Downtown surface parking lots have been disappearing left and right, notes reader Debnil Chowdhury, who works downtown. The latest to bite the dust is the vacant lot at 300 Milam St. (above), directly adjacent to the Market Square Parking Garage, on account of Woodbranch Investments’ 40-story, 463-unit apartment tower going in there. The lot was closed permanently last week, Chowdhury reports.
If the Preston St. elevation of the proposed building (pictured above right) looks vaguely like Discovery Green neighbor One Park Place but without the tack-on pediments at the roofline, that might be because the new Market Square Tower was designed by the same architects, Jackson & Ryan, and because the roof is reserved for a glass-enclosed gym, sundeck, and pool, as shown in this more recent rendering:
Because the tower at 777 Preston St. will be taking over the adjacent Market Square Parking Garage and not building a new one to sit on, its lower amenity deck will be a little more down-to-earth, bringing the requisite pool (a lower-level one), palm trees, and cabanas to the building’s third floor, overlooking Market Square Park. Underneath it, 22,000 sq. ft. of street-facing retail space is planned; judging from the new rendering, the restaurants or stores will likely face Market Square.
Changes to the adjacent 10-story parking garage will reduce the number of spaces to 950 from about 1100, with 150 spaces reserved for guests and retail customers. Existing garage parking contracts with downtown workers will be kept during construction, Nancy Sarnoff reports.
At 40 stories, the tower is planned to rise 7 levels taller than the Hines Market Square tower Ziegler Cooper is designing for the site across Market Square, and 3 stories taller than One Park Place. As with all new downtown apartment construction, the developers will benefit from the city’s $15K-per-unit tax rebate.
- Record size residential project set to rise downtown [Houston Chronicle]