Posted Feb 23, 2024, 9:44 PM
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FYHA
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Join Date: Oct 2007
Location: Houston - Wichita, KS
Posts: 3,218
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https://www.bizjournals.com/houston/...-chemical.html
Quote:
Midway breaks ground on sixth CityCentre office tower, announces anchor tenant
By Jeff Jeffrey – Senior reporter, Houston Business Journal
Feb 23, 2024
Houston-based Midway has broken ground on what will be the latest addition to its booming CityCentre mixed-use development in west Houston.
As the Houston Business Journal first reported in November, the new CityCentre Six office building will be at 903 Town and Country Blvd.
When it is completed in 2026, the new building will include 308,000 square feet of office space, which will sit atop a nine-level podium parking structure. The building’s ground floor also will include about 12,000 square feet of retail and dining space.
Midway also confirmed Feb. 23 that the previously unnamed anchor tenant for the building will be Dow Chemical, which leased 65% of the building for its Houston Dow Center. The Dow Chemical Co. is a wholly owned subsidiary of Michigan-based Dow Inc. (NYSE: DOW), which has a major presence in the Houston area.
Earlier this week, NAIOP Houston honored Ronnie Deyo, Beau Bellow and Lonna Jenks of JLL with its Office Deal of the Year award for negotiating the lease on behalf of Dow Chemical.
As NAIOP Houston noted, Dow Chemical was seeking new Class A space in west Houston, but space in the area was limited. The JLL team ultimately was able to secure the necessary funding that allowed them to commence a 203,420-square-foot build-to-suit on the last available site in CityCentre.
"We are excited to officially break ground on CityCentre Six, a project that will elevate the standard for Class A office space in Houston and enhance the pedestrian-friendly master plan of the district,” Chris Seckinger, vice president of investment and development at Midway, said in a Feb. 23 statement. “Dow's commitment as the anchor tenant has been a driving force behind the project's strong momentum and underscores the strong leasing demand for CityCentre office space, which remains 100 percent leased. Their presence not only confirms the tower's status as a premier business destination but also reflects the confidence leading enterprises have in our vision for the district.”
CityCentre Six and the adjacent Marathon Oil Corp. building were master-planned around a new half-acre urban plaza, which Midway said will serve as an upscale entrance to the original CityCentre development.
Designed by Houston-based OJB Landscape Architecture and curated by Midway's Urban Park brand, the space will feature natural elements incorporated throughout and built-in assembly seating overlooking the area.
CityCentre Six’s retail fronts and patios will overlook the plaza, Midway said. The building will have 27,500-square-foot floor plates and two green rooftop terraces, according to a leasing brochure on Midway’s website.
Additional members of the project team for CityCentre Six include Kirksey, which will serve as architect of record, and Munoz + Albin Architecture and Planning as the design architect. Both firms are based in Houston.
Records filed with the Texas Department of Licensing and Regulation said the project is expected to cost $87.5 million. Information in TDLR filings is often preliminary and subject to change.
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