[Wattleigh]

Cypress

30-acre Cypress Health and Wellness Campus to break ground this fall

By Florian Martin – Reporter, Houston Business Journal
May 31, 2023

A long-planned health care campus on the corner of U.S. Highway 290 and the Grand Parkway is finally close to breaking ground after a pandemic-caused delay.

A group of physicians is developing the Cypress Health and Wellness Campus on 30 acres of vacant land next to Second Baptist Church Cypress Campus.

Groundbreaking for the first building, a 70,000-square-foot multispecialty medical office building, is slated for this fall, said Kim Keller, a general surgeon and one of three physicians that head the development entity, North Cypress Land Ventures.

The other leading members are Kumaran Sathyamoorthy, a urologist, and Julius DeBroeck, a primary care doctor. Overall, the entity includes more than 30 physicians, Sathyamoorthy said. They purchased the tract from North Cypress Medical Center in summer 2019 and initially planned to start with a health and wellness center with a fitness area. But then the pandemic hit.

“It seems like with Covid, that's what got hit the hardest,” Keller said. “So (we decided to) do a pause and just not do anything for two years, just because there was too much uncertainty.”

The plan is now to work on a 110,000-square-foot wellness center after the medical office building is completed. The third phase could include a women’s and/or a cancer center, depending on physician demand.

“The need in the community is there, and so it's a matter of just coordinating the doctors with the need and the institutions,” Keller said.

The hope is to complete all phases, which could include four or five buildings, in about five years. Keller estimates the entire project will cost between $500 million and $600 million.

The first building is fully financed with the help of the physician offices that will occupy it, Keller said, adding that it is already 90% leased.