Hines’ Development of New Downtown Houston Skyscraper on Former Houston Chronicle Site

Baker Botts represented Hines on the deal

Hines and Ivanhoe Cambridge entered into a partnership to develop a 47-story, 1M SF office tower on the 800 block of Texas Avenue, formerly the Houston Chronicle site, near Milam, Prairie and Travis streets. The building is slated to open in 2021. Construction financing was provided by New York Life Real Estate Investors, a division of NYL Investors LLC. Vinson & Elkins will occupy the top seven floors, and Hines will move its own global headquarters to the building.

Baker Botts represented Hines in connection with the partnership with Ivanhoe Cambridge and represented the joint venture in connection with the construction financing.

Baker Botts advised Hines with a team including Jon Dunlay (Picture, Dallas); Paul Landen (Partner, Houston); Kim Schlanger (Partner, Houston); Brayton Dresser (Special Counsel; New York); Claire Fernandez (Associate, Houston); Nina Culotta (Associate, Houston).

Involved fees earner: Jonathan Dunlay – Baker Botts; Paul Landen – Baker Botts; Kimberly Epstein Schlanger – Baker Botts; Brayton Dresser – Baker Botts; Claire Fernandez – Baker Botts; Nina Culotta – Baker Botts;

Law Firms: Baker Botts;

Clients: Hines;

Author: Ambrogio Visconti