Downtown Quarterly Market Report YE 2025

Letter from our CEO

Dear Stakeholders, Investors, Partners, and Friends,

Downtown Houston continues to prove that momentum is not built overnight, but through steady investment, resilience, and confidence in the heart of the nation’s fourth most populous city. Again this quarter, this report measures consistent progress, investments, and market fundamentals driving the renewed momentum of Downtown.

Downtown’s role as the region’s front door is unmistakable. In 2025, we recorded 38.5 million nonwork visits. Averaging more than 740,000 visitors a week validates Downtown’s magnetic pull as a destination for culture, commerce, sports, and entertainment. Our visitor base also reflects the diversity that defines Houston itself: 44% of Downtown visitors spoke a language other than English at home. Importantly, Downtown is a gathering place for the broader Texas Triangle, welcoming nearly 900,000 visits from San Antonio, Austin, Dallas, and Fort Worth over the year.

A growing hospitality sector supports growth in visitation. Downtown now offers 32 hotel properties with nearly 9,000 rooms, with additional projects under construction and proposed. These investments expand our ability to host conventions, major events, and leisure travelers, reinforcing Downtown as an economic engine for the region.

At the human scale, Downtown remains animated by its street-level economy and cultural programming. Professional sports, live performances, and neighborhoodserving businesses continue to drive activity and contribute to the everyday vibrancy that defines a successful urban center. These elements, while somewhat difficult to quantify, are essential to Downtown’s appeal and long-term competitiveness.

The office market tells an increasingly encouraging story. In 2025, aggregate return-to-office activity climbed to 78% of pre-pandemic levels, with the number of unique employees in Downtown nearing full recovery. Traditional

market fundamentals are moving in the right direction: asking rents rose 1.4% year-over-year, while vacancy and availability declined. Most notably, Downtown recorded more than 500,000 square feet of positive net absorption, the first such gain since 2019, signaling a dawn of renewed confidence among office tenants. Major commitments, including Aramco’s nearly 400,000 square feet of lease renewals at Allen Center, underscore Downtown Houston’s continued relevance as a premier business address.

On the residential front, Ely at the Ballpark delivered 229 new units in late 2025, temporarily increasing vacancy but adding critical supply to the market. While the residential construction pipeline has slowed, strategic, wraparound investments continue. The Downtown Redevelopment Authority’s recent approval of incentives for a new market, grocery, and restaurant near Market Square Park reflects our ongoing commitment to livability and residentserving amenities. Today, Downtown encompasses more than 8,400 residential units across 45 properties, with additional proposals pointing to future growth.

Taken together, these indicators tell a clear story: Downtown is not simply recovering – it is recalibrating and strengthening its foundation for the next phase of growth. Incremental progress across visitation, employment, housing, and investment reinforces our confidence in Downtown’s direction and resilience.

We remain deeply grateful for you, our partners, stakeholders, investors, and community members whose collaboration makes this progress possible. This year-end edition of our quarterly market report provides deeper analysis across all sectors, equipping you with insight to engage confidently in what we believe will be banner year for Downtown as it shines on a global stage.

Sincerely,

Kristopher Larson, AICP, LPM President & CEO

38.5M

Office Activity Recovery Rate (2025 vs. 2019) 93.8%

Total Non-Employee Visits to Downtown Houston in 2025 $36.11

Office Market Net Absorption (Positive for the first time since 2019) 78% 24.8%

Individual Employee Recovery Rate (2025 vs. 2019) $1M+

Average Office Asking Rent, per SF 513K SF

Top Stories of 2025

Major Conversions Underway

Across U.S. downtowns, shifts in how and where people work have accelerated a rethinking of traditional office real estate and the role of urban cores. In response, cities are increasingly focused on adapting existing assets to better align with evolving patterns of demand.

Downtown Houston is no exception— and it is moving decisively. Rather than standing still, the district is seeing a wave of reinvestment that converts, repositions and diversifies legacy properties to support a more resilient, mixed-use environment.

Several major projects illustrate this shift. The JW Marriott is expanding its Downtown footprint with 56 new rooms alongside ground-floor retail, meeting space, and a rooftop bar and pool.

In early 2026, 1021 Main will begin a residential conversion, transforming the former office building into 553 units split between apartments and corporate accommodations.

Just north on Main Street, the 116-year-old Scanlan Building is being repurposed as a 140-room boutique hotel.

Meanwhile, office assets like the former One Shell Plaza at 910 Louisiana are repositioning for the future, with a $50 million renovation focused on enhanced employee amenities and a reimagined streetlevel experience.

Together, these projects signal a deliberate shift toward a more diversified and resilient Downtown— one designed to generate activity beyond the traditional workday and adapt to the realities of a changing urban economy.

2

Annual Meeting “On The World Stage”

Business, elected, nonprofit leaders, press, and an all-star panel of professional sports luminaries joined an amped audience of almost 1,000 at 713 Music Hall to celebrate Downtown’s 2025 milestones:

• 2M+ SF of office leasing since last year’s gathering

• 40M non-employee visits

• $50M transformation of iconic 910 Louisiana to embrace streetlevel vibrancy

Watch the 2025 Downtown Houston+ State of

• Public realm improvements welcoming the world’s largest sporting event and leaving lasting benefits for decades

Jeff Jeffrey, Sr. Reporter for Houston Business Journal, recapped the CHI Annual Meeting’s State of Downtown message:

“Don’t call it a comeback, but Downtown Houston is preparing to reintroduce itself to the world next year via a series of global sporting events. And Downtown Houston+ President and CEO Kris Larson thinks the city couldn’t be better positioned for such an opportunity.”

Top Stories of 2025

3

Houston Downtown District’s Next Decade

Over an 11-month process in 2025, property owners representing >50% of the District’s assessed value and a unanimous HDMD board extended the key tool protecting and enhancing Downtown through 2035.

The new Houston Downtown Management District service plan will expand from 5 to a 10-year term and expand an economic development focus to include office tenant recruitment.

Over the last 30 years, the HDMD has ensured:

• Property owners’ hands are on the rudder guiding District services and investments

• Dedicated teams keep streets clean and safe

• Enhanced and coordinated security serves stakeholders, visitors and residents 24/7

• Strategic economic development initiatives drive growth

• Effective advocacy addresses political needs and hurdles And

• Rapid emergency response works seamlessly with the City’s Office of Emergency Management and other disaster agencies to protect Downtown

To learn how the HDMD advances the mission to champion and enhance Downtown Houston as a connected and thriving place for everyone, scan this QR code or visit dthplus.org/hdmd.

Return to Office Success

Downtown Houston’s office market continued a steady recovery throughout 2025, underscoring the city’s position as a national leader in return-to-office activity. Total employee visits reached 19.6 million for the year—up 5.8% from 2024— and equaled 78% of pre-pandemic levels, reflecting growing employer confidence and strengthening inperson engagement.

Employee activity data points to even broader reengagement. In 2025, roughly 94% of employees returned to the office in some capacity

compared to 2019, signaling that most of Downtown’s workforce is once again connected to physical office space. The remaining gap between participation and total visit volumes is largely explained by hybrid schedules, as many employees are returning fewer days per week than before the pandemic.

Momentum built over the course of the year as several major employers increased in-office attendance expectations. These shifts contributed to higher daily activity levels, supporting office utilization,

transit ridership and street-level vitality across Downtown.

Looking ahead, Downtown Houston is well positioned to benefit from evolving workplace strategies. Continued increases in office attendance are expected to bolster demand for retail, services, and amenities, reinforcing the district’s broader economic ecosystem. While hybrid work remains part of the longterm landscape, 2025’s gains point to a resilient and adaptable office market.

Top Stories of 2025

GRB Expansion Breaks Ground

In Q1, Houston First Corporation and City leaders announced a transformative $2 billion expansion of the George R. Brown Convention Center, setting in motion one of the most significant investments in Downtown’s east edge in decades.

The project advances a more connected, pedestrian-forward vision that links Downtown with East Downtown, re-stitching neighborhoods while reinforcing Houston’s standing as a premier global destination for conventions and tourism.

When GRB Convention Center phase 1 expansion finishes in 2028, Downtown will have 700,000 more square feet of meeting space and a new 100,000 SF pedestrian plaza.

Travel industry consultant Hunden Partners projects it to spur $20B in spending over 30 years, with 337,000 additional group hotel room nights booked annually in Downtown.

“These economic impact numbers are outstanding, and what they mean are more jobs, income and opportunity for Houstonians,” said Mayor John Whitmire in a press statement about the project.

After breaking ground late last year, construction is ahead of schedule. The new Houston venues will debut in a favorable climate, with the global meetings industry expected to soar from $971 billion in 2024 to more than $1.9 trillion by 2032, according to travel industry analysts.

Visitation Trends

Downtown Houston welcomed nearly 40 million non-employee visits in 2025—an average of roughly 750,000 visits each week— continuing a steady upward trend in activity across the district. Notably, some of the year’s strongest visitation peaks arrived during Houston’s hottest months—late May, June, August and September— underscoring Downtown’s ability to draw people year-round, even in challenging seasonal conditions.

Rather than relying on singular marquee events, Downtown’s visitation strength was driven by overlapping moments—weeks when conventions, concerts, professional sports, parades and

festivals unfolded simultaneously. These layered experiences reflect Downtown’s unique capacity to host large, diverse crowds at scale while remaining accessible, walkable and active.

One of the clearest examples of Downtown Houston flexing this multidimensional appeal came during a high-energy summer weekend when Beyoncé’s Cowboy Carter tour stop at NRG Stadium coincided with Houston’s Pride Parade, one of the largest Pride celebrations in the country. Together, these events swelled Downtown’s visitor ranks, blending global entertainment with community celebration and

highlighting how cultural milestones and civic traditions converge in the urban core.

Throughout the year, Downtown served as a stage for the many cultures that define Houston, welcoming visitors for signature events that reflect the city’s breadth and diversity. With worldclass venues, public spaces, and transit connections concentrated in a walkable footprint, Downtown remains one of the few places in the region capable of hosting multiple major events at once—drawing people by choice, week after week, to Houston’s cultural gathering place.

Downtown Houston+ in the News

In 2025, the work of DTH+ nurturing a more walkable, livable Downtown captured local and national headlines. New electric vehicle chargers, Downtown’s role as a national leader in return-to-office, and METRO’s new direct link from Downtown to IAH also made news.

Local Excitement for Henderson & Kane Coming to Market Square

Houston Business Journal:

“This project reflects exactly what our community has asked for: a more complete, livable downtown with access to everyday essentials,” Allen Douglas, executive director of DRA/TIRZ #3, said ... we’re lowering the barrier for a high-quality local operator and helping meet the needs of Downtown residents, workers and visitors.”

National Attention for the Main Street Promenade

Dwell:

“The next chapter of transformation that we’re working on here is thinking about how we create that space where people not only move through, but also connect and participate in city life with one another,” says Kris Larson.

DTH+ Rolls Out Business Improvement Grants Ahead of World Cup

Houston Public Media:

“Our public realm efforts and our storefront grant programs and storefront strategies, moreover, are designed to create a seamless experience for Houstonians in the years to come,” said Cassie Hoeprich. “We want people to able to say Downtown feels better, it feels vibrant.”

Downtown Houston’s Postpandemic Glow-Up

Houstonia:

“We’re trying to change the way people experience Downtown—not just once a year, but as part of their daily lives,” Larson says.

“Underpassage” Light Art Installation Restitches EaDo and Downtown Pedestrian Pathway, Enhances Fan Experience”

Houston Public Media:

“This thoughtful intervention will serve as a welcoming and safe connection for residents and visitors alike, bridging our neighborhoods and enhancing the pedestrian experience along this crucial corridor for years to come,” said Cassie Hoeprich

Iconic Downtown Tower gets $50 Million Overhaul

Houston Business Journal:

“Today’s Downtown attracts many audiences with new expectations for street experiences,” says Larson.

“We’ve been advocating for and supporting the kinds of interventions that the investor team will bring to 910 Louisiana: softening hard edges of buildings with landscaping, adding transparency and shade, and introducing opportunities for more consumer-facing services at the street level.”

International Wind Turbine Manufacturer Opens Office in Downtown Houston

Houston Business Journal:

Downtown Houston’s Population is Surging

Houston Chronicle:

“People out walking their dogs, pushing their kids in a stroller, enjoying their neighborhood and participating in parks and programs… That level of organic vibrancy is what contributes to so many other good feelings and perceptions about community, and that kind of stuff is a critical building block to building healthy cities,” Larson said.

“Houston is the ideal location to expand our office operations in the U.S. due to its central proximity to many of our wind projects, customers, and suppliers,” Vestas North America President Laura Beane said.

The Downtown Experience

What Stands Out

• Six-Figure Daily Visitation Averages: Downtown Houston saw a total of 38.5 million visits in 2025—averaging to more than 105,000 daily visits and nearly 750,000 weekly.

• A Diverse City: Houston’s diversity is exemplified in our visitor population. In 2025, 44% of Downtown visitors spoke a language other than English at home.

• The Texas Triangle Visits Houston: Texas’ other major cities traveled to Houston: There were 887,000 visits to Downtown Houston in 2025 from San Antonio (332,000), Austin (294,000), Dallas (171,000), and Fort Worth (90,000).

Visits & Visitors

38.5M Non-employee Visits in 2025

10.1M 2h 11m

32 Total Properties

8,944 Total Rooms

Construction

4

565

Weekly Downtown Visits & Impacts

Week of May 26

• Dream Con 2025

• Houston Astros vs. Oakland Athletics

• Houston Astros vs. Tampa Bay Rays

• Houston Dynamo FC vs. Sporting Kansas City

• Alejandro Fernandez at Toyota Center

Week of May 5

• Houston Astros vs. Cincinnati Reds

• Katy Perry at Toyota Center

• Mother’s Day

Week of April 28

• Houston Astros vs. Detroit Tigers

• Cinco de Mayo Weekend

• Cry Out Con 2025

Week of April 14

• FIRST Championship Robotics Competition at George R. Brown Convention Center

• Houston Astros vs. San Diego Padres

• J Balvin at Toyota Center

• Easter Weekend

Week of March 10

• Houston Rockets vs. Chicago Bulls

• Oddities & Curiosities Expo at George R. Brown Convention Center

• Deftones at Toyota Center

January 20

• Winter Storm Enzo

Week of June 9

• No Kings Protest

• Houston Astros vs. Chicago White Sox

• Houston Astros vs. Minnesota Twins

• Houston Dynamo FC vs. CF Montreal

• Houston Dash vs. San Diego Wave

• Andrea Bocelli at Toyota Center

• Wu-Tang Clan at Toyota Center

• Father’s Day

Week of June 23

• 47th Annual Pride Parade

Week of August 11

• Houston Astros vs. Boston Red Sox

• Houston Astros vs. Baltimore Orioles

• Enhypen at Toyota Center

• Ghost at Toyota Center

• Houston Astros vs. Philadelphia Phillies

• Houston Astros vs. Chicago Cubs

• Houston Dynamo FC vs. St. Louis City SC

• Beyoncé Cowboy Carter Tour at NRG Stadium

Week of August 4

• No Toyota Center Events

• No Home Games

Population spikes driven by major events, concerts and gamedays offer valuable insights into activity patterns and opportunities for growth across the year.

Week of September 15

• Houston Astros vs. Texas Rangers

• Houston Astros vs. Seattle Mariners

• Houston Dynamo FC vs. Portland Timbers

• Houston Dash vs. Chicago Stars

• Laufey at Toyota Center

• Shane Gillis at Toyota Center

• Benson Boone at Toyota Center

• Untitled Art at George R. Brown Convention Center

Who are Downtown Visitors?

Q4

2025 Hospitality Data

• Downtown outperformed the broader Houston market by maintaining flatto-positive revenue growth and a 1% rate increase, while other submarkets saw declining KPIs.

• A 2.4% supply increase drove a minor 3% occupancy dip in Q4, yet strong rates and stable demand (down only 0.6%) secured a year-over-year revenue gain.

• The AfroTech conference served as a massive Q4 catalyst, peaking at 95% occupancy and driving a 34% RevPAR lift that created compression across Uptown and the Med Center.

Connecting Our Downtown Destinations

A world-class downtown is defined by the life at its feet. While Houston boasts premier “jewels” like the Theater District, stadiums, and Discovery Green, our next era of competitiveness relies on filling in the connective tissue. Much as the tunnel system once linked isolated investments into a network, we are now applying that logic to the surface to evolve from a collection of “islands” into a unified, street-level destination.

Building off the Main Street Promenade, Downtown Houston+ is aligning public and private investment to create a robust network of pedestrian-prioritized corridors. This begins with public leadership on Texas Avenue—Phase 1 of the Cool & Connected Corridors initiative— which mitigates the urban heat island effect

through strategic shade, lighting, and greenery. Simultaneously, private sector alignment on McKinney Street ensures the path between Discovery Green and Main Street is shaded, welllit, and consistent across property lines.

This infrastructure is amplified by seasonal programming like the City Lights holiday campaign, which uses these corridors to link major destinations through “Sweet Spots” and photo ops. Looking toward 2026, this network will expand with additional corridors, enhanced wayfinding, and a unified district identity. This growing connectivity will be essential as we welcome the 2026 FIFA World Cup, ensuring our premier assets are tied together by a vibrant public realm ready for the global spotlight.

Doing Business Downtown

What Stands Out

• Office Recovery Continues Steady Climb: In 2025, total employee activity reached 78.0% of 2019 levels, reflecting a 5.8% annual increase— the strongest post-pandemic performance to date. Individual employees were approximately 94% recovered from 2019 levels.

• Submarket KPI’s Improving: At the end of 2025, market asking rents were up 1.4% yearover-year to a current rate of $36.11 per square foot. Vacancy and availability are down 0.9% and 2.4% year-over-year, respectively.

• Net Absorption Climbs into the Green: 2025 saw over 500,000 square feet of net absorption in the office market, marking the first year of positive net absorption since 2019.

Q4 2025 Leasing Activity

SOURCE:

Q4 2025 Office Stats

Downtown’s Largest Private Employers

SOURCE:

Industry as a % of Occupied Square Footage

SOURCE: COSTAR

SOURCE:

DTH+ Awards $1M+ in Grants to Downtown Businesses in 2025

In 2025, Downtown Houston+ awarded more than $1 million in economic development grants through its public partners—the Houston Downtown Management District and the Downtown Redevelopment Authority—supporting visible, public-facing improvements across Downtown. All grants require a 1:2 match, ensuring public investment is paired with private commitment to deliver catalytic projects that strengthen the district’s built environment.

Through the Houston Downtown Management District, nine Thrive Storefront Grants were awarded, generating $539,000 in total leveraged investment. These grants support exterior enhancements that activate streets and sidewalks, with many projects focused on outdoor cafes and patio spaces. Eligible improvements include lighting, signage, shade structures, barricades,

archways, doors and windows, with awards capped at $50,000 per business.

The Downtown Redevelopment Authority / TIRZ #3 awarded two Facade Improvement Grants, resulting in $447,000 in leveraged investment to restore and preserve building facades along public rights-of-way. Notably, the historic Kiam Building received a maximum $250,000 grant to restore 102 windows, six doors, and add a 140-foot wraparound canopy, reinforcing its architectural presence and enhancing the public realm. Facade grants support full-building improvements with awards up to $250,000 per project.

Together, these investments reflect DTH+’s continued focus on advancing Downtown’s streetscape and economic vitality through a catalytic role in public-private partnerships.

Living Downtown

What Stands Out

• 2025 Development: Ely at the Ballpark delivered 229 residential units in Q4 2025, increasing vacancy 2.3% compared to Q3 and 1.8% year-over-year.

• Temporary Construction Lull: With the delivery of Ely at the Ballpark, this is the first time since the beginning of 2013 without ground-up projects in the residential pipeline.

• Residential Amenities Incoming: In Q4, the Downtown Redevelopment Authority approved $500,000 in incentives for Henderson & Kane to open a market, grocery, and restaurant space across from Market Square Park.

Residential Inventory

SOURCE: COSTAR

45

8,451

Q4 2025 Residential Statistics

SOURCE: COSTAR

SOURCE: COSTAR

SOURCE:

Henderson & Kane Lands Location at Market Square

In December, the Downtown Redevelopment Authority took a decisive step toward strengthening everyday livability in Downtown Houston, approving a $500,000 economic development inducement to bring Henderson & Kane—a beloved, locally-rooted grocer and restaurant—into the Market Square Historic District.

Set to open in 2026 at 315 Travis Street, directly across from Market Square Park, the 5,000-square-foot neighborhood market will deliver a long-sought daily-use amenity to one of Downtown’s most established residential pockets.

The inducement addresses a long-standing feasibility gap by investing directly in the building, converting a historic space into a combined grocery, market and restaurant. By reducing the upfront costs that have historically challenged urban grocery, the investment permanently positions the property for neighborhood-serving retail.

Within a 10-minute walking radius:

• 3,400+ residents

• 18.7M SF of office space

• 2,600 hotel keys

This action followed years of research and engagement—including the Grocery Feasibility Study, Downtown Strategic Retail Plan, and Downtown Residential Survey—all of which pointed to public investment as the catalyst required to unlock grocery access Downtown.

Market Square, shaped by sustained residential growth and layered public investments, has evolved into a true neighborhood ready for its own essential infrastructure. This move provides a walkable anchor that supports local food systems, activates street life, and reinforces Downtown’s transition from destination to fullservice residential community—turning analysis into action.

Looking Ahead

Downtown Houston’s

Top 20

From hosting mega sporting events to tapping greater value from underperforming outdoor spaces, 2026 will shine a global spotlight on Downtown Houston.

Browse the DTH+ Top 20 Agenda for Action and see how each move aims to burnish Downtown’s reputation with tangible advances in livability, storefront vibrancy, walkability, resources and resiliency.

Implement Cool + Connected Corridor on Texas Ave. and launch supporting brand campaign.

Produce and manage safe, clear, and comfortable pedestrian pathways between key World Cup activity centers.

Create events and programming aligned with sports megaevents that celebrate Houston’s diversity and pride as host city.

Complete the Main Street Promenade and resurface major streets before the FIFA Men’s World Cup.

Introduce a comprehensive place management strategy to position Main Street Promenade for success.

1 2 3 4 5 6 7 8

Launch office tenant recruitment and retention support plan.

Devise strategies to activate privatelyowned outdoor spaces.

Enhance the fan experience with game-day programming.

Collaborate with city, county, and philanthropic leaders to advance mixedincome housing Downtown.

Construct recreational amenities in Market Square Park that improve neighborhood livability.

Coordinate and align strategic messaging and programmatic investments among key Downtown organizations.

Create compelling urban design and land-use guidance to encourage connectivity and pedestrian activity.

Build a broad network of Downtown residents and storefront owners to drive demand and support districtwide business expansion.

Initiate “Fresh Start” neighborhood market grant program.

Secure four toptier national earned media placements elevating Downtown Houston’s profile.

To be revealed February 12! 9 10 11 12 13 14 15 16 17 18 19 20

Pursue a 30year district term extension for DRA / TIRZ3 to maximize Downtown investment capacity.

Conduct proactive, strategic storefront tenant attraction efforts.

Diversify and expand resources through a new sponsorship program and a Boardled membership initiative.

Continue to coordinate and implement the plan to end street homelessness in Downtown.

About DTH+

Contributing Staff

David Cisneros Economic Development Manager

Brendan Harrison Research & Economic Development Coordinator

Cassie Hoeprich Director of Planning & Economic Development

Justin Jerkins Communications Specialist

Kristopher Larson President & CEO

Clint Self Creative Strategy Lead

Ann Taylor Director of Engagement

Contributing Photographers

Blake Hobson

Bonfire Photo

Egidio Narvaez

Houston First Corporation

Maria Lysaker

Sources

CoStar Downtown Houston+

Houston First Corporation Placer.ai

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. Downtown Houston+ represents a family of aligned entities – Central Houston, Inc., Houston Downtown Management District and Downtown Redevelopment Authority – which advance a shared mission to champion and enhance Downtown Houston as a connected and thriving place for everyone. For more information, visit downtownhouston.org

Houston Downtown Management District

Greater Downtown

If you have inquires

cassie.hoeprich@downtownhouston.org To

Our Boards of Directors

Houston Downtown Management District (HDMD)

OFFICER NAME

TITLE / ORGANIZATION

Chair Leslie Garcia Ashby Partner, Ashby, LLP

Vice Chair Robbi Jones President, Kipling Jones & Co.

Treasurer & Investment Officer Richard Torres President and Executive Director, CHRISTUS Foundation for Healthcare

Secretary Marian Harper Vice President, Foundation Development, Houston Astros LLC

Director Sean Alley Director of Property Management, Brookfield Properties Operated by CBRE

Director Kinder Baumgardner Managing Partner, SWA

Director Genora Boykins Sponsorship Counsel, NRG Energy, Inc. & Board Chair, South Texas College of Law

Director Clay Crawford Partner, Sears & Crawford L.L.P.

Director Marcus Davis Owner, Kulture

Director Jacques D’Rovencourt General Manager, Hilton Americas-Houston

Director Kelly Foreman

Executive Vice President, Amegy Bank

Director Irma Galvan Owner, Irma’s Original

Director C.C. Huang CPC Corporation

Director Angus Hughes

Executive Director, Cushman & Wakefield

Director Antoinette M. (Toni) Jackson Principal, The Banks Law Firm

Director Roland Kennedy Internal Stakeholder Manager, Corporate Real Estate, Chevron

Director Spencer Lightsey

Associate Director of Corporate & Foundation Relations, University of Houston Downtown

Director Sean Liu General Counsel, Outpost

Director Benjamin Llana Vice President - Development, Skanska

Director Nick Massad III

Senior Vice President of Development, American Liberty Hospitality

Director Sherea McKenzie Executive Director, J C Hester House

Director Tyler Merritt Vice President, Asset Management U.S. Division, Brookfield Properties

Director Kenny Meyer President, MC Management & Development

Director Brandon Oliver Vice President, Supply Chain & Strategic Sourcing, CenterPoint Energy

Director Edna Ramos Downtown Property Owner

Director Frem Reggie Managing Director, Hines

Director Joey Sanchez Founder & CEO, Cup of Joey

Director Reggie Wilson Partner, Norton Rose Fulbright

Downtown Redevelopment Authority (DRA)

OFFICER NAME TITLE / ORGANIZATION

Chair Curtis Flowers Executive Director, J.P. Morgan

Vice Chair Michele J. Sabino Consultant, Third Sector Services

Treasurer & Investment Officer Keith Hamm Emeritus Professor of Political Science, Rice University

Secretary Barry Mandel President & Park Director, Discovery Green, Retired

Director Regina Garcia Interior Design, Curator Consultant, Corporate Gifts

Director James B. Harrison Principal, Harrison Kornberg Architects

Director Kirby Liu Managing Director, Lovett Group

Director Tiko Reynolds-Hausman Chief of Staff of Operations, Harris County Precinct 2

Director William J. Taylor, III Director, Development and Infrastructure, Harris County Precinct 1, Retired

Our Boards of Directors

Central Houston, Inc. (CHI)

OFFICER NAME TITLE / ORGANIZATION

Chair Stephanie Burritt Principal | Managing Director, Gensler

Vice Chair & Treasurer Alex Jessett President and Chief Financial Officer, Camden Property Trust

Secretary David Ruiz SVP, Community Relations, Bank of America

President & CEO Kristopher Larson President & CEO, Central Houston Inc.

Director Ryan Barbles Managing Director, Stream Realty

Director Loren Blanchard President, University of HoustonDowntown

Director Ric Campo Chairman & CEO, Camden Property Trust

Director Leah Casey Senior Manager - Corporate Affairs, Chevron

Director Dilip Choudhuri President & CEO, Walter P Moore

Director Priya Coffey Partner, Jackson Walker

Director Matt Damborsky Executive Vice President, Skanska

Director Johnathan J. Edgeller Managing Director & Region Manager, JPMorganChase

Director Mark C. Evans Co-Chairman, Bracewell LLP

Director Jamie Flatt LEED AP & Director of VISTA, Page, now Stantec

Director Adam Green Shareholder, Baker Donelson

Director Hillary Hart Executive Director, Theatre Under The Stars

Director Michael Heckman President & CEO, Houston First Corporation

Director Jeffery Hildebrand Founder and Executive Chairman, Hilcorp Energy

Director Tom Jasien Interim President & CEO, METRO

Director Joe Jett Partner, Ernst & Young

Director Steven J. Kean President & CEO, Greater Houston Partnership OFFICER NAME TITLE / ORGANIZATION

Director Giles Kibbe Senior VP & General Counsel, Houston Astros

Director Tyler Merritt Vice President Asset Management, U.S. Division, Brookfield Properties

Director Ira Mitzner President & CEO, RIDA Development Corp

Director Niloufar Molavi Global Leader Oil & Gas, PwC

Director John Mooz Senior Managing Director, Hines

Director Stephen Newton Managing Director/Area Manager, Russell Reynolds Associates

Director Hong Ogle Houston Market President, Bank of America

Director Jessica O’Neill President of Business Operations, Houston Dash & Dynamo

Director Kathy Payton President & CEO, Fifth Ward Community Redevelopment Corporation

Director Daron Peschel Sr. Vice President In Charge, Federal Reserve Bank, Houston Branch

Director Theola Petteway Retired Executive Director, OST/Almeda Corridors Redevelopment Authority

Director Cody Schneider Shareholder, Winstead

Director Gretchen Sheirr

President of Business Operations, Houston Rockets

Director Dave Stevenson President, Amegy Bank

Director Aaron Thielhorn Houston Market Leader, Managing Director, Trammell Crow

Director Michael Vinson Tax Partner, KPMG LLP

Director Jennifer Wagner Partner, Office Director & Studio Practice Leader, Education, HKS Architects

Director Ryan Walsh CEO, Harris County-Houston Sports Authority

Director Jason Wells President & CEO, CenterPoint Energy

Director Melinda Yee

Houston Managing Partner, M&A Transaction Services, Deloitte