Healthcare Development Up Across Houston
Missing the stready stream of groundbreakings? Check out healthcare real estate. EE Reed president Mark Reed says medical-related development is strong throughout Houston and is expected to skyrocket over the next decade. We're an international city with a large, aging population, and Mark says the need for medical office buildings only seems to increase year after year.
EE Reed itself has completed over 50 healthcare projects in the last decade, with the largest underway at the Memorial Hermann Cypress Campus. The development consists of a five-level tiltwall, 184k SF tower, three-level, 181k SF diagnostic and treatment tower and 57k SF six level connector tower. Designed by PhiloWilke Partnership for the Memorial Hermann Healthcare System, it's one of many projects Memorial Hermann has under construction in Houston.
EE Reed has two other projects in the pipeline for Memorial Hermann. In The Woodlands, EE Reed is breaking ground this month on 176k SF, six-story medical office building. It's already in the dirt on a 39k SF one-story sports training facility. The facility includes a 12k SF indoor field house, outdoor lighted turf field and a landscaped plaza. Future plans call for exam rooms and X-ray equipment for rehabilitation.
Mark (shown here with his father, Gene Reed, and Superintendent Larry Blackburn with his two ABC Eagle awards) tells us that all the major hospital systems in Houston are building and/or remodeling. They are also all expanding their campuses out to the suburbs. St. Luke’s is preparing to open its new Springwoods Village Hospital later this month.
Texas Children’s Hospital is following suit with a $360M, 548k SF facility that will open for outpatient services later this year, and inpatient services by Q2 2017.
Houston Methodist is also under construction and will open in July 2017. That will service the Woodlands with 187 beds and 600 employees, but will have as many as 400 beds upon completion.