This is the second phase to the office component of this project, BBVA Compass Plaza. It's a residential & hotel combo, 446 units at 36 floors. We should get a more detailed rendering once the high-rise is announced officially.
The project has grown in size, it was originally proposed at 30-floors (tower on the right).
Last edited by Urbannizer; Oct 12, 2022 at 1:50 PM.
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Original plan: In 2011, a group affiliated with the Redstone Cos. - now TRC Capital Partners - said it was planning a hotel and office tower on the Uptown site. It said the project was contingent on financing and could be underway within a couple of years.
Update: At the end of last year, the developer signed an agreement with a hotel brand and plans to break ground on a full-service hotel in the second or third quarter. The office building has been put on hold until a tenant can be found.
This high-density, mixed-use project will include an office tower adjacent to a 36-story apartment/hotel. The office portion will be a 29-story, 367,000-s.f. boutique, podium-style building with eight levels of above-grade parking and 4,600 s.f. of retail at the ground level. The development is being designed to meet USGBC requirements, and is striving to achieve LEED Gold.
42,410 GSF, Retail
135,950 GSF, Hotel 170 Units
5,960 GSF, Hotel Restaurant
47,057 GSF, Hotel Common Spaces
322,134 GSF, 276 Apartment Units
12,780 GSF, Apartment Common Spaces
Separate Amenity Spaces for Hotel & Apartments Including Plaza Decks with Pools
332,924 GSF, Parking Garage
367,242 GSF, New Office Tower Including:
14,000 GSF, Retail
14,000 GSF, Miscellaneous Lobby & Back-of-House Spaces
Sky Garden, Level 20
Finish Out of Public Spaces
412,140 SF, Parking Garage
Pursuing LEED® Silver Certification
After Galleria-area tower sells, phase two on hold
After BBVA Compass Plaza, which opened at 2200 Post Oak Blvd. in April 2013, was purchased by a Spain-based private investor, HBJ caught up with one of the developers to talk about plans for a second phase nearby.
Preston Young, regional managing partner for Dallas-based Stream, said the sale showed that interest from outside investors is still strong in Houston despite low oil prices.
Still, he said the fundamentals of the market mean the phase two office tower proposed for 2100 Post Oak Blvd. is on hold for now. According to TRC Capital Partners' website, the proposed project would include 343,000 square feet of high-end office and retail space on 29 floors.
"Last year, we made the decision to put pencils down on that project for the time being. Not only would it be difficult to achieve financing for a spec office project right now, the fundamentals aren’t right," Young said.
"A similar thing happened with phase one," Young added. "We originally had plans in 2007 to push the ball forward on development, but the Great Recession put the project on hold for 18 to 24 months, and we broke ground in 2011. Right now, we’re in wait-and-see approach with phase two."
TRC Capital Partners is re-evaluating its plan to do more office in Uptown, says TRC Capital Partners CEO Steve Lerner (right, with Lehmberg & Associates’ Gary Lehmberg). It’s going forward on a hotel next to BBVA Compass Plaza (a hotel flag has been chosen and the team is heavy in redesigning that project), but even though a second office tower is designed and permitted, TRC could do residential (rental or condo) there instead if it doesn’t find a 100k SF anchor tenant.
Loews Hotels and Resorts owns a plot of land in Uptown that could one day occupy a Loews hotel, the brand's first in the Houston market, a Loews spokesperson told the Houston Business Journal.
Loews Hotels and Resorts, a subsidiary of New York-based Loews Corp. (NYSE: L), has "work underway to assess feasibility and concept for a hotel," the spokesperson said, adding that no decisions have been made. The land's specific location wasn't made available, and the spokesperson couldn't be reached for further comment. It's unclear how long Loews has owned the land.
A timeline on when Loews would develop a Houston hotel wasn't made available, but "Houston will be the first to know when the time comes," the spokesperson said. Loews has been interested in Houston since at least 2013, when the company's then-president and CEO Paul Whetsell said Loews was interested in entering the Houston market either through an acquisition or a new development, Hotel News Now reported.
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