Originally Posted by TowerSpotter (Post 6431352)

Not bad....The lighting and facade really does it.

Originally Posted by HBJ

Westcreek Complex Plans Unfold, Two More Tracts for Sale

Over the past few months, pieces of a prime tract of land have been quietly sold off to developers.

Austin-based Cypress Real Estate Advisorshas been selling off parts of the Westcreek complex, a highly visible piece of property located at the 610 West Loop, adjacent to River Oaks District. Two tracts are left for sale.

“This location, coupled with a planned road to connect Westcreek Lane to the West Loop service road, makes this a premier spot for hospitality and/or condominium developments,” Brendan Lynch, senior vice president with CBRE in Houston, said in a release. He represents Cypress in the sale of the remaining Westcreek tracts.

Here is the breakdown of the property:

• Still for sale: Two tracts on San Felipe Street, one measuring 2.04 acres and the other 1.882 acres.

• Dallas-based Peloton Commercial Real Estate has 3.7 tracts under contract and plans to develop Westcreek Center, a 368,000-square-foot office project in the complex. It plans to close mid-2014.

• Houston-based Pelican Builders Inc. purchased two tracts, where it will build a mid-rise multifamily project on one and a gated town home development at Westcreek on the second.

• Atlanta-based Novare Group is developing a 25-story, 352-unit called SkyHouse River Oaks on a recently-purchased tract on the development. The project is expected to deliver in the first quarter of 2015. Batson-Cook Construction is the general contractor, and Smallwood, Reynolds, Stewart, Stewart & Associates Inc. is the architect. Both are based in Atlanta.

Cypress Real Estate Advisors is keeping 3.2 acres and has yet to disclose its plans for the tract. It originally owned the entire 30 acres at Westchase along with the land where San Diego, Calif.-based OliverMcMillan is building River Oaks District, a 658,000-square-foot mixed-use development, which includes more than 250,000 square feet of retail and restaurants.

Full Article:http://www.bizjournals.com/houston/b...racts-for.html

Originally Posted by HBJ

New tower to begin construction in Westcreek this year

The first office tower to be built on the inside of West Loop 610 in the Galleria-Post Oak market in 34 years will start construction at the end of the year.

Dallas-based Peloton Commercial Real Estate has announced plans to build a 21-story, 368,000-square-foot tower called Westcreek Centre, located between San Felipe and Westheimer near Target. It will begin construction by the fourth quarter of 2014 with a completion date set for mid-2016.

The building will include 14 office floors and seven floors for parking on 3.6 acres adjacent to the River Oaks District, a mixed-use project currently underway.