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    City Changer

    New convention hotel brings talk of a sweetheart deal, a Texas-shaped pool & anurban look

    Tyler Rudick
    Dec 17, 2012 | 11:37 am
    • Construction on the new Marriott Marquis is slated to begin in 2014 and has aprojected completion date of spring 2016.
      Rendering courtesy of Morris Architects
    • Designed by Houston firm Morris Architects, the hotel will build off the successof Discover Green and concentrate on fostering public space.
      Rendering courtesy of Morris Architects
    • Oh yeah . . . and the Marriott will have a pool shaped like Texas.
      Rendering courtesy of Morris Architects
    • A public plaza will mark the hotel entrance, breaking from the traditional darkvehicle drop-off zones of yore.
      Rendering courtesy of Morris Architects
    • In the next decade, developers hope the project will transform the area into oneof the nation's top convention destinations.
      Rendering courtesy of Morris Architects

    In a effort to create more hotel rooms within walking distance of the George R. Brown Convention Center, Houston city council is blessing a deal to build a new Marriott Marquis on Avenida de las Americas between Rusk and Walker.

    Situated across from Discovery Green, the $266-million hotel will be connected via skyway to the convention facility, bringing 1,000 rooms to an area long short on lodging space.

    Officials with the RIDA Development Corporation and city government group Houston First Corporation — the entities leading the project — say that the building will produce more than 1,800 construction jobs, as crews break ground in 2014. When the hotel opens in spring 2016, another 700 jobs are expected to be added to the local hospitality industry.

    Directly north of the GRB between Rusk and Capital, Houston First will build a parking garage with 1,800 spaces to accommodate guests and downtown visitors.

    According to company vice president of acquisition Luke Charlton, RIDA proposed one of the lowest municipal incentive packages of the 11 bidders on the hotel development. City council members approved the following for RIDA:

    • $27 million in grant money from the city
    • $31.7 million land donation from Houston First, which will purchase the site from the city
    • city rebates for sales, hotel, property and beverage taxes for the next 20 years (not including METRO and ISD taxes)
    • state rebates for sales and hotel taxes for next decade
    • RIDA will lease garage space from Houston First for roughly $1.2 million a year
    • RIDA will own the building

    "While Houston is the fourth largest city in the country, it doesn't have the reputation as a convention destination," Charlton says. "With the Marriott, though, we hope to get meeting planners to see the city in a new light. Building on the work Houston First has done throughout the GRB area like Discovery Green, we plan to truly elevate the city into the national convention market."

    Different times

    Critics of the Marriott package frown upon the idea of handing over $58.7 in cash and land incentives to RIDA — noting that, a decade ago, the city funded a GRB expansion, the Hilton-Americas and Discovery Green using $316 million in public bonds without offering tens of millions in direct grants to developers.

    Houston First CEO of hotels Peter McStravick tells CultureMap that the city corporation is in a different place than it was in the early 2000s.

    "While are current financials are strong, we simply don't have the same collateral as we did ten years ago," McStravick says. "All of our bond leverage is still locked up in the Hilton-era projects, which is why we needed a developer to front a significant portion of the funding."

    The total Marriot project is projected to cost roughly $324 million, according to McStravick. Of that, RIDA will pay the $266 million to build the hotel with the city balancing out the rest with its $58.7 in cash and land incentives.

    Preliminary designs

    Leading the design of the new building is Houston firm Morris Architects, which will work with both RIDA and Marriott throughout 2013 to devise a welcoming environment that meshes with the surrounding cityscape.

    "This can't just be another 1,000 rooms. The project needs to transform the area and feeling around the convention center," architect Doug Childers says. "This is a very open urban hotel, rather than a closed-off island."

    "We've decided to design the hotel from the ground level up, making sure the busy public area will connect with the park both visually and literally."

    As such, an open public plaza across from Discovery Green will mark the hotel entrance rather than a dark vehicle drop-off zone.

    "We've decided to design the hotel from the ground level up, making sure the busy public area will connect with the park both visually and literally. The building will have activity on all four corners with a sports bar, coffee shop, restaurant and possibly a local retail space."

    As an added bonus, future Marriott guests will get to experience firsthand what is sure to be one of the city's kitschiest landmarks to date . . . a gigantic swimming pool in the shape of Texas.

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    millennial magnet

    Houston stars among 30 hottest U.S. metros for millennial homebuyers

    Amber Heckler
    Jul 20, 2026 | 1:30 pm
    Houston neighborhood
    Photo by Jose Losada on Unsplash
    Houston is a millennial magnet.

    Houston and its surrounding cities have already proved to be magnets for millennials, and now a new national housing report has established the city as one of the 15 hottest destinations for millennials, whose local homeownership rate has nearly doubled since 2018.

    The number of millennials who own their homes in Houston has grown from 227,365 to 418,698 households over the last five years (84.2 percent), according to a new housing analysis from RentCafe.

    The study compared homeowner growth rates versus renter growth rates of millennials — based on Pew Research Center's definition as individuals born between 1981 and 1996 — across 107 U.S. metro areas from 2018 to 2023.

    Houston ranked No. 29 in the overall list of U.S. metros that have seen the highest increase in millennial homeowners since 2018. About 49 percent of all Houston-area millennials own their homes, with the remaining 51 percent renting, the report found.

    Houston also ranked 22nd in the national list of cities with the biggest growth rates among millennial-age renters. The number of millennial renter households jumped from 397,410 to 439,371 in five years, a 10.6 percent hike.

    About 5.3 million millennials have become homeowners over the last five years nationwide, RentCafe's analysts said, which represents a massive 74 percent increase in millennial-owned households. The growth rate of renters was much lower in comparison.

    "At the same time, the number of millennial renters in the U.S. rose by a modest 5 percent, adding approximately 600,000 households," RentCafe said. "This brings the total number of millennial homeowner households to 12.4 million, close to the 12.6 million millennial renter households."

    While the rate of millennial homeowners is on the rise, the same can't be said for Gen Zers. Less than 15 percent of all Gen Z households in Houston own their homes, while the vast majority are renters, a separate RentCafe study found.

    Elsewhere across the state, Austin (No. 7) and San Antonio (No. 10) ranked among the top 10 U.S. cities with the biggest growth rates among millennial homeowners.

    The top 10 U.S. metros with the highest gains in millennial homeowners are:

    • No. 1 – North Port, Florida
    • No. 2 – Lakeland, Florida
    • No. 3 – Jacksonville, Florida
    • No. 4 – Stockton, California
    • No. 5 – Oxnard, California
    • No. 6 – Palm Bay, Florida
    • No. 7 – Austin, Texas
    • No. 8 – Tuscon, Arizona
    • No. 9 – Deltona, Florida
    • No. 10 – San Antonio, Texas
    rentcafestudyreal estatehousing reportmillennialshouston
    news/real-estate

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