Hines and Ivanhoé Cambridge Name Revolutionary Office… - Hines

Hines and Ivanhoé Cambridge Name Revolutionary Office Development in Downtown Houston

Texas Tower – An Evolution of the Office Experience

(HOUSTON) – Hines and Ivanhoé Cambridge today announced that the new 47-story, one-million-square-foot office tower on the 800 block of Texas Avenue (the former site of the Houston Chronicle) will be named Texas Tower.

Bounded by Milam, Prairie and Travis streets, the building will become an architectural presence in Houston’s skyline, and offer a radical new approach to lobby and common-area design and activation. Designed by Pelli Clarke Pelli, the project will be built to the highest standards that Hines has ever developed in Houston, including LEED® Platinum, WiredScore and WELLTM Building Standards. Fred Clarke, senior principal with Pelli Clarke Pelli explained, “The experience of the building has been considered from every angle, designed to serve its tenants and created to help companies make bold strides into the future.”

Amenity-rich and tailored to the specific needs of tenants, Texas Tower puts its people first. Pushing the boundaries of hospitality and design, the ground-floor experience of the project features an eye-catching pavilion, soaring ceilings, and even varied food and drink options. The grand lobby will include double-height ceilings and a massive mezzanine. Texas Tower will also offer a full-featured coworking space; a high-performance, flexible fitness center; dedicated library; adaptable amenity spaces; and multiple tenant gardens on levels 12 and 13. Sharing an environment with some of Houston’s most influential people, this truly unique lobby will generate countless opportunities for creative and constructive collisions.

Ten-foot, full-height windows will allow for an abundance of natural light across the 30,000-square-foot floor plates and a sophisticated underfloor HVAC system will put comfort choices individually controlled and in the hands of occupants. Cantilevered bays on each face of the floorplate extend out and project away from the building providing opportunities for dramatic internal stairs, atriums and communal spaces, as well as potential access to fresh air and outdoor green space through balconies.

Senior Managing Director John Mooz said, “Texas Tower seemed the perfect name for what is destined to be the best new building in the Southern U.S. This powerful combination of flexible physical spaces, tenant-centric amenities, and innovative health features that are consistent with LEED and WELL programs, is poised to set new standards for office space and is the next step in human-centered workspaces.”

Chief Development Officer, Office, North America and Vice Chairman for Ivanhoé Cambridge, Arthur Lloyd, stated, “Texas Tower is the epitome of the next generation of office buildings, designed to answer future tenant needs by addressing what their employees want. We are excited to be on the front lines of cutting-edge innovation in the built environment.”

Texas Tower is 33 percent leased following the signing of two anchor tenants. Vinson & Elkins, the largest and one of the oldest law firms in Houston, has signed a 16-year lease for 212,000 square feet over the top seven floors. Hines will also relocate its global headquarters to the new building, signing a 15-year lease for approximately 155,000 square feet covering five floors. Colvill Office Properties is handling the leasing for Texas Tower which is scheduled to open in late 2021. Join the evolution here: texastower.com.

About Ivanhoé Cambridge

Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a long-term view to generate optimal, risk-adjusted returns. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint. Vertically integrated in Canada, Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,000 buildings, primarily in the residential, office, retail, industrial and logistics sectors. Ivanhoé Cambridge held more than C$60 billion in assets as at June 30, 2018, and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com.

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 207 cities in 24 countries. Hines has approximately $116.4 billion of assets under management, including $64 billion for which Hines provides fiduciary investment management services, and $52.4 billion for which Hines provides third-party property-level services. The firm has 109 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,319 properties, totaling over 431 million square feet. The firm’s current property and asset management portfolio includes 527 properties, representing over 224 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.

Contact Hines

Headquarters

Global Headquarters

2800 Post Oak Blvd.
Houston, TX 77056-6188
United States
1 713 621 8000
Contact Hines

European Headquarters

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900

Regional Offices

U.S. East Region

345 Hudson Street
12th Floor
New York, NY 10014
United States
1 212 230 2300

U.S. Midwest Region

444 West Lake Street
Suite 2400
Chicago, IL 60606
United States
1 312 419 4900

U.S. Southeast Region

5 Ravinia Dr NE
Atlanta, GA 30346
United States
1 770 206 5300

U.S. Southwest Region

609 Main St.
Suite 2400
Houston, TX 77002
United States
1 713 237 5600

U.S. West Region

101 California Street
Suite 1000
San Francisco, CA 94111
United States
1 415 982 6200

Asia Pacific Region

1 Connaught Road, 28F
Central, Hong Kong

Eurasia Region

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00

European Region

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900

International Offices

Australia

20 Hunter St
Level 10
Sydney, NSW 2000
Australia
61 2 9232 3137

Brazil

Av. das Nações Unidas, 12901
Torre Norte - 6 ° andar
São Paulo 04578-910
Brazil
55 11 5504 7600

Canada

200 King Street West
Suite 1805
Toronto, ON M5H 3T4
Canada
416 595 1949

China

Suite 333, Hyundai Motor Tower
38 Xiaoyun Road, Chaoyang District
Beijing, PRC 100027
China
8610 8453 8855

France

66 Avenue Charles de Gaulle
Neuilly-sur-Seine, IDF 92522
France
33 1 41 45 80 80

Germany

Hines Immobilien GmbH
Joachimsthaler Str. 1
D - 10623 Berlin
Germany
49 30 726241 100

Greece

Voukourestiou 19
Athens 106 71
Greece
30 210 364 7895

India

One Horizon Center
12th Floor
Gurgaon, Haryana 122002
India
91 124 480 2222

Ireland

Block 2, First Floor
Clanwilliam House, Clanwilliam Place
Dublin 2
Ireland
353 1 7999900
Dublin.OfficeAdmin@hines.com

Italy

Via Broletto, 35
Milan 20121
Italy
0039 02 8962921

Japan

Akasaka K Tower Level 4
1-2-7 Motoakasaka, Minato-ku
Tokyo 107-0051
Japan
81 90 9854 5236

Luxembourg

35 F, John F. Kennedy
Luxembourg L-1855

352 264 337 1

Mexico

Torre del Angel
Reforma 350
Mexico D.F. 06600
Mexico
52 55 52428809

The Netherlands

Gustav Mahlerplein 28
Amsterdam, NH 1082 MA
Netherlands
31 6 30 70 81 29

Nordic Countries

Forbindelsesvej 4
Copenhagen 2100
Denmark
44 7815 285 191

Panama

Torre B Piso 15
Torre de las Americas
Punta Pacifica, Panama City
Panama
507 028 20 7375

Poland

Prosta Street 68
Warsaw 00-838
Poland
48 22 351 2400

Russia

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00

Spain

Sor Ángela de la Cruz, 2° - 2° C
Edificio Cuzco III
Madrid 28020
Spain
34 91 703 00 23

South Korea

Glass Tower, Level 20
534 Teheran-ro, Gangnam-gu
Seoul 06181
Republic of Korea
82 2 3439 9141

United Kingdom

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900