Tuesday, March 4, 2014

Construction Begins on 609 Main at Texas in Houston

The new skyscraper that will change the Houston skyline broke ground this week, a development of the Hines CalPERS Green Development Fund, a partnership that focuses exclusively on developing sustainable office buildings throughout the US certifiable through the USGBC Leadership in Energy and Environmental Design (LEED) Core & Shell program. The 47-story, 1,050,000-square-foot office tower under development at the corner of Main and Texas streets is expected to be ready for occupancy after 36 months of construction.

Hines President Jeff Hines said, "609 Main at Texas is a strategic follow-on to our success with BG Group Place. We are thrilled to start construction on our second major office tower on Main Street, especially with our partner, CalPERS. We saw the trend coming several years ago when we purchased two key blocks of land on Main Street, and now our strategy has been confirmed with the start of this iconic new landmark."

"We have already had significant leasing interest among all the sectors that fuel CBD development," said Hines Senior Managing Director John Mooz. "This project will be a true ‘next-generation' office building, utilizing best practices we've learned from our previous developments in Houston and around the world. While 609 Main at Texas is designed to house multiple firms, there is obviously a significant and prestigious opportunity for an anchor tenant, including options for large trading floors and outdoor space."

Hines has owned the full-block site since 2008, according to a Houston Chronicle report, but only began site work, including the demolition of an abandoned structure, last November. 609 Main at Texas is pre-registered LEED, and is expected to attain Gold or Platinum certification upon completion. Connecticut-based Pickard Chilton designed the tower, and Houston's D.E. Harvey Builders is the general contractor.

For more news and information visit Blumberg Capital Partners.

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