The development group is a joint venture between John Beeson of Houston-based Beeson Properties and Houston developer Ali Ebrahimi. The 17-story building will be leased to physicians and medical-related businesses. A number of hospitals and medical schools operate in the Texas Medical Center, where more than 50,000 people are employed.
The medical building will be constructed on a 1.35-acre site bounded by Main St., Travis and Old Main. Approximately 30,000 sf of retail space will be constructed on the ground floor of the building, which will have the address of 6760 Main St. The building will be stacked atop a multi-level parking garage, with parking for 1, 275 vehicles.
The structure, designed by Husmann and Associates, Architects and Planners, is slated for completion in spring 2002. The land for the project was purchased from WOD 2000 Joint Venture.
Privately owned, for-profit firms have not been very active in constructing professional buildings for lease to doctors. Medical office expansions primarily are being constructed by the various hospitals in the Texas Medical Center.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
