Home > New Construction, Uncategorized > Renderings surface of new office tower near Heights

Renderings surface of new office tower near Heights

Stream Realty Partners and BlackSwan Investment Partners are developing the structure, on Washington and Waugh, 100 percent on a speculative basis.

The Houston Business Journal obtained two renderings of a new 25-story office tower that will rise near the Heights.

Stream Realty Partners LP and Blackswan Investment Partners, both based in Houston, are developing the 220,000-square-foot office structure on corner of Washington and Waugh streets.

A source close to the deal said the structure is being built 100 percent on a speculative basis and the developers plan to break ground as soon as Nov. 1. It is expected to be ready for occupancy by summer 2015. Stream Realty would not officially comment on the project.

The lead designer on the project is Page Southerland Page, based in Houston. A general contractor has not been announced.

Stream also partnered recently with Redstone Partners to develop another Houston office tower: BBVA Compass Plaza in the Galleria area.

That structure was completed earlier this year and is now the headquarters for BBVA USA Bancshares Inc., the parent company of Birmingham, Ala.-based BBVA Compass

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