How Houston Continues To Grow Economically

As giant cranes dot the downtown skyline, officials expect continued economic growth

The giant cranes dotting the downtown Houston skyline may soon seem like a permanent fixture. Officials expect the building spree in the urban core to continue. 

The recent gathering of about a thousand business and government leaders downtown was like a giant power lunch hosted by Central Houston. The nonprofit corporation is supported by businesses and institutions with an interest in keeping the downtown area vibrant.

Houston’s growth has led to more than $4 billion of development planned and over 40 projects in the central business district.

“We have to compete for businesses and jobs. We have to compete for quality of life. We have to compete for all the things that other cities do. So, you have to constantly focus on what’s new and how you’re going to adapt in the future,” says Central Houston Chairman Ric Campo.

Central Houston’s focus includes enhancement of urban areas.

Campo says these are amenities that are important to people moving into the center of the city.

“You start talking about the 4,300 new apartments that are coming downtown, that’ll bring another 6,000 residents and 1,300 dogs in the pocket parks that we need,” says Campo. “Discovery Green has had 6 million visitors come to it in the last 5 years since it opened.”

Campo says Houston will soon have a Marriott hotel with a 1,000 rooms. That’s in addition to seven more projects under development that will add nearly 8,000 hotel rooms in downtown Houston.

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