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Greenway Plaza skyline
Greenway Plaza
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 the late Kenneth Schnitzer. Greenway Plaza is owned and operated by subsidiaries of Crescent Real Estate Equities Co. (NYSE: CEI). Most buildings within the Greenway Plaza campus are interconnected by environmentally-controlled bridges, and/or tunnels and covered walkways. The late civil engineer Jack Boyd Buckley also worked on the Greenway Plaza design.

The complex, composed of 10 commercial buildings, has more than 4.2 million square feet (395,000 m²) of space.[1] Within the complex is the Renaissance Hotel Houston, 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.

Prior to January 1, 2008, Landmark Theatres operated the Landmark Greenway, an "arthouse" theater inside 5 Greenway. Landmark's leased expired and the Greenway Plaza did not renew the lease. December 31, 2007 was the final day of operation for the theater. [2]

Greenway Plaza is located next to the City owned arena occupied by the Lakewood Church. This arena 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.

It is located at about 29°43′58″N 95°25′54″W / 29.7327°N 95.4318°W / 29.7327; -95.4318.

Contents

History

Kenneth L. Schnitzer envisioned Greenway Plaza, which became the first mixed-use development in Houston.[3]

In 1970 the M. W. Kellogg company moved its headquarters from New York to Houston in 1970. 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 square feet (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.[4]

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 square feet 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.[1]

In 2005 the internet service provider Internet America had offices in Greenway Plaza.[5]

Commercial Office Buildings in Greenway Plaza Complex

The following neighboring buildings are considered to be in the Greenway sub-market and are owned and operated independently from Greenway Plaza.

Tenants

3 Greenway Plaza: Cogent[11] The Shops at Greenway

Media

The Houston Chronicle is the area regional newspaper.

The River Oaks Examiner is a local newspaper distributed in the community containing the condominium complexes [1].

Gallery

See also

References

  1. ^ a b Dawson, Jennifer. "Crescent trophies on sales block." Houston Business Journal. Friday May 21, 2004. Retrieved on May 10, 2009.
  2. ^ "Houston's landmark Greenway Theatre to close," Houston Chronicle, December 25, 2007
  3. ^ a b c "Crescent Celebrates Greenway Plaza's 40th Anniversary by Honoring Customer Loyalty." Business Wire. June 9, 2007. Retrieved on January 21, 2009.
  4. ^ Stuart, Lettice. "REAL ESTATE; A Big Swap Of Offices In Houston." The New York Times. Wednesday May 15, 1991.
  5. ^ Azevedo, Mary Ann. "Internet America's Dallas presence dwindles." Dallas Business Journal. Friday October 28, 2005. Retrieved on September 25, 2009.
  6. ^ "Post Office Location - GREENWAY PLAZA." United States Postal Service. Retrieved on May 26, 2009.
  7. ^ "Branch Offices North America." China Airlines. Accessed September 4, 2008.
  8. ^ "Contact." FlightAware. Retrieved on December 4, 2009.
  9. ^ Home page. Cultural Division, Taipei Economic & Cultural Office in Houston.
  10. ^ "Branch Offices North America." China Airlines. January 28, 1999. Retrieved on June 14, 2009.
  11. ^ a b "Retail Directory." Greenway Plaza. Retrieved on August 23, 2009.
  12. ^ http://web.archive.org/web/20030621215220/www.landmarktheatres.com/market/Houston/GreenwayTheatre.htm

External links

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