The Houston Business Journal has a separate article on this that's not pay-walled. it's also saying Hines' Market Square tower starts rising this quarter.
This is saying it would be the tallest residential building in downtown. That would make it at least 502 feet tall since One Park Place is 501 feet. This also says it'll break ground next month.
Record size residential project set to rise downtown
40-story high-rise to be the giant of rental property near Market Square
By Nancy Sarnoff
July 14, 2014 | Updated: July 15, 2014 9:31am
A developer plans to break ground next month on what will be downtown's tallest residential tower, a project symbolic of this city's healthy economy and downtown's growing emergence as a place to call home.
The Texas-sized tower is set to rise 40 stories and house 463 apartments built to almost-condominium standards, the developers said Monday.
""What’ll really set Market Square Tower apart is its amenity package. (Philip tells us the team debated what worked best for Houston and basically decided to just do it all, or as we call it "the Zsa Zsa Gabor Method.") If being next to Market Square Park and Buffalo Bayou Park isn't enough for residents, it'll have two floors of amenities, including an indoor basketball court, virtual golf simulator, and spa. It'll also have two pool decks, including a rooftop one 500 feet above the street. Terrifyingly, the glass-encased pool will cantilever out beyond the face of the building. At the base will be 22k SF of street-level retail leased by Shelby, Estus & Co’s Tom Estus."
Texas D.E. Harvey Builders has started constructing Market Square Tower at 777 Preston in downtown Houston. The 40-story, 500,000-sq-ft building will contain 463 rental apartments, an indoor basketball court, a virtual golf simulator, a screening room with recliners, a banquet room and two swimming pools. The project owner is the Woodbranch Investment Group. Construction is expected to be completed by January 2017. The project is valued at $147.3 million. D.E. Harvey Builders, Attn: Dustin Kelch, Project Manager, 3630 Westchase, Houston, 77042. DR#14-00507311.
HFF arranges financing for high-rise mixed-use development in downtown Houston
Quote:
Originally Posted by Market Watch
(Thomson Reuters ONE via COMTEX) -- CHARLOTTE, NC - September 3, 2014 - HFF announced today that it has arranged financing for the development of Market Square Tower, a 40-story, mixed-use tower that will include 463 luxury residential units and 21,000 square feet of retail in downtown Houston.
HFF worked exclusively on behalf of the borrower, Woodbranch Investments (Woodbranch), to secure the long-term construction/permanent loan through Pacific Life Insurance Company.
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