HOUSTON, TX—Construction has started on TrammellCrow's 18-story office spec project nearthe Energy Corridor, the last phase of it's Energy Centerproject. The joint venture with Principal RealEstate Investors, is for a class A tower to be namedEnergy Center Five. It will be located on NorthEldridge Parkway, just south of Interstate10, and adjacent to Energy Center Three andFour. Completion is scheduled for 2Q2016.
"Energy Center Five is the fifth and final phase of officedevelopment we will deliver with Principal Real Estate Investors inthe Energy Corridor," said Aaron Thielhorn,managing director with Trammell Crow Company's HoustonBusiness Unit. "We entered the Energy Corridor submarketmore than eight years ago and have experienced the ongoing economicexpansion, employment growth, and exceptional real estatefundamentals that have allowed us to be successful in creatingoffice building assets that have attracted quality companies andemployees."
Energy Center Five, designed by KirkseyArchitects, will be a 524,397 square foot office building,which will feature a curved glass curtain wall facade above atwo story limestone base. The lower threefloors will have expanded 18 foot floor heights in order toaccommodate a variety of planned amenities such as dining,conferencing rooms and a fitness center. A double story groundfloor lobby, wrapping around two sides of the building, willprovide a unique opportunity to display a custom artinstallation.
Similar to the adjacent Energy Center Three and Four buildings,Energy Center Five is pre-certified LEEDGold and boasts a number of energy efficient designelements that are incorporated into the exterior, such as aluminumsunshades, ceramic frit, and high efficiency LED accentlighting.
Given its prime location, Energy Center Five is oriented on thesite to provide excellent visibility from Interstate 10 as well asmaximizing views of downtown Houston along its east facade.Multiple elements such as landscaped pedestrian pathways, watersculptures, bridges, and plazas connect the adjacent buildingscreating a holistic campus, while providing each building its ownunique identity.
"We are pleased to announce the final phase of our project withTrammell Crow Company," said Joe Wanninger, assistant managingdirector with Principal. "Energy Center Five provides tenants witha wide-range of first-class amenities in a great location. TheEnergy Corridor boasts a thriving business environment, making itslocation a competitive advantage for energy services, engineering,and exploration and production companies."
As part of a national, class A office and industrial buildingdevelopment program, Trammell Crow and Principal have developedmore than4.1 million square feet of class A office buildingsthroughout Houston, including the Energy Center buildings.
Construction financing was provided by a syndication ofWells Fargo Bank and U.S. Bank.Balfour Beatty Construction is serving as theproject's general contractor.
Aaron Thielhorn, Brandon Houston, Kevin Schmok,and Tommy Lee with Trammell Crow and JoeWanninger with Principal will lead the development team.Leasing will be handled by Cody Armbrister andSteve Rocher with CBRE's Houstonoffice.