The shape of the parcel where 1550 on the Green is rising warranted a curved design to the building that will make it one of the more architecturally unique structures downtown. The tower has a distinctive architectural design Annie Mulligan, Houston Chronicle / Contributor 4. Robert Ward, Sylvester Turner, Matt Damborsky and Bob Eury pose for a picture during the groundbreaking for 1550 on the Green on Thursday, June 24, 2021. Houston has been one of the top metros for highest return-to-office rates in the country, though office occupancies haven’t broken far past the 60 percent in Houston, according to Kastle Systems. The return-to-office movement post pandemic could also foment further leasing activity, too, some real estate experts argue. However, Skanska hasn’t yet announced any additional office tenants, so it’s difficult to know how long it will take for the tower to lease up in a weak office market. International law firm Norton Rose Fullbright signed a 15-year lease for about a third of the tower, which will eventually be renamed for the firm. Mixed-use projects within walking distance to parks, restaurants and other amenities appear to be scoring tenants, too. But developers keep building new construction because tenants are more willing to lease newer, nicer spaces. The office market in Houston still hasn't fully recovered from the pandemic and has a chronic oversupply of office. It will have to compete in a tough office market Courtesy Skanska USA / Courtesy Skanska USA 3. Construction-related carbon emissions is a huge contributor to greenhouse gas emissions globally.īeyond looking at building materials, Skanska is using other methods to make 1550 on the Green more sustainable such as installing a rainwater collection system on the roof terrace, using energy-efficient glass and designing an air filtration system that pulls in 30 percent more fresh air than a standard design. Skanska also aims to reduce the construction-related carbon emissions tied to the project by 60 percent by evaluating the embodied carbon in the project.
The city granted the developer about $1 million in tax breaks over 10 years for its sustainable design.
The office tower is designed to pull in about 30 percent more fresh air than a standard office building, according to Skanska. Green Building Council’s sustainable building program. Skankska is seeking a Leadership in Energy and Environmental Design, or LEED, Platinum certification for 1550 on the Green, the highest level a building can receive in the U.S. Skanska wants a special energy-efficiency label It’s also expected to build a mixed-use project at Westheimer and Montrose, where it demolished a shopping center with a Spec’s and Half Price Books.Īn aerial rendering of Skanska's 1550 on the Green, a 28-story office tower under construction near Discovery Green park in downtown Houston. Skanska has embraced mixed-use concepts elsewhere in Houston, such as at Bank of America tower, where it built a large upscale food hall concept called Understory. Skanska hasn’t revealed plans for what's to come but previously said Discovery West could incorporate residential and retail space.
The tower, with 7,000 square feet of retail space, is the first phase in Discovery West, a mixed-use development spanning three blocks.
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