Posted Feb 27, 2014, 2:30 PM
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Join Date: Jan 2009
Location: Chicago, IL —-Austin, TX
Posts: 12,519
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Quote:
Originally Posted by Houston Chronicle
Office Tower adds to Houston's Downtown Boom
A 30-story, $250 million office tower is planned for the east side of downtown, the latest project to be announced in the city center where developers are proposing more than 7 million square feet of new or renovated space to fill what they say is a void in the market.
"Today, with occupancies up dramatically, with the market really clamoring for new technology and the latest in new buildings ... it's a wonderful point in time to develop new product," said John Goff, chairman and CEO of Crescent Real Estate Holdings, which will develop the new tower, one of at least eight office projects proposed or underway downtown.
At 600,000 square feet, the Crescent building, designed by HKS Architects, is expected to break ground this summer and could be ready for tenants by the end of 2016.
Full Article: http://www.houstonchronicle.com/busi...5272687.php#/0
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Last edited by Urbannizer; Feb 27, 2014 at 10:00 PM.
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