CREguy13 Posted January 29, 2019 Share Posted January 29, 2019 I know there is an existing forum for the Medistar office project, but Wow. This would have a huge impact. Houston-based Medistar Corp. is expected to begin construction on its next tower in the Texas Medical Center area around the end of the third quarter of 2019, according to a press release from Houston-based Transwestern. Transwestern Executive Vice President Justin Brasell and Senior Vice President Lisa Bovermann are handling health care leasing for the project, dubbed Innovation Tower, per the release. Plans for the medical tower first emerged in November 2017. However, as expected, much has changed since then. Phase 1 of Innovation Tower will contain 476,500 square feet of medical and life science office space above a 1,700-vehicle parking garage, per the release. There will also be retail space and a penthouse-level restaurant and lounge. The building is outside the bounds of the Texas Medical Center, which restricts for-profit businesses from operating in nonprofit hospital complexes, Medistar CEO Monzer Hourani told the Houston Business Journal in 2017. The development of Innovation Tower's second phase will depend on market demands. Phase 2 could include 410 luxury high-rise residential units or additional medical, biomedical and life science office space, per the Transwestern release. Eventually, the tower is expected to be 48 stories and 1.6 million square feet, per the release. Innovation Tower will be built at 6700 Main St., the site of a SureStay Plus Hotel by Best Western that Medistar bought around 2006 or so, Hourani told HBJ previously. The tower will be connected via a skybridge to Medistar's joint hotel-multifamily development across the street. The Intercontinental Houston Medical Center at 6750 Main St. opened earlier this year, and the attached Greystar apartment development, dubbed Latitude Med Center, at 1850 Old Main St. welcomed its first residents last summer. “Once completed, Innovation Tower will be the first Class AA tower in the Texas Medical Center offering world-class building amenities to create a distinct live/work/play environment,” Transwestern’s Brasell said in the release. “Innovation Tower will be an iconic building and great complement to the Texas Medical Center." Information about the architecture firm and general contractor were not immediately available. 6 Quote Link to comment Share on other sites More sharing options...
AREJAY Posted January 29, 2019 Share Posted January 29, 2019 Same project? Its certainly grown in scope since then! 2 Quote Link to comment Share on other sites More sharing options...
Avossos Posted January 29, 2019 Share Posted January 29, 2019 (edited) I am not sure if I have read this correctly... Are there phases to the tower? Will the 48 story tower break ground this fall? Edited January 29, 2019 by Avossos 9 Quote Link to comment Share on other sites More sharing options...
Popular Post AREJAY Posted January 29, 2019 Popular Post Share Posted January 29, 2019 (edited) rendering Edited January 29, 2019 by AREJAY 16 1 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted January 29, 2019 Share Posted January 29, 2019 merged with the existing thread 2 Quote Link to comment Share on other sites More sharing options...
AREJAY Posted January 29, 2019 Share Posted January 29, 2019 29 minutes ago, Triton said: Edit: Or just edit and add the rendering in before my post....? Ok.... Chill. I fat fingered the img tag and fixed it a couple seconds later. Take my internet likes, I don't care. 4 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted January 29, 2019 Share Posted January 29, 2019 wow that’s awesome 2 Quote Link to comment Share on other sites More sharing options...
Triton Posted January 29, 2019 Share Posted January 29, 2019 11 minutes ago, AREJAY said: Chill. I fat fingered the img tag and fixed it a couple seconds later. Take my internet likes, I don't care. Oh ok, no worries. Just one second there was only the rendering I posted and then two so it was really confusing at first. 3 Quote Link to comment Share on other sites More sharing options...
TheSirDingle Posted January 29, 2019 Share Posted January 29, 2019 Should be going up around the same time as the mixed used development at 7200 main? 2 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted January 29, 2019 Share Posted January 29, 2019 Oh, say it's so. So what is Phase I and what is Phase II in the rendering? 2 Quote Link to comment Share on other sites More sharing options...
MaxConcrete Posted January 29, 2019 Share Posted January 29, 2019 1 hour ago, Avossos said: I am not sure if I have read this correctly... Are there phases to the tower? Will the 48 story tower break ground this fall? My interpretation of the article in the HBJ is that the initial phase will not be 48 floors, and it sounds like they will add height as market conditions warrant, which of course could be never. Quote Phase 1 of Innovation Tower will contain 476,500 square feet of medical and life science office space above a 1,700-vehicle parking garage, per the release. ... The development of Innovation Tower's second phase will depend on market demands. Phase 2 could include 410 luxury high-rise residential units or additional medical, biomedical and life science office space, per the Transwestern release. ... Eventually, the tower is expected to be 48 stories and 1.6 million square feet, per the release. 3 Quote Link to comment Share on other sites More sharing options...
bobruss Posted January 29, 2019 Share Posted January 29, 2019 (edited) The initial phase is open. Its the hotel and high rise apartments and these images are of phase two, which was promised when they were breaking ground for phase one. This is huge! Edited January 29, 2019 by bobruss 4 Quote Link to comment Share on other sites More sharing options...
CaptainJilliams Posted January 29, 2019 Share Posted January 29, 2019 Awesome looking tower, I hope it gets built! 2 Quote Link to comment Share on other sites More sharing options...
swtsig Posted January 29, 2019 Share Posted January 29, 2019 Just now, bobruss said: The initial phase is open. Its the hotel and high rise apartments and this images are of the phase two which was promised when they were breaking ground for phase one. This is huge! but that's not what they're referring to when they say phase I and II. The initial phase of the development was the hotel and apt tower. Phase I as they are referring to it here is for a 500,000 SF medical office on top of 1700 parking spaces. Depending on floor plates that's about 19-20 stories of office on top of another 6-8 stories of garage plus a floor of retail. Due to the balconies you can see quite clearly that the residential high-rise units are situated above the office component. My guess is they'll wait to see how their office leasing velocity is during pre-development while at the same time gauging the multifamily or condo market and make a determination from there. if they think they can lease 1M SF of office or actually get the preleasing they'll build more office and less residential. 5 Quote Link to comment Share on other sites More sharing options...
kdog08 Posted January 30, 2019 Share Posted January 30, 2019 (edited) I assume the office is the big chunk and they'll build the apartments on top (skinny chunk)? Edited January 30, 2019 by kdog08 2 Quote Link to comment Share on other sites More sharing options...
bobruss Posted January 30, 2019 Share Posted January 30, 2019 (edited) 2 hours ago, swtsig said: but that's not what they're referring to when they say phase I and II. The initial phase of the development was the hotel and apt tower. Phase I as they are referring to it here is for a 500,000 SF medical office on top of 1700 parking spaces. Depending on floor plates that's about 19-20 stories of office on top of another 6-8 stories of garage plus a floor of retail. Due to the balconies you can see quite clearly that the residential high-rise units are situated above the office component. My guess is they'll wait to see how their office leasing velocity is during pre-development while at the same time gauging the multifamily or condo market and make a determination from there. if they think they can lease 1M SF of office or actually get the preleasing they'll build more office and less residential. I wouldn't argue with you. My original info was from the foreman on the original building. I stopped by just before they started digging in the ground, and when I asked he elaborated. He was the one who told me about a 60 + story in the plans. Always appreciate your insight! Edited January 30, 2019 by bobruss 3 Quote Link to comment Share on other sites More sharing options...
Twinsanity02 Posted January 30, 2019 Share Posted January 30, 2019 1.6 million square feet in a 48 story building. 609 Main is 48 stories and has just over 1.07 million square feet. The base must have a large volume for this building 2 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted January 30, 2019 Share Posted January 30, 2019 43 minutes ago, Twinsanity02 said: 1.6 million square feet in a 48 story building. 609 Main is 48 stories and has just over 1.07 million square feet. The base must have a large volume for this building The base looks thicc in the rendering. 7 2 Quote Link to comment Share on other sites More sharing options...
jmitch94 Posted January 30, 2019 Share Posted January 30, 2019 Beautiful tower but I got my eye on that first generation Lamborghini Murcielago 😍 1 1 1 Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted January 30, 2019 Share Posted January 30, 2019 1 hour ago, jmitch94 said: Beautiful tower but I got my eye on that first generation Lamborghini Murcielago 😍 I think there’s an Aston Martin begins it...and a minivan heading the other way. Odd mix, lol. 1 Quote Link to comment Share on other sites More sharing options...
invisibletrees Posted January 30, 2019 Share Posted January 30, 2019 46 minutes ago, houstontexasjack said: I think there’s an Aston Martin begins it...and a minivan heading the other way. Odd mix, lol. Soccer mom heading home after taking her kids to the Houston zoo. Fancy cars being driven by rich surgeons. 4 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted February 1, 2019 Share Posted February 1, 2019 I love the greenery setbacks, but the two phase aspect of the build has me worried that it will be quite some time before we ever see the finished product. When the economy finally tanks, a lot of these projects that still haven't gotten out of the ground will end up getting shelved. 1 Quote Link to comment Share on other sites More sharing options...
htownbro Posted February 1, 2019 Share Posted February 1, 2019 5 hours ago, cloud713 said: I love the greenery setbacks, but the two phase aspect of the build has me worried that it will be quite some time before we ever see the finished product. When the economy finally tanks, a lot of these projects that still haven't gotten out of the ground will end up getting shelved. medical field is recession proof. It'll come up before you know it Quote Link to comment Share on other sites More sharing options...
Twinsanity02 Posted February 1, 2019 Share Posted February 1, 2019 The US and Texas economy has ups and it has downs. There is nothing unusual about that. Houston's economy, especially the Med Center area, tends to have an upward trajectory. Look at photos of the TMC 30 or 20 years ago and look at it now Quote Link to comment Share on other sites More sharing options...
bobruss Posted February 1, 2019 Share Posted February 1, 2019 1 hour ago, htownbro said: medical field is recession proof. It'll come up before you know it I agree. Doctors medical professionals, and elderly that want to be lose to their doctors and hospitals. 2 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted February 2, 2019 Share Posted February 2, 2019 Yeah they have options here. The rendering depicts apartments as Phase II but if the multifamily market tanks they could go medical office, which means the building will end up being even taller (office levels are usually higher than apartment levels). Though I would prefer it to be multifamily due to it being in the core of TMC. 4 Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted April 25, 2019 Popular Post Share Posted April 25, 2019 Website is up! http://innovationtowertmc.com/ https://images3.loopnet.com/d2/C1RXL9NboD6fbANBILAimwjrr3nfVCt-w8Pldnw-tOg/document.pdf 14 5 Quote Link to comment Share on other sites More sharing options...
Luminare Posted April 25, 2019 Share Posted April 25, 2019 5 hours ago, Urbannizer said: Website is up! http://innovationtowertmc.com/ https://images3.loopnet.com/d2/C1RXL9NboD6fbANBILAimwjrr3nfVCt-w8Pldnw-tOg/document.pdf Now thats a website...although they might want to make some corrections: If anyone was confused as I am about the site plan its because someone labeled the streets wrong. Its alright Medistar I got your back. 4 Quote Link to comment Share on other sites More sharing options...
CaptainJilliams Posted April 25, 2019 Share Posted April 25, 2019 The video looks amazing, I hope the tower comes out looking close to renderings. It would be a welcome replacement over what's currently on the site. 6 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted April 25, 2019 Popular Post Share Posted April 25, 2019 This hasn't been posted yet. From the website. 10 3 Quote Link to comment Share on other sites More sharing options...
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