[Urbannizer]

http://www.bizjournals.com/houston/n...-downtown.html

Originally Posted by HBJ

Dallas developer to close on iconic downtown Houston tower, place it on historic register

A Dallas-based developer plans to close on an iconic downtown Houston tower by the end of August, paving the way for a historic renovation project.

Todd Interests is set to purchase the Great Southwest Building, formerly known as the Petroleum Club, by Aug. 28 for an undisclosed price. The 21-story office tower, built in 1926, is located on Texas Avenue, between Austin and Capitol streets, along the eastern half of city Block 72 near Minute Maid Park.

Once the deal closes, the Great Southwest Building won’t be demolished like so many others in downtown Houston. Instead, the historic building will be gutted and renovated into a high-end multifamily project consisting of 150 apartment units, nine townhomes and a parking garage.