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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!

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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?

Edited by Lux
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Separate from this thread, I'm excited to see how TMC3, Levit Green, etc. directly impacts nearby housing with all of these high-paying jobs being created in the area.  The clear beneficiary imo is the Museum District with it's immediate access to Hermann Park, adjacent to one of the nations best cluster of art/cultural institutions, and a growing number of great restaurants.  It seems more land has been trading in the area as of late, so perhaps developers are positioning for an influx in demand.  I could see this becoming a much more dense and affluent area in the next several years.  Feed me more Boone Manors.

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4 hours ago, Lux said:

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?

I feel like I read earlier that the underground parking would all be connected.  Sort  of like the Theater District parking

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2 hours ago, CREguy13 said:

Separate from this thread, I'm excited to see how TMC3, Levit Green, etc. directly impacts nearby housing with all of these high-paying jobs being created in the area.  The clear beneficiary imo is the Museum District with it's immediate access to Hermann Park, adjacent to one of the nations best cluster of art/cultural institutions, and a growing number of great restaurants.  It seems more land has been trading in the area as of late, so perhaps developers are positioning for an influx in demand.  I could see this becoming a much more dense and affluent area in the next several years.  Feed me more Boone Manors.

I bet it'll spill over 288 into the Third Ward as well as more affordable housing is sought. There are already new apartments and houses being rebuilt over there and this will increase that.

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2 hours ago, CREguy13 said:

Separate from this thread, I'm excited to see how TMC3, Levit Green, etc. directly impacts nearby housing with all of these high-paying jobs being created in the area.  The clear beneficiary imo is the Museum District with it's immediate access to Hermann Park, adjacent to one of the nations best cluster of art/cultural institutions, and a growing number of great restaurants.  It seems more land has been trading in the area as of late, so perhaps developers are positioning for an influx in demand.  I could see this becoming a much more dense and affluent area in the next several years.  Feed me more Boone Manors.

The future X Co. apartments, whatever Related Group is going to build, Museo Plaza high rise and the high rise apartments connected to TMC3. Hopefully they all get started soon.

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6 hours ago, CREguy13 said:

Separate from this thread, I'm excited to see how TMC3, Levit Green, etc. directly impacts nearby housing with all of these high-paying jobs being created in the area.  The clear beneficiary imo is the Museum District with it's immediate access to Hermann Park, adjacent to one of the nations best cluster of art/cultural institutions, and a growing number of great restaurants.  It seems more land has been trading in the area as of late, so perhaps developers are positioning for an influx in demand.  I could see this becoming a much more dense and affluent area in the next several years.  Feed me more Boone Manors.

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.

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That is a really big crane to put up a tower crane, that size of crane makes me think it's going to be lifting precast concrete structures for either a parking garage or for a building. I guess it could put up the tower crane while it's on site but to build a crane that size it makes me think it's going to be there a while.

Edit: The fact that it's on crawler tracks means it will be moving around, most AT cranes sit in one optimal spot to erect a tower crane. It takes too much time and manpower to erect and disassemble an AT crane and they can't move once assembled.

Edited by hindesky
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@Lux My 2-year-old would love playing in this water feature.  Can't wait to see the full size mock-up and final installation.  Does anyone know if any real work has started on the Helix Gardens (besides site prep)?

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On 3/21/2022 at 6:40 PM, KirbyDriveKid said:

They're airplane window photos so apologies for the quality, but figured I'd share my shots from the ever-scenic Hobby Airport takeoff path.

Med Center.jpg

Zoom.jpg

Awesome shots!

Do we seriously not know anyone that operates a helicopter or has a pilots license? We have a bunch of drone operators on here, but it still doesn't beat a shot from a plane or a helicopter.

Edited by Luminare
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  • 2 weeks later...

Nice renders. It’s definitely a unique building. I think the only one here in Houston it immediately reminds me of is one of the HQs on 10 in the Energy Corridor,. (Dunno which one though off the top of my head. Maybe it’s BP?) 

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  • 2 weeks later...
  • The title was changed to TMC Helix Park: Texas Medical Center Bio Research Campus

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