Houston’s Park Towers $16M upgrade
HOUSTON – TPMC Realty Corp. has launched a $16 million redevelopment of Park Towers, the iconic two towers in Uptown located on the east side of Loop 610 at Post Oak Blvd.
Located near Memorial Park, the Park Towers were constructed in the early 1970s, one of the first major office developments along Loop 610 in what eventually became known as the “Galleria Area” and then “Uptown.”
Park Towers has two 18-story office towers that each contain 273,000 rentable sf. The total rentable sf for both towers is about 545,000 sf.
The redevelopment of Park Towers is projected to be completed by the end of 2016.
With the Houston office market showing signs of softness in the wake of the oil price declines, the redevelopment of the Park Towers will stand out as one of the most significant office redevelopments occurring in Texas this year.
The transformation of Park Towers extends to all tenant common areas from elevator bank corridors and restrooms; to the concierge style lobby of each building, high performance fitness facility, tech savvy conference center, and a state-of-the-art elevator modernization.
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