New Downtown Houston Office Tower a Countercyclical Play
Rendering of the 1 million-square-foot office tower at 801 Texas Ave. in Houston
Market timing drove Hines’ and partner Ivanhoé Cambridge’s decision to build a new 1 million-square foot office building in downtown Houston, discussions with Hines revealed.
Josh Scoville, senior vice president of research for Hines, said, “Tower developments take 3 to 4 years to deliver and while Houston’s fundamentals are tough right now, they are likely to…
