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The hotel featured four restaurants, a banquet room, a small concert hall, and a rooftop deck. The construction cost was about $3.5 million, equivalent to $64,000,000 in 2016. [13] In the first five years, the new Rice Hotel was losing money, but the Houston Hotel Association was able to repay its loans. Jesse Jones continued improving the ...
On Wednesday August 2, 2000, the Houston City Council voted 10–4 to stop enforcing the informal agreement and enact a new law that exempts a company from the height restriction if the national headquarters of a company occupies 45 percent or more of a Downtown Houston building of over 750,000 square feet (70,000 m 2) of usable space.
Crescent purchased Houston Center in 1997 for $328 million. [8] In 2000 Crescent sold the Four Seasons Hotel Houston, a hotel that is a part of Houston Center, to Maritz, Wolff & Co., a hotel investment group, for $105 million. [9] In October 2002 Houston Center was 95% leased. [10]
1000 Main, formerly Reliant Energy Plaza, is a 518-foot (158 m) tall skyscraper in Downtown Houston, Texas managed by Transwestern. [1] It houses the headquarters of GenOn Energy, and the building has around 800,000 square feet (74,000 m 2) of space. [2] 1000 Main was constructed from 2001 to 2003 and has 36 floors.
The economy of Houston is based primarily on the energy industry, particularly oil.However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. [1]
Downtown is the largest central business district in the city of Houston and the largest in the state of Texas, located near the geographic center of the metropolitan area at the confluence of Interstate 10, Interstate 45, and Interstate 69.
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