MIDWAY ANNOUNCES NEW PROPERTY MANAGEMENT ASSIGNMENT FOR
HOUSTON ENDOWMENT’S NEW HEADQUARTERS
Firm to manage private foundation’s new 32,000square-foot complex
(HOUSTON, TX) –Midway, the privately owned, fully integrated real estate investment and development firm, is pleased to announce it will handle property management services for Houston Endowment’s new headquarters. The 32,000 square-foot building is located on a 1.5-acre site near the intersection of Memorial Drive and Waugh Drive, north of Buffalo Bayou and overlooking Spotts Park. As property manager, Midway will provide routine and preventative maintenance, emergency preparedness and response, risk mitigation and asset preservation.
Since it was created by Jesse and Mary Gibbs Jones in 1937, Houston Endowment has served as a vital source of support and collaboration within the city. The newly constructed workspace will strengthen the foundation’s ability to support collaboration between staff and community leaders around its current priorities in public education, civic engagement, and arts and parks. Over the next 10years, Houston Endowment anticipates disbursing $1 billion in grants to achieve lasting positive change for the region.
“As property manager of The Jones on Main and now the spectacular new headquarter for Houston Endowment, Midway is pleased to be managing two properties that are the legacy of Jesse H. Jones,” said Micah Hart, Midway’s Senior Vice President of Property Operations. “The combination of our uniquely talented team and fine-tuned management process ensures Houston Endowment will receive the highest level of hospitality and service. We look forward to supporting the impactful work the Endowment does in our region for many years to come.”
Los Angeles-based Kevin Daly Architects, with Mexico City-based PRODUCTORA in collaboration with TLS Landscape Architecture won an international competition to design the space. The inspired architecture artfully encapsulates Houston Endowment’s desire to provide an accessible and welcoming space for collaborators while also complementing the adjacent Spotts Park and nearby Buffalo Bayou Park.
The airy structure is best defined by an intricate lattice on the roof canopy, which maximizes the use of daylight within the building and minimizes solar impacts. Beneath the energy-friendly roof, a hybrid steel and cross-laminated timber structure anchors the building in place, making it the first project in Houston to engage this sustainable solution. Additionally, the space is one of few commercial buildings in the city to utilize geothermal heating and air conditioning.