The network of 11 universities is investing an estimated $546 million in the expansion, which will include $145 million for the purchase and renovation of an 18-story building, plus $401 million in private sector money to build two new towers, according to a news release from the university system.
"Today’s landmark announcement by Texas A&M is an incredible investment in Houston’s life science and innovation landscape – and in our future workforce," said Bob Harvey, president of the Greater Houston Partnership. "We are, indeed, becoming the 'third coast' for life sciences."
The renovated building, which is expected to be completed by this summer, will serve students part of the EnMed program, who earn a master’s in engineering and a medical doctor’s degree from the university’s Health Science Center.
The second project on the university system’s timeline is a building for student housing, which will have 572 units and 704 beds at 365,000 square feet, with a 1.2 million-square-foot parking garage. The estimated finish date is June 2022.
The third and final project for the planned complex is an integrated medical plaza, according to the news release. The 587,000 square-foot medical office building will be 30 stories tall, include a 13-story parking garage, and room to incorporate 72,000 square feet of retail space and 8,700 square feet of green space.
