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Innovation Tower to Meet TX Med Center Needs

The healthcare sector has seemingly recovered from a slew of major-provider layoffs in 2017, and more than 130,000 square feet of medical office space was delivered in Q4 2018, with more developments on the way.

Innovation Tower Innovation Tower will be a 48-story 1.6 million-square-foot mixed-use facility near the Texas Med Center.

HOUSTON—The healthcare sector has seemingly recovered from a slew of major provider layoffs in 2017. More than 130,000 square feet of medical office space was delivered in the fourth quarter of last year with more developments coming in the near term, according to a report by Transwestern. This is resulting in developers’ continued interested in the potential Houston holds for medical office buildings.

Another project is set to get underway with a primary focus on meeting the needs of biomedical, technology and healthcare users at the Texas Medical Center. Construction on Innovation Tower, a 48-story 1.6 million-square-foot mixed-use facility, is slated to begin at the end of third quarter 2019.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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