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Downtown Office-to-Residential Conversion Saves Building From Peril

Redevelopment of the Year for Houston
Elev8 was completed last year after the conversion of an office building into a luxury multifamily property. (Mitchell Hester/CoStar)
Elev8 was completed last year after the conversion of an office building into a luxury multifamily property. (Mitchell Hester/CoStar)
By Nelda Bagley, Emily Wilkinson
CoStar Research
March 27, 2024 | 10:15 AM

An office building constructed in 1972 in downtown Houston was facing an uncertain future with it only being 28% leased, and most of those tenants' leases were set to expire.

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