Greenway Plaza

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Greenway Plaza skyline
A typical street sign in Greenway Plaza

Greenway Plaza is a master-planned mixed-use development off U.S. Highway 59 in Houston, Texas, United States, five miles (8 kilometers) west of Downtown Houston and three miles (5 kilometers) east of Uptown Houston. Greenway Plaza is Houston's first totally planned business-commercial-residential complex developed by Kenneth Schnitzer. Greenway Plaza is owned and operated by Cousins Properties[1] (NYSE: CUZ). Most buildings within the Greenway Plaza campus are interconnected by environmentally-controlled bridges, and/or tunnels and covered walkways. Civil engineer Jack Boyd Buckley also worked on the Greenway Plaza design.[citation needed]

The complex, composed of 10 commercial buildings, has more than 4,200,000 sq ft (390,000 m2) of space.[2] Within the complex is the Doubletree Hotel, the Houston City Club, and Tony's - one of Houston's premiere restaurants. The commercial buildings in the complex range from 11 to 31 stories.

Greenway Plaza is located next to Lakewood Church. This facility was formerly called "The Summit" and later "Compaq Center" and hosted the Houston Rockets, a professional basketball team, as well as other sporting teams, concerts, and events. Privately owned residential condominiums are also located near Greenway Plaza, just west of Timmons Lane. The Greenway condominiums consist of two 30-story buildings (14 & 15 Greenway Plaza) located at the southwest periphery of the development.[citation needed]

Coordinates: 29°43′58″N 95°25′54″W / 29.7327°N 95.4318°W / 29.7327; -95.4318

History[edit]

Kenneth L. Schnitzer, the chairperson of the Century Development Corporation,[3] envisioned Greenway Plaza, which became the first mixed-use development in Houston.[4]

Century took realtors from outlying towns around Houston and had them buy individual parcels for very inexpensive prices while trying not to attract attention. One homeowner found out about the plan and asked to have the house sold for $350,000. At the time it was a lot of money for a house that was small. The company paid the money so it could secure the tract the house sat on. The grand opening took place in 1973. Schnitzer said that Greenway Plaza would become a "second downtown".[3] Bill Schadewald of the Houston Press said that Greenway Plaza, which housed office towers, retail operations, a basketball arena, a movie theater, and a hotel, "defined the multiuse concept in an original “Edge City”".[3]

In 1970 the M. W. Kellogg company had moved its headquarters from New York to Houston. After Kellogg moved its operations into Greenway Plaza, initially Kellogg occupied half of 3 Greenway Plaza and staffed the half with fewer than 600 employees. When the energy industry expanded worldwide, Kellogg occupied all of 3 Greenway Plaza and space in an adjacent building. Kellogg's lease on July 1, 1991 was up for renewal; if Kellogg had renewed the lease, its rent payment would have increased. Instead Kellogg decided to swap office space with its parent company, Dresser Industries. Dresser took over a part of Kellogg's lease and renamed 3 Greenway Plaza to the Dresser Tower. After the swap Dresser occupied 163,000 sq ft (15,100 m2) of space on eight floors, while Kellogg continued to lease six floors in the building. In exchange Kellogg took space formerly held by Dresser at the M. W. Kellogg Tower in the Cullen Center in Downtown Houston. The swap satisfied Dresser's need for less space.[5]

In 2004 Crescent attempted to sell a 50% equity position in both Greenway Plaza and Houston Center. During that year, El Paso Corp., a major tenant with 912,000 sq ft (84,700 m2) in Greenway Plaza, announced that it was vacating the property and moving its personnel to its Downtown Houston headquarters. A Houston Business Journal article stated that El Paso was expected to sublease the space until 2014, when its lease will expire.[2]

In 2005 the internet service provider Internet America had offices in Greenway Plaza.[6]

During the afternoon of Monday July 29, 2013, Cousins Properties, a company based in Atlanta, announced that it was buying the entire Greenway Plaza complex and a Downtown Fort Worth office tower. Nancy Sarnoff of the Houston Chronicle stated that Cousins was expected to pay $1.1 billion in cash.[7]

Commercial Office Buildings in Greenway Plaza Complex[edit]

Transportation[edit]

Retail tenants[edit]

  • 12 Greenway Plaza
  • The Shops at Greenway
    • Tuscany Premium Coffee
    • Roman Delight
    • Nestle Toll House Cafe
    • Bango Burgers
    • Alonti Cafe
    • Teppanyaki
    • Texas Chicken
    • Good Eats
    • Village BBQ
    • Village Wraps
    • Cilantro's
    • Plaza Jewelers
    • River Oaks Flower House
    • Greenway Newsstand & Convenience Store
    • Energy One Credit Union

Prior to January 1, 2008, Landmark Theatres operated the Landmark Greenway, an "arthouse" theater inside 5 Greenway. Landmark's lease expired and the Greenway Plaza did not renew the lease. December 31, 2007 was the final day of operation for the theater.[37]

At one time the building housed Rao's Maremma Ristorante.[38]

Gallery[edit]

References[edit]

  1. ^ http://cousinsproperties.com/page/press-release-closes-texas-acquisition
  2. ^ a b Dawson, Jennifer. "Crescent trophies on sales block." Houston Business Journal. Friday May 21, 2004. Retrieved on May 10, 2009.
  3. ^ a b c Schadewald, Bill. "Looking back ‘Then and Now’ at 40 years of Houston business." Houston Business Journal. Friday December 24, 2010. 1. Retrieved on September 13, 2011.
  4. ^ a b c "Crescent Celebrates Greenway Plaza's 40th Anniversary by Honoring Customer Loyalty." Business Wire. June 9, 2007. Retrieved on January 21, 2009.
  5. ^ Stuart, Lettice. "REAL ESTATE; A Big Swap Of Offices In Houston." The New York Times. Wednesday May 15, 1991.
  6. ^ Azevedo, Mary Ann. "Internet America's Dallas presence dwindles." Dallas Business Journal. Friday October 28, 2005. Retrieved on September 25, 2009.
  7. ^ Sarnoff, Nancy. "Greenway Plaza selling to Atlanta company." Houston Chronicle. Monday July 29, 2013. Retrieved on July 31, 2013.
  8. ^ "Contact Us." Buckeye Partners. Retrieved on November 8, 2013. "One Greenway Plaza • Suite 600 • Houston, Texas 77046"
  9. ^ "CompuBank Home Page." CompuBank. Retrieved on July 25, 2010.
  10. ^ "Post Office Location - GREENWAY PLAZA." United States Postal Service. Retrieved on May 26, 2009.
  11. ^ "Contact Info." Transocean. Retrieved on June 21, 2010. "U.S. - Texas - Houston 4 Greenway Plaza Houston, TX 77046 USA"
  12. ^ Home page." Transocean. June 12, 1998. Retrieved on June 21, 2010. "4 Greenway Plaza (77046) P.O. Box 2765 Houston Texas 77252-2765"
  13. ^ "Company Overview." Transocean. June 3, 2004. "Principal U.S. executive offices of Transocean are at 4 Greenway Plaza, Houston, Texas 77046,[...]"
  14. ^ a b "Long-term Greenway Plaza tenant takes over 95,000 more square feet." Houston Business Journal. August 71, 2008. Updated August 15, 2008. Retrieved on November 8, 2013.
  15. ^ http://www.oxy.com/information/pages/contactus.aspx
  16. ^ http://www.parkerdrilling.com/contact.aspx
  17. ^ "Contact." FlightAware. Retrieved on December 4, 2009.
  18. ^ "FlightAware > About FlightAware > Contact Information." FlightAware. July 6, 2008. Retrieved on August 23, 2010.
  19. ^ "North America." China Airlines. Retrieved on February 24, 2011.
  20. ^ "北美洲地區." China Airlines. Retrieved on April 24, 2010
  21. ^ "Branch Offices North America." China Airlines. Accessed September 4, 2008.
  22. ^ "Branch Offices North America." China Airlines. Retrieved on April 24, 2010.
  23. ^ "Districts." Greater Sharpstown Management District. Retrieved on August 15, 2009.
  24. ^ "North America." China Airlines. Retrieved on November 17, 2011. "1639 W. 23rd street, Suite 300 P.O. Box 610065 Dallas-Fort Worth, Texas 75261"
  25. ^ Real estate transactions
  26. ^ "Company Information." Mitsui Oil Exploration Co. Retrieved on August 23, 2010. "MOEX USA Corporation 9 Greenway Plaza, Suite 1220, Houston, Texas 77046, USA" and "MOEX Offshore 2007 LLC 9 Greenway Plaza, Suite 1220, Houston, Texas 77046, USA"
  27. ^ Lipton, Martin and Erica H. Steinberger. Takeovers and Freezeouts, Volume 2. Law Journal Press, 1978. "C-71." Retrieved from Google Books on August 23, 2010. ISBN 1-58852-005-6, ISBN 978-1-58852-005-0
  28. ^ Invesco downsizes at Greenway Plaza
  29. ^ PBK - Contact Us
  30. ^ Home page. Cultural Division, Taipei Economic & Cultural Office in Houston.
  31. ^ "Branch Offices North America." China Airlines. January 28, 1999. Retrieved on June 14, 2009.
  32. ^ Additional Expansions & Relocations
  33. ^ "Houston Chamber Re-Invents Itself after 61 years with a New Image" (Archive). Houston Metropolitan Chamber. January 7, 2011. Retrieved on April 23, 2014.
  34. ^ "Contact Us." Houston Metropolitan Chamber. Retrieved on April 23, 2014. " Houston Metropolitan Chamber 12 Greenway Plaza Suite 1100 Houston, TX 77046 "
  35. ^ Amerigroup Inks Deal at Greenway Plaza
  36. ^ "Retail Directory." Greenway Plaza. Retrieved on April 24, 2010.
  37. ^ Leahy, Jennifer and Lisa Gray. "Houston's landmark Greenway Theatre to close." (Archive) Houston Chronicle. December 25, 2007. Retrieved on April 23, 2010.
  38. ^ Staff. "Around Houston." Houston Chronicle. Thursday March 26, 1992. Houston 7. Retrieved on February 4, 2012.
  39. ^ http://web.archive.org/web/20030621215220/www.landmarktheatres.com/market/Houston/GreenwayTheatre.htm

External links[edit]