Dow To Anchor Forthcoming CityCentre Six Office Tower
Midway has broken ground on the CityCentre Six office tower and named the previously secret tenant set to lease most of the building’s 308K SF.
Dow, a materials science company, will anchor the 320K SF, 19-story building in Midway’s west Houston mixed-use complex, CityCentre, Midway said in a news release Friday.
“Dow's commitment as the anchor tenant has been a driving force behind the project's strong momentum and underscores the strong leasing demand for CityCentre office space, which remains 100% leased,” Chris Seckinger, vice president of investment and development at Midway, said in the release.
“Their presence not only confirms the tower's status as a premier business destination but also reflects the confidence leading enterprises have in our vision for the district.”
Dow leased a substantial portion of the building's office space for its Houston Dow Center, according to Midway. Houston Dow Center's current address is 1254 Enclave Parkway in the Energy Corridor, according to its website.
The groundbreaking significantly increases Houston’s office construction pipeline, according to CBRE data showing 546K SF of offices were under construction in the fourth quarter. With the delivery of 1550 on the Green in Downtown Houston, that number would be down to 167K SF.
Houston is experiencing an all-time-high office vacancy rate, but with CityCentre’s offices fully leased, vacancy in the Katy Freeway submarket sits at just 6.8%, according to CBRE.
CityCentre Six will have up to 100K SF available for lease beyond Dow’s tenancy. The building will also include about 12K SF of retail and dining on the ground floor, according to Midway. The tower will sit on a nine-level parking structure.
The new building will be adjacent to Marathon Oil’s headquarters at 990 Town and Country Boulevard, which Hines completed in early 2022. Midway master-planned both buildings around a half-acre urban plaza.
CityCentre Six will “elevate the standard for Class-A office space in Houston” and enhance the pedestrian-focused master plan of the CityCentre district, Seckinger said in the release.
The project has long been discussed and will cost about $87.5M, the Houston Business Journal reported, citing a Texas Department of Licensing and Regulation filing.
It is slated for completion in early 2026.
