by Adolfo Pesquera
Houston (Harris County) — Transwestern announced Wednesday an agreement to provide leasing for Innovation Tower–a 48-story medical and life sciences building being developed by Medistar Corporation.
The mixed-use project will have 1.6 million square feet that are to be constructed in two phases. It will be located next to the Texas Medical Center.
Phase 1 will include 476,500 square feet of medical and life science office space. The individual floor plates will be approximately 35,000 square feet per story, rising above a parking garage with capacity for 1,700 vehicles. This phase includes retail and a penthouse-level restaurant and lounge.
Innovation Tower will be built where the Best Western (center forefront) stands. Construction on The InterContinental hotel can be seen behind it in this 2017 photograph. Image: Google Streets.
The timing of Phase 2 will depend on market demands. Transwestern said Phase 2 could possibly include “410 luxury high-rise residential units or additional medical, biomedical and life science office space.” The 48-story height described presumes that Phase 2 will be completed.
Transwestern Executive Vice President Justin Brasell said in the prepared statement that construction is scheduled to begin by the end of the third quarter 2019. Brasell and Senior Vice President Lisa Bovermann are handling healthcare leasing services.
“Once completed, Innovation Tower will be the first Class AA tower in the Texas Medical Center offering world-class building amenities to create a distinct live/work/play environment,” Brasell said. “Innovation Tower will be an iconic building and great complement to the Texas Medical Center. It will truly revolutionize the district with unmatched prominence and walkability to local hospitals and universities.”
Concept illustration of Innovation Tower at 48 stories. Courtesy: Gensler.
The tower will be located at 6700 Main Street, currently the site of a Best Western hotel property that was purchased years ago by Medistar. The developer had plans in 2003 to build a 32-story office tower on this site, but that project was cancelled.
It is adjacent to Medistar’s recently completed 22-story hotel, the InterContinental Houston-Medical Center at 6750 Main St. Plans include connecting the two towers via a skybridge. The InterContinental is attached to Latitude Med Center, a 35-story apartment tower at 1850 Old Main St. that was co-developed by Greystar and Medistar.
Gensler created the concept designs for Innovation Tower.
Rendering of the InterContinental hotel. Innovation Tower will go up to the right of it. Courtesy: Medistar Corp.
This article was edited from a Transwestern press release and other corporate and public records.