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    Changing Houston

    New $76 million downtown building to promote Houston — and continue the Discovery Green frenzy

    Barbara Kuntz
    Aug 5, 2014 | 4:12 pm

    Houston's business and tourism champions are upgrading their presence with a new 10-story building just north of the George R. Brown Convention Center, which will include a parking garage, a 2,000-square-foot terrace overlooking Discovery Green, retail space at street level below and along streetscapes at the GRB and the foundation to support a possible future boutique hotel on top of it.

    The $76 million building, to be called the Greater Houston Partnership Building, is to become the home for the GHP and other tenants such as Houston First Corp., the Greater Houston Convention and Visitors Center and Center for Houston's Future.

    The GHP will occupy the two top floors, which includes the terrace. A sky bridge will connect the parking garage to the convention center. Plans for retail space on the street level of the building and along Avenida de las Americas at the GRB are being considered. Both the building and parking garage are bounded by Rusk, Capitol, Avenida De Las Americas and U.S. 59.

    Construction is set start this fall, with completion of the office building and garage scheduled for December 2015.

    Houston First and the GHCVB aligned in June to encourage "collaboration and a consistent, cohesive vision for the Houston product," according to a release issued at that time.

    The new building joins the construction of a new $266 million, 1,000-room Mariott Marquis on Avenida de las Americas between Rusk and Walker streets, which broke ground in April. The hotel, in addition to featuring more than 166,000 square feet of meeting, banquet and exhibition space, will include amenities such as a resort-style deck, an infinity pool and a Texas-shaped lazy river for outdoor activities.

    The Marriott Marquis Houston, located on 2.6 acres adjacent to the convention center, is scheduled to open in the summer of 2016 — in plenty of time before the 2017 Super Bowl hits Houston.

    unspecified
    news/real-estate

    luxury real estate

    Houston had 2nd-highest share of luxury home sales in Texas in 2025

    Amber Heckler
    Jan 9, 2026 | 9:15 am
    10106 Meadow Lake Lane, Houston luxury home for sale
    Estately.com/
    This home at 10106 Meadow Lake Ln. in Houston's Briargrove Park neighborhood is on the market for $1.95 million.

    A new luxury real estate report reveals Texas broke a record for the highest number of million-dollar homes sold from November 2024 to October 2025, and the Houston-Pasadena-The Woodlands metro boasted the second-largest share of million-dollar home sales statewide.

    A total of 14,418 Texas homes were sold for at least $1 million last year, generating a record-breaking $24.5 billion, according to Texas Realtors' 2025 Texas Sales of Million-Dollar Homes Report. The number of luxury home sales in the state soared 12 percent compared to the previous year.

    Million-dollar home sales in the Houston metro made up 27 percent of all luxury home sale transactions in Texas during the 12-month period, the report found. The total sales dollar volume of Houston-area homes that sold for $1 million or more added up to about $6.8 billion last year, or about $1.1 billion more than it did during the previous period from November 2023 to October 2024.

    Nearly 3,950 million-dollar homes were sold in the Houston region at an average price of $379 per square foot. For comparison, the average price per square foot for all residential homes in the metro was $176.

    Both figures are lower than the statewide average, according to Texas Realtors.

    "The average price per square foot of $1 million+ homes increased to $423 from $418 last year and was more than double the $188 average price per square foot of all Texas homes," the report said.

    Houston also had the second-highest median closing price for its million-dollar homes statewide, at about $1.39 million.

    Furthermore, Houston's luxury homes are significantly larger the typical residential home in the metro. A million-dollar home in the metro spanned 4,397 square feet, compared to 2,115 median square feet for all residential homes.

    "High-end homes continue to be a small but mighty segment of the market," said Texas Realtors chairman Jennifer Wauhob in a press release. "Texans remain confident in the value of these properties, whether they are drawn to outstanding amenities, prime locations, or both."

    Elsewhere in Texas, Dallas-Fort Worth Arlington saw the No. 1 highest share of million-dollar home sales in Texas, at 38 percent, followed by Austin-Round Rock-San Marcos (19 percent), the rest of Texas (11 percent), and San Antonio-New Braunfels (5 percent).

    housing marketmillion dollar homesluxury real estatetexas realtors
    news/real-estate
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