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New 350-Unit Downtown Houston Tower Launches Construction by 2028
A 28-story project at 1200 Travis Street will add 350 units to downtown Houston by 2028.
How we reported this
City officials issued construction permits this week for a 28-story apartment tower at 1200 Travis Street in downtown Houston that will deliver 350 rental units starting late 2028.
The project arrives as Houston absorbs steady job growth in energy and health care while new multifamily construction in the urban core remains limited. Developers secured financing from local banks after land prices along Travis Street stabilized following a two-year dip.
Connections to established Houston districts
The tower sits one block from the METRO Red Line station at Main Street Square and two blocks from the George R. Brown Convention Center. Residents will have direct access to the Downtown Houston Management District’s clean-and-safe programs that cover street maintenance and public safety patrols. The location also places the building within walking distance of the Toyota Center and the Houston Astros’ Minute Maid Park.
Planners incorporated ground-floor retail space along Travis Street to align with the district’s existing streetscape guidelines. The design includes 80 units reserved for households earning up to 80 percent of area median income under the city’s density bonus program.
Rental data and next steps for Houston residents
A June 2026 report from the Houston Apartment Association showed a citywide vacancy rate of 6.1 percent and an average asking rent of $1,650 per month. Downtown submarkets posted lower vacancy at 4.8 percent, with one-bedroom units averaging $1,920. The new tower’s projected rents start at $1,850 for studios, according to preliminary marketing materials filed with the city.
Leasing is expected to open in early 2027. Prospective tenants should contact local brokers registered with the Houston Association of Realtors and review listings on the city’s affordable housing portal once applications open.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.