Developers of a new 43-story skyscraper rising in downtown Houston reveal details of the luxury apartment project set to further transform the area around Discovery Green Park.
High Street Residential, a subsidiary of prominent Dallas-based real estate firm Trammell Crow, is releasing new interior renderings of luxury apartments, new branding and a timeline for when construction will be complete. High Street broke ground for construction in the summer of 2020.
The tower previously known as Block 98 has been renamed Parkside Residences, a nod to the project’s location near the popular 12-acre city park.
Arches Construction contractors have completed the tower, which means the structure has reached its highest point at 470 feet tall.
High Street Residential plans to begin pre-letting the skyscraper in the spring of 2022. Residents are expected to begin moving into the first units this summer, and construction is expected to be complete on the entire tower in the summer of 2023.
The 309-unit tower will attract new tenants who will add to the growing downtown Houston residential base that has developed over the past two decades.
Historically, downtown was not a bustling place after 5 p.m. on weekdays, but that has changed in recent decades. In 2014, Houston city planners approved a program that offered to reimburse developers up to $15,000 per apartment they built downtown, according to previous news reports. This helped drive the growth of residential projects, followed by retail, restaurants and bars.
Today, about 10,000 people live downtown, up from about 2,085 people in 2000, according to a study by the nonprofit economic development group Central Houston. The group anticipates further growth in the downtown population this year with the delivery of approximately 1,300 residential units downtown.