Hines Tapped to Manage 1001 McKinney; Groundbreaking Set for Mid-Main Project
- Dec 09, 2013
By Amalia Otet, Associate Editor
Silverpeak Real Estate Partners and Cameron Management tapped Hines, the international real estate company, to handle property management for 1001 McKinney, a 23-story building in the heart of downtown Houston.
Formerly known as the City National Bank Building, the landmark Art Deco high-rise on the corner of McKinney and Main was constructed in 1947. It was awarded LEED Gold certification by the U.S. Green Building Council under the LEED® for Existing Buildings (EB) Program and is listed on the National Register of Historic Places.
According to Hines, the firm’s property management team will be “hyper focused on repositioning this asset and creating significant value for ownership.”
1001 McKinney offers 375,440 square feet of office space and hosts a diverse tenant base, including Conley Rose P.C.; Kelley, Kronenberg, Gilmartin, Fichtel, Wander, Bamdas, Eskalyo & Dunbrack P.A.; McGlinchey Stafford PLLC; Shannon, Martin, Finkelstein & Alvarado P.C.; and Thorpe Petroleum Corp. Occupancy stands at 79 percent.
Meanwhile, The Architect’s Newspaper reports that Houston’s Mid-Main project is about to take off.
Seven years in the making, the project is the city’s first transit-oriented development (TOD) and aims to bring forth a new kind of cosmopolitan design to cater to the largest population cohort in America today, the so-called Millennials.
The brainchild of developers Bob Shultz and RHS Interests, the two-block mixed-use complex located along the METRORail light-rail system is designed by New York City–based Rogers Partners Architects + Urban Designers, Gensler Houston and Will Cannady.
“A key owner and designer decision was to abandon the traditional ‘Houston Wrap’ typology of apartments surrounding a parking deck, and instead develop a podium that provides street-level activities to surround the site, while concentrating residences around a common open space,” architect Rob Rogers of Rogers Partners told The Architect’s Newspaper. “Instead of a monolithic two-block wall, the pro-urban scheme acknowledges the street grid and massing, including placing the major public access point across from the Mid-Main rail stop.”
To be located on the 3500 and 3600 blocks of Main Street, Mid-Main will consist of a mixed-use compound that will integrate residential and retail uses. Plans call for 363 studio, one- and two-bedroom apartment homes to sit atop 30,000 square feet of retail space. The building will also feature three levels of parking, two of which will be open to public use and one retained exclusively for the residents.
The project is expected to break ground in spring 2014, with a completion date set for mid- to late 2015.
Photo credit: 1001 McKinney courtesy of Hines
Rendering of Mid-Main via official Web site