(HOUSTON) – Hines and Ivanhoé Cambridge, international real estate firms, along with WiredScore, announced today that Texas Tower, the 47-story, one-million-square-foot office tower under development in Houston, has achieved the designation of Wired Certified Platinum.
Texas Tower is the first Wired Certified Platinum ground-up development in Houston, confirming the office project’s user-centric focus. A secure, reliable and fast internet connection is one of the top factors sought after by tenants — as well as a crucial pillar in the tenant experience. Texas Tower will have the capacity to accommodate any tenant connectivity requests, as well as offer maximum redundancy to decrease the chance of downtime and have multiple internet service options for primary and back-up connections.
Texas Tower’s certification continues the track record of Hines and Ivanhoé Cambridge project developments that have received designations for their focus on optimizing the experiences of individuals, such as River Point (Chicago) and CIBC SQUARE (Toronto).
“Texas Tower delivers on an entirely different level with environments that work as hard—and as smart—as its tenants. The building is designed for robust IT connectivity and redundancy as well as readiness to improve as technology evolves. We believe this differentiates us from other offerings,” said Hines Senior Managing Director John Mooz.
“Texas Tower combines innovation and forward-thinking infrastructure to help tenants stay connected to their colleagues, community and clients — anytime, from anywhere within the building. A Wired certification confirms our offer of total, reliable connectivity and our focus on helping our partner tenants in their efforts to continuously meet their employee needs,” said Jonathan Pearce, Executive Vice President, Leasing and Development, Office and Industrial, North America at Ivanhoé Cambridge.
Designed by Pelli Clarke Pelli, Texas Tower will aim to reduce energy consumption without compromising tenant comfort, to achieve the highest sustainability, connectivity and wellness standards — LEED® Platinum, WiredScore Platinum and WELLTM v2 Building Standards, respectively. Construction of Texas Tower kicked off in July of 2018. Already 33% leased, the building is scheduled to open in late 2021.
About Ivanhoé Cambridge
Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a view to generate long-term performance. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint.
Vertically integrated in Canada, Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,000 buildings, primarily in the industrial and logistics, office, residential and retail sectors. Ivanhoé Cambridge held close to C$65 billion in assets as at December 31, 2018 and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com
About Hines
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 219 cities in 23 countries. Hines has approximately $124.3 billion of assets under management, including $63.8 billion for which Hines provides fiduciary investment management services, and $60.5 billion for which Hines provides third-party property-level services. The firm has 148 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,362 properties, totaling over 449 million square feet. The firm’s current property and asset management portfolio includes 514 properties, representing over 222 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.
About WiredScore
WiredScore is the organization behind Wired Certification, the internationally recognized digital connectivity rating system for commercial real estate that helps landlords design and promote their buildings' great digital connectivity to tenants.
Over 5 million tenants in more than 2,000 buildings globally trust Wired Certification as the benchmark for internet that meets their needs. For more information on Wired Certification or to find Wired Certified buildings, visit: https://wiredscore.com/en/.
