Hines Unveils Brava, Houston’s Tallest Residential Community

Hines, along with investment partners Cresset-Diversified QOZ Fund and Levy Family Partners, announced the grand opening of Brava, a world-class apartment high-rise located at the corner of Preston and Milam Streets in downtown Houston. Adjacent to Market Square Park and Texas Tower, Hines and Ivanhoe Cambridge’s new one-million-square-foot office tower, the residences lie at the convergence of Houston’s Central Business District, Theatre District and Historic District, offering a truly metropolitan living experience and immediate access to the city’s major urban, cultural and sports facilities.

Striking Views of the Downtown and Beyond

Comprised of 373 luxury residences, the 46-story high-rise stands taller than any other residential community in Houston. The tower, designed by Munoz + Albin Architecture & Planning, is positioned diagonally on its site, allowing for uninterrupted views from every window. Featuring a dynamic twisting shape that rises the building, the Brava’s distinct façade is a remarkable architectural presence and an important contribution to the Houston skyline.

Brava is expected to achieve LEED Gold certification, demonstrating Hines’ commitment to sustainability.

Contemporary, Art-Focused Interiors

Setting a new tone for the bustling borough, Brava’s modern design provokes a vibrant energy that yields undeniably welcoming and luminous spaces. With common space interiors by award-winning Mayfield and Ragni Studio (MaRS), a soothing color palette is accented by contemporary interiors, unique millwork and commissioned art installations by renowned sculptors and artists including D’lisa Creager, Sachin Tekade, Sergio Albiac and many others. Located on the former Houston Chronicle site, the building subtly incorporates the physical presence of a newspaper, from the consistent use of black and white materials to its uniquely curved façade. Houston-based artist Robynn Sanders, with Maverick Murals Art and Design completed MaRS’s vision for the concrete columns in the building’s lobby, which tell a story of Houston’s milestone events as recorded across the Houston Chronicle headlines ranging from the 1920s into the 2000s.

Condominium-Level Finishes in a Rental Residence

Brava boasts spacious single-level floor plans ranging from 657 to 2,926 square feet. Each light-filled residence features 10-foot ceilings, flexible living spaces, generous walk-in closets with custom shelving and floor-to-ceiling windows to maximize views. Natural materials and finishes create an inviting sense of warmth with luxurious millwork and fixtures including quartz countertops, stainless-steel Bosch appliances and wide-planked wood flooring complimenting Italian-made custom cabinetry throughout.

The building’s 10 penthouse residences, on levels 45 and 46, range in size from 1,739 to 2,927 square feet with large outdoor living rooms, freestanding bathtubs and ultra-luxurious finishes rivaling the finest of condominium residences. Select penthouses feature outdoor kitchens with gas grills and refrigerators, and contemporary indoor fireplaces.

Unmatched Amenities

Residents of Brava enjoy access to an array of outstanding amenities, including a 24-hour concierge; valet parking; 47th-level sky amenity deck capturing panoramic views of the skyline with private resident dining room and catering kitchen; 10th level resort style pool, cabanas, daybeds, yoga lawn and private terrace; state-of-the-art gym with on-demand virtual fitness classes; coworking and conference spaces; guest suites; multiple social lounges with complimentary beverage and coffee bars; pet parlor; on-site storage; bike shop and bike storage; 6,800 square feet of curated street-level retail and restaurants onsite.

Prime Location
The community’s prime location between Market Square and the Arts District boasts a WalkScore of 97, with more than 50 bars and restaurants, 40 million square feet of office space, and multiple cultural institutions in the immediate vicinity. Nearby attractions include the Buffalo Bayou Park system, Jones Hall, The Wortham Theatre, Sesquicentennial Park, the Toyota Center and Minute Maid Park, among others. Bravery Chef Hall, Georgia James Tavern and Finn Hall are all within walking distance of Brava, and over 50,000 square feet of retail is currently underway within one block of the project site.

Conveniently located near the METRORail red line on Main Street and several bus lines, Brava is also easily accessible from US 59, Memorial Drive, IH-10 East, IH-45 North, IH-10 West, Allen Parkway and IH-45 South via automobile.

Project Team, Pricing and More Information

Hines assembled a stellar Texas-based design team for Brava, including Munoz + Albin, design architect; Mayfield and Ragni Studio (MaRS), interior design of common areas; TBG, landscape architect; and Harvey Builders, general contractor. Jones Lang LaSalle (JLL) provided construction financing and equity. The building is managed by Willowick Residential, Hines’ own best-in-class multifamily property management firm. Construction commenced March 2019 and initial move-ins began in the first quarter 2022. Final delivery is slated for Q4 of 2022.

MetroNational Announces Quanex Building Products Corporation to Move Headquarters to 945 Bunker Hill

MetroNational announced that Quanex Building Products Corporation will move its Houston headquarters to 945 Bunker Hill Rd in Memorial City.

Quanex Building Products Corporation, a local industry-leading manufacturer of building products, recently signed a lease occupying a 16,545 square-foot space in the Class-A officing building. Brad MacDougall and Warren Alexander represented the landlord, MetroNational, and Andy Iversen, John Luck and Kaitlyn Duffie of Newmark represented the tenant, who will move in September 2023.

945 Bunker Hill is a 14-story, LEED Silver Class-A office building owned and managed by MetroNational. Memorial City office tenants have access to a roster of exclusive amenities, including membership to its fitness center, Memorial City Club; complimentary shuttle service; interconnected skywalks to dining, retail and entertainment attractions; discount programs; and regular office tenant events.

Hartman Property Management Achieves World Class Ranking in Latest NPS Survey

August 5, 2022 (Houston, TX)—Hartman Income REIT Management, Inc. (Hartman), a commercial real estate operator of its portfolio owned by its affiliates, headquartered in Houston, Texas, announces its achievement and ranking as a World Class firm for its latest Net Promoter Score® (NPS) survey. The firm surpassed its previous score of 69.3 percent by charting a remarkable 71.2 percent for the third quarter of 2022.

“I cannot speak highly enough of our outstanding property management team whose hard work and dedication to their tenants are displayed through our results of the flawlessly executed survey. They genuinely care about their tenants, and this world class score undoubtedly establishes that truth!” shared Kelly Agent, Hartman’s Vice President of property management.

NPS is a market research tool used to measure the loyalty and satisfaction of a company’s customers. In turn, companies use the collected data to assess and improve customer service. Twice a year, Hartman’s property management team requests tenants to use the elective survey to rate their likelihood of recommending the company.

In July, Hartman’s property management team conducted the semiannual survey and received not only their highest score yet but with an improved response rate of 35 percent.

“Improving our score while also increasing the number of surveys taken is a record in and of itself.” shared Al Hartman, President and CEO. “Increasing the number of promoters and decreasing detractors while gathering the highest participation rate in our company history is a testament to the level of excellence on which our property managers operate on.”

Hartman’s world class score of 71.2 was achieved through the reception of perfect tenant ratings at 14 of its properties and ranks the firm 41 percentage points higher than the industry average. Other highlights include 80 percent of tenants identifying as promoters of the company.

The semiannual NPS survey is incredibly important to the firm as it helps Hartman’s property management team better understand its customers’ likes and dislikes, and also find areas for improvement. Within the survey, tenants are allowed to leave responses and feedback regarding their experience. Top feedback from

tenants included their appreciation for the team’s quick responsiveness to needs, availability to take phone calls, timeliness of regular check-ins, and friendliness when property management help was needed.

If you are looking to lease office, retail, or industrial space in Houston, Dallas or San Antonio, please contact a Hartman leasing agent for more information. A leasing representative can be reached by phone at 800-880-2212 or by email at leasing@hi-reit.com.

Houston-based Private Investor Purchases Houston Office Park

JLL Capital Markets has closed the sale of Oak Park Office Center II, a two-story office building totaling 206,362 square feet in Houston.

JLL marketed the property on behalf of the seller, Office Properties Income Trust, in the sale to a Houston-based private investment group that invests across Texas.

The two-story office building is currently 49.0% occupied on a long-term basis by Men’s Wearhouse, a wholly owned subsidiary of Tailored Brands, the retail holding company for various apparel stores, including Joseph A. Bank. The tenant uses the first floor of Oaks Park Office Center II as their headquarters. In addition, the property offers 1,070 parking spaces and has three access points along Rogerdale Road.

Oak Park Office Center II is located at 6380 Rogerdale Road in the Oak Park Business Park at the intersection of Beltway 8 and Westpark Tollway. The property is positioned within the Westchase District, Houston’s fourth largest office submarket, home to more than 1,500 businesses, including several Fortune 500 companies, such as Phillips 66, Honeywell, ABB, Schlumberger, Sabic, Equinor, BMC, Emerson, Worley and more. The office buildings proximity to Interstate 10, US-59, Beltway 8 and Westpark Tollway provides access to more major highways than any other area of Houston. As a result, the property is within 30 minutes from any major destination in Houston, including both major airports, the Texas Medical Center, Katy, Sugar Land, Downtown, the Galleria, the Energy Corridor and Greenway Plaza. Additionally, the Westchase District has a strong demographic base of well-educated and high-income workers residing in and nearby the submarket.

The JLL Capital Markets team representing the seller was led by Managing Directors Kevin McConn and Marty Hogan and Analyst Jack Moody.

Regional Power Center in Houston Sells to Local Investor

JLL Capital Markets has closed the sale of Market Square at Eldridge, a 262,556-square-foot regional power center anchored by a slate of tenants in Houston.

JLL marketed the property on behalf of the seller, Walton Street Capital, L.L.C. Houston-based Wu Properties acquired the asset.

According to Placer.Ai, Market Square at Eldridge center is in the top 5% of all U.S. shopping centers. The high-performing center is 98 percent leased to a robust mix of national tenants, including Burlington, Michaels, Party City, PetSmart, Dollar Tree, HomeGoods, Bath & Body Works, Ulta Beauty, Cato, Old Navy and Office Depot. A Target and popular membership-only retail warehouse serve as shadow anchors.

Market Square at Eldridge is positioned on 32.52 acres at 2660 Eldridge Pkwy S. in a high-traffic infill Houston location at the intersection of Westheimer Road and Eldridge Parkway, which sees more than 99,000 vehicles per day. The property is near Houston’s Energy Corridor, a major employment center. Surrounded by residential and multi-housing development, more than 161,182 residents earning an average annual household income of $90,716 live within a three-mile radius.

The JLL Retail Capital Markets team representing the seller was led by Senior Managing Directors Chris Gerard and Ryan West, Associate Erin Lazarus and Analyst Megan Babovec.