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    (really) high life

    Downtown Houston's tallest residential high-rise tower soars with luxury living

    Holly Beretto
    Feb 5, 2019 | 2:45 pm
    The Preston high-rise Hines downtown
    The stunning Preston will offer equally stunning views and amenities.
    Rendering courtesy of Munoz + Albin

    Soaring 46 floors above downtown Houston and set at an angle that maximizes both street space and sky views, The Preston is out to change the way Houstonians think about downtown living.

    From its perch on Preston and Milam streets, the new tower blends the energy of life in the city with the luxuries of a grand hotel. A partnership between Hines, one of the world’s most dominant real estate firms, along with Cresset Wealth Advisors and Levy Family Partners, The Preston is a whole new level of swank.

    But make no mistake: this isn’t just another amped-up amenity apartment building. The high-rise, with 431,952 rentable square feet across its 373 luxury residences, will be the tallest residential structure in the city core — stretching 46 stories. There are 10 penthouses sprawled across floors 45 and 46, with residences that range in size from 1,739 to 2,927 square feet, boasting large outdoor living spaces, freestanding bathtubs, and ultra-luxurious modern European finishes. Some will even have outdoor kitchens with gas grills and contemporary indoor fireplaces.

    There will electric vehicle charging stations in the parking structure, guest suites for overnight visitors, a wine tasting room, a pet spa, and a bike storage and repair shop, among a host of other high-end offerings.

    Rooms with a view
    And then, there’s the view. Positioned diagonally on the north side of downtown, The Preston will offer panoramic views of the Central Business District, Market Square Park, Sesquicentennial Park and Buffalo Bayou, as well as long views to The Heights area and beyond.

    “Rotating the building diagonally to Houston’s grid provides wider uninterrupted views from all the residences,” says Jorge Munoz, principal of Munoz + Albin, the project’s design architect. “The massing and geometry of the tower are a response to the building’s immediate context, maximizing long distance views, natural light and direct views of Market Square Park.”

    Sexy, shapely, and in the right spot
    Renderings show a skyscraper with a chunky, funky geometric base, giving way to a sleek, skinny glass tower that rises above the action on the city streets below. If location is the key phrase of real estate, The Preston looks poised to capitalize on its geography.

    Residents can enjoy walkable access to all the amenities of the city center — from the Central Business District, Theatre District and Historic District, offering easy access to major urban, cultural and sports facilities such as the Buffalo Bayou Park system, Discovery Green, Jones Hall, The Wortham Theater Center, Sesquicentennial Park, Minute Maid Park, and the Toyota Center. More than 50 bars and restaurants, including Bravery Chef Hall, Coterie and the soon-to-open Lyric Market, are also within walking distance of the new address.

    The luxe life
    The Preston’s residents will have access to an array of outstanding amenities. In addition to the ones above, the new residence offers a 24-hour concierge; valet parking; 46th-level sky amenity deck capturing panoramic views of the skyline with private resident dining room and catering kitchen; 10th level zero edge pool surrounded by cabanas, daybeds, a yoga lawn and private terrace; state-of-the-art gym with on-demand virtual fitness classes; coworking and conference spaces; multiple social lounges with complimentary beverage and coffee bars; and 6,800 square feet of curated street-level retail and restaurants onsite.

    “Over the past 10 years, downtown’s nucleus has shifted to the north, and Hines new office and residential developments have led the way with projects including 811 Main, 609 Main at Texas and Aris Market Square,” said Kevin Batchelor, senior managing director, Hines. “We look forward to delivering our most impressive residential community to date in this new urban hub. Residents will enjoy a walkable, big-city lifestyle in a living environment that exudes luxury and style.”

    Construction begins next month with completion slated for the third quarter of 2022. Pre-leasing will begin October 2021.

    downtownhigh-rises
    news/real-estate

    housing affordability news

    This is how much Houston home prices have fallen since 2024

    Amber Heckler
    Jan 16, 2026 | 4:30 pm
    16403 Sheffield Run Drive, Houston home for sale
    Estately.com/
    This home at 16403 Sheffield Run Dr. in Houston's Berkshire Oaks neighborhood is on the market for $309,900.

    A new real estate analysis has revealed housing prices across the Southern United States have seen a major large-scale decline from 2024-2025, with Houston homebuyers experiencing the 11th-steepest "price correction" in the region.

    Houston-area buyers have a better chance of purchasing an affordable home this year after prices cooled 1.5 percent from 2024-2025, the study found.

    Online real estate marketplace Zoocasa compared year-over-year median price changes for single-family homes across 20 cities in the South based on local real estate data. The study also looked at housing affordability in the American West, Midwest, and Northeast.

    In Zoocasa's ranking of the Southern cities where affordability is improving the most, Houston ranked No. 11.

    In 2024, the median price for a single-family home in Houston was nearly $340,000, which has since dropped to $335,000 in 2025. Local sellers may not be happy about cooling prices, but it does make housing more attainable for first-time homebuyers.

    Better housing prices will surely attract even more new residents to the area, especially since Houston was the second-hottest destination for movers in 2025, and its suburbs are still booming in popularity.

    "Affordability is on the rise across Texas, with major cities seeing significant price corrections," the report said. "Most importantly for buyers, the median home price in each of these cities remains more affordable than the national median."

    The national median price of a home in the third quarter of 2025 was $426,800, according to the latest information from the National Association of Realtors (NAR).

    Housing affordability elsewhere in Texas
    Dallas was the No. 2 Southern city where housing is becoming more affordable. Dallas-Fort Worth's housing prices fell 5.71 percent from 2024-2025. The median price of a single-family home in North Texas fell from $397,700 to $375,000 during the one-year span.

    In Beaumont-Port Arthur (a metro area east of Houston), housing prices have fallen 4.62 percent year-over-year, making it the metro with the No. 5 steepest price correction in the South. Median home prices dropped to $217,000 in 2025, or $10,500 lower than the year before, the report found.

    Austin's housing prices fell 2.04 percent during the same time span, landing the Capital City in the No. 9 spot. The median price of a single-family home in Austin fell from $437,925 in 2024 to $429,000 last year.

    Surprisingly, San Antonio ranked near the bottom of the list with housing prices increasing by five percent year-over-year. Single-family homes in the Alamo City had a median price just under $300,000 in 2024, which spiked to $315,000 in 2025.

    Housing market predictions in 2026
    Zoocasa predicts the 2026 U.S. housing market is "poised for a steady revival" since mortgage rates have dipped nearly a full percentage point since this time last year. Current interest rates for a a 30-year mortgage are sitting at 6.16 percent, the study said.

    The NAR report additionally found that pending home sales have grown by 2.6 percent year-over-year from 2024.

    "Homebuyer momentum is building," said NAR Chief Economist Lawrence Yun. "The data shows the strongest performance of the year after accounting for seasonal factors, and the best performance in nearly three years, dating back to February 2023."

    The top 10 Southern cities where housing affordability is improving the most in 2026 are:

    • No. 1 – Naples-Immokalee-Marco Island, Florida
    • No. 2 – Dallas, Texas
    • No. 3 – Durham, North Carolina
    • No. 4 – Ocala, Florida
    • No. 5 – Beaumont-Port Arthur, Texas
    • No. 6 – Cape Coral-Fort Myers, Florida
    • No. 7 – Jacksonville, Florida
    • No. 8 – Atlanta, Georgia
    • No. 9 – Austin, Texas
    • No. 10 – Raleigh, North Carolina
    real estatehousing affordabilityreal estate reporthousing prices
    news/real-estate
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