5 things to know about the $225M skyscraper rising near downtown's Discovery Green
An aerial rendering of Skanska's 1550 on the Green, a 28-story office tower under construction near Discovery Green park in downtown Houston.Skankska is seeking a Leadership in Energy and Environmental Design, or LEED, Platinum certification for 1550 on the Green, the highest level a building can receive in the U.S. Green Building Council’s sustainable building program.
International law firm Norton Rose Fullbright signed a 15-year lease for about a third of the tower, which will eventually be renamed for the firm. However, Skanska hasn’t yet announced any additional office tenants, so it’s difficult to know how long it will take for the tower to lease up in a weak office market. The return-to-office movement post pandemic could also foment further leasing activity, too, some real estate experts argue.
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