14 Projects Under Construction That Are Reshaping Houston
From skyscrapers to water parks and everything in between, development is alive and well across Houston. We rounded up the projects under construction Houstonians are most excited about.
Capitol Tower
Skanska kicked off its 754K SF Downtown tower amid millions of square feet of vacancy in Houston's central business district. But Skanska has a major tenant in place, inking a deal with Bank of America to vacate its namesake building to anchor Capitol Tower. The 35-story tower has built 28 stories so far with glass curtain walls starting to work their way from the lower level. 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.
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.
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.
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.
MFAH 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.
HSPVA's Downtown Campus
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.
Modera Shepherd
Brick is going up at Mill Creek Residential's Washington Corridor multifamily project, Modera Shepherd. The six-story mid-rise will offer 245 multifamily units. The project straddles the one-way streets Shepherd and Durham, between Floyd and Blossom.
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 already, the Houston Business Journal reports.
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.
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.
TMC 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.
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.
