Downtown Houston: Hines’ 32-story apartment tower underway

HOUSTON – Hines has broken ground on a 32-story, 300,000-sf apartment building next to Market Square Park in the northern part of downtown.

One Market Square will consist of 274 units and an eight-story podium garage. The average unit size will be 1,200 sf.

The tower will be built on about one-half of a block bounded by Prairie, Preston, Travis and Main. The block is known as “Block 44.”

Houston-based Ziegler Cooper Architects designed the building. The project will be complete in 2016, said Hines spokesman Mark Clegg.

A number of projects are under construction in downtown Houston following a city-backed Downtown Living Initiative, which provides a $15,000 per unit tax credit for new multifamily development.