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Dow digs up new office space in Houston's Energy Corridor

Dow will occupy nearly two-thirds of office space at Midway's CityCentre Six office tower that's currently being built in the Energy Corridor. Photo courtesy of Midway

Dow Chemical has signed up to be the anchor tenant at the CityCentre Six office tower under construction in Houston’s Memorial City area.

Dow will occupy nearly two-thirds (65 percent) of the 308,000 square feet of office space at the 19-story building, or about 200,000 square feet. The company will relocate employees there from its Houston Dow Center offices at Enclave Plaza in the Energy Corridor.

The current lease expires in 2026. Dow has leased the Energy Corridor space for 15 years.

Houston-based real estate investor and developer Midway recently broke ground on the $87.5 million, 320,000-square-foot CityCentre Six tower, which will be adjacent to the headquarters of Marathon Oil.

“Dow’s commitment as the anchor tenant has been a driving force behind the project’s strong momentum and underscores the strong leasing demand for CityCentre office space, which remains 100 percent leased,” says Chris Seckinger, vice president of investment and development at Midway. “Their presence not only confirms the tower’s status as a premier business destination but also reflects the confidence leading enterprises have in our vision for the district.”

Photo courtesy of Midway

The new tower, set to be completed in 2026, is one of the latest additions to the 47-acre CityCentre mixed-use development.

“Our plans for CityCentre’s north site have been in the works for almost a decade, and CityCentre Six is a significant step towards realizing our long-term vision for the development,” Seckinger said in a January 2024 news release.

Midway’s CityCentre Seven, a six-story office building and hotel, is also under construction at the mixed-use development. The Four Points by Sheraton Houston West hotel currently occupies the site.

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A View From HETI

The Woodlands-based Lancium has licensed patents to ERCOT that help increase or decrease power consumption during peak periods or emergencies. Photo courtesy of ERCOT

Lancium, a company based in The Woodlands that specializes in infrastructure for connecting large-scale data centers to power grids, is licensing a portfolio of patents to the Electric Reliability Council of Texas (ERCOT) at no cost.

In a news release, Lancium says the intellectual property agreement “ensures ERCOT can sublicense these patents freely, thereby expanding market participation opportunities without risk of patent infringement disputes.”

“This agreement exemplifies Lancium’s dedication to supporting grid stability and innovation across the ERCOT region,” Michael McNamara, CEO of Lancium, said in a news release. “While these patents represent significant technological advancements, we believe that enabling ERCOT and its market participants to operate freely is more valuable for the long-term reliability and resilience of the Texas grid.”

The licensed patents encompass Lancium technologies that support load resources in ERCOT’s market, which covers about 90 percent of Texas. Specifically, the patents deal with controllable load resources. A controlled load resource allows ERCOT and other grids to increase or decrease power consumption during peak periods or emergencies.

ERCOT predicts power demand in Texas will nearly double by 2030, “in part due to more requests to plug into the grid from large users like data centers, crypto mining facilities, hydrogen production plants, and oil and gas companies,” The Texas Tribune reported.

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