Search the Community

Someone please tell me more about this project. This would be for the Texas Medical Center at the corner of Main & Holcombe, where the Bank of America building sits. http://www.slideshare.net/QingjingZuo/smilodon-rendering-collection-20154-47319504

Great Wolf Lodge waterpark resort big step closer to opening in Webster, Texas - Houston Business Journal (bizjournals.com)

technically, it's at Grand/Alice, but 288 and OST are within walking distance. Possibly called Med Park? That's what it's referred to on the agenda. from the planning commission

Noticed this completed development on Medistar's website. https://medistarcorp.com/completed/ Completed in 2010, Medistar developed St. Luke's Sugar Land Hospital and Medical Plaza as a five-story, 220,000 square foot hospital. The hospital is complemented by a five-story, 125,000 square foot medical office building featuring a linear accelerator to support MD Anderson Cancer Center, a major tenant in the MOB.

https://urldefense.proofpoint.com/v2/url?u=https-3A__www.bizjournals.com_houston_news_2017_11_17_exclusive-2Dmedistar-2Dto-2Ddevelop-2Dhealth-2Dcare-2Dtower-2Din.html&d=DwIFAg&c=Nwf-pp4xtYRe0sCRVM8_LWH54joYF7EKmrYIdfxIq10&r=blKN8VopvORAS0wfhRwbytKy3LX7VRXXkSGAZ5grTVE&m=oKU_5Ug6V8IJKYixwlZLicFxT7bwrDWZ7k3QPqzFwBI&s=uDs1_LFkk24xzLzhNZ31xvHRCcLU97r55jO4sstW_H0&e= New Design: http://media.bizj.us/view/img/11203455/innovationtower.jpg

I went to school at AI of Houston across the street. That was 7 years ago. At that time I think there were plans for apartments. 🤔

Saw this on the Houston Bus Journal site: Medistar tests medical mall marketHouston Business Journal - by Jennifer Dawson Houston Business Journal The prolific developer wants to create a high-rise medical mall that would cater to Houston's health care hub -- the Texas Medical Center. Hourani, CEO of Houston-based Medistar Corp., has spent decades developing health care-related facilities. Now he wants to build something unique to Houston's medical community. Medistar plans to spend between $175 million and $200 million to develop at least a 600,000-square-foot building that would be located just outside of Texas Medical Center boundaries, on Medistar-owned land. The high-rise would house offices and showrooms for companies that sell equipment, supplies and pharmaceuticals to Texas Medical Center institutions. Tenants could also include organizations working to develop new medical technologies and treatments. http://houston.bizjournals.com/houston/sto...1496400^1581793

I noticed a variance request sign up on the fence of the parking lot between the Rice Collaborative Research Center construction and the Hilton Hotel. Does anybody know what it could be?

Medistar Developing Psychiatric Hospital in Clear Lake City https://realtynewsreport.com/2019/12/30/medistar-developing-psychiatric-hospital-in-clear-lake-city/

(Tower on the left, and the Glass tower on the right) http://www.medistarcorp.com/developments.shtml#development1 Does anyone know any additonal info on this? Medistar Corp. (the developer) recently has had problems with their developments.....

http://www.bizjournals.com/houston/blog/2015/03/exclusivenew-office-development-to-rise-on-23.html

Bay Area Houston Regional Medical Center Hospital Development: http://www.bizjournals.com/houston/print-edition/2011/04/29/new-hospital-coming-to-webster.html

St. Luke's to branch out By NANCY SARNOFF Copyright 2007 Houston Chronicle St. Luke's Episcopal Health System is planning to build a hospital on this vacant lot in Webster. St. Luke's Episcopal Health System is planning a hospital in Webster, a major addition to what area leaders call "the Medical Center of the south." The multistory facility, which is expected to have about 170 beds, is being called St. Luke's Clear Lake Hospital and will be developed by Medistar Corp., a Houston-based medical real estate developer. For St. Luke's, the hospital is part of its strategy to expand into the suburbs to better serve patients who live in the area's outer reaches. The hospital system also has facilities in The Woodlands, which it is expanding, and one in Sugar Land is under construction. A group of physicians will own 49 percent of the Webster hospital, which the developer said could be expanded by two floors and will cost up to $160 million to build. http://www.chron.com/disp/story.mpl/business/5118161.html

http://www.medistarcorp.com/developments.shtml

Sept. 17, 2004, 11:20PM Olajuwon to score big profit on old Federal Reserve sale Bank building likely will be medical offices By NANCY SARNOFF Copyright 2004 Houston Chronicle The transformation of the sleepy south end of downtown has taken another step forward with a deal to sell the Federal Reserve bank building to a developer. ADVERTISEMENT The seller is retired basketball star Hakeem Olajuwon, who will reportedly turn a big profit on the property purchased four years ago. The buyer, Medistar Corp., is a Houston-based firm that builds hospitals and doctors' offices around the country. It will likely develop a medical office facility on the site, which is near Christus St. Joseph Hospital. The Federal Reserve building sits in a part of downtown that hasn't seen as much new development action as the north side. But that is starting to change. A new headquarters building and transit center for the Metropolitan Transit Authority at 1900 Main will be completed within a few months. And a new Roman Catholic cathedral is expected to break ground early next year on a site adjacent to the federal building. Even Christus St. Joseph Hospital has started a $130 million capital campaign for expansions to existing facilities, a new patient tower and a medical office building. Olajuwon purchased the federal building and an adjacent parking lot in 2000, when he was transitioning a career on the courts to one in real estate. At the time, he paid about $4.3 million for the property, which he leased back to the Fed. Medistar has contracted to buy the downtown building and parking lot for about $13 million. While some type of medical facility is likely to replace the federal bank building, Medistar official Wayne Green said his company is considering other options after the company closes on the deal, which is expected by year end. "We are in the process of conducting a feasibility study to determine the highest and best use of this property, which may or may not include medical," he said. In any future development, additional floors likely will be added to the existing property. Constructed around the 1950s, the bank building was designed to be expanded vertically, said David Cook of Cushman & Wakefield, who is brokering the sale to Medistar, along with Jeff Peden and Marshall Davidson. Olajuwon bought the building, which is almost 100,000 square feet, with an agreement to lease it back to the Federal Reserve until the bank's new building was completed. Next year the Federal Reserve Bank will relocate to an Allen Parkway facility that is three times the size of its downtown building. In recent years, Olajuwon has acquired other properties ranging from a historic downtown building, which he turned into a religious mosque, to an abandoned shopping mall in Missouri City. Olajuwon has done little with most of the properties he has purchased, opting to sell many of them for a hefty profit. Last year, Medistar took possession of another site owned by Olajuwon near the Texas Medical Center. It is expected to have a medical-related use. Plans for that parcel are under evaluation, Green said