Kenneth L. Schnitzer, the chairperson of the Century Development Corporation, envisioned Greenway Plaza, which became the first mixed-use development in Houston. Century took realtors from outlying towns around Houston and had them buy individual parcels for very inexpensive prices while trying not to attract attention. One homeowner found out about the plan and asked to have the house sold for $350,000. At the time it was a lot of money for a house that was small. The company paid the money so it could secure the tract the house sat on. The grand opening took place in 1973. Schnitzer said that Greenway Plaza would become a "second
downtown". Around 1996
T Mobile leased space in 2 Greenway Plaza. Circa 2003 the
Houston Rockets moved out of what was the Compaq Center, and that building became the
Lakewood Church Central Campus. Nancy Sarnoff of the
Houston Chronicle wrote that the adjacent Greenway Plaza became "sleepy" as a result of this change, and that in 2017 Greenway Plaza had a lack of activity during nighttime periods despite its heavy activity during the day; therefore, according to Sarnoff, Greenway Plaza "feels like downtown Houston did 10 or 20 years ago". In 2004 Crescent attempted to sell a 50% equity position in both Greenway Plaza and
Houston Center. During that year,
El Paso Corp., a major tenant with in Greenway Plaza, announced that it was vacating the property and moving its personnel to its
Downtown Houston headquarters. A
Houston Business Journal article stated that El Paso was expected to sublease the space until 2014, when its lease will expire. In 2005 the internet service provider
Internet America had offices in Greenway Plaza. During the afternoon of Monday July 29, 2013,
Cousins Properties, a company based in
Atlanta, announced that it was buying the entire Greenway Plaza complex and a
Downtown Fort Worth office tower. Nancy Sarnoff of the
Houston Chronicle stated that Cousins was expected to pay $1.1 billion in cash. By 2017 the owner was Parkway Inc., which planned to renovate Greenway Plaza. ==Composition==