MEDIA CONTACTS Angie Bertinot / Central Houston
[email protected] / 713-650-3022 Whitney Radley / The CKP Group
[email protected] / 832-930-4065 x 106 FOR IMMEDIATE RELEASE JANUARY 19, 2021 DOWNTOWN HOUSTON DEVELOPMENT CONTINUES DESPITE COVID-19 More than $1.9 billion in construction projects currently underway with more on the horizon HOUSTON, TX — While the Greater Houston Area begins to recover from the COVID-19 pandemic, Downtown Houston has shown its trademark resilience and grit in the face of the unexpected. Over the past year, office employees have adapted to working from home, hospitality groups have rolled out new services options and staycations, residential properties have adopted technology to conduct virtual space tours and the construction sector has continued grow. More than $1.9 billion in construction projects are currently underway in Downtown Houston, an area defined by IH-45 to the west and south, Highway 59 to the east and IH-10 to the north. “In recent years, Downtown Houston has transitioned from a central business district to a prime destination to live, work, play and stay,” said Bob Eury, president and CEO of the Houston Downtown Management District. “While the pandemic has resulted in some set- backs, we’re seeing confidence in the market: businesses and office employees have adapted to the new normal with agility, developers are leveraging the opportunity to maximize construction across all sectors and the area remains a culinary and cultural destination for Houstonians and visitors.” Office Projects Downtown Houston remains a dynamic business center with a workforce of approximately 158,000 employees and more than 51 million square feet of office space.