{"id":1004160254,"date":"2016-11-28T05:03:14","date_gmt":"2016-11-28T13:03:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004160254"},"modified":"2022-12-06T03:25:42","modified_gmt":"2022-12-06T11:25:42","slug":"thor-tops-out-office-tower-in-houston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/thor-tops-out-office-tower-in-houston\/","title":{"rendered":"Thor Tops Out Office Tower in Houston"},"content":{"rendered":"

By Scott Baltic, Contributing Editor<\/em><\/p>\n

\"Kirby<\/a>

Kirby Collection, Houston, rendering<\/p><\/div>\n

Houston<\/strong>\u2014New York-based Thor Equities has topped off the office component of the Kirby Collection<\/a>, its 1-million-square-foot luxury mixed-use development in Houston\u2019s Upper Kirby District, the developer announced last week. The project, on Kirby Drive, is close to four of Houston\u2019s largest employment hubs including the CBD, the Galleria\/Uptown District, Greenway Plaza and the Texas Medical Center.<\/p>\n

In addition to the 13-story, 210,000-square-foot Class A office building, the MXD includes two levels of retail, restaurant and entertainment space totaling 65,000 square feet. Thor recently leased 33,830 square feet there to Pinstripes, a dining and entertainment venue featuring a variety of activities including bowling and bocce, as well as a bistro serving Italian and American cuisine.<\/p>\n

Kirby Collection also features a 25-story, 385,000-square-foot residential tower with 199 apartments, including seven two-story townhomes, and seven two-story loft spaces with private yards. The residences will overlook a deck with more than an acre of landscaped amenities, including a pool with cabanas, fire pits and a bar area.<\/p>\n

The penthouse level will feature a Skyview Suite available to all residents and office tenants, offering a chef\u2019s kitchen and panoramic views of the Houston skyline.<\/p>\n

The remaining square footage will be indoor parking for the residential, retail and office components, a Thor spokesperson told Commercial Property Executive<\/em>. The whole project is scheduled to be completed in the fourth quarter of next year.<\/p>\n

E.E. Reed Construction is the general contractor for Kirby Collection. Richard Keating Architecture is the design architect, Dianna Wong Architecture + Design is the interior designer, and Houston-based Kirksey is the architect of record. Walter P. Moore is the structural engineer, and Houston-based WYLIE is the MEP engineer.<\/p>\n

\u201cHouston\u2019s office market continues to struggle due to the downturn in the energy industry, leading to negative net absorption and decreased leasing activity,\u201d according to a third-quarter report from Colliers International. The office market had 400,000 square feet of negative absorption in the third quarter, kicking the average city-wide office vacancy up to 17.1 percent.<\/p>\n

Houston\u2019s construction pipeline contains 2.9 million square feet of office space, of which 2.2 million is spec space and about 32.7 percent of that is preleased. (The report noted negligible preleasing at the Kirby Collection office tower.)<\/p>\n

Image courtesy of Thor Equities<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The $125 million luxury mixed-use project also features a 25-story residential tower and 65,000 square feet of retail.<\/p>\n","protected":false},"author":882,"featured_media":1004508282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,1589,21752,21742,21747],"tags":[32884,32776],"class_list":["post-1004160254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-houston","category-mixed-use","category-latest","category-office","tag-kirby-collection","tag-thor-equities"],"acf":[],"yoast_head":"\nThor Tops Out Office Tower in Houston - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/thor-tops-out-office-tower-in-houston\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thor Tops Out Office Tower in Houston\" \/>\n<meta property=\"og:description\" content=\"The $125 million luxury mixed-use project also features a 25-story residential tower and 65,000 square feet of retail.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/thor-tops-out-office-tower-in-houston\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-28T13:03:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T11:25:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Kirby-Collection-Houston.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2239\" \/>\n\t<meta property=\"og:image:height\" content=\"1250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/thor-tops-out-office-tower-in-houston\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/thor-tops-out-office-tower-in-houston\/\",\"name\":\"Thor Tops Out Office Tower in Houston - 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