Midway Unveils Plans For 320K SF Class-A Office Tower In CityCentre
CityCentre Six will be a 19-story, 320K SF Class-A office tower in CityCentre, a mixed-use complex in west Houston, Midway announced Wednesday. A confidential tenant has signed a lease for 65% of the building, and construction is scheduled to begin in the second quarter. Completion is slated for 2026.
A Midway spokeswoman declined to comment on construction financing for the project in response to a query from Bisnow. The spokeswoman also said the company has no timeline for announcing the confidential tenant, declining to release any details about its identity.
Although Houston office hit an all-time-high office vacancy rate last year, Midway said in a news release that the existing CityCentre complex is 100% leased.
“CityCentre’s thriving blend of office, retail, hotel and residential offerings is a testament to the growing appeal of this area, and we look forward to introducing a new standard for Class-A office space while also growing the pedestrian-focused master plan of the district,” Chris Seckinger, vice president of investment and development at Midway, said in the release.
CityCentre Six will include 308K SF of offices, with a large portion dedicated to the unnamed anchor tenant and up to 100K SF available for lease. It also includes about 12K SF of retail and dining concepts on the building’s ground floor, according to the release. The tower will sit on a nine-level parking structure.
The new building will be adjacent to Marathon Oil’s headquarters at 990 Town and Country Boulevard, which Hines completed in early 2022. Midway master-planned both buildings around a half-acre urban plaza that will serve as a new entrance to the original CityCentre development, the release says.
OJB Landscape Architecture designed the plaza, while Midway’s Urban Park brand will curate it. The plans for CityCentre’s north site have been in the works for nearly a decade, Seckinger said.
“As we continue to shape the modern workplace, we recognize the importance of creating an environment that transcends functionality and sparks inspiration,” Midway CEO Brad Freels said in the release. “This new urban plaza, in line with Midway's urban park brand, will offer a unique setting for professionals to connect, collaborate and find moments of respite within the bustling CityCentre environment.”
The project will cost about $87.5M, the Houston Business Journal reported, citing a Texas Department of Licensing and Regulation filing.