Construction Of The Allen Mixed-Use Development Is Underway
Construction of The Allen, a $500M mixed-use development overlooking Buffalo Bayou Park near Downtown Houston, is well underway.
The project, situated on 6 acres at the southeast corner of Allen Parkway and Gillette Street, broke ground in November. Eventually, the site will hold a 34-story tower with 99 luxury condominiums and a 170-room hotel.
A lifestyle pavilion is also planned for the property and will be the first part of the project to deliver in 2021.
Developer DC Partners CEO Roberto Contreras told Bisnow that the main construction of The Allen Lifestyle Pavilion will be completed by the first quarter of 2021, and tenant build-outs will then commence. The pavilion is expected to open to the public in Q3 2021.
The 62.1K SF building will include retail and a ground-floor restaurant with a patio overlooking Buffalo Bayou Park, a two-story fitness club, and a rooftop restaurant and lounge area with views of Downtown Houston. The pavilion was 80% pre-leased prior to construction, and leasing for the remaining space is underway.
Completion of the hotel and residential tower will take longer. That part of the development is slated for completion in the first half of 2023, the developer confirmed.
The Allen is the first mixed-use project in Houston that features both condominiums and a hotel since the Four Seasons hotel in Downtown Houston was completed in 1982. The hotel will be overseen by Thompson Hotels, a boutique subsidiary company of Hyatt Corp. The Thompson Houston hotel will occupy floors 1-15 of the tower, while condos will fill floors 16-34.
By building The Residences at The Allen, DC Partners is aiming to cater to the underserved luxury condo segment of the market in Houston. The company told Bisnow that so far, 20% of units have been sold, mostly to Houston-based buyers. One-bedroom condos start at $563K, while penthouses start at $2.4M.
The Allen is one of several new infill developments underway in the Buffalo Bayou/Montrose area that are expecting to bring further residential and retail density to the already-popular inner-Houston neighborhood.
The site includes a 2.9K SF sales center, which showcases two full-scale kitchens, two bathrooms and a walk-in closet. Customers are able to do walk-throughs of prospective condos using virtual reality software and select custom finishes from an array of samples.
G.T. Leach Construction is the general contractor for the development. HOK led the site plan and architecture, while interiors for the hotel and the condos were designed by Abel Design Group. TQ RED and Westmont Hospitality Group are investors in the project.
