Feature Illustration (above): Architectural rendering of The Preston. Courtesy: Hines.
by Adolfo Pesquera
Houston (Harris County) — The development team of Hines, Cresset Wealth Advisors and Levy Family Partners LLC revealed Monday plans for a 46-story luxury residence tower that will be built downtown on the site of the former Houston Chronicle parking structure.
The Preston, an upscale high-rise community will stand tall at the corner of Preston and Milam Streets.
800 Texas Ave. The office tower being constructed by Hines and Ivanhoé Cambridge. Courtesy: Ivanhoé Cambridge.
It will be adjacent to Market Square Park and the Hogg Palace residential building.
It is also next to a 47-story, 1-million-square-foot office tower at 800 Texas Ave. that is under construction; this is another project by Hines and Ivanhoé Cambridge.
The 373-unit tower will be the tallest residential community in downtown and will have panoramic views of the Central Business District, Market Square Park, Sesquicentennial Park and Buffalo Bayou, the Heights and beyond.
Construction will begin in March and is projected to reach completion by the third quarter 2022. Pre-leasing is to begin October 2021.
“Rotating the building diagonally to Houston’s grid provides wide uninterrupted views from all the residences,” said Jorge Munoz, principal of Munoz+Albin, the project’s design architect. “The massing and geometry of the tower are a response to the building’s immediate context, maximizing long distance views, natural light and direct views of Market Square Park.”
In addition to Munoz+Albin, the design team includes Mayfield and Ragni Studios (MaRS), interior architect; TBG, the landscape architect; and Harvey Builders, the general contractor.
It will have 10 penthouse residences on levels 44 and 45, each ranging in area from 1,739 to 2,927 square feet. They’ll feature large outdoor living rooms, freestanding bathtubs, ultra-luxurious finishes comparable to the finest condominium residences.
Common areas and other amenities will include 6,800 square feet of street-level retail and restaurants, a 46th level deck with private resident dining and catering kitchen, a 10th level zero edge pool, cabanas, daybeds, yoga lawn and private terrace, a state-of-the-art gym, co-working and conference spaces, guest suites, several social lounges, a pet spa, bike shop, 24-hour concierge and valet parking.
Kevin Batchelor, Hines’ senior managing director, said, “We look forward to delivering our most impressive residential community to day.”
Other Hines residence projects in downtown Houston include 811 Main, 609 Main at Texas, and Aris Market Square.
The Preston will be built on the site of the former Houston Chronicle parking garage (area highlighted in yellow) and next to the Market Square Park seen in the foreground. Image: Google Streets.
This article was edited from a Hines press statement and other corporate sources.