The Texas A&M University System is planning to invest $546m in Texas Medical Center in Houston to house its Engineering Medicine (EnMed) programme and provide housing for medical and nursing students.
Considered to be the largest project in the Texas Medical Center area, the project includes three sub-projects, of which one will be the purchase and renovation of a building and the other two will include the construction of two towers.
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The total cost of the project is $546m, which includes $145m for the purchase and renovation of the 18-storey building and $401m in private sector money for building the two new towers. The two towers will be built under public-private partnerships (P3).
The first project, located at 1020 Holcombe Blvd, where Texas A&M System will renovate an 18-storey building for students under the EnMed programme. The renovation is expected to be completed by this summer.
The second project is the construction of a 19-storey student housing, which will have 572 units and 704 beds. The 365,000ft² facility will also include 1.2 million ft² of parking garage with 3,444 spaces. The building is scheduled to be completed in June 2022.
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The third project, the Integrated Medical Plaza, will have up to 587,000ft² of space and will be a 30-storey building.
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By GlobalDataIt will include 72,000ft² of retail space and 8,700ft² of lush green space. It is also expected to include 13 stories of parking garage. Construction of the building is expected to be completed in June 2023.
Texas A&M University System Board of Regents chairman Elaine Mendoza said: “The Board of Regents of the Texas A&M University System recognized an opportunity in Houston to help Texans and contribute more to the global medical community.
“We are eager and fortunate to further enhance the world’s greatest medical centre through this endeavour.”
Texas A&M University System chancellor John Sharp said: “Texas A&M’s rise in prominence – especially within the health care arena – is reflected with the aggressive expansion of properties near the Texas Medical Center.
“The Houston medical scene is about to see the benefits of Aggie ingenuity and our dedication to service.”
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Image: Rendering of the new complex in Houston. (Credit: Texas A&M University.)
