Houston’s Latest Construction Projects

HOUSTON (Bisnow Houston) – January 4th, 2018 – From skyscrapers to water parks and everything in between, development is alive and well across Houston. Here are the latest projects under construction Houstonians are most excited about.

Capitol Tower

Skanska kicked off its 754K SF Downtown 35 story tower amid millions of square feet of office vacancy in Houston’s central business district with new tenant Bank of America that is leaving its namesake current Location after 35 years. Skanska expects to deliver the tower in Q2 2019.

Caydon Midtown

Australia-based developer Caydon Property Group is building Midtown’s first high-rise in decades. The Midtown will eventually rise 29 stories over Houston’s hottest millennial neighborhood, offering 342K SF of residential space across 357 apartment units. Prospective residents can expect to move in in early 2019.

Texas Medical Center McNair Campus

The future of the Texas Medical Center is tied to The Baylor College of Medicine and CHI St. Luke’s Health’s $1.1B McNair campus. While JE Dunn is building out the interior of Tower 1, Tellepsen Hunt, a joint venture between Tellepsen and Hunt Construction Group, has started construction on the second tower. Once completed, the McNair campus will occupy 1.2M SF with 650 hospital beds across two towers. Completion of the entire McNair campus is slated for 2019.

Latitude Med Center

The Texas Medical Center’s latest tower has officially topped out. Once complete late this year, the 22-story InterContinental Houston Medical Center will feature 353 guest rooms with 8K SF of meeting space alongside Greystar’s apartment development named Latitude Med Center. The project is the first full-service luxury hotel in the Texas Medical Center in decades.

Valley Ranch

On the doorstep of the 1,400-acre master planned community Valley Ranch sits Valley Ranch Town Center, a sprawling 240-acre mixed-use project with over 1M SF of retail and entertainment space. Stores are opening and leases are rolling in. Academy Sports was the inaugural store, but soon major tenants like Kroger, Hobby Lobby and Sam’s Club followed. The project’s developer, The Signorelli Co., expects roughly 85 stores and six multifamily communities when all phases of construction are complete.

Big Rivers Water Park

Big Rivers Waterpark and Gator Bayou Adventure Park is officially underway along I-69 north of New Caney. It will open in Grand Texas by summer, a little over six months after breaking ground. The park will sit on roughly 80 acres offering both a water park and adventure area with attractions for all ages. The move is spurring development around the park, with a Best Western Premier hotel set to deliver alongside the park’s opening. A 24-hour urgent care and a casual dining restaurant are also in the works close by.

BLVD Place Expansion

Phase 2 of BLVD Place’s construction is underway. The asset’s new owner, Whitestone REIT, will be adding a six-story, 137K SF building with 46K SF of retail below 91K SF of office space. The Hanover Co. also broke ground on its latest Houston asset last year there. The 32-story, 281-unit tower will sit just south of Hanover Post Oak as part of the BLVD Place mixed-use development.

Museum of Fine Aarts Expansion

The Museum of Fine Arts Houston’s $450M expansion broke ground last year. The 165K SF Nancy and Rich Kinder building will house 54K SF of gallery space, a 200-seat theater, a restaurant with views of the museum’s sculpture garden and an underground parking garage. The project is set to deliver in late 2019.

Houston Independent School District’s new arts-oriented high school is on track for a late 2018 completion. The High School for the Performing and Visual Arts is preparing for its move from Montrose to Downtown, which will increase the school’s capacity to a total of 750 students.

HISD Performing and Visual Arts High School

Houston Independent School District’s new arts-oriented high school is on track for a late 2018 completion. The High School for the Performing and Visual Arts is preparing for its move from Montrose to Downtown, which will increase the school’s capacity to a total of 750 students.

Buffalo Heights

H-E-B has been busy in Houston. In the Washington Corridor, H-E-B has teamed up with Midway Cos. for a mixed-use development at Heights and Washington. The 96K SF grocery store with a walk-up coffee bar and café concept will not open until spring 2019. The store is another sign of H-E-B’s increasing commitment to community-oriented stores within Houston’s inner loop.

The Post Oak

Houston Rockets’ owner Tilman Fertitta is behind The Post Oak, the Galleria area’s latest ultra luxe development. The 38-floor, 680K SF mixed-use development will feature 150K SF of Class-A office space, a 250-room hotel tower, 20 luxury residential units, a two-story Rolls-Royce showroom, a spa, a salon and several high-end restaurants. Mastro’s Steakhouse, a 10K SF establishment constructed by O’Donnell/Snider Construction and Abel Design Group, is already open on the site. The rest of The Post Oak is expected to open later this year.

Arabella

Just east of 610 in Uptown, Arabella, a 33-story, 100-unit condo tower, is going up on the site of the former Westcreek apartment complex. The luxurious condo tower is borrowing from Miami’s playbook by offering 10 terrace-top pools with some of the best views in the city. These pools are costing between $150K and $175K apiece, but have helped sell units. Ten out of the 14 penthouse condos within Arabella have been sold.

East Village

EaDo’s rapid conversion from a post-industrial neighborhood to a thriving arts and entertainment district is continuing at Ancorian’s latest redevelopment project, East Village. The project is already home to  Our/Houston vodka distillery, Chapman & Kirby, a hybrid nightclub and restaurant, and SeaSide Poke. Soon, Truck Yard and Rodeo Goat will join the mix. Agricole Hospitality is working on opening three separate concepts in more than 10K SF of converted warehouse space. Phases 2 and 3 of the project are set to deliver this summer.