Provident Realty Advisors Completes $95M Multifamily Redevelopment of the Former Texaco Building in Houston
HOUSTON — Provident Realty Advisors has completed the redevelopment of the former Texaco building in Houston as a luxury multifamily complex. The project costs were estimated at $95 million.
The skyscraper, located at 1111 Rusk St., has been a historic landmark in Houston since its completion over 100 years ago. The 410,000-square-foot property was built in 1915, but has been vacant since 1989. The founders of Texaco originally commissioned the building, which the famed New York architectural firm Warren & Wetmore designed, according to the Houston Chronicle.
The newly opened space, rebranded as The Star, offers 286 units ranging from 730 to 1,730 square feet with 21,000 square feet of street-front retail.
The property features one- and two-bedroom units with bed-to-bath parity. Community amenities include a hotel-style lobby lounge, complimentary coffee and snack bar, 24/7 concierge and free valet services.
Beginning this spring, the property will also offer a fitness center with on-demand cardio and spin classes; resort-style courtyard with heated pool, summer kitchen, gas grills and cabanas; climate-controlled storage area; media/theater room; covered dog run and grooming station; and business center.
The 16th floor of the building will feature a recreation area including a two-story foyer, club room, commercial demonstration kitchen, event space, billiards and television pods leading out to a covered lounge with a television and fireplace.
A nine-story parking garage will also be available to residents, offering 685 controlled access parking spaces, a second valet point and bike storage.
Houston-based Fein has been tapped to oversee leasing and management of the space, and is actively marketing the apartments. The first resident move-ins began late last month.
— Katie Sloan