BREAKING NEWS

RNR Real Estate Briefs – HOU, AUS, DAL & more

East River Adding Art to the Mix

Major Warehouse Lease Signed

Unilev Taps Stream Realty

58 Cities Drop Off Million-Dollar Home List

RNR Real Estate Briefs – HOU, AUS, DAL & more

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Downtown’s Facelifts Surging: Dozens of Buildings Getting Upgrades in Houston

by Realty News ReportOctober 9, 2019
Share0
Clouds over the Houston skyline in September 2019. Copyright photo (2019) by Ralph Bivins of Realty News Report.

HOUSTON – (Realty News Report) – The skyline towers of downtown Houston are undergoing a major facelift with more than a dozen major redos, along with a number of other fix-ups and the transformations of other buildings.

“In fact, Downtown is experiencing a wide array of renovations and upgrades to its office skyline. There will be 12.6 million square feet of office space under renovation taking place throughout 13 buildings, including Heritage Plaza, Allen and Houston Centers and an additional 6.1 million square feet has been renovated since 2015, close to half of the total Downtown net rentable office space,” according to the third quarter Downtown Houston Market Update.

The renovation surge is viewed as a “must” by some office market professionals. Houston’s downtown has a large number of 40-year-old towers. In order for those buildings to stay competitive as new towers are built, the older stock of office space must have significant renovations.

Some of the redevelopment efforts in downtown have involved exterior upgrades, such as the 811 Louisiana tower, which was formerly the Two Shell Plaza. Originally built by Hines in 1970, the exterior of the lower four floors of the tower were re-clad in a dark granite and the address of the building was changed from Walker Street to Louisiana Street.

Other redevelopments are concentrated on interiors and improving tenant amenities, such as food offerings. At the 1415 Louisiana building, the Strato 550 restaurant was recently opened on the forty-third floor.

Fitness centers and facilities for bicycle riders are also being built in downtown building as part of the redo craze.

The downtown report, published by Central Houston Inc. and Houston Downtown Management District, said: “2020 will be an exceptionally robust year for construction and development throughout Downtown’s office sector.”

Brookfield Properties, which owns Allen Center, Houston Center and other downtown properties, is undertaking massive renovation programs.

Brookfield is launching a major redo of the 53-story Heritage Plaza, a 1.1 million SF tower at 1111 Bagby. Kirksey Architecture is designing the renovations which will include exterior and lobby upgrades. The work will be complete in January 2021. The exterior will receive a “reconceptualizing of the arrival experience with new exterior glass curtain wall at the corner of Dallas and Brazos Streets. The plaza will feature refreshed landscaping including new pavers and integrated seating.”

Downtown Houston has 30.9 million SF of Class A office space and it has a 16.4 percent vacancy rate, according to CBRE.

Skanska recently completed a 35-story tower and Hines is constructing the 46-story Texas Tower on  Texas Avenue. The new buildings, fully equipped and glowing with new amenities and contemporary features, are attractive to tenants in a strong trend called “the flight to quality.”

Other buildings have been transformed into hotels and apartments.

Oct. 9, 2019 Realty News Report Copyright 2019

Read The New Book by Ralph Bivins, Editor of Realty News Report 

 Houston 2020: America’s Boom Town – An Extreme Close Up

Available on Amazon  http://tiny.cc/4a2g6y
Share0
previous post
People in Texas Real Estate
next post
Grand Opening: New Robotics Facility at Texas Medical Center

Related posts

RNR Real Estate Briefs – HOU, AUS, DAL & more

Realty News ReportMarch 25, 2023

East River Adding Art to the Mix

Realty News ReportMarch 23, 2023

Major Warehouse Lease Signed

Realty News ReportMarch 22, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact