Real Estate
Home›Real Estate›Commercial›Stream Realty Partners buys Houston block for 2,053-sp…
Stream Realty Partners buys Houston block for 2,053-space garage
The 12-level garage will connect to One Houston Center via a skybridge and is scheduled to break ground in 2027.
Stream Realty Partners and its joint venture partner acquired a full city block in Downtown Houston to build a new parking garage for Houston Center, the city’s largest office complex.
The project calls for a 12-level structure with 2,053 parking spaces, connected to One Houston Center by a skybridge. Groundbreaking is slated for 2027, and the garage is expected to raise Houston Center’s parking ratio to two spaces per 1,000 square feet.
According to Bisnow, the site is currently a surface parking lot bordered by Walker, Rusk, Caroline and San Jacinto streets. The planned garage will include electric vehicle charging stations, a parking guidance system, security features, enhanced lighting, and wider drive aisle widths.
Bisnow also noted that Stream and its pension fund partner AustralianSuper took over Houston Center in April 2025 after Brookfield Properties transferred ownership. AustralianSuper was the lender for Brookfield’s $219 million mezzanine loan on the property, which Brookfield bought for $875 million in 2018 and renovated after acquiring.