TX Med Center’s $1.8B Life Sciences Campus Breaks Ground

The Texas Medical Center recently broke ground on phase one of the 37-acre TMC3 that includes 950,000 square feet of research space anchored by a 700,000-square-foot facility focused on life sciences. Also included is the 150,000-square-foot TMC3 Collaborative Building, a 521-room hotel with 65,000 square feet of conference space, a 350-unit residential tower and 18.7 acres of double-helix-shaped public park space.

Phase one is expected to open in fall 2023, while the launch dates of additional phases of TMC3 are still being decided. It is reported that when fully built out, the TMC3 campus will total 6 million square feet. The campus is expected to generate up to $5.4 billion in annual economic growth for Texas as well as 42,000 new jobs, according to NAI Partners.

Projects such as TMC3, The Ion, Texas A&M Innovation Plaza, Innovation Tower and Levit Green are expected to encourage more startups in the area, growing into larger users which will need more specialized space in the future.