HOUSTON—The University of Texas system is seeking potential buyers or developer-buyers of approximately 300 acres of undeveloped land in south central Houston. The UT system recently issued a Request for Qualifications for the land, which is located less than three miles from the Texas Medical Center. The vacant property surrounds the intersection of Buffalo Speedway and Willowbend Boulevard, south of Loop 610.
The RFQ asks for potential buyers to purchase all or a significant portion of the property. Alternatively, developers would need to provide a development concept, extend infrastructure and then buy tracts constituting all or significant portions of the property.
The board of regents has not authorized any building or programs on the property and ultimately expects to sell all of the land. Its goal is to maximize the financial value of the land to benefit the UT system and its institutions.
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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.
