Urban Sensibility, ‘Soul’ To Enter Energy Corridor

HOUSTON (Houston Chronicle) – PM Realty Group is planning a mixed-use community of upscale apartments, outdoor restaurants, hotels and high-rise office towers in the Energy Corridor.

The developer is committing $1 billion to give the section of west Houston a "soul." They have spent the last 16 months with a team of national consultants, designers and planners creating a master plan for the former ExxonMobil Chemical Co. headquarters.

Construction on the long-term project, named Republic Square, is scheduled to begin next year and be developed over the next decade.

The property is between I-10 and Memorial Dr., bordering Terry Hershey Park.

PM Realty plans to combine up to 800 residential units with five office buildings totaling 2.6 million sf, two full-service hotels and 100,000 sf of retail space. The buildings will range from 14 to 16 stories. A public square is also planned.

The first phase is slated for completion by early 2018.