1. ENERGY MEDICAL CORRIDOR BUSINESS DEVELOPMENT UPDATEENERGY MEDICAL CORRIDOR BUSINESS DEVELOPMENT UPDATEENERGY MEDICAL CORRIDOR BUSINESS DEVELOPMENT UPDATEENERGY MEDICAL CORRIDOR BUSINESS DEVELOPMENT UPDATE
08.31.201508.31.201508.31.201508.31.2015
FOR INFORMATION PURPOSES ONLY
Prepared By:
Edward Cook, CGMA
Chartered Global Management Accountants & Consultants
edward.cook@ec2online.com
832.244.4550
1001 S. Dairy Ashford, Suite 100
Houston, TX 77077
2. Table of Contents
Page 1
9.3.1 Energy Medical Corridor.........................................................................................................1
9.3.1.1 SKANSKA West Memorial Place............................................................................14
9.3.1.2 Republic Square......................................................................................................19
9.3.1.3 Westlake..................................................................................................................24
9.3.1.4 Conoco.....................................................................................................................33
9.3.1.5 Shell.........................................................................................................................37
9.3.1.5.1 Woodbranch Plaza Jacobs Engineering ....................................................38
9.3.1.6 Grisby Square..........................................................................................................39
9.3.1.7 Eldridge Place..........................................................................................................42
9.3.1.7.1 Eldridge Oaks .............................................................................................45
9.3.1.9 Central Park.............................................................................................................46
9.3.1.10 Park Ten ................................................................................................................50
9.3.1.11 Ten Oaks ...............................................................................................................52
9.3.1.12 Mac Haik Gateway to the Energy Corridor............................................................54
9.3.1.13 Texas Medical Center West Campus ...................................................................55
9.3.1.15 Memorial Drive Upgrades .....................................................................................58
9.3.1.16 Terry Hershey Park................................................................................................58
9.3.3 City Centre............................................................................................................................58
9.3.4 Memorial City .......................................................................................................................59
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9.3.1 Energy Medical Corridor
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CIP Memorial Drive Reconstruction
The City of Houston has started a large Capital Improvement Plan (CIP) project to
rebuild Memorial Drive from Kirkwood to Eldridge. This is a mobility project that when
finished, will solve many of the traffic problems we now experience.
Six bids on Memorial
Low bid: $32,720,726
High bid: $38,878,875
Remaining 4 bids: $37-38 million
Low bid was $5 million below second.
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Three bids for Kirkwood-Dairy Ashford panel replacement.
Low bid: $841,168
Current Project Status/Remarks:
Bid Set: http://bidsets.publicworks.houstontx.gov/documents/plansets/
project_manual_n_000798_0001_4.pdf
Other Info for Bid: http://bidsets.publicworks.houstontx.gov/index.php/bid-sets/
view_category?layout=columns
Advertisement Date: May 7
Advertisement Information:
Project Name: Memorial Drive Paving And Drainage Improvements
WBS Number: N-000798-0001-4; CSJ No. 0912-70-082
Bid Date: May 7, 2015
Project Location: Bound by IH-10 on the North, Briarforest on the South, North Kirkwood
on the East and North Eldridge Parkway on the West for the section from Memorial Drive
from Kirkwood Road to North Eldridge Parkway
Project Manager: Michelle Randon, P.E. Phone Number 832-395-2238
Estimated Construction Cost: $27,728,075.00
Prebid Meeting: Tuesday, April 28, 2015, at 10:00am, 14th Floor, ConferenceRoom No.
1453, 611 Walker Street, Houston, Texas 77002
Construction Start Estimate: Fall 2015
Supporting Project Data:
Overhead Drawings showing revised median openings - received 5/7/2014
These are large PDF files, Google will not render them with full detail. Once the file is on
your screen in Google docs, download and save them (hit the down arrow on the top left of
the screen), then open them in Adobe on your computer for full resolution.
Western Section
Center Section
Eastern Section
Preliminary Engineering & Design - Contract document for Memorial CIP preliminary
engineering
Tech Review Committee presentation on the Eldridge/Memorial Intersection redesign. This
is an example of the process PWE uses to determine the design solution. Warning - this is
a very large file.
Tech Review Presentation 2/21/12 - Warning 22M
Access Management Study - Dated April 2013 (now obsolete)
Summary
Appendices A-D
Appendix E, overhead views (opens another page)
Access Management Study - Dated October 22 2013
These are very large PDF files, Google will not render them with full detail. Once the file
is on your screen in Google docs, download and save them (hit the down arrow on the top
left of the screen), then open them in Adobe on your computer for full resolution.
Western Section
Center Section
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Eastern Section
PWE Access Management Comment Form - Please send to PWE by Nov 22.
The community is working on decorative lighting and planting the green spaces to make
this project more attractive.
Lighting Project:
Street Lighting Plans Layout Sheet 1 Sheet 2 Sheet 3
Beautification Project:
Project Flyer
Adopt An Esplanade - For more info see Green Houston programs
Background and Historical Documents
Super Neighborhood Infrastructure Committee Recommendations
The SN recommendations were collected by the Infrastructure Committee over a period
of several months and those recommendations were sent as a letter to Council Member
Pennington on August 12, 2010.
The Energy Corridor Management District sent their recommendations in August 2010.
SBISD sent their recommendations in September 2010.
SN letter of support for Memorial Drive CIP outlining the anticipated growth in the area
(9/27/2012)
COH letter acknowledging the SN letter of support (10/5/2012)
Mayor Parker's response (10/9/2012)
Infrastructure Committee Generated:
Rob Benz's Memorial Project Overview (presented to SN Meeting on Nov 28, 2011)
Rob's pictures of the Memorial Project (pictures taken at the Nov 30, 2011 public meeting)
9.3.1.1 SKANSKA West Memorial Place
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Skanska moves forward on second controversial Energy Corridor tower
Jan 21, 2015, 5:11pm CST Updated Jan 22, 2015, 10:00am CST
INDUSTRIES & TAGS Commercial Real Estate, Construction
· Roxanna AsgarianReporterHouston Business Journal
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The second tower of the West Memorial Place complex is slated to be complete in the
Skanska has received a building permit for a second Energy Corridor office high-rise.
The core and shell construction and parking garage will cost $110 million.
West Memorial Place II will have 380,000 square feet of spec office space and will have
a similar layout as the first building in the complex, the existing West Memorial Place.
The complex sits on the 12-acre site where Arco's former building was located, as well
as Lake Thicket, a two-acre pond that was home to a multitude of ducks and other
wildlife. Neither the former Arco building Arco was acquired by London-based BP
PLC (NYSE: BP) in 2000 nor Lake Thicket remain on the site.
"Then again, we're talking about commercial real estate. From that perspective, it's going
to be very nice-looking," Navissi said. "Of course tall trees have a different look. But at
the end of the day, from the commerce side of it, it's going to be extremely positive."
The first building on the site, West Memorial Place, is 12 stories and 58 percent
leased. Petroleum Geo-Services, whose U.S. operation is Houston-based, is the largest
tenant, occupying 125,000 square feet. West Memorial Place II, which will be 14 stories
and has not yet begun leasing, is expected to be complete in the spring of 2016.
Skanska USA Building is the general contractor on the project and Saint Louis-
based HOK is the architect.
Both buildings are hoping to be LEED Platinum certified. Skanska said they will be the first
spec office buildings of that distinction in the Energy Corridor.
Gregory Mondshine, a leasing director at Skanska, said they've made landscaping a
priority, and are putting in more trees than they've taken out.
"It's a unique campus setting right there on Memorial with direct access to the park,"
Mondshine said. "That connection to nature is one of our biggest selling points."
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With West Memorial Place, Skanska is introducing a next generation building for a future-
focused city. Progressive, LEED-Gold designed and lifestyle-focused, West Memorial
Place is a stylish, efficient office setting that supports business success and where
employees can thrive.
Contact Us
For Leasing Information
Greg Mondshine
Skanska
Director - Leasing
713.401.5265
greg.mondshine@skanska.com
Tyler Garrett
Skanska
Manager - Leasing
713.401.5232
tyler.garrett@skanska.com
Katie Tahbaz
Skanska
Associate - Leasing
713.401.5260
katie.tahbaz@skanska.com
Overall Development Project Facts
Project Description
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Energy-efficient glass and stone exterior
Minimal columns
Location
In the center of Houston’s Energy Corridor
Unique campus setting adjacent to Terry Hershey Park Hike & Bike Trails
Access
Removed from the direct congestion of I-10 yet with excellent access to I-10, Highway 6,
Eldridge Parkway, Beltway 8 and the Grand Parkway
Three access points off Memorial Drive
Amenities
Adjacent to Terry Hershey Park Hike & Bike Trails
24/7 Security
Card key access system
On-site property management
Parking
4/1,000 Ratio
Enclosed, conditioned walkways to buildings
Sustainability
Designed to be LEED Platinum Certified and to consume 30% less energy than typical
baseline buildings
Sustainable features including a demand control ventilation system and energy recovery
wheel provide energy efficiency and tenant convenience
Daylight harvesting and motion detection systems in the garages
Electrical
6.9 watts PSF of power
Dual power feeds from two separate substations
Underground utilities provide security and beautify area
Backup generator location available for tenant use
Developer
Skanska USA Commercial Development
Architect
HOK, Houston
Building I Project Facts
Address
15375 Memorial Drive
Houston, Texas, 77079
Building Size
12-story, 331,000 SF Class A office building
Nine-level parking garage with 1,326 parking spaces
Project Description
Floor 2: 23,088 rentable square feet
Floors 3-6: 29,301 rentable square feet
Floors 7-12: 28,655 rentable square feet
Energy-efficient glass and stone exterior
8-10 column-free corner offices per floor
Building Amenities
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Fitness Center
Showers and lockers
On-site café
Parking
Nine levels of garage parking
Three garage elevators with air conditioned vestibules
Building II Project Facts
Address
15377 Memorial Drive
Houston, Texas, 77079
Building Size
14-story, 385,000 SF Class A office building
Eight-level parking garage with 1,319 parking spaces
Project Description
Floors 2-14: 28,571 rentable square feet
Up to eight column-free corner offices per floor
Building Amenities
Fitness Center
Showers and lockers
On-site café
Parking
Eight levels of garage parking
Three garage elevators with air conditioned vestibules
9.3.1.2 Republic Square
Republic Square at old ExxonMobil Chemical Site
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Developer plans urban-style enclave in Energy Corridor
By Nancy Sarnoff
May 28, 2015 Updated: May 28, 2015 12:15am
•
A Houston developer wants to bring a bit of urban sensibility to the Energy Corridor, a
section of west Houston known for its suburban office campuses, chain-filled strip malls
and outsized apartment buildings.
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The developer, PM Realty Group, is committing $1 billion to building a bustling mixed-
use community of upscale apartments, outdoor restaurants, hotels and high-rise office
towers housing companies seeking to recruit a younger generation of workers who value
the outdoors, collaboration with colleagues and an abundance of amenities.
The company says the new development, which it has christened Republic Square, will
give the area a "soul."
"We saw an opportunity to create a heart for the Energy Corridor," said Dan Leverett,
executive vice president and managing director of development, said this week during a
presentation outlining the project at the company's downtown offices.
The developer, along with a team of national consultants, designers and planners - some
of whom helped develop the commercial district of The Woodlands - has spent the last
16 months creating a master plan for the 35-acre site along Interstate 10 that formerly
housed the chemical operations of Exxon Mobil Corp.
REAL ESTATE
•
Construction is scheduled to begin next year, and the first office building could break
ground before the company finds a tenant to occupy it.
Yet the timing is complicated by the ongoing slump in crude oil prices, which is slowing
demand for space in the area dominated by energy companies. As a result, there's a
growing amount of empty office space in west Houston.
At the end of March, the amount of available office space in the Katy Freeway market
area reached 26 percent, up from 14 percent the same time last year, according to
commercial real estate firm Savills Studley, which specializes in representing tenants.
"There are not as many deals as there were a couple years ago," said Mark O'Donnell,
executive vice president of the company's Houston office. By and large, those deals
involve companies that are moving because their leases are expiring, not because
they're growing, he said.
O'Donnell noted four new office buildings looking for tenants within a "stone's throw" of the
PM Realty site.
"It's just a lot of space out there," he said.
Leverett said Republic Square is a long-term project that will be developed over perhaps
10 years.
The property, formerly home to ExxonMobil Chemical Co., is between Interstate 10 and
Memorial Drive, bordering Terry Hershey Park, a 500-acre public park that winds through
the Energy Corridor.
Walkable environment
PM Realty, which plans to tie its development into the park, aims to create a walkable
environment. The layout arranges buildings around a series of open, public spaces and a
system of pathways and tree-lined streets that connect the development to the surrounding
area. A central public square will be lined with restaurants and greenspace, and an
existing lake will be incorporated into the project.
The project will stand in contrast to other developments in the Energy Corridor.
As it is now, the area comprises a series of large, "isolated tracts that don't interact,"
said Alan Ward with Sasaki Associates. The Massachusetts-based firm, which is also
one of the firms designing a master plan for the Energy Corridor's management district,
has been hired as the landscape designer for Republic Square. Other consultants on the
project include national firms Elkus Manfredi Architects and Pickard Chilton.
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The buildings there will be laid out in such a way that encourages walking, Ward said.
"What really matters is the fabric that ties them together," he said. "That I feel is what we're
going to do much differently than what exists today."
The developer is taking an urban approach to the site by combining as many as 800
residential units with five office buildings totaling 2.6 million square feet, two full-service
hotels with connected conference space and 100,000 square feet of retail space
including a fitness facility. The scale of the buildings will be in the 14- to 16-story range,
though some could be shorter or taller.
The design and amenities incorporated into Regent Square will be a draw to companies
seeking a dynamic office environment, said development consultant Tom D'Alesandro, one
time president and CEO of The Woodlands Development Co. and now president of
Blakefield LLC.
Office workers, particularly millennials, place a higher premium on workplace
environments, he said.
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PM Realty said "the capital is currently in place to develop the entire project," but it
would not reveal specifics.
New type of street grid
The first phase, to include an office building, parking garage, hotel and conference
center, fitness facility and additional retail, as well as the public square, is scheduled for
completion by early 2018, the company said.
The site will have a new street grid system that the developer said will help alleviate
congestion despite the higher density of the project.
Exxon Mobil had about 700 employees who worked on the property previously, said
Clark Martinson, general manager of the Energy Corridor District. In the new complex, he
said, "We'll probably have 1,000 people living on site and a couple thousand people
working on the site and hundreds of people visiting daily."
Massive mixed-use underway on former Exxon Chemical site
May 28, 2015, 12:00am CDT UPDATED: May 28, 2015, 7:49am CDT
Republic Square will include up to five office buildings with 2.6 million square feet of
space, two full-service hotels, and 800 apartment units.
Roxanna Asgarian Reporter- Houston Business Journal
Although speculative construction has all but halted since the slide in oil prices, one big-
time development is betting big on the Energy Corridor.
Republic Square, a mixed-use complex on 35 acres off Interstate 10 that was formerly
the site of Exxon Mobil Corp.'s (NYSE: XOM) chemical operations, will be breaking
ground early next year, according to PMRG, which is developing and leasing the project.
Coming with a $1 billion price tag over 10 years, the final development will include up to
five office buildings with 2.6 million square feet of space, two full-service hotels, and 800
apartment units. There will also be 100,000 square feet of retail, including a 35,000-
square-foot high-end gym, a beer garden and restaurants. An existing conference center
formerly used by Exxon will be kept and revamped.
The first phase of the development, which will include at least one office building fronting
Interstate 10, a parking garage, a hotel and the "central square" with retail and open-air
event space, will break ground in early 2016 and will begin to deliver in 2017.
Boston-based Elkus Manfredi is the architect of the development. Houston-
based Kirksey is the architect of record and Connecticut-based Pickard Chilton has been
tapped to design potential build-to-suit office space. Tom D'Alesandro of Blakefield LLC,
who is the former CEO of the Woodlands Development Co., is consulting on the project.
Boston-based Sasaki Associates is the landscape architect, and Austin-based TBG
Partners is the landscape architect of record. Bury Inc., also based in Austin, is the civil
engineer.
The site has 1,000 feet of frontage on I-10 and 800 feet of frontage on Memorial Drive, and
borders Terry Hershey Park a 500-acre public park that connects neighborhoods and
businesses with 11 miles of wooded green space.
A priority for the space, the developers said, is increased walkability and a sense of
urban closeness that is lacking in the Energy Corridor.
"Typically, people who work in the Energy Corridor drive there to work in the morning,
drive to lunch, drive home," said Wade Bowlin, executive vice president at PMRG. "We
want to change the dynamics, not only in this development but in the Energy Corridor
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itself, to be more walkable, bikeable, more people using the shuttles lots of things that
don't exist right now."
9.3.1.3 Westlake
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Amid job cuts, BP looks to sublease space at its Westlake campus
Feb 12, 2015, 12:10pm CST
BP is seeking to sublease some of the office space on its Westlake campus in the
Energy Corridor.
Jordan Blum Reporter- Houston Business Journal
As the energy supermajor cuts thousands of jobs globally, U.K.-based BP PLC (NYSE: BP)
is looking to sublease office space in two of the buildings that make up its U.S.
headquarters.
BP is offering office space of about 240,000-square feet in two of the Westlake campus
buildings that it leases, but does not own. The Westlake campus is in Houston's energy
corridor.
The office spaces being made available are the Westlake Two and Westlake Three
buildings, BP spokesman Brett Clanton confirmed. The space represents about 11 percent
of BP's total office space on the campus. The buildings already have some other tenants.
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Westlake Park (Houston)
Westlake Park
Westlake Park is a 58-acre (23 ha) office complex located in the Energy Corridor,
Houston, Texas, United States. The complex, located east of Texas State Highway 6
between Interstate 10 and Memorial Drive, consists of One Westlake Park, Two
Westlake Park, and Three Westlake Park. Hines was the developer of the complex, and
Skidmore, Owings and Merrill was the architect of the complex. The complex, with a net
rentable area of 401,000 square feet (37,300 m2) and 3,635 square feet (337.7 m2) of
retail space, has BP, KBC Advanced Technologies, Mariner Energy, and Oxy Permian
as major tenants.1
One Westlake Park consists of a 28 story building and a 5 story building, with a total of
949,968 square feet (88,254.9 m2). The complex contains the BP Americas
headquarters.1
The 17 story Two Westlake Park, which contains 381,327 square feet (35,426.4 m2) of
space, was completed in 1982. The building, which contains Class A office space.1 The
building includes the 55,000 square feet (5,100 m2) WestLake Club, an athletic and
social club, is located on a 5 acres (2.0 ha) plot of land.1 The tower is just over 97
percent occupied. Tenants include Conoco-Phillips, BP and Merrill Lynch.2 Younan
Properties bought the building on September 26, 2007 from Wind Realty Partners of
Chicago.2 Zaya Younan, chairman and chief executive officer of Younan Properties, said
that he wanted to be the largest office landlord in the Bayou City.2 The purchase of the
Two Westlake Park gave the firm a total of 1,700,000 square feet (160,000 m2) of Class
A office space in Houston.2
The 20 story Three Westlake Park, which contains 428,000 square feet (39,800 m2) of
space, was completed in 1983. A 1,247 car parking garage is located next door to
Three Westlake Park.1 In 2002 an affiliate of General Electric Pension Trust gained an
80% interest in the property for about $47 million. At the end of September 2006 Three
Westlake Park was almost 100% occupied. Its tenants included Amoco Production Co.,
Conoco-Phillips and Exxon Mobil. On December 11, 2006 a joint venture of the GE affiliate
and Crescent Real Estate Equities Co. sold the building to Falcon Real Estate. Crescent
expected to acquire about $17 million in net income.3
Four Westlake Park, which was a park of the complex, has 561,065 square feet
(52,124.6 m2). In 2006 an affiliate of GE Pension Trust and Crescent Real Estate
Equities Co. sold the building to Falcon Real Estate. As of June 30, 2006, BP occupied
more than 90 percent of the building.4
The WestLake Child Development Center is the on-site daycare.5
Westlake Three
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Westlake Four
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