hindesky Posted October 5, 2021 Share Posted October 5, 2021 HouChron article........ Construction starts for Levit Green, life sciences district near Texas Medical Center Katherine Feser Oct. 5, 2021Updated: Oct. 5, 2021 4 p.m. Construction has begun on the first building at Levit Green, a planned mixed-use life science district near the Texas Medical Center. The five-story, 270,000-square-foot building will have floors with 56,000 square feet suited for collaborative work plus lab incubator space geared toward entrepreneurs and early stage life science companies on the ground floor. Amenities include a 5,800-square-foot fitness center and outdoor garden, 7,000-square-foot conference center, 3,500 square feet of café and restaurant space. The building is designed with 100 percent redundant emergency power and enhanced mechanical systems. Levit Green, planned for nine buildings with research facilities, office, retail, residential, lakes and outdoor amenities, is being developed on 53 acres near Holcombe and Texas 288 that formerly housed the Grocers Supply Co., a longtime Houston grocery wholesaler founded by Joe Levit in 1923. The land is east of Hermann Park. The project is a collaboration among Houston-based Hines, Chicago-based Harrison Street and Houston-based 2ML Real Estate Interests. The Levit family sold the grocery wholesale business and the Grocers Supply name in 2014 and changed its name to 2ML Real Estate Interests. Led by Max Levit, the youngest son of Joe Levit, 2ML has a portfolio of more than 5.2 million square feet of warehouses, shopping centers, freestanding supermarkets and office buildings. John Mooz, senior managing director at Hines, said the project "marks a pivotal moment for Houston as a burgeoning life science cluster." Harrison Street, which owns over 6.5 million square feet of lab space in the U.S. and the U.K., was revealed as a partner in the project. The company joined as Hines' joint venture partner earlier this year. “Houston has an established ecosystem of world-renowned research and academic institutions, top-tier hospital systems, robust public health organizations, and leading medical schools, yet lacks high-quality purpose-built lab and research facilities,” Mark Burkemper, senior managing director at Harrison Street said in an announcement. “We are excited to partner with Hines and 2ML to deliver a best-in-class life sciences facility to support critical research and innovation in Houston.” JLL is handling leasing and DE Harvey Builders is the general contractor. Completion is planned in the fourth quarter of 2022 with initial occupancy in December 2022. The timing of the next buildings will depend on how leasing goes at the first building, according to Hines. 8 Link to comment Share on other sites More sharing options...
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