HOUSTON – (Realty News Report) – A multi-million-dollar renovation is underway at the 49-story 1001 Fannin building in downtown Houston.
The 1.3 million square-foot Class A office building is located about three blocks from Discovery Green park.
The tower’s modernization project includes a new 8,000-square-foot fitness center adjacent to an all new tunnel-level tenant lounge fully equipped with a variety of entertainment features, along with seating and gaming areas. Hotel-style enhancements to the building’s main lobbies have been completed and include new escalators, artistic lighting, and a new coffee bar with open seating areas offering a matrix of collaboration opportunities for tenants and their guests.
In addition, a full renovation of the building’s North and South exterior plazas is slated to begin this month. The new improvements will provide collaborative lounging areas to further elevate the tenant experience both inside and outside of the building.
Expected completion date for all building renovations is mid-2020 with the addition of a building conference center anticipated for delivery in 2021.
“We have been involved with 1001 Fannin since it was originally built, and we are excited about the building’s future success,” stated Patrick Meara, president of UIDC Management, LLC, which Is the general partner of the tower’s ownership group. “The building’s location neighboring Discovery Green, Greenstreet, several new multi-family projects in the area and the Four Seasons hotel has always made it a very compelling option for the Central Business District’s top office tenants, and we are confident that our renovations will truly capture the future of the workplace.”
Located on a block bounded by Fannin, McKinney, San Jacinto and Lamar streets, the 1001 Fannin building is within walking distance of the Toyota Center; Minute Maid Park; the Four Seasons Hotel; the George R. Brown Convention Center; and many retail and restaurant amenities such as Pappas Steakhouse, III Forks, Morton’s The Steakhouse, and Leaf & Grain.
“We are excited that building ownership has moved forward with these renovations at 1001 Fannin. The building has been and will continue to be a solid option for tenants looking for elevated office space in downtown Houston,” says Chip Colvill, CEO and president of Colvill Office Properties.
1001 Fannin currently has spaces available from 2,000 square feet up to three full floors with an additional 390,000 square feet of contiguous space coming available in early 2022. Brad Beasley and Cameron Colvill of Colvill Office Properties lead the leasing effort on behalf of the owner, FC Tower Property Partners, LP. CBRE professionally manages the building.
Houston-based Colvill Office Properties specializes in landlord representation of office buildings and currently directs leasing and marketing of 17 million square feet of Class A office space in Houston, Texas. The Colvill firm currently leases 32 percent of the CBD office space in the city.
Jan. 9, 2020 Realty News Report Copyright 2020
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