Houston: 18-story Park Place at Buffalo Bayou underway

HOUSTON – An 18-story office building, Park Place at Buffalo Bayou, has broken ground. The building is located on 1.3 acres on Willia St., just north of Spotts Park and near the intersection of Memorial and Waugh.

It will contain 250,000 sf of office space and have a fitness center with locker rooms on the first floor, as well as eight levels of parking.

Rents are expected to be in the low- to mid-$30-per-sf range.

The building will be close to Buffalo Bayou Park, which runs from downtown to Shepherd and is undergoing a $58 million restoration. Upgrades to the park include new lighting, pedestrian bridges and separate bicycle and jogging trails.

Pinto Realty Partners is developing the project, which is scheduled for completion in summer 2016.