HOUSTON - The former Spring Branch Medical Center property has been sold to BlackSwan Investment Partners with plans for a mixed-use project on the nearly 18-acre site.
The property, at 8850 Long Point between Bingle and Campbell, contains nearly 300,000 sf and once had 299 beds and 19 operating rooms. Much of it was built in the 1980s.
The hospital was founded in the 1950s and was closed by HCG Gulf Coast in April 2010 because of operational losses. It reopened under new ownership in 2011, but closed again in 2012.
The group that purchased the property said the hospital structure is in "excellent condition" and could be saved and reused as part of a new development.
Read more at the Houston Chronicle.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.