This story was originally published in Multifamily Executive.
Yesterday, local investment and management company McNair Interests announced plans to transform a vacant 6-acre site in Houston’s Uptown District into a luxury mixed-use project. The centrally located project will feature a Rosewood Hotel with luxury residences, a multifamily tower, Class A office tower, dining concepts, upscale retail, green gathering spaces, and parking.
“This is a defining development for McNair Interests and the city of Houston,” says Cary McNair, chairman and CEO of McNair Interests. “Our vision redefines the southernmost entrance of Post Oak Boulevard and the Uptown District, fusing a distinctive, sophisticated design with Houston’s future. We are excited for what this project will bring to our city and to visitors from around the world.”
The Rosewood Hotel will encompass 150 hotel rooms and 80 luxury residences, plus dining, ballroom and banquet facilities, meeting and event spaces, a Rosewood signature Spa, and an outdoor pool and fitness center.
“As the birthplace of Rosewood Hotels & Resorts, the state of Texas holds a special place in the Rosewood legacy,” says Sonia Cheng, CEO of Rosewood Hotel Group. “We are delighted to launch this special property alongside McNair Interests to offer Rosewood’s affluential explorers an urban retreat in the heart of Houston.”
The project is being designed by internationally renowned architecture firm Skidmore, Owings & Merrill, and will be managed by the Patrinely Group. Construction is expected to begin in 2019, and completion is slated for 2023.
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