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    proud heritage

    Iconic downtown Houston tower reveals shimmering new makeover

    Steven Devadanam
    Jun 28, 2021 | 11:40 am
    Heritage Plaza downtown Houston Bagby
    Heritage Plaza's transformations are complete.
    Photo by Peter Molick/Brookfield Properties

    A major downtown complex has just received a fresh makeover. Heritage Plaza, the tower located at 1111 Bagby St. is unveiling a clean, modern new design to tenants and visitors thanks to a sweeping makeover courtesy of Houston-based Kirksey Architecture.

    As CultureMap previously reported, construction began in October 2019 with O’Donnell/Snider Construction serving as the general contractor.

    Key elements of the renovation, per press materials provided by developer Brookfield Properties, include:

    • A reconceptualized arrival experience with a new exterior glass curtain wall at the corner of Dallas and Brazos Streets.
    • A reimagined plaza featuring completely refreshed landscaping, new pavers and integrated seating.
    • A reprogrammed lobby with all new finishes and elements that greatly improve sight lines.
    • A modern social stair with flexible sitting areas that encourage pockets of activity where tenants and visitors can sit, relax, work and congregate.
    • A revamped sky lobby with an exterior patio, located on the 13th floor, highlighting a completely unobstructed view overlooking Buffalo Bayou Park and beyond.
    • Updated interior finishes and fixture upgrades throughout the main and sky lobbies featuring new furniture, eucalyptus wood walls, and new tile flooring with bronze accents.
    • New tenant amenities including a boardroom-style conferencing space and collaborative seating area on the sky lobby level, as well as significant upgrades to the large, ground-level conferencing center, including state-of the-art A/V technology.
    • Upgraded fitness workout room at the mall level.

    Those familiar with this particular area downtown should note that Heritage Plaza features a skybridge connection to the C. Baldwin, providing tenants with access to the hotel’s retail and food and beverage offerings, including Guard and Grace, Paloma Nails, and Sloan/Hall.

    “The delivery of Heritage Plaza serves as a major milestone moment for our Houston portfolio,” said Travis Overall, executive vice president and head of the Texas region for Brookfield Properties, in a statement. “We have spent the last five years transforming our Houston assets into best-in-class work environments that offer unmatched amenities and destination retail. The renovations are reflective of the changing workforce and meet the needs of current and future tenants.”

    downtownhigh-rises
    news/real-estate

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    REAL ESTATE NEWS

    More Houston homeowners are becoming 'accidental landlords,' study finds

    Brandon Watson
    Mar 18, 2026 | 10:30 am
    For Lease Real Estate Sign Hangs in Front Yard of House
    Getty Images
    An increasing number of San Antonio homeowners are bcoming "accidental landlords"

    Houston homeowners unable to sell their properties are increasingly becoming “accidental landlords,” according to Zillow. The real estate marketplace’s newest analysis says that 4.2 percent of its local for-sale listings recently converted to rentals, making the Bayou City the second-worst U.S. city for the market trend.

    Only Denver (4.9 percent) ranks higher, with Austin (4.1 percent) and San Antonio (3.9 percent) not far behind. Seven of the top 10 metros are in Texas or Florida.

    Zillow senior economist Kara Ng says today's dynamic is driven by choice rather than panic. Homeowners aren't being forced to sell; they're simply unwilling to accept what the market will actually pay.

    "As the market continues to rebalance, sellers are facing a different reality than they did a few years ago," Ng said in a statement. "Bargaining power is tilting toward buyers, and homes are taking longer to sell, making renting out a property one way to buy time rather than compete aggressively on price. After all, today's sellers are rarely forced to sell, and it appears they are often unwilling to budge off of what their heart says their home is worth."

    Nationally, the trend is nearing a record high. 2.3 percent of all Zillow rental listings were recently for-sale properties, second only to November 2022, when mortgage rates had doubled in a single year, and sellers were scrambling. That spike was shock-driven, but now stubbornness is likely fueling the shift.

    Single-family homes make up the largest share of accidental landlord properties, but condos are seeing the fastest rise. Metros with the hottest buyer competition, including Boston, New York City, and Providence, Rhode Island, have the lowest accidental landlord rates.

    For both local buyers and sellers, Goldilocks thinking is increasingly the norm. Sellers, especially those who bought during the COVID-19 boom, are holding their asking price firm to avoid taking a loss. Buyers, for their part, are refusing to compromise on concessions and repairs.

    Meanwhile, the city's rental market keeps getting larger. In 2025, rental listings website Point2Homes placed the Houston area among the top 10 U.S. metros building the most new homes for rent.

    home marketrentinghome ownershipzillowrankingsreal estate
    news/real-estate
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