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I am surprised nobody has mentioned this news... Lyme Properties of Cambridge, MA has announced that it has closed on property located at 1911 Holcombe between the Spires Condo and the Ronald McDonald House. Plans call for a building that will house 25,000 square feet of retail/restaurant space, 125,000 square feet of research and lab space, and 350,000 square feet of medical office space. The best news is that Lyme Properties erects FIRST CLASS projects. Here's a look at a similar sized building rising in Boston's Longwood Medical Center right now. The Blackfan Research Center will have underground parking and rise 300 feet above ground (18 floors). It's also another sign that the Texas Medical Center is really taking off. I cant wait to see what the Houston project will look like. To see more examples of Lyme's work, check out www.lymeproperties.com
Bisnow reports of a 2 acre site at Cambridge and Holcombe in medical center that will be put into the market. It's said a highrise will be seen there. http://www.bisnow.com/commercial-real-estate/houston/multifamily-monday-private-equity-goes-suburban/ Renderings and latest info: http://blog.chron.com/primeproperty/2015/01/dinerstein-to-break-ground-on-high-rise-rental-tower/#21137101=0