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Lux last won the day on December 24 2021

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  1. One Discovery Way marketing material from Beacon Capital Partners 2022_03_28_BeaconCapital_OneDiscoveryWay.pdf
  2. Updated Transwestern brochure for 1990 OST 😃 Many of the images are repurposed TMC images. The below image stitched together the redevelopment efforts both north and south of OST. Throw in the Hyatt Place + Hyatt House on the corner of OST & Fannin, the upscale Blossom Hotel on Bertner with its two planned Michelin Chef restaurants, and of course all of the planned ground level retail and restaurants throughout TMC3 and UT System Research Park — this area is quickly transforming from a CoH opportunity zone into a bona fide opportunity!
  3. Mayor Turner joins Texas Medical Center to celebrate collaborative building’s construction milestone
  4. Sharing post from myk-d twitter: “Check out this water feature mockup for our TMC3 project in Houston, TX! The mockup examines this pattern of granite layers for flow rate and water effect studies. Next up, full on-site mockups using a beautiful array of the various granite layers! #design #innovation #water”
  5. Community Impact Newspaper (3/3/22) Buildings rise at medical center research campus One year into construction on TMC3, the $1.5 billion medical research campus in the heart of the Texas Medical Center, life science experts and researchers said the project has the potential to add billions to the local economy and change the way Houston is viewed around the country.
  6. Sharing Mikyoung Kim Design’s post on TMC3 landscape design :: Our team has traveled all over the country selecting trees for Texas Medical Center 3 Innovation Campus located in the heart of Houston, TX. Our designers carefully selected trees ranging from 12” caliper Allee Elms in Georgia, to 10” caliper Bald Cypress in Texas, in an effort to turn Houston green! The project features over 650 trees and 30 unique species that once installed will provide cooling and shade to this innovative research campus. Additionally, the planting scheme is inspired by the Post Oak Savanna and Woodland, Blackland Prairie, Columbia Bottomlands, Piney Woods ecological regions. We would also like to give a special thanks to Environmental Design Inc. for the hospitality! #design #innovation #landscapearchitecture
  7. Agree. Museum Park neighborhood, Devonshire Place neighborhood, Central City subdivision and western Third Ward -- all stand to benefit from an influx of life sciences campuses and businesses into the greater Texas Medical Center. University Place, Southside Place, Museum District and West University (as though they need any help) will only continue to flourish with proximity.
  8. It appears from the pics that the subterranean parking for TMC3CB and IB1 may be a shared space connecting under the promenade. Might all underground garages on the campus (TMC3CB, IB1, BCM(x2), A&M, IB2, IB4, & IB3) share a common traversable parking level or does the construction to date suggest otherwise?
  9. In mid 2021, Alexandria Real Estate Equities, Inc. (ARE) executive chairman Joel Marcus likened the current state of Houston commercial life science to that of NYC 20 years ago. “Houston's a little like New York used to be. Maybe it's the closest because they have multiple institutions. They do have a location now in Texas Medical Center which they're trying to coalesce around those institutions. The reality though is in Houston right now, there are not many scientists or academicians or political people who have any experience in translating science. And you really need that. I mean, the Bob Langers of the world out of MIT. Literally none of those exist in Houston. Houston's got world-class clinical, that's really their thing. But there are no rock star scientists in the sense of not many Nobel Prize winners or people like that. That doesn't mean there couldn't be over the next generation. And there's almost no risk capital. Even though there's oil, that industry's taking it on the chin. And there's very little management and talent that you can hire. So Houston would still be extremely early on, where New York was 20 years ago.” In the company’s recent Q4 earnings call, an analyst’s question on rumored Texas market entry yielded the following response from Mr. Marcus: “And I think the final market you asked about was Texas. So for a variety of legal reasons, I can't say anything until the first quarter, and we'll talk about that. But much like New York, when we started in New York, we really spent before we opened the Alexandria Center for Life Science in 2010, we had started an effort in New York back in 2001 as part of Sandy Wild's effort to bring commercial life science to New York City, where none literally existed. And I would say the same is true of Texas. Literally, no real presence of commercial life science down there today, but our intent is to create a market and really bring early-stage commercial life science to Texas, much like we did in New York. So with that, hopefully, long-winded answer.” Connecting the dots, one would surmise that ARE is likely preparing to enter the Houston life sciences CRE arena. Whether this would be through participation in currently emerging campuses (TMC3, Levit Green) or through a new build is purely speculative at present — technically, geographic placement within the state is less than certain as well. Regardless, ARE’s Lone Star moves signal a desire from a major player to get in early and shape the Texas commercial biosciences ecosystem. Positive news for Texas (and hopefully Houston) life sciences CRE!
  10. Building Design + Construction’s recent article “A health crisis gives life to life sciences” highlights TMC3 and Levit Green alongside several nascent US life sciences developments. Obviously, there’s some misinformation (eg, “Gensler-designed Master Plan ”), but good to see Houston get the well-deserved spotlight. — Some sources report that investors and developers are scouring secondary and tertiary markets for opportunities. One of these markets appears to be Houston, which in recent years has notched one the stronger records in the U.S. for growth in life science establishments, according to JLL. “It is an unprecedented time for life sciences and innovation in the U.S., and Houston has all the factors that are required for explosive growth in this space,” Steve Purpura, President of Life Science at Beacon Capital Partners, says. Beacon is a development partner in Phase 1 of the 6-million-sf Gensler-designed Master Plan for Texas Medical Center’s new 37-acre life sciences campus. The campus’s hub, which started construction last January, is the 250,000-sf TMC3 Collaborative Building, whose building team includes Elkus Manfredi Architects, Vaughn Construction, and the landscape architect Mikyoung Kim Design. Texas Medical Center (TMC) and its three academic healthcare partners—the University of Texas MD Anderson Cancer Center, Texas A&M University Health Center, and the University of Texas Health Science Center at Houston—are creating 43,000 sf of joint lab/coworking office space at TMC3. Another 85,000 sf of lab and office space will be developed for industry partners, and 14,200 sf will be earmarked for TMC’s investment platforms. TMC3 Collaborative is scheduled to open in the fall of 2023. According to TMC, a key objective of the master plan—which will include a 521-room hotel, a 65,000-sf conference center, a 350-unit residential tower, and a 700,000-sf industry research building—was to ensure an environment where innovators from healthcare, science, academia, government, and industry could collaborate on new medicines, medical devices, diagnostic, and digital health platforms, and treatment solutions. The result is intended to attract high-quality talent by offering multiple opportunities for mentorship and career growth. “TMC has done the work necessary to seed innovation, build relationships with the world’s leading life sciences companies, and create the infrastructure needed for long-term success,” says Purpura. Under development near TMC3 is Levit Green, a 52-acre, $1 billion mixed-use master plan (also designed by Gensler and Walter P Moore), whose first phase will include a five-story, 270,000-sf life sciences building, designed by HOK and built by Harvey Builders. According to Hines, the global real estate services firm that’s developing Levit Green with 2ML Real Estate Interests, the floor plates inside the life sciences building will average 55,000 sf for fitout flexibility. The building will include 25,000 sf for lab incubator space, and a 7,000-sf conference room. “We are seeing record-breaking R&D spending, creating the need for highly-sophisticated lab space and cutting-edge pharmaceutical facilities,” said Hines in a prepared statement. Roger Soto, AIA, LEED AP, Design Principal for HOK, tells BD+C that the design team “reimagined” the life sciences building at Levit Green “from the point of view of the user.” For example, the building structure is entirely designed around the unique needs of lab planning and vibration criteria, which in turn drives the module and column spacing. Levit Green is scheduled to start accepting occupants in the fourth quarter of next year.
  11. OK, so the architect just posted this image today — design on some parcels may be in flux (as we should expect), so we’ll see how it ultimately shakes out. Regardless, what a stunning campus, and the colors really pop in this rendering! I agree with @tangledwoods in that the biotech hub is built for proximity, views and experience from within the DNA necklace parks. It’ll be like a little city abuzz with activity. Perhaps Levit Green, close to 288, can optimize design for highway views. @monarch, I hear you regarding the positioning. Remember that the hotel was previously shown with curvature, and the curved residential tower sat on top with views looking down the park strand. Regardless of placement, residents couldn’t get any closer to the action.
  12. Nice detail in today’s Elkus Manfredi TMC3 rendering post on Twitter. Lots of trees 🌳 Additionally, note on Parcel B the placement of both University of Houston and Texas A&M signage. The slightly twisted tower design on Parcel F also seems new. This campus view has often been displayed as a night shot, but perhaps this daytime rendering from the architect hints at the current vision.
  13. Austin would tokenize the $teak and make you feel dumb for not understanding the paradigm shift. https://steak.network
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