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Shell Oil Selling 21 acres at Texas Medical Center in Houston
In Houston commercial real estate news we often look for the next blockbuster mega deals that will be a major catalyst in an area for the next opportunity or boom. 
Shell Oil Company has placed 21 acres of land located south of the Texas Medical Center and adjacent to the proposed site of the Texas Medical Center 3 (TMC3) Innovation development proposed in Houston. The site consists of existing office building, parking garage, and warehouses. The property is expected to generate multiple offers and sell this year and developed into a mixed use concept. 
Many developers are converging on the Texas Medical Center to build projects capitalizing on the largest and most advanced medical treatment and research campus in the world. Many projects are outside of medical development but are necessary to support growth and infastructure of the Medical Center that is the core of Houston's economic growth. Projects include multifamily apartment development, retail development, hotels, convention and meeting space many of which are luxury scale projects. 
In 2015 Mike Wong and his associates worked with a hotel developer to acquire land in the Texas Medical Center, design, and develop a boutique hotel catering to the growing demand from international medical tourism. The project is ... more

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