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    Energy Corridor is hot

    Wildcatting's back in real estate: Office buildings suddenly being built on specagain

    Ralph Bivins
    Jun 6, 2012 | 1:09 pm

    Houston’s wildcatter mentality is emerging again. After years of a conservative dry spell, “spec” office buildings are under construction in H-Town.

    Spec (short for speculative) buildings are familiar to Houstonians who remember the boom of the 1980s. In recent years, most developers and the lenders who backed them, would break ground on a new project only when a tenant was signed, or at least close at hand.

    But demand for office space is high in Houston right now. Some developers are starting new buildings without a tenant in sight.

    Office vacancy rates are exceptionally low in the Energy Corridor, which has less than 10 percent overall vacancy.

    Skanska is putting up a 19-story “spec” office project on Loop 610 frontage at Hidalgo, near the Waterwall. Granite Properties will break ground this summer on a 300,000-square-foot spec office building at 3141 Briarpark in Houston’s Westchase District. And Core Real Estate recently announced plans for a four-story building at 3505 W. Sam Houston Parkway North.

    Another addition to the spec office parade was announced Monday by Myers Crow & Saviers, Ltd., which will begin construction on the 135,000-square-foot Mason Creek Office Center near Interstate 10 west of Houston in the red-hot Energy Corridor office market.

    “Large companies seeking cost-efficient, Class A space are moving westward along I-10 to find it and to be closer to where their employees live. The strength of this market is demonstrated by the fact that Mason Creek Office Center is a speculative development,” says Mark Saviers, principal at Myers Crow & Saviers.

    “Construction is proceeding without the requirement of tenant pre-leasing.”

    The office market is exceptionally strong in West Houston, along Interstate 10. The area is known as the Energy Corridor because scores of energy related companies and engineering firms involved in drilling are located there.

    Office vacancy rates are exceptionally low in the Energy Corridor, which has less than 10 percent overall vacancy, according to the CBRE real estate firm. By comparison, three years ago, Energy Corridor office vacancy was around 16 percent. For the prime “Class A” buildings in the Energy Corridor the vacancy rates is less than five percent. This means vacant office space can be very hard to find.

    Dozens of proposed new office projects are on the drawing boards in West Houston. But for now, most of the developers are waiting for a signed tenant before starting construction.

    Houston is a long way from the early 1980s when scads of major towers were being built on a spec basis while the spigot was wide open on construction lending. But seeing the specs underway in 2012 indicates that the Houston office market has some true momentum or at least some strong pockets of power.

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    news/real-estate
    series/real-estate-2012

    HAUTE PROPERTIES

    675-acre Hill Country ranch where George Strait rehearsed lists for $19.5M

    Jef Rouner
    Feb 25, 2026 | 9:15 am
    George Strait
    Photo by Michelle Watson CultureMapSnap
    George Strait developed his early sound at Lone Woman Ranch.

    Lone Woman Ranch, the Hill Country estate where country stars like George Strait, George Jones, and Ace in the Hole Band rehearsed, is up for sale for $19.5 million.

    Located 65 miles from San Antonio in Hays County on 675 acres, the secluded ranch once served as an artistic getaway for emerging Texas artists. The property, listed by Olmos Park firm Republic Ranches. is named after the nearby Lone Woman Mountain, and its elevation gives an incredible view of the county. On a clear day, you can see downtown Austin.

    The land comes with two residences, both built near the entrance gate. The primary stone house has original hardwood floors, a recently remodeled kitchen and bathrooms, as well as a new HVAC system. The secondary residence was used as a rehearsal space. Both have had long-term residents who made improvements, and both have their own septic systems, wells, and electric meters.

    The real appeal of Lone Woman Ranch, however, is the extensive woods, creeks, and natural setting. It is next to 6,000 acres of conservation land, including Storm Ranch. The entire mountain is also included in the property, making it a veritable mini-kingdom for the owner with unobstructed privacy on three sides.

    Two ponds are on the site — a 4-acre and a 1-acre — both fully stocked. Runoff from the larger pond creates picturesque seasonal limestone waterfalls.The surrounding woods are full of wildlife, including white-tailed deer, turkeys, doves, and more. The property is under wildlife exemption.

    It's little wonder the ranch was a muse to so many country musicians. A network of ranch roads provides access throughout the property, including most of the way up Lone Woman, giving views around every corner. Only Strait can tell you whether his 1996 hit "King of the Mountain" was inspired by the ranch.

    George Strait
    Photo by Michelle Watson CultureMapSnap

    George Strait developed his early sound at Lone Woman Ranch.

    rancheshill countryhays countycelebritiesgeorge straitgeorge joneslistings
    news/real-estate
    series/real-estate-2012

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