Developers of a new 43-story skyscraper rising in downtown Houston are revealing details about the luxury apartment project poised to further transform the area around Discovery Green Park.
High Street Residential, a subsidiary of the prominent Dallas-based real estate firm Trammell Crow, is releasing new renderings of the interior of the luxury apartments, new branding and a timeline for when construction is expected to wrap. High Street broke ground on building in summer 2020.
The tower previously known as Block 98 has been renamed Parkside Residences, a nod to the project’s location near the popular 12-acre urban park.
Contractors with Andres Construction have topped out on the tower, meaning that the structure has reached its highest point at 470 feet tall.
High Street Residential expects to start preleasing the skyscraper in spring 2022. Residents are expected to start moving into the first few units this summer and construction is set to wrap up on the entire tower in summer 2023.
The 309-unit tower will bring new renters adding to the growing residential base in downtown Houston that has unfolded over the past two decades.
Historically, downtown wasn’t a bustling place after 5 p.m. on weekdays, but that’s changed over the past few decades. Back in 2014, Houston city planners approved a program offering to reimburse developers up to $15,000 per apartment unit they built downtown, according to earlier media reports. That helped to spur growth in residential projects followed by retail, restaurants and bars.
Now there are about 10,000 people living downtown – up from about 2,085 people in 2000, according to research from the nonprofit economic development group Central Houston. The group is anticipating downtown’s population to grow again this year with the delivery of about 1,300 residential units downtown.