CHI St. Luke's has announced the purchase of 23 acres within the Springwoods Village development in Spring with plans to construct a medical center that could be completed in late 2015.
At the corner of Holzwarth Road and Grand Parkway Segment F-2—also set for completion at the end of 2015—the $110 million medical campus will house a 55,000-square-foot ambulatory medical center and a 100,000-square-foot medical office building with space for more than 30 physicians, according to a news release.
The complex will offer emergency services, diagnostic imaging and outpatient surgery to Springwoods Village residents and the surrounding area.
"Springwoods Village exemplifies sustainable, healthy living—a goal we share—promoting work-life balance, prevention and community health," said Debra Sukin, president of CHI St. Luke's The Woodlands Hospital and Lakeside Hospital. "St. Luke's has been providing compassionate healthcare to Southwest Texas for nearly 60 years, and we have been honored to serve North Houston for more than a decade. We are excited to continue our strong legacy within the region by expanding our clinical programs, new models of care and cost-effective treatment options."
In addition to the $110 million initial investment, CHI St. Luke's will invest as much as $70 million during the next five years for future developments, including a master plan for future hospital and campus expansions to accommodate future growth within Springwoods Village.
The campus could accommodate an estimated 300,000 individuals living and moving to the area, according to the release.
"Integrating healthcare facilities into Springwoods Village is an important part of creating a complete community," said Keith Simon, the executive vice president for Coventry Development Corporation. "CHI St. Luke's is the perfect health care partner because of its focus on providing services where people live, work and play. Springwoods Village will be home to 50,000 employees and residents, so it's important they have access to excellent health care delivered right in the community."
The 1,800-acre Springwoods Village will have a population of about 15,000 people and will accommodate as many as 35,000-45,000 employees upon completion in about 15 years. Coventry Development purchased the 1,800 acres near I-45 and the Hardy Toll Road in 1961 and waited for a job creator to develop around.
ExxonMobil purchased 385 acres of the development for their 10,000 employee campus in 2008, and Springwoods Village has been under development ever since.
The end of 2015 could also see as many as 1,200 people living within Springwoods Village as well as the completion of a plaza area within the development's Town Center and other amenities.