Real estate firm Hines, investment management firm Harrison Street, and 2ML Real Estate Interests have broken ground on the first phase of the Levit Green, a new mixed-use life science district in Texas, the US.
The nine-building Levit Green masterplan will cover more than 53 acres, adjacent to the Texas Medical Center in Houston.
Construction of the five-story Levit Green Building I is planned to be delivered in Q4 2022 with initial occupancy scheduled in December 2022.
Being constructed by DE Harvey Builders, Levit Green Building I is already leased by a tri-coastal team of JLL agency representatives.
Featuring enhanced structural vibration attenuation, Levit Green Building I will comprise 33-foot structural bay depths, and more than 56,000ft2 floorplates.
Its amenities will include a 7,000ft2 conference centre, 5,800ft2 fitness centre and outdoor garden, 3,500ft2 of café and restaurant space and on-site parking.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
The ground floor of the building will comprise more than 25,000ft2 of lab incubator space.
The Levit Green masterplan will offer a mix of research facilities, outdoor amenities, office, retail, and residential.
Hines senior managing director John Mooz said: “We are excited to begin the first of several top-tier projects at Levit Green that are important to the life sciences sector.”
The new life sciences facility will be equipped to support critical research and innovation in Houston.
Levit Green is being developed on former home of The Grocers Supply Co., which served as crucial place for commerce within the city.
The new life sciences facility will support critical research and innovation in Houston. Credit: Hands off my tags! Michael Gaida/Pixabay.