New Construction Houston
SOMETHING BIG IS UP. Downtown began its renewal in the mid-1990s, and since then, more than $6.1 billion of buildings, parks and infrastructure have been completed. Today, more than $2.2 billion in new Downtown construction projects, a total of 26, are underway and another $2 billion in pre-development/design—nearly one-third of these projects being residential developments. Additionally, Houston continues to welcome waves of new businesses relocating offices to its central business district and with that, urban professionals also will see an additional 1.5 million square feet of office space being constructed, as well as seven new, modern and luxurious hotel high-rises dotting the city’s skyline. And who can overlook the success of two of Houston’s most beloved urban parks: Discovery Green and Market Square Park – both of which have been heavily credited for being the economic catalyst for growth in the eastern and northern end of Downtown Houston, respectively. With all of this robust activity, combined with its strong economy, a growing urban population, and solidified status as being one of the nation’s top culinary and entertainment destinations, it’s easy to see how Houston has transformed itself into the global city that it is today.