The three-story building, going up at 1331 W. Grand Parkway North, will have a small retail component to build in tenant amenities. The services will include a bank, coffee shop and pharmacy. The Mathis Group Inc. of Houston is preleasing the project as well as developing it.
Joe Mathis, president of the development firm, tells GlobeSt.com that the building is rising with a 100% occupancy. "It's in a sound location in a medical community," he adds. "That's what's driving this." The development site is near the recently completed Memorial Hermann Katy Hospital at the intersection of Grand Parkway and Interstate 10.
Mathis adds that the land, which the firm banked for six months before launching construction, does provide room for expansion although that's not in the foreseeable future. "We have no specific groundbreaking plans at this time," says the seasoned medical office developer.
Chuck White, vice president and division manager in Houston for Dallas-based Cadence McShane Corp., says there is little difference between a medical office project and a standard office building from a construction standpoint. "They're similar," he says. "But we have to account for parking needs a little differently." Not only are there more tenants, but patients require easy ingress and egress, he says. As a result, the Katy Medical Arts Building has been laid out with 300 parking spaces.
Cadence McShane is the general contractor. PageSoutherlandPage's Houston office is the project's architect.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.