urbannizer
Jan 20, 2009, 10:31 PM
New Rendering of Five Allen Center!:D

http://i294.photobucket.com/albums/mm99/YahTrickYah57/5AllenCenter.jpg

From:http://ddeleo.com/files/Brookfield.pdf


Woah this building is cool. I thought this thing was dead. Hope it goes through.:)

shakman
Jan 20, 2009, 10:48 PM
I would think One Allen would have to get tenants before any financing would occur. Even if there are two different owners.

photoLith
Jan 20, 2009, 11:42 PM
Man, the Houston forums have been ablaze today. I wish it was like this more often!

HOUSTONIAN57
Jan 21, 2009, 1:09 AM
Man, the Houston forums have been ablaze today. I wish it was like this more often!


Yup today and yesterday has been awesome and now I present to you yet another rendering of Five Allen Center...:D

Look at the Modern Sculptre!:)

From Swamplot..

http://i294.photobucket.com/albums/mm99/YahTrickYah57/5-allen-center-sculpture.jpg

A major downturn in the economy tends to make it a bit easier to happen upon images of developments that have been planned in secret — though finding them can be somewhat less exciting than unearthing plans that are actually likely to happen. A tipster reports HAIF user lockmat’s discovery of two images of Brookfield Properties’ planned Five Allen Center office tower Downtown. We saw one hazy picture of this building back in June. But is there any more to it now than just a few pretty pictures?

Five Allen Center is marked “pre-development” on the Brookfield website: a 50-story, 1.2-million-sq.-ft. office tower planned for a 2.5-acre site at the northwest corner of Downtown — at the northeast corner of Houston Ave. and West Dallas. That’s a rather prominent position.

Complex01
Jan 21, 2009, 10:49 PM
Kewl...

I wish there was a better rendering out there. One with much more detail. Still from what can be, looks very sleek...

:yes:

photoLith
Jan 22, 2009, 5:26 AM
^^^
I have found but one rendering and it was on the companies pdf file and it was a tiny little photo. The one that has already been posted above. There isnt much out there about this project yet which makes it seem like it probably wont happen. I sure hope it does.

Complex01
Jan 22, 2009, 7:43 PM
At this point, i am just hoping the idea itself stays alive. Only time will tell. If anything we have a few things to watch get built for the time being. Still more is always welcome...

Wheelingman04
Jan 22, 2009, 8:43 PM
That building looks great. I hope it happens.

James2390
Jan 23, 2009, 8:16 PM
Looks good! Hope to see some better renderings, though.

The 3rd best skyline in the US...

:hahano:

photoLith
Jan 24, 2009, 1:24 AM
Looks good! Hope to see some better renderings, though.



:hahano:

Whats so funny about that!!!! Houston has a damn good skyline. NYC, Chicago, Houston, San Fran, and so on. You shall be burned at the stake for your blasphemy!

shakman
Jan 26, 2009, 3:04 PM
Whats so funny about that!!!! Houston has a damn good skyline. NYC, Chicago, Houston, San Fran, and so on. You shall be burned at the stake for your blasphemy!

Everyone is entitlted to their opinions. Do not let others comments /gestures bother you. This how threads get hijacked and then... you know the rest...

In my opinion... Houston has a damn good skyline. Five Allen Center will add to it, though I wish it were not a box. Houston could use a nice "flair" to its skyline. I would like for this proposal to have that "flair".

urbanactivist
Jan 26, 2009, 6:02 PM
IMO...

The rendering sucks, and it's a nice project, but do we really need it? Is Main Place leased out yet?

i'd rather see Houston concentrate on the wonderful projects that we already have, than try to start another monster scraper (especially at a time when CBD office vacancies are on the rise). BTW, there's no confirmation of this yet... no construction, and no groundbreaking. I'd be surprised if this starts at any time during 2009.

Complex01
Jan 26, 2009, 6:34 PM
I want a kewl looking spire, thats what i would like to see...

:D

CHAPINM1
Jan 26, 2009, 7:06 PM
IMO...

The rendering sucks, and it's a nice project, but do we really need it? Is Main Place leased out yet?

i'd rather see Houston concentrate on the wonderful projects that we already have, than try to start another monster scraper (especially at a time when CBD office vacancies are on the rise). BTW, there's no confirmation of this yet... no construction, and no groundbreaking. I'd be surprised if this starts at any time during 2009.

I'd say Houston WILL need it. From the time construction starts until the time the building is ready for move-in, a lot of time will have passed in addition to the economy in Houston growing over that same period. I can confidently say that within the next few years both towers will be mostly occupied.

Shasta
Jan 26, 2009, 10:57 PM
Class A office space in downtown is still at a premium. Less than 7% direct vacancy rate.

There is NO available space for a major relocation and expansion space is also dicey likely requiring split floors and/or multiple buildings.

Hess taking the entire Discovery Tower speaks volumes for downtown's appeal. I would be very suprised if Brookfied doesn't move forward with this in the very near future. Additionally, it is widley know that Devon wants more space and a trophy tower. Now that Discovery is off the market...

HOUSTONIAN57
Jan 26, 2009, 11:38 PM
I'd say Houston WILL need it. From the time construction starts until the time the building is ready for move-in, a lot of time will have passed in addition to the economy in Houston growing over that same period. I can confidently say that within the next few years both towers will be mostly occupied.

I Agree 100%.

HOUSTONIAN57
Jan 26, 2009, 11:39 PM
Class A office space in downtown is still at a premium. Less than 7% direct vacancy rate.

There is NO available space for a major relocation and expansion space is also dicey likely requiring split floors and/or multiple buildings.

Hess taking the entire Discovery Tower speaks volumes for downtown's appeal. I would be very suprised if Brookfied doesn't move forward with this in the very near future. Additionally, it is widley know that Devon wants more space and a trophy tower. Now that Discovery is off the market...

Ditto.

Complex01
Jan 26, 2009, 11:46 PM
Agreed...

:yes:

photoLith
Jan 26, 2009, 11:55 PM
Devon is going to possibly occupy this building? I thought they were already building a 950 some odd foot building in OKC. That company must be doing amazingly well right now.

HOUSTONIAN57
Jan 27, 2009, 12:01 AM
No they're not but its a possibility. Devon Tower in OKC is 955ft 50Floors.

Shasta
Jan 27, 2009, 5:16 AM
Devon Energy is based in OKC but they have a major presence in downtown Houston. One of the Allen Center towers is already named for the lead tenant; Devon... Well, guess who owns the Allen Center? Brookfield. Guess who is proposing the Allen Center addition? Brookfield.

Devon officials have already made it clear that they need more space and they'd like a "trophy" tower in Houston. Since the can't take the Discovery Tower (Hess) and haven't announced for MainPlace and their employees are already familiar with the Allen Center then connect the dots...

photoLith
Jan 27, 2009, 6:18 AM
Well then I hope they get their trophy tower.

worthy cook
Jan 27, 2009, 9:18 PM
Trophy will be in OKC. putting over a billion into the entire project so I don't think they would put one down there. Would just get lost in all the other good biuldings down there.

Urbannizer
Jan 27, 2009, 11:19 PM
Trophy will be in OKC. putting over a billion into the entire project so I don't think they would put one down there. Would just get lost in all the other good biuldings down there.

....and they want a "trophy tower" for Houston as well and Five Allen Center might be the Tower. Anything is a possibility. Spending a a billion+ dollars to get Devon Tower built is alot but remember, Brookfield might build this one not Devon Energy, and all Devon Energy have to do is lease it. (If they want to.) Someone else can lease Five Allen Center.

Wattleigh
Jan 27, 2009, 11:41 PM
Thanks, Shasta for restating what should be said. It's easy to get wrapped up in waiting and whatnot.

I think it should also be noted that corporate presentation from last year mentioned delivery should be in the first quarter of 2013. If I heard nothing in the next year and a half... you might have a case to be fretful about the building's prospects. Now? No.

Would just get lost in all the other good biuldings down there.

Yes, having frontage on what is arguably THE picture/postcard view of the skyline will somehow get it lost in the mix. Ok...

worthy cook
Jan 28, 2009, 6:02 PM
so sensitive. geez.

Wattleigh
Jan 28, 2009, 7:04 PM
so sensitive. geez.

I was simply correcting your point.

Whatever is built there would be impossible to miss since it would have frontage in Allen Center, right AT the Pierce elevated, from what is arguably the most familiar perspective of Downtown & the city.

http://www.museumofhouston.org/images/taller17.jpg
http://www.museumofhouston.org/images/taller17.jpg

In this view, a 50-story building would block out Three Allen Center and possibly some or all of 1400 Smith Street, therefore... it's kinda hard for such a structure to be lost in anything.

Even the new Heritage/Clay garage in front of the Doubletree, for better or worse, makes a mark.

Shasta
Feb 4, 2009, 9:24 PM
Now, for a bit of bad news... Devon just announced RECORD breaking losses for the quarter. Much worse than analysts had expected.

Not saying it's off, but for the first time, I have my doubts.

photoLith
Feb 4, 2009, 9:38 PM
^^^
Great news! YAY

urbanactivist
Feb 4, 2009, 10:48 PM
^^^
Great news! YAY

Record breaking losses can only mean one thing... more job cuts. That's not great for anyone :(

Saddle Man
Feb 5, 2009, 3:34 AM
I suspect photolitherland was being sarcastic.

AstrosFreak
Feb 6, 2009, 1:06 AM
I wouldn't worry too much. Devon had only one bad quarter and with gas prices on the rise again, I'm sure they'll be in a good position going forward.

Also, this tower is aways off. This property is an important one for Brookfield. It'll get done; its only a matter of when.

Thymant
Feb 25, 2009, 11:27 PM
:previous:
I agree with you I think this one will be done as well. And also I think that this building would be a great addition to the skyline.

Urbannizer
Jun 22, 2009, 12:38 PM
New Rendering, but still small.

http://i294.photobucket.com/albums/mm99/YahTrickYah57/FiveAllenCenter-1.jpg

http://library.corporate-ir.net/library/91...ch2009FINAL.pdf (http://library.corporate-ir.net/library/91/917/91790/items/328001/2CFA10DB-4FCE-49A0-8C5F-5DE9BCD17680_March2009FINAL.pdf)

shakman
Jun 22, 2009, 3:40 PM
...and skinny.

It looks very disproportional.

Urbannizer
Jun 23, 2009, 4:39 PM
Some new things about this tower.

-It will be adjacent to the Allen Center

http://media.corporate-ir.net/media_files/...AR_MD&A.pdf (http://media.corporate-ir.net/media_files/irol/91/91790/2008AnnualReport/downloads/Brookfield2008AR_MD&A.pdf) (pg. 7)

-There will be a skybridge connection to the Allen Center as well.

http://phx.corporate-ir.net/External.File?...GU9MQ==&t=1 (http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzM1NDM1fENoaWxkSUQ9MzE5MDQ4fFR5cGU9MQ==&t=1) (pg. 28)

-This tower will be constructed on whats now a surface lot thats not across I-45.

http://maps.google.com/maps?q=29.75891,-95.37298&t=h&sll=29.759956,-95.362534&sspn=0.620886,1.024475&hl=en&ie=UTF8&ll=29.758277,-95.373312&spn=0.001569,0.002468&z=18

:banana:

Thymant
Jun 24, 2009, 3:04 AM
I dont know if i actually like the way the building looks in that rendering. Looks extremely geometric. :shrug:

Urbannizer
Jun 24, 2009, 3:58 AM
This tower will make a significant change on the skyline...

http://i294.photobucket.com/albums/mm99/YahTrickYah57/Houstonin2013-1.jpg

Metro Matt
Jun 24, 2009, 5:08 AM
So is it a go or not?

Urbannizer
Jun 24, 2009, 11:56 AM
So is it a go or not?

Still have to wait for that 50% lease for anything to move forward.

Urbannizer
Jul 17, 2009, 5:14 PM
http://i294.photobucket.com/albums/mm99/YahTrickYah57/FiveAllenCenter-2.jpg

1. Currently under construction,(?) Five Allen Center’s distinctive case, we’re driven by the same ideas: beauty, sustainability and strength. design will provide expansive city and bayou views.

http://s3.amazonaws.com/ppt-download/brookfieldbrochurefinal-090625084518-phpapp01.pdf?Signature=itFN%2B%2F5GDkH8P9YPdIUtDarF0Ks%3D&Expires=1247857704&AWSAccessKeyId=1Z5T9H8PQ39V6F79V8G2

futuresooner
Jul 17, 2009, 5:56 PM
That rendering makes it appear as tall as Wells Fargo Plaza and the girth of Continental Center's width. A little disproportionate to what it'll likely look like.

JManc
Jul 17, 2009, 5:56 PM
i don't think that is under construction. not yet at least.

plinko
Jul 17, 2009, 9:05 PM
Based on the perspective, it appears to be just shorter than Heritage Plaza, so about 750'. Probably about right...

That is a big brutal building, and fits right into the Houston skyline.

Thymant
Jul 21, 2009, 2:42 PM
It looks like it fills in a huge gap.

AstrosFreak
Jul 21, 2009, 7:09 PM
It looks like it fills in a huge gap.

This render is more like the ghost of Five Allen Center, so you can see through it to the buildings it covers up. If it was a little to the left or right it would fill a gap. In that location, it's covering up one of the older members of the Houston "wall."

Saddle Man
Jul 21, 2009, 10:12 PM
.

philvia
Jul 22, 2009, 12:14 AM
not sure if it's been mentioned... but in that last render it really resembles 7wtc!

johnme
Jun 12, 2010, 7:52 AM
Any news on this project?

Wattleigh
Mar 23, 2012, 7:49 PM
Per Biznow, perhaps an nod to this building being the one that's ultimately announced?

http://www.bisnow.com/real-estate-hou/2012/03/20/the-deal-sheet-427/

We also snapped Cresa Houston’s Sue Rogers and Brookfield’s Paul Frazier. Paul says there will be an office building announced Downtown this year, but it will need to be 50% preleased. His firm has a 2.5-acre site where it’s planning on building a 900k SF to 1.1M SF building. It needs rents around $31/SF net, but existing buildings are leasing around that level; he expects the rate to trickle to preleasing soon because of the lack of big blocks available.

Wattleigh
Dec 28, 2012, 5:50 AM
In addition to the renderings previously posted - HAIF user lockmat found this one (http://www.houstonarchitecture.com/haif/topic/17026-five-allen-center/page__st__150#entry411400), among others previously seen, an a personal design portfolio website. At the very least, a leasing brochure exists for prospective tenant...

http://www.jacobwandersee.com/wp-content/uploads/2011/01/5ACcover_FW-506x675.jpg

http://www.jacobwandersee.com/wp-content/uploads/2011/01/5ACcover_FW-506x675.jpg

shakman
Dec 28, 2012, 3:24 PM
Brookfield Office Properties has been marketing 5 Allen Center:
http://www.brookfieldofficeproperties.com/content/Houston/Five_Allen_Center-8784.html

Dylan Leblanc
Dec 28, 2012, 4:06 PM
Good to hear this one's still alive!

KevinFromTexas
Dec 28, 2012, 8:39 PM
If this gets built it'll be the tallest building to be built in Texas in at least 25 years. The last 700 footer to be built in Texas was actually three of them in 1987 with two in Dallas and one in Houston.

Yackemflaber69
Dec 30, 2012, 12:44 AM
is it approved yet

PNWbyTX
Jan 17, 2013, 2:26 AM
This is very good news. I hope they can pull this one off. Perhaps something with a spire? Or some kind of crown... :)

I have my fingers crossed for this tower.

Yes. :tup: Houston has long needed a tall with a spire. An actual, true spire, not just a tall communications antennae. It's the one thing that is sorely missing from the skyline. I know that won't happen with this particular project, but I really hope it happens soon.

Shasta
Jan 17, 2013, 6:45 AM
This one has a lot of competition. Brookfield is pitching this at the same time they are pitching a smaller tower to be built over the Allen Center Garage which houses the Metropolitan Racket Club on the roof.

Meanwhile, Hines (recently completed the BG Group 46 story tower on Main St) is marketing a new tower on the empty lot on the corner of Main and Texas St.

Skanska is floating the idea of tearing down the Houston Club Bldg. for a proposed office tower of unknown size (but I imagine it would have to be large in order to be cost effective to demolish a structure).

There's also some speculation that a developer is pitching a mixed use (with some office space) tower on the South block of Market Square.

And now, there are rumors of Chevron building a new tower to add to their growing downtown campus (the old Enron Bldgs). Chevron already owns the lot where the old YMCA used to stand. Latest I heard was the tower would be 50+ stories tall.

It is likely that only 1 or 2 of these will make it out of the ground. My $$$ is on Chevron (they just announced 800 workers coming to downtown from their San Pablo, CA Hdqts.) first and then possibly Hines (proven track record) or Skanska (deep pockets that can do their own financing).

DanielG425
Mar 4, 2013, 5:17 AM
Is there any word on what is the future of this building? Or any of the buildings in the above post?

Urbannizer
Jul 10, 2013, 6:39 PM
Finally some news on this one..

Downtown has a serious pull: It's what got Brookfield local head Paul Frazier into real estate. He worked as mail clerk at Vinson & Elkins the summer before he entered college—intending to become a lawyer like his father—and as he walked the area delivering packages, he was fascinated by the construction boom under way.

Now Paul manages 8.4M SF in the submarket—it's a mailbags to riches story. After graduating from Baylor in 1981, Paul joined The Office Network (an affiliation of companies started by The Horne Co) as a marketer. Two years later, he moved to The Horne Co as an office leasing rep, which has remained his focus. He tells us his two all-time favorite deals were Chevron's lease in 1400 Smith in '06 (it was the largest transaction in the country at the time) and KBR's renewal and expansion Downtown in 2010. The latter was particularly meaningful because KBR planned to build a West Houston campus and his team convinced it to stay Downtown, a major coup for both Brookfield and the submarket.

On his professional bucket list: redeveloping Allen Center and developing Five Allen Center. (That's better than our bucket list which is just: "Meet Cher.") Paul tells us he's never done a significant repositioning of an existing property, so he's looking forward to that process. (Look for more info in a few months.) And Five Allen Center isn't far off; Brookfield plans to build the 1.1M SF 50-story skyscraper on a site it owns. It won't go spec, but based on today's market, Paul imagines he could negotiate a pre-lease in the next year or so and be in the ground in a few years.

Article: http://www.bisnow.com/commercial-real-estate/houston/my-story-paul-frazier/

toxteth o'grady
Jul 12, 2013, 5:23 PM
That suggests this building will get started about the same time as Chevron's new building.

Urbannizer
Aug 16, 2013, 5:40 AM
Five Allen Center Scaled down to 40 Floors:

“I think you will see us develop our plans a little further for what we are calling, for now, 5 Allen Center,” he said. “It’s on two and a half acres on the western perimeter of downtown. We are contemplating there a 40-story tower with maybe as much as a million square feet.”

http://www.bizjournals.com/houston/blog/breaking-ground/2013/08/more-than-rumor-brookfield-makes.html

Urbannizer
Oct 21, 2013, 4:06 PM
Five more floors cut from Five Allen Center, according to this report:

http://www.avisonyoung.com/sites/default/files/market-intelligence/3Q13%20Houston%20Office%20Development%20Update.pdf

toxteth o'grady
Oct 21, 2013, 7:47 PM
This is beginning to sound more and more like the odd man out.

TowerSpotter
Nov 19, 2013, 5:21 AM
New Design

http://i.imgur.com/zLsAO9s.jpg

http://i.imgur.com/ds7j8B3.jpg

http://i.imgur.com/9CwPMoK.jpg

toxteth o'grady
Nov 19, 2013, 9:27 PM
The incredible shrinking building.

TowerSpotter
Nov 19, 2013, 10:53 PM
The incredible shrinking building.

Its 35 floors now and I think that it is a good idea that it shrunk. Its has a better and won't look as out of place as it did before due to the height.

franktko
Nov 19, 2013, 10:58 PM
Its 35 floors now and I think that it is a good idea that it shrunk. Its has a better and won't look as out of place as it did before due to the height.

On that new render, it looks like 20-25 floors...