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UH buys 17 acres downtownUH buys 17 acres downtownhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=132842016-05-24T05:00:00Z

​​​HOUSTON - A large swath of downtown property will be acquired by the University of Houston-Downtown, the UH system announced.

The university's Board of Regents approved a plan to buy 17 acres immediately to the north of the Main St. campus from the Metropolitan Transit Authority.

The purchase price: $13.2 million.

The acquisition will increase the size of the university's downtown digs to 40 acres on both sides of I-10.

The land is expected to house a new Science and Technology Building, approved by the Texas legislature in spring 2015.

The university is in the process of selecting an architecture firm to design the new science building, which it hopes to have open by summer 2019.

Combined with two adjacent parcels of land the school already owns, the 17-acre tract will give it control of 27 contiguous acres bordered by White Oak Bayou to the west, North Main to the east, the Union Pacific railroad tracks to the north and the existing UHD campus to the south.​

The downtown plan comes on the heels of another planned acquisition by the school to buy 46 acres in Katy for a new campus for nearly $14 million.

Houston Chronicle
Houston-The Woodlands-Sugar Land
Education
http://www.chron.com/business/real-estate/article/UHD-buying-17-acres-downtown-7940337.phpRead more at the {Source}

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