Courtesy of Real Estate Center at Texas A&M

HOUSTON - Skanska USA Commercial Development Inc. is breaking ground on a speculative office building in the Galleria area and will start construction immediately on a 20-story building at 3009 Post Oak Blvd., directly east of the Gerald D. Hines Water Wall Park.

The 302,000-sf building has been precertified as LEED Platinum and will have 12 stories of office space on top of eight levels of garage parking.

The project will cost $60 million to $90 million to develop, the same cost projection announced in January 2010, said Michael Mair, Skanska’s executive vice president/regional manager.

Skanska does not have any tenants lined up for the building, Mair said, but the company says there is pent-up demand in the Uptown/Galleria area. It’s been more than 20 years since the last round of office construction in the submarket.

Skanska will be competing for tenants with a 380,000-sf office building that’s being constructed by Redstone Cos. and Stream Realty Partners LP at 2200 Post Oak. BBVA Compass bank will be the anchor tenant in that building.

Read more at the Houston Business Journal at http://www.bizjournals.com/houston/news/2011/11/07/skanska-breaks-ground-on-delayed.html
.............................................................................................
visit my entire blog at http://blogs.har.com/cynthiamullins

email cynthia@cynthiamullins.com
follow me at www.twitter.com/cynthiamullins
friend me at www.facebook.com/cynthiamullins1

see what people like about the Heights and what they think is its best kept secret at www.youtube.com/cynthiamullins
houston heights real estate housing market homes for sale buying selling inner loop properties houston texas tx OPEN  Houses 1545 Heights Boulevard, Houston, TX 77008 77007 77009 houston heights realtor Woodland Heights Norhill Sunset Heights HISD Hogg Middle School IB Program Harvard Elementary Hamilton Middle School Reagan