Posted Jan 19, 2021, 3:44 PM
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Poppity Pop Pop Pop!
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Join Date: Oct 2007
Location: Houston - Wichita, KS
Posts: 2,382
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HOUSTON | 1550 On The Green | 410 FT | 28 FLOORS
https://www.bizjournals.com/houston/...ice-tower.html
Quote:
Skanska reveals plans for 28-story office tower downtown, including anchor tenant
By Jeff Jeffrey – Reporter, Houston Business Journal
Jan 13, 2021, 9:43am CST
Skanska USA Commercial Development will soon build a 375,000-square-foot, 28-story office tower — dubbed 1550 on the Green — adjacent to Discovery Green in downtown Houston.
The Sweden-based parent company announced Jan. 13 that Norton Rose Fulbright, one of the largest law firms in Houston, signed on as the first tenant in the tower. Norton Rose Fulbright has more than 175 lawyers in its Houston office and currently is based in the Fulbright Tower, at 1301 McKinney St., part of the Houston Center complex downtown. The firm will relocate in 2024 and have naming rights in Skanska's new tower, where it will occupy 32% of the office space.
CBRE’s Jon Lee represented the tenant in the lease transaction.
“Norton Rose Fulbright takes great pride in being part of the fabric of downtown Houston for more than a century,” said Carter Crow, partner-in-charge of Norton Rose Fulbright’s Houston office. “We are excited about this opportunity and look forward to our move into this modern and energizing space, where we will continue to provide first-class service to our clients and give back to this community that is so important to us.”
Skanska hired BIG-Bjarke Ingels Group to design 1550 on the Green, the international design firm's first project in Texas. It will be designed to achieve LEED Platinum certification. Austin-based architect Michael Hsu will design the interior amenity spaces, including a fitness center, rooftop event space and terrace on level 28 as well as community spaces throughout the property.
Skanska plans to announce the construction timeline after it receives all of the required permits.
Records filed with the Texas Department of Licensing and Regulation show that construction of the building at 1550 Lamar St. could begin as early as June 1, with an estimated completion date of May 1, 2023. The initial phase of the project is expected to cost $117 million, according to the TDLR filing.
The TDLR filing says the office tower was designed to include two basement levels of parking, six levels of above-ground parking, 20 floors of office space and a mechanical penthouse. There will be 7,000 square feet of ground-floor retail.
The office building is part of Skanska's larger plans for the Discovery Green area. In early 2020, the developer and BIG completed a master plan for a 3.5-acre mixed-use district called Discovery West, which will include restaurants, retail and green space. The companies worked with leaders from Central Houston Inc., Discovery Green, Bike Houston and the Kinder Foundation as well as several brokers.
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Last edited by Urbannizer; Aug 11, 2021 at 6:37 PM.
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