Fertitta's plan for a 200 room hotel depends on a tax abatement. The Trammel Crow project will have 216 apartments over 300,000 square feet of office space and 30,000 square feet of retail space. Houston Chronicle Consultant cites strong rise in hotel occupancy rates downtown. Notes that Houston's downtown has too few hotel rooms for its size. Building was largely vacant two years ago.
Building is second major new skyscraper in downtown Houston in a year.
Construction to begin in December. The 100,000 square foot complex will house 20 restaurants, clubs and retail shops.