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Inventory Intel: Iconic Houston high-rise undergoes transformation

by Kerrie Kennedy

What was once one of the tallest residential high-rise buildings in Houston is being reimagined with modernized residences and high-end amenities at a price point for currently unrepresented in Houston’s condo market.

When complete, The Parklane, an iconic 35-story building high above Hermann Park in the Museum District, will feature 195 residences with prices starting from the $300s.

“We built The Parklane in 1983 and were one of the first to introduce high-rise residential living to Houston’s thriving Museum District,” said Tema Development Vice President Nadim Zabaneh in a press release. “We came to realize there was a niche in the market with a price range conducive to all buyer types, including first-time homebuyers, real estate investors, second homeowners, and empty nesters. This drove our decision to convert rental residences into condominiums. Already some of our residents have jumped at the chance to purchase their units.”

Houston-based Mirador Group is serving as architect, interior designer and landscape architect for the project.

“Our design approach is to stay true to the roots of this contemporary building and incorporate timeless elements,” said Mirador Group Principal Jerry Hooker in the press release. “The material palette is warm, very classic, and all stone. The lobby renovation is going to be quite impressive as well. It is a unique space, especially for Houston, given the scale of the space, and the height of the ceiling.”

The light-filled residences will feature high-end finishes, floor-to-ceiling windows, and private balconies to maximize the building’s panoramic views.

Community amenities include a 24-hour concierge and valet service; resort-style pool and cabanas; outdoor grills and entertaining area; fitness center; tennis court; reserved parking with electric vehicle charging stations; business lounge; and shuttle bus transportation to the Texas Medical Center and Light Rail.

In addition to The Parklane, Tema Development owns One Hermann Place, a seven-story apartment mid-rise, as well as the recently announced 32-story apartment tower Two Hermann Place. “We are bullish on this charming and historical area of Houston,” said Tema Director of Development Haytham Haidar. “In 1980, we purchased 8.5 acres of the master-planned site, which includes The Parklane. We have always recognized the uniqueness of an urban residence in a parklike setting and are proud to continue enhancing the area with best-in-class residential options.”

The reconstruction of residences began in January 2020, with a portion of residences currently ready for move-in. The renovation of all 195 residences is slated for completion in December 2021.

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Comments

  • Pamela Fitzgerald says:

    I have a client interested in viewing The Parklane. How can I contact someone concerning sales?

    Thank you!
    Pamela Fitzgerald
    Go Up Real Estate
    501-581-2607

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