The 53,000-square-foot building will house medical offices including primary care, imaging, podiatry, dermatology, physical therapy, sports medicine and pain management and will operate as Magnolia Medical Specialists, according to the release. A 10,000 square-foot retail center with an urgent care and nail spa will also be developed adjacent to the medical office building.
"This is unique because we are partnering with the physicians who will office there to jointly own and build the facility," Egrets Group principal Irfan Abji said in the release.
Construction is anticipated to take a year to complete for the medical office building, according to the release.
"The FM 1488 corridor is growing rapidly, with more households and more businesses opening at an unprecedented pace," Abji said. "Because of this, there is enhanced need to bring a variety of medical services to the area, so people don't have to travel into The Woodlands or Houston for quality care."