The rumor was first reported in Swamplot, which cited its own sources.
“Hines is planning to build either a 20- or 22-story apartment tower on the entire city block in the Museum District,” wrote Allyn West in a story published last Wednesday.
A house currently sits at the corner of Caroline and Southmore, across from the Asia Society Texas Center. A Swamplot source says that three of the four property owners on the block have agreed to sell to Hines, who will assume ownership of the properties on July 1st.
The Swamplot story was subsequently picked up by Houston CultureMap, who contacted Hines’ Senior VP of Corporate Communications, George Lancaster to comment on the rumor. Lancaster described plans to develop a high-end residential multifamily project on the land adjacent to the Asia Society Texas Center. However, he explained that Hines currently does not own the house pictured in Swamplot’s story (also pictured here, top left) or the land that it sits on.
Lancaster also told CultureMap that his company would need to build something “great looking” to complement the Asia Society Texas Center and that the site location would be a “desirable place to live.”
This is definitely one to keep an eye on.