LETTER FROM OUR CEO
Dear Readers,
I am delighted to present our latest Quarterly Market Report for Downtown Houston. As we reflect on Q2 2024, it becomes evident that our collective efforts are not only maintaining but also propelling our community towards greater prosperity and resilience. With continued growth in visitation, residents, and return-to-office rates, Downtown’s performance over the quarter proved to be positive – despite the bizarre and unforgettable weather event in May.
That storm, now called the “derecho event” caused significant impacts to a cluster of office properties on the west side of Downtown. The derecho’s high winds damaged exterior glass and toppled trees and traffic signals. The unusual physical damage also prolonged the recovery process, as protecting public safety was prioritized while getting operations back to normal. With the public safety concerns resolved, only a few weeks after the storm, impacted buildings were reopened and welcomed back their workforces.
Aside from the weather emergency, Downtown continues to flourish as a dynamic hub of commerce, culture, and community. From new business openings to impactful community events, each investment underscores our dedication to fostering an environment where both residents and businesses thrive. To support Downtown’s future, DTH+ advanced several transformative efforts during Q2 2024. These include major investments in developing and implementing storefront recruitment and placemaking plans, and advancing Main Street as a one-of-a-kind regional entertainment destination that
enhances connectivity and supports local businesses. Collectively, these efforts will help Downtown become a more livable, delightful, connected, and prosperous place.
In this report, you will find a collection of economic indicators for the quarter that demonstrated sustained growth across key sectors, especially residential and hospitality. This growth is a testament to people’s confidence in Downtown as a premier destination for living and leisure. Through quarter after quarter, when people have a choice of where to spend time—they are increasingly choosing Downtown.
Looking ahead, we are optimistic about the future of Downtown. With several major projects on the horizon, including the expansion of Downtown’s convention campus, the Astros’ new ballpark village concept, plus the trenching of the elevated highways via the North Houston Highway Improvement Project, we anticipate continued growth and prosperity in coming years.
I would like to extend my heartfelt gratitude to each of you—residents, business owners, investors, and community partners—for your ongoing support and dedication to the Downtown community. The recent weather-related challenges tested our resolve, and as Houstonians have done for years, we have supported one another and ensured that everyone got back up and on the path forward. Through our supportive spirit of togetherness, we will continue to build a Downtown that delivers energy, joy and opportunity for all.
I hope you enjoy this report, and thank you once again for your unwavering commitment to Downtown Houston.
Best regards,
Kristopher Larson, AICP, LPM President & CEO
Q2 2024 HIGHLIGHTS
In the wake of the derecho event, and in celebration of Art Cars & Pride, Houstonians came together in Downtown throughout the quarter.
2.5 HOURS
AVERAGE LENGTH OF STAY FOR A DOWNTOWN VISITOR IN Q2, UP 10% COMPARED TO Q1
13 %
INCREASE IN VISITS TO DOWNTOWN PARKS QoQ
12%
INCREASE IN VISITS & VISITORS IN DOWNTOWN, COMPARED TO Q1
Downtown’s housing market is seeing very healthy absorption rates, compared to surrounding submarkets.
3 %
ABSORPTION IN Q2
5.4 %
ABSORPTION IN 2024 YTD
DEVELOPMENT PIPELINE MAP
TOP STORIES OF Q2
1 2
HISTORIC MAIN STREET WILL BE GATEWAY AND GATHERING PLACE
In April, Downtown Redevelopment Authority / TIRZ #3 authorized engineering and construction design for Downtown’s next great public space with a goal to open by FIFA World Cup, 2026. Once complete, Houston Downtown Management District will maintain and program the new Main Street Promenade. Downtown Houston+ is engaging stakeholders and guiding planning with the City and TIRZ #3 to enliven a street-level experience that also embraces Houston’s birthplace, Allen’s Landing.
FLORIDA FIRM BUYS JONES ON MAIN
Valuing a century-old Main Street landmark with staying power, Florida real estate firm, The Wideman Company, purchased The Jones on Main on April 30.
The acquisition included the JPMorgan Chase Bank Building, a 34-story, 794,000-square-foot tower at 712 Main plus companion property, the Great Jones Building, a 10-story, 95,000-square-foot tower at 708 Main. Ornate, art-deco structures adjacent to a light rail intersection and featuring a buzzy dining destination Finn Hall caught the new owner’s eye.
Local support for a great public destination on Main Street and Downtown’s expanded Entertainment District heightened the property’s attractiveness. Wideman Co.’s CEO Matt Wideman looks forward to burnishing this prize asset with new investment, saying, “This won’t be your grandfather’s stodgy office building.”
3 4
MAYOR WANTS TO PUMP $3B INTO DOWNTOWN OVER NEXT 30 YEARS
On April 12, Mayor Whitmire announced grand plans to attract larger conventions, get Toyota Center ready for professional hockey, and position Downtown’s offerings to win a bigger slice of the visitation economy. A refund of the state’s portion of hotel taxes will fund the expanded Convention and Entertainment District.
SUDDEN STORM REVEALS DOWNTOWN’S TENACITY
The Wall Street Journal, Inc. Magazine, local television, radio, The Houston Chronicle, The Houston Business Journal, and more turned to Downtown Houston+ for daily updates on Downtown recovery in the aftermath of a ferocious freak weather event on May 16. But another story of the storm went largely unreported as Downtown’s convention venues and hotels hosted thousands without missing a beat. The Astros, the Dash and Theater District kept their respective shows going as well. And since they didn’t lose power during the storm, Downtown’s hotels and restaurants were able to assist and feed the hoard of helpers brought in to help remediate the storm damage.
THE DOWNTOWN PULSE
Throughout the spring and into summer, Houstonians came together Downtown. Q2 2024 saw daily events across our parks, when coupled with increased light rail ridership and new storefront openings, created a dynamic atmosphere that drew Houstonians together.
Upshot
What Stands Out
• Boost in Visitation: Downtown welcomed 9.9 million visits in Q2 2024, a 12% increase compared to Q1 2024.
• Extended Stays: The median length of stay for Downtown visitors climbed 10% quarter-over-quarter to 2 hours and 35 minutes in Q2 2024.
• Shifting Demographics: The increase in visitor numbers and dwell times indicates a shift in the purpose of Downtown’s visits, with a higher proportion of leisure visitors compared to office workers. This trend may be attributed to several factors, including post-storm recovery efforts, the beginning of summer break, and seasonal changes.
Average Daily Population
9.9 M
Source: Placer.ai
Source: Placer.ai
THE FUTURE MAIN STREET PROMENADE
Public Workshop #3, held in late June, was a pivotal step in the 2024 design and engineering process for the future Main Street Promenade. The initiative, which is funded and led by the Downtown Redevelopment Authority and Houston Downtown Management District in collaboration with the City of Houston, Metro, and CenterPoint, will result in a new pedestrian promenade in the heart of Downtown Houston by 2026.
Key Takeaways
Response to this project continues to be extremely positive
• 100% of respondents are EXCITED or VERY EXCITED about the project
• 99% of respondents believe the new Main Street experience will benefit them and their community
The community really likes the schematic design
• Structures, trees, and street murals—they love them
• Shade—more, more, and more shade
• Outdoor rooms and permanent fixtures—love the free common seating, would love to see more for kids and pets
At the four-hour workshop, over 250 community members actively participated, providing valuable input through 932 feedback points collected via dots, post-its, comment cards, and interactive activities. This community engagement was instrumental in refining the design concept, ensuring the final plan aligns with the community’s aspirations.
• Local art—add more, specifically local
• Platform for activation—programming is great, and want to add more supportive and exciting uses (grocery, gallery, retail, restaurants, etc)
They still have questions about
• Homelessness and safety impacts
• Wayfinding and parking—making sure people know where to go
• Access and loading—the details of those changes
• Microclimate—add in rain protection and misters
SYSTEMWIDE Q2 LIGHT RAIL RIDERSHIP
The continued recovery of METRO Light Rail is critical to Downtown Houston’s vitality, as it provides essential connectivity for residents, workers, and visitors. While still trailing pre-Covid ridership levels, METRO Light Rail continues to see an increase in activity. Systemwide, Light Rail Activity totaled over 3.3 million riders in Q2 2024, accounting for 19% of total quarterly METRO ridership. Downtown Light Rail
stops are about 70% recovered in Q2 2024 compared to Q2 2019, with the highest recovery seen around stops near major venues. Q2 2024 Theater and Convention District stops are approximately 85% recovered compared to Q2 2019, with a 4.7% and 7.5% increase quarter-over-quarter and year-over-year, respectively.
X
AMOUNT OF TIMES Q2 LIGHT RAIL RIDERSHIP COULD FILL MINUTE MAID PARK
Monthly METRORail Ridership
1,000,000
200,000 0
Source: METRO Ridership Reports
DOWNTOWN STRONG: DERECHO RECOVERY
4,000+
ESTIMATED SKYSCRAPER WINDOWS DAMAGED 114 TREES REPLACED OR STRAIGHTENED
After an unexpected “derecho” event expanded Houston’s storm vocabulary on May 16th, the spectacle of 4,000+ broken skyscraper windows fueled nonstop news clips (see Top Stories, p. 9).
With emergency authorization by the HDMD board, the DTH+ operations team and additional recovery crews swarmed Downtown. Tons of debris—filling three 18-wheeler truckloads in less than a week—and hundreds of downed and damaged trees received immediate attention. Meanwhile, DTH+ convened impacted building owners, property managers, City staff including the mayoral administration, Public Works, and Houston Police Department, nimbly
aligning efforts to help businesses return to regular operations as safely and soon as possible. Each day traffic impact maps were updated and posted on downtownhouston.org, as well as texted, emailed, and posted on social media, to help commuters understand potential delays and detours. Lessons learned and relationships strengthened are helping Downtown not just bounce back – but bounce forward, too.
NEW RETAIL DOWNTOWN
New Openings
FotoLab Studio
POST HTX
Le Salon Krigler
Four Seasons Hotel
Orange Taco The Highlight
The Sylvie Texas Tower
Downtown welcomed new storefronts in Q2 2024, filling vacant and newly constructed spaces with fresh food and beverage options, a salon, and a new photography destination.
DEEP DIVE: DOWNTOWN HOUSTON+ SPRING PROGRAMS IN FULL SWING
Regular programming kept Downtown’s public spaces humming. The Sounds of the City cranked up a We (Heart) HOU concert series and partnered with the Mayor’s Office of Cultural Affairs and Consul General of France for Make Music Day, 2024. Market Square Park Farmer’s Market returned in March and taught marketgoers DIY skills, planting seeds for Earth Day, making pickles, and screen printing. We celebrated Cinco de Mayo with a Bayou City Zydeco twist before the traditional mariachis and piñata bash. Trebly Park’s Summer Trivia Nights teased our brains, while yoga classes fueled our bliss. Back by popular demand, Movies Under the Stars and Blanket Bingo build community bonds with Downtown’s parks.
* Includes first Market on March 30
Source: Downtown Houston+
Market Square Park
Farmer’s Market
5,747 TRANSACTIONS
4,038
MARKET GOERS
8 MARKETS
Source: Downtown Houston+
ONLY IN DOWNTOWN
Downtown brought Houston together in a big way throughout the quarter thanks to a packed events calendar and serving as a reliable refuge following the derecho event. Events like the Art Car Parade, two Pride Parades, FIRST Robotics State Championship, concerts by Bad Bunny and Houston’s own Megan Thee Stallion, plus Comicpalooza drew crowds and boosted hotel occupancy.
Upshot
What Stands Out
• Sports supercharged the city: The day combining Astros, Dynamo, and Lone Star Volleyball saw activity soar 80% above the quarter’s average. Sports remain a major driver for hotels, especially international events like COPA America.
• Resilience pays off: The Downtown grid’s strength during the Derecho kept hotels running, accommodating residents without power. Hotel occupancy jumped nearly 55% year-over-year.
• Bottom line: Overall hotel demand surged upward by seven points compared to Q2 2023.
13 • 63%
• Houston Art Car Festival & Parade
• Astros vs. Rangers
• Frankie Beverly Farewell Tour (Toyota Center)
4 • 78%
• Lone Star Regionals Volleyball Tournament
• Astros vs. Mariners • Dynamo vs St. Louis City SC
27 • 54%
• FIRST Robotics State Championship
• Kane Brown In The Air Tour (Toyota Center) • Lone Star Regionals Volleyball Tournament JUNE 15 • 48%
• Megan Thee Stallion Concert
• Astros vs. Tigers
• Houston Ballet with Four Seasons APRIL 20 • 53%
• Dynamo vs. Austin FC JUN 22 & JUN 29
• Pride Celebrations
UNPACKING THE IMPACT
Downtown Houston hotels experienced a solid Q2, driven by a combination of large-scale events at the George R. Brown (GRB) and NRG Park, underpinning the strong economic link between Downtown and NRG Park. During the week of May 5, NRG Park’s Offshore Technology Conference boosted occupancy year-over-year by 26.3% and ADR by nearly 10%, translating to a 43.2% revenue increase. The subsequent Derecho, while disruptive, resulted in a demand for Downtown hotels as their unimpacted power enabled a haven for residents across the city seeking refuge from the heat. The GRB’s International Dairy Deli Bakery Association conference contributed to an 11% RevPAR increase year-over-year, and COPA America games added a similar gain with RevPAR up 11.4% year-over-year.
Q2 Hospitality Data
Source: CoStar
8,723
TOTAL HOTEL ROOMS CURRENTLY AVAILABLE
April 2023 saw increased Occupancy, ADR, and RevPAR due to Taylor Swift selling out three consecutive concerts for The Eras Tour, as well as the NCAA Men’s Final Four.
496
TOTAL HOTEL ROOMS UNDER CONSTRUCTION
Source: Houston First
DEEP DIVE: CELEBRATIONS FOR ALL OF HOUSTON
Marching bands, colorful floats, beads, happy multigenerational crowds, and a car engulfed in animatronic fish and lobsters rocking in a synchronized symphony of rubber seafood to the strains of “Bohemian Rhapsody.” What could be more Houston? For 37 years, about 250,000 fans of weird and sometimes surprisingly beautiful rolling art fill Downtown for the Orange Show Art Car Parade and Festival. Downtown hosts the City’s biggest celebrations, including one for lovers of real seafood, the annual Oyster & Seafood fest at Buffalo Bayou Waterworks. Tour de Houston presented by Apache showcases the city on two wheels as cyclists start
and end at Discovery Green. In June, Houston celebrated its LGBTQ+ community with enough pride for two parades, on June 22, by “New Faces of Pride,” and on June 29, by “Pride Houston 365,” and on June 30, Discovery Green hosted COPA America fan fest presented by The Harris County-Houston Sports Authority and Univision to kick off a fierce battle on the pitch between Mexico and Ecuador. People flock Downtown year-round to celebrate world champion teams, toast St. Patrick’s Day, commemorate Dia de los Muertos, the Annual H-E-B Thanksgiving Day Parade, MLK Day, and welcome the Houston Rodeo.
DOING BUSINESS DOWNTOWN
Downtown Houston experienced significant damage due to the derecho event, shattering approximately 4,000+ windows in two dozen buildings. Despite this, our workforce continued to show up, thanks in large part to clear communication around road closures and the resilient Downtown power grid which did not lose power during or after the event.
Upshot
What Stands Out
• Return to Office Numbers are Up: Employee activity was 0.7% higher in Q2 2024 compared to Q1 2024.
• Asking Rents Stay the Course: Vacancy has continued to tick up due to sluggish leasing activity and asking rents have leveled out in the short term.
Q2 Office Insights
• Energy Transition is Committed to Downtown: Companies in the energy transition space have shown a commitment and desire to be located Downtown, including Fervo Energy expanding their offices to over 23,000 square feet at 910 Louisiana.
OUT OF THE 33 LEASES SIGNED IN Q2 2024 WERE NEW MOVE-INS OF THE LEASES SIGNED WERE DIRECT LEASES
Source: CoStar
A NEW ERA OF OFFICE SPACE DEMAND
Office leasing trends in Q2, Q1, and throughout 2023 demonstrate a shift in the Houston commercial real estate landscape: the traditional Downtown versus Westside dichotomy is becoming obsolete. Instead, Downtown Houston is increasingly being compared to the urban cores of other major cities.
Distinguishing Characteristics of Downtown:
• The growth in residential units within Downtown and in the neighborhoods surrounding Downtown, coupled with a thriving entertainment and cultural scene, has created a vibrant atmosphere that rivals other major city centers.
• Access to a diverse workforce is paramount, and Downtown Houston’s central location and proximity to public transportation make it an attractive option.
• Downtown’s reputation for innovation and sustainability has made it a preferred location for emerging industries, particularly in the energy transition sector.
• Employee well-being has amplified the importance of walkability, amenities, and connectivity.
From the geothermal company Fervo’s expansion from their Main Street office to 910 Louisiana to the creative production company Timber Pictures’ move from The Woodlands to Downtown, Houston’s office submarkets are no longer seen as apples-to-apples for many companies.
We believe Houston is the center of the energy transition, and Downtown Houston has long been its center of activity. The availability of dining options, parks, and biking infrastructure continue to be great assets and a huge draw for our team. For these reasons and more the only place for Fervo’s headquarters is Downtown Houston.”
Tim Latimer, Chief Executive Officer, Fervo Energy
DEEP DIVE: 40TH ANNUAL OFFICE STORY
For the 40th consecutive year, DTH+ released Office Story, a proprietary deep dive into the prior year in competitive office leasing in Downtown. The peer-reviewed study goes further than a traditional brokerage house or market analysis by leveraging unprecedented access to the owners and operators of competitive and non-owner-occupied office buildings in Downtown.
Scan here to read the 2023 Downtown Office Story
• The diversity of activity in Tier I across all transaction sizes in 2023 indicates a healthy market for trophy office space, likely due to tenants’ desire for better amenities,
• We are still seeing a healthy level of new leases signed with 65 new leases in 2023, signifying a continued interest in companies moving or staying Downtown,
• There were 19 new companies to Downtown in 2023 that were not previously here before. 10/19 were energy related (7 traditional, 3 transition), and
• Comprehensive charts that dissect and contextualize all marketed office space, large available blocks, full floors and tenant industries,
• Leasing activity by type and size, including multifloor tenants, large transactions and tenants new to Downtown,
• Operating expenses and property taxes by building,
• Trends dating back to the mid-80s, inclusive of historical moments that resulted in major leasing events, and
Buildings organized into three distinct tiers to better understand patterns in Downtown’s top office towers including renovation and new construction.
The Bottom Line:
Some of What’s Inside:
LIVING DOWNTOWN
Upshot
New residential properties in Downtown Houston performed well throughout Q2 2024 and residential vacancy has continued to shrink as these new properties see healthy lease-up activity. While Downtown’s average rental rates are 32% higher compared to the 610 loop average rental rates overall, this has not hindered demand. In fact, the 610 loop submarket vacancy has remained relatively stagnant while Downtown’s vacancy has improved. With over 400 multifamily units under construction and demographic trends that align with demand for denser housing, there should be confidence that the Downtown submarket will see continued success.
What Stands Out
• Vacancy rates are decreasing: Vacancy has dropped by 3.4% compared to the previous quarter and 1.4% year-over-year.
• Houston is a young city: As Gen Z chooses to rent in culture-rich, dense neighborhoods over homeownership, Downtown’s housing stock is well-positioned for its younger population.
• Strong outlook for new multifamily units: The market is expected to continue absorbing new supply effectively.
Residential Insights
Source: CoStar
7,186 APARTMENTS
Source: CoStar
845 CONDOS
A YOUNGER, MORE DIVERSE POPULATION AND MULTIFAMILY HOUSING
Houston’s population is not only growing rapidly but also becoming younger and more diverse. The city’s median age of 33 is notably lower than major metropolitan counterparts like New York, Los Angeles, and Chicago, which range from 37 to 39. As Gen Z redefines the American Dream, prioritizing experiences and flexibility over traditional homeownership, Houston is uniquely positioned to benefit.
Capitalizing on Shifting Preferences
Nearly one-third of Houston’s new residents hail from international cities where apartment living and walkable neighborhoods are the norm. These residents stand to bring a global perspective to housing preferences, emphasizing the need for denser, amenity-rich urban environments.
The high multifamily absorption rates in Downtown Houston serve as a testament to the growing demand. By continuing to invest in urban development and amenities, Houston can solidify its position as a desirable destination for young professionals and global citizens alike.
DEEP DIVE: DOWNTOWN’S MULTI -
FAMILY
ABSORPTION IN CONTEXT
The Downtown submarket has consistently outperformed other Houston submarkets in multifamily absorption over the past year. In Q2 2024 alone, Downtown absorbed 237 units, representing a 3.0% absorption rate. This compares favorably to the average absorption rate of 0.8% across all submarkets. Moreover, Downtown has maintained its lead in year-to-date (YTD) absorption, with a 5.4% rate compared to the average of 1.6%.
High absorption rates in the Downtown Houston multifamily market indicate strong demand for rental units. This is a positive sign for several reasons:
• Investor Confidence: High absorption rates can boost investor confidence in the Downtown market, attracting more capital for new developments and renovations.
• Economic Growth: A thriving multifamily market is often a byproduct of a larger, growing economy, indicating increased economic activity.
• Amenities and Services: Increased occupancy can encourage new retail in the area, enhancing the overall livability of Downtown Houston.
• Reduced Vacancy Rates: Lower vacancy rates mean higher occupancy, generating more consistent rental income for property owners.
Absorption by Submarket
Source: CoStar
LOOKING AHEAD
ASTROS BASEBALL SEASON IN FULL SWING
After a sputtering start to land in the AL West basement, the Astros found their footing and became the hottest team in baseball. The Astros racked up the Ws in June to end neck-and-neck with the Seattle Mariners atop their division, and by the end of the season’s first half, fan fever was scorching. Buoyed by Hunter Brown’s young arm, renewed optimism is fueling playoff speculation and hometown crowds are surging back to the ballpark.
WHAT’S IN STORE FOR STREET-LEVEL RETAIL
On June 20, the HDMD Board authorized national retail expert MJB Consulting to finalize its development on a strategic recruitment plan for storefront business and HDMD has earmarked $250,000 for a Downtown Retail Challenge Grant program. Promising businesses that met specific criteria would receive funds for façade improvements and other tactics through this program with a goal of spurring more active storefronts in Downtown’s key opportunity nodes. To learn more, reach out to cassie.hoeprich@downtownhouston.org
MARKET SQUARE PARK, MAIN STREET SQUARE, AND TREBLY PARK GET A GLOW-UP
New investments from DTH+ will enhance three key public spaces. Design work was authorized for Market Square Park’s kiosk, trellis, and café seating, prepping for an exciting local chef to revive food and beverage operations in the park. Main Street Square’s iconic fountain’s unique projector with a “water screen” is coming back with upgraded equipment. Finally, design work has commenced for Trebly Park’s fanciful playscape to add welcome shade with a new trellis structure.
STATE OF DOWNTOWN ANNUAL MEETING
With Chevron back as presenting sponsor, Central Houston, Inc. plans an elevated experience for its signature annual event, the 40th annual meeting and State of Downtown presentation. New this year, retired four-star general Stan McChrystal will join an exclusive VIP reception the evening before he delivers the event keynote. McChrystal will also autograph 100 copies of New York Times best-seller, Team of Teams: New Rules of Engagement for a Complex World, his examination of lessons forged under fire with immediate relevance for every leader.
The event will be held on October 16, 2024 at 12pm. To learn more, visit downtownhouston.org.
ABOUT DOWNTOWN HOUSTON+
Downtown Houston+ stewards the vision of Downtown as a center of global commerce and local culture and Houston’s heart for opportunity, excitement and joy. Its family of aligned entities – Central Houston Inc., Houston Downtown Management District and Downtown Redevelopment Authority – collectively advance a shared mission to champion and enhance Downtown Houston as a connected and thriving place for everyone. For more information, visit downtownhouston.org .
CONTRIBUTING STAFF
JENNA BEASLEY Communications Manager
BRENDAN HARRISON Research & Economic Development Specialist
AARON HERNANDEZ Marketing Coordinator
CASSIE HOEPRICH Director of Planning & Economic Development
KRIS LARSON President & CEO
CONTRIBUTING
LANCE CHILDERS
MARK FELIX
BAILEY FLOWERS
MORRIS MALAKOFF
AMANDA MARQUEZ Programming & Events Manager
CLINT SELF
Creative Strategy Lead ANN TAYLOR Director of Engagement
CANDACE WILLIAMS Executive Assistant & Board Liason
BRANDON MARTIN
EGIDIO NARVAEZ
SHANNON O’HARA
If you have inquires related to the data and information presented in this report, please contact cassie.hoeprich@downtownhouston.org .
To learn more about Downtown Houston+ Clean and Safe services, reach out to operations@downtownhouston.org or visit downtownhouston.org .
Secretary
Director Tiko Reynolds-Hausman
Director William J. Taylor, III Director, Development and Infrastructure, Harris County Precinct 1, Retired DOWNTOWN REDEVELOPMENT
Harris
Vice Chair Michele J. Sabino Consultant, Third Sector Services
HOUSTON DOWNTOWN MANAGEMENT DISTRICT BOARD
OFFICER NAME TITLE/ORGANIZATION
Director Crystal Allen Managing Director, Transwestern
Director Sean Alley Vice President, Operations, Brookfield Properties Operated by CBRE
Chair Leslie Garcia Ashby Partner, Ashby, LLP
Director Kinder Baumgardner Managing Principal, SWA Design
Director Genora Boykins Asst. Regional General Counsel - Retired, NRG Energy, Inc.
Director Clay Crawford Partner, Sears & Crawford LLP
Director Jacques D'Rovencourt General Manager, Hilton Americas- Houston
Director Marcus Davis Owner, Kulture
Director Terry Demchak Resident
Director Kelly Foreman Executive Vice President, Amegy Bank
Director Irma Galvan Owner, Irma’s Original
Secretary Marian Harper Vice President, Foundation Development, Houston Astros LLC
Director Gilbert A Herrera President, Herrera Partners
Director C.C. Huang CPC Corporation
Director Angus Hughes Executive Director, Cushman & Wakefield
Director Antoinette M (Toni) Jackson Principal, The Banks Law Firm
Director Lacee Jacobs Senior Vice President, Strategic Leasing & Advisory, Parkway
Vice Chair Robbi Jones President, Kipling Jones & Co.
Director Roland Kennedy Internal Stakeholder Manager, Corporate Real Estate, Chevron
Director Sean Liu Head of Legal, Lionstone Investments
Director Benjamin Llana Vice PresidentDevelopment, Skanska
Director Nick Massad III Senior Vice President of Development, American Liberty Hospitality
Director Sherea McKenzie Executive Director, J C Hester House
Director Kenny Meyer President, MC Management & Development
Director Randy Pryor Vice President, Distribution Operations, CenterPoint Energy
Director Edna Ramos Downtown Property Owner
Director Frem Reggie Managing Director, Hines
Director John Schafer Managing Director, Hyatt Regency Houston
Treasurer & Investment
Officer Richard Torres President and Executive Director, Christus Foundation for Healthcare
CENTRAL HOUSTON INC. / CENTRAL HOUSTON CIVIC IMPROVEMENT INC. BOARD
OFFICER NAME TITLE/ORGANIZATION
Director Dr. Loren Blanchard President, University of Houston-Downtown
Vice Chair Stephanie Burritt Co-Managing Director, Principal, Gensler
Director Dougal Cameron President, Cameron Management
Chair Dilip Choudhuri President & CEO, Walter P Moore
Director Danny David Partner, Department Chair Litigation (Firmwide), Baker Botts
Director C. Richard Everett Chairman & CEO, Everett Interests
Director Bradley R. Freels Chairman, Parkway
Director Adam Green Shareholder, Baker Donelson
Director Fred B. Griffin Co-Chairman, Griffin Partners, Inc.
Director Hillary Hart Executive Director, Theatre Under The Stars
Director Jeffery Hildebrand Executive Chairman and Founder, Hilcorp Energy
Treasurer Alex Jessett Executive Vice President of Finance, Camden Property Trust
Director Julie Luecht Office Managing Principal, KPMG LLP
Director Ira Mitzner President & CEO, RIDA Development Corp
Director John Mooz Senior Managing Director, Hines
Director Hong Ogle Houston Market President, Bank of America
Director Kathy Payton President & CEO, Fifth Ward Community Redevelopment Corporation
Director Daron Peschel Sr. Vice President In Charge, Federal Reserve Bank, Houston Branch
Secretary David Ruiz SVP, Community Relations, Bank of America
Director Cody Schneider Partner, Winstead
Director David Stevenson SVP, Amegy Bank of Texas
Director Amber Tierce Corporate Affairs Manager, Houston, Chevron Corporation
Director Jennifer Wagner Office Director & Studio Practice Leader, Education Partner, HKS, Inc.
Director Jason Wells EVP/CFO, CenterPoint Energy
CONTINUED ON THE NEXT PAGE
DATA SOURCES
HOUSTON DOWNTOWN MANAGEMENT DISTRICT DISTRICT BOUNDARY
Director Ric Campo Chairman & CEO, Camden Property Trust
Director Matt Damborsky EVP, Skanska USA Commercial Development
Director Laura Edrington Managing PartnerHouston Office, Locke Lord LLP
Director Mark C. Evans Co-Chairman, Bracewell LLP
Director Tilman J. Fertitta Chairman & CEO, Landry’s Restaurants, Inc.
Director Martyn E. Goossen Vice Chairman, JP Morgan Chase & Co.
Director Michael Heckman President & CEO, Houston First Corporation
Director Wendy Heger Principal, Page
Director Steven J. Kean CEO, Kinder Morgan, Inc.
President & CEO Kristopher Larson President & CEO, Central Houston Inc.
Director Niloufar Molavi Global Leader Oil & Gas, PwC
Director Stephen Newton Managing Director/ Area Manager, Russell Reynolds Associates
Director Travis Overall Executive Vice President, Brookfield Properties
Director Theola Petteway Executive Director, OST/Almeda Corridors Redevelopment Authority
Director Melinda Yee Houston Managing Partner, M&A Transaction Services, Deloitte
SOURCES
