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Old Posted May 30, 2014, 7:08 PM
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Wattleigh Wattleigh is offline
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Join Date: Oct 2007
Location: Houston - Wichita, KS
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http://www.bizjournals.com/houston/b....html?page=all


Quote:
May 21, 2014, 2:10pm CDT

Hines invests big bucks to be a good neighbor

Jenny Aldridge
Reporter - Houston Business Journal

Hines is aiming to be a good neighbor. To avoid costly injunctions and potential lawsuits, Houston-based Hines is spending hundreds of thousands of dollars to import a crane from Italy that is designed to reduce the reach into neighboring properties.

The real estate development company is importing a Luffing crane from La Spezia, Italy, to use for construction at San Felipe Place, a 167,000-square-foot office tower located between Kirby and Shepherd drives. Leasing the crane adds an additional $350,000 to construction costs.

Given all the hubbub around the so-called Ashby high-rise, a proposed tower located at 1717 Bissonnet St. that has come under fire by nearby residents, Hines took a pre-emptive approach to the construction of San Felipe Place. One step it's taking is by importing this top-of-the-line crane.