The site of the former Sears building in Midtown will be the heart of Houston's innovation district.
It's part of an effort to boost the city's innovation economy, which has been lagging behind other large cities.
"We have startups and entrepreneurs and we have developers and designers and we have students and we have investors and venture capitalists and angel investors," John Reale, CEO of startup hub Station Houston, which was part of a task force to find a location, said about the future site. "We bring in corporations who are looking for technology, they're looking for solutions."
The building will be refurbished and the site around it developed.
Reale said the goal is for it to open in 2020, by which he hopes there will be some more development in the area. Currently, rundown lots and a homeless camp mark the area.
The Sears building site was also part of a pitch to bring Amazon's second headquarters to Houston.
But Ed Egan, director of the McNair Center for Entrepreneurship and Innovation at Rice University, opposes the location.
He said the innovation district should be in an area that already has all the infrastructure in place.
"Right now is the moment," he said. "Waiting five years, unfortunately, 10 years, is too long. Houston simply will not be a startup ecosystem player."
Egan considers the site a compromise because, he said, real estate developers in better-suited areas were reluctant to support a tech hub in Houston.
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We're so excited about the repurposing of the historic 1939 #SEARS building for a new #Innovation hub and district! @InnovateHouston #HOUinnovation #innovateHOU@starthouston
WATCH 👉🏿 https://t.co/DFBcq5tizO pic.twitter.com/eYrgInleay— Sylvester Turner (@SylvesterTurner) April 12, 2018
Excited for @HoustonTX's future with the repurposing of historic 1939 #SEARS building for a new #Innovation hub and district! @InnovateHouston #HOUinnovation #innovateHOU #tech #startups @starthouston pic.twitter.com/QcUX9IhO6f
— Sylvester Turner (@SylvesterTurner) April 12, 2018
We're so excited about the repurposing of the historic 1939 #SEARS building for a new #Innovation hub and district! @InnovateHouston #HOUinnovation #innovateHOU@starthouston pic.twitter.com/TukgmcVaQR
— City of Houston (@HoustonTX) April 12, 2018
Mayor @SylvesterTurner & @RiceUniversity announce new #HouInnovation hub inside the historic 1939 #SEARS building
W/ @InnovateHouston #HOUinnovation #innovateHOUhttps://t.co/F6ct5OdU3L— City of Houston (@HoustonTX) April 12, 2018
We lag behind Silicon Valley, Chicago and others in tech innovation — but not for long. @InnovateHouston #HOUinnovation #innovateHOU
— Sylvester Turner (@SylvesterTurner) April 12, 2018
People will take the @METROHouston rail line to the new hub to catch a glimpse of the digital frontier work being done all over the city. @InnovateHouston #HOUinnovation #innovateHOU
— Sylvester Turner (@SylvesterTurner) April 12, 2018
Rice University, which owns the Sears building, and so many others partners will have hands in the new hub. @InnovateHouston #HOUinnovation #innovateHOU
— Sylvester Turner (@SylvesterTurner) April 12, 2018
Important announcement today: Sears Midtown building to become a hub for digital tech and Houston's next economic frontier. @InnovateHouston #HOUinnovation #innovateHOU
— Sylvester Turner (@SylvesterTurner) April 12, 2018