Baylor St. Luke Texas Medical Center Expansion Underway
As a commercial real estate agent and developer the Texas Medical Center has provided clients with unique and tremendous opportunities for infill projects and investments. The Texas Medical Center continues to expand with more capital investments from the core partners and creating additional demands and needs for supplemental projects and developments. Mike Wong and his team have structured multiple projects in the area and seeking more developer clients for other key opportunities identified in this submarket.
Here is more exciting news for the Texas Medical Center:
Baylor St. Luke's Medical Center officially broke ground on their Tower 2 project in the Texas Medical Center. Tower 2 is a 420-patient bed tower at 7200 Cambridge. The project is part of the 27.5-acre, $1.1 billion campus that will serve as the home to the collaboration between Baylor College of Medicine and Catholic Health Initiatives. Plans for the campus also include the future site of the Texas Heart Institute. The project is located near the Michael E. DeBakey VA Medical Center.
The campus will also include a $916.8 million, 650-bed hospital built across two towers. Additional development plans include a medical office building, an outpatient clinic, and additional research facilities. The interior construction of Tower 1 is underway now.
The campus is expected to be completed in 2019.
Will major developments and expansion of the Texas Medical Center announced and already under construction there is a tremendous opportunity for developers to capitalize on infill projects and developments such as multifamily, hotel, retail, and high density residential condo developments. Contact Mike Wong for opportunities. As development and expansion continues in the area, it will continue driving land prices up and lure developers to acquire sites leaving few opportunities in the market.
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