HOUSTON — A multi-million-dollar modernization is underway at 1001 Fannin, the 49-story office tower in downtown Houston.
The Class A building offers 1.3 million square feet of office space and sits about three blocks from Discovery Green park.
The renovation program introduces an 8,000-square-foot fitness center and a new tunnel-level tenant lounge outfitted with multiple entertainment amenities, seating, and gaming areas. The main lobbies have been upgraded with hotel-style touches, including new escalators, enhanced artistic lighting, and a new coffee bar with open seating that creates numerous collaboration opportunities for tenants and visitors.
Work on a complete overhaul of the North and South exterior plazas is scheduled to begin this month. Those exterior improvements will add collaborative outdoor lounges to enhance the tenant experience both inside and outside the building.
All building renovations are expected to be finished by mid-2020, with a building conference center planned for delivery in 2021.
“We have been involved with 1001 Fannin since it was originally built, and we are excited about the building’s future,” said Patrick Meara, president of UIDC Management, LLC, the general partner of the tower’s ownership group. “With its proximity to Discovery Green, Greenstreet, several new multifamily developments and the Four Seasons hotel, 1001 Fannin has long been an attractive option for the Central Business District’s top office tenants. We believe these renovations will reflect the future of the workplace.”
Located on a block bounded by Fannin, McKinney, San Jacinto and Lamar streets, 1001 Fannin is within walking distance of major downtown destinations including the Toyota Center, Minute Maid Park, the Four Seasons Hotel and the George R. Brown Convention Center. The building also has easy access to many dining and retail options such as Pappas Steakhouse, III Forks, Morton’s The Steakhouse and Leaf & Grain.
“We are pleased that the ownership has advanced these renovations at 1001 Fannin. The building has been — and will continue to be — a strong choice for tenants seeking premium office space in downtown Houston,” said Chip Colvill, CEO and president of Colvill Office Properties.
Available spaces at 1001 Fannin range from 2,000 square feet to three full floors, and an additional 390,000 square feet of contiguous space is expected to become available in early 2022. Brad Beasley and Cameron Colvill of Colvill Office Properties lead the leasing effort for owner FC Tower Property Partners, LP. CBRE manages the property.
Houston-based Colvill Office Properties specializes in landlord representation for office buildings and currently directs leasing and marketing for 17 million square feet of Class A office space in the Houston market. The firm currently leases approximately 32 percent of downtown Houston’s office space.
Jan. 9, 2020 Realty News Report Copyright 2020
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