Posted Oct 5, 2021, 9:08 PM
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FYHA
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Join Date: Oct 2007
Location: Houston - Wichita, KS
Posts: 3,152
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https://www.bizjournals.com/houston/...vit-green.html
Quote:
Hines breaks ground on 53-acre Levit Green life sciences district near TMC
By Jeff Jeffrey – Reporter, Houston Business Journal
Oct 5, 2021
Houston-based Hines has broken ground on a 53-acre development that promises to put Houston on the map as a life sciences hub on par with San Francisco, San Diego and the famed Life Sciences Corridor in Boston.
Hines, with financial support from investment management firm Harrison Street and 2MLN Real Estate Interests, have begun construction work on Levit Green. The development will be near the interchange of Highway 288 and Holcombe Boulevard/Old Spanish Trail, just east of the Texas Medical Center.
The first phase of the project focuses on a five-story, 270,000-square-foot building that is custom-designed to house life sciences research and development projects.
The first building of the mixed-use development is scheduled to be delivered in the fourth quarter of 2022, with initial occupancy planned for December 2022.
“Breaking ground at Levit Green marks a pivotal moment for Houston as a burgeoning life science cluster,” said John Mooz, senior managing director at Hines. “Our carefully built team of national life science leasing, design and capital experts has put a tremendous amount of thought and effort into Building I’s planning and design. We are confident that our team will deliver one of the highest-quality commercial laboratory assets in the world. We are excited to begin the first of several top-tier projects at Levit Green that are important to the life sciences sector.”
Levit Green 1, as the first building is known, will be the first of nine buildings planned for the site under Hines’ master plan for Levit Green.
The first building will be equipped with 100% redundant emergency power, enhanced structural vibration attenuation, augmented mechanical systems, 33-foot structural bay depths and floorplates exceeding 56,000 square feet. Additionally, the building's amenities will include a 5,800-square-foot fitness center and outdoor garden, 7,000-square-foot conference center, 3,500 square feet of café and restaurant space, and ample on-site parking. The ground floor will also have more than 25,000 square feet of lab incubator space, which will provide entrepreneurs and early-stage life science companies with laboratory and office space.
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