Quote:
Originally Posted by TKD
The site is technically still in the demolition phase, there is a small portion of remaining structure from the previous buildings in the northeast corner of the lot that needs to be demolished. BP like all the other large developers is not going to go against the conditions of the market and build on spec without getting a tenant first and news will surely come if they do get one.
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Thanks. Since BP has a deep-pocketed investor, I thought that they might build on spec considering the demand for high-end, new space. Also, this tower presumably has fairly small floor plates that will appeal to boutique lawfirms, hedge funds, etc. It doesn’t seem like the type of tower that would get one user to pre-lease 400k sf+, which is essentially half of the building’s total space.
Most importantly, can you comment if the design has evolved?