Mar 22, 2017
Houston healthcare market booms: 6M SF under construction
HOUSTON – Currently there are more than 6 million sf of new hospitals and expansions and medical office buildings under construction or in the late planning stages.These include major expansions...
HOUSTON – Currently there are more than 6 million sf of new hospitals and expansions and medical office buildings under construction or in the late planning stages.
These include major expansions in the Texas Medical Center and a wave of new development in the suburbs as healthcare providers seek to expand their reach into suburban areas.
Major healthcare construction projects in Houston include:
- The Houston Methodist North Tower, a 1 million-sf tower valued at $697 million in the Texas Medical Center;
- Memorial Hermann’s 1.34 million-sf expansion in the Texas Medical Center valued at $650 million;
- The Houston Methodist Woodlands Hospital (470,000 sf) and Medical Office Building 2 (160,000 sf) valued at $326 million; and
- The Memorial Hermann Cypress Medical Center, 321,000 sf valued at $117 million.
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