Construction Begins on 47-Story Office Tower in Downtown Houston

TexasTower

08 March 2019 | Houston, United States

Houston-based real estate firm Hines plans to pour the concrete mat foundation for its latest downtown Houston project, Texas Tower, on the former Houston Chronicle site.

Hines is developing the 47-story, 1 million-square-foot (92,903-square-meter) office tower in partnership with Ivanhoé Cambridge, a Canada-based real estate investment company. The design architect is Connecticut-based Pelli Clarke Pelli Architects, which also worked on previous Hines buildings in Houston, Minneapolis, Boston, Chicago and Italy, as well as the new Salesforce Tower in San Francisco. The building will be designed to achieve LEED Platinum and WELL Building certifications. Rhode Island-based Gilbane is the general contractor.

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Texas Tower’s first floor will feature a pavilion, a lobby with double-height ceilings and various food and drink options. The building will also include a coworking space, flexible fitness center, dedicated library, adaptable amenity spaces and multiple tenant gardens on levels 12 and 13. Office spaces will feature 30,000-square-foot (2,787-square-meter) floor plates with 10-foot (3-meter), full-height windows and an underfloor HVAC system, which Hines also included in its new 609 Main at Texas office tower.

As of early February, Texas Tower was 33 percent leased, thanks to anchor tenants Vinson & Elkins and Hines. The law firm signed a 16-year lease for 212,000 square feet (19,695 square meters) over the top seven floors, and Hines will occupy 155,000 square feet (14,400 square meter) across five floors in a 15-year lease. Colvill Office Properties is handling the leasing.

Texas Tower will be situated diagonally on its site, just like the recently announced 46-story residential tower next door. Hines is developing that tower — dubbed The Preston — with investment partners Cresset Partners and Levy Family Partners. Construction is slated to begin in March, preleasing will begin in October 2021, and the project is expected to be complete in the third quarter of 2022.

For more on this story, go to Houston Business Journal