X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Trammell Crow Co. and Principal Real Estate Investors have launched construction on the 871,000-sf Discovery Tower. The developer will seek LEED Gold certification for the $300-million landmark project in the city’s entertainment district.

As part of its green plan, the 30-story building, being placed on a full city block, will be outfitted with 10 rooftop turbines to generate electricity, a first in the city. Gensler designed the high rise, which will be ready for occupancy in 2010. Gilbane Building Co. of Providence, RI is the general contractor.

Aaron Thielhorn, principal of development and investment with Trammell Crow in Houston, says there’s more to the project than LEED certification as important as that is. He points out that its location at 1501 McKinney St. beside the city’s 12-acre, $122-million Discovery Green park will have a significant impact on the entertainment district.

“The reason why we’re doing this is because the Downtown market is strong,” Thielhorn says. “It’s a great building in a great location and we think there’ll be a major impact to the area there on the east side.” CB Richard Ellis is preleasing the project.

Thielhorn acknowledges that developing the 30-story building and 10-story parking garage offers challenges. On the sustainability side, a little more effort has gone into planning a structure that’s efficient and tenant-friendly. “We’re trying to make sure the building has enough transparency to maximize views into the park,” he tells GlobeSt.com, “and landscaping to make a smooth transition point from the park to the building. We’re trying to look at the neighborhood and figure out the best way to capitalize on the location.”

Discovery Tower is the second project in Houston for TCC and Des Moines-based Principal’s national office development program. It’s also the largest of the JV’s five projects to date. Thielhorn says that, at this time, TCC and Principal have enough with Discovery Tower and the 630,000-SF Energy Center I and II along Katy Freeway on the far west side, which is currently under construction. “There are no more projects pending with Principal right now,” he adds. “They’re obviously very bullish on Houston and like this economy. But, right now the focus is on these two projects.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.