Downtown Houston’s residential growth
HOUSTON – Downtown Houston’s residential population could more than double over the next several years with projects underway and a dozen proposed for the city center.
The boom is being fueled in part by a city program offering developers up to $15,000 for each apartment or condominium they build in a multifamily complex of at least ten units. They must meet design guidelines on how the project looks at street-level.
Of the projects proposed, three have been approved for the incentive program, and agreements are pending on the others.
Approved projects include a 33-story tower planned near Market Square Park; a 38-story building by Discovery Green; and a ten-story structure on the southern end of downtown.
According to the Houston Downtown Management District, since the program went into effect more than a year ago, the following developments have broken ground:
• Alliance Residential Co.: five-story, 207-unit building at Main and Bell;
• Texaco Building: 323 units at Capitol and San Jacinto;
• SkyHouse Houston/Novare Group: 24-story, 336-unit building with retail at Fannin and Leeland; and
• Finger Co.: seven-story, 397-unit building with retail at Prairie and Crawford
Current downtown data are shown below.
Rental or for sale units | 2,614 |
Occupancy | 90.8% |
Estimated population | 3,060 |
Units under construction | 1,263 |
Units proposed | 2,251 |
Total units* | 6,128 |
Estimated population* | 7,635 |
*Numbers assume completion of all proposed projects.
For more Multifamily, see Houston Market Data Sources.
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