Tower of the Future Begins Construction in Downtown houston
Famous global developer and ownership group Hines (along with Ivanhoe Cambridge) has broken ground on it’s “Next-Generation” Office building planned for delivery in 2021 in Downtown Houston. The planned 1M S.F. Offices and amenities span the 800 block of Texas avenue and this new skyscraper is being touted as the most “technologically innovative” building ever built in Houston….
The massive 47-story mixed-use tower will combine next-level amenities like multiple restaurants and parking for over 1,500 vehicles with new, green approaches to construction. A planned twelfth floor public garden, fitness center and LEED certified development set this new office tower apart from it’s competition.
Built on the former site of the Houston Chronicle, this new tower faces stiff competition from the almost completed Capitol Tower, built by Skanska. The 35-story, 750K S.F. asset is expected to be mostly leased upon delivery in 2019.
Hines and Ivanhoe’s new building will be built with a rare mix of technology, environmentally conscious construction and civic thoughtfulness that is increasingly valuable to Tenants of commercial office space. Architects Pelli Clarke Pelli, are excited to help frame the skyline of the future in Houston, designed from the inside out.
Colvill Office has been tapped to lease the new asset, already inking massive deals with Houston legal stalwarts Vinson and Elkins for 212K S.F. at the top seven floors of the project. Hines themselves will occupy over 150,000 S.F. initially as well, relocating their global headquarters to the asset.
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Overall, it’s an excellent time to be a business searching for office space in Houston.
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