The old Texaco building located at 111 Rusk in downtown Houston has been bought out by developers who plan to convert it into a sixteen story luxury high rise apartment.
“This 410,000-square-foot property has been vacant since 1989, when the oil giant relocated to a new tower on the western end of downtown”
The Developer is expecting to start construction soon and begin converting the 1915 sixteen-story structure into high-end rental residences. There will be 240 high-end apartment units total in the original building with the possbility of over 100 more if the developer decides to built a 28-story tower on top of the parking garage.
The Parking Garage will be nine stories and will house room for over 550 cars because the building will also feature ground retail & commercial space on the first and second floors.
The luxury apartment residences will average with 1,065 square feet and lease for around $2,700 per month. The units will include top-of-the-line fixtures; stainless-steel appliances, separate showers, European-style kitchens, quartz countertops, powder rooms and 10-foot ceilings.
The developer is anticipated finishing the project in just over a year. The main competition for this building will be Finger Companies- One Park Place.
To stay up to date on this project as pre-leasing information comes along contact Rachael Kaplan.