Originally Posted by toxteth o'grady (Post 6652435)

Darn.

Originally Posted by Chron

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.

Originally Posted by Ziegler Cooper

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.

Originally Posted by HBJ

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."