$600M Medical Park on Way in Cypress

A physician investor group has broken ground on the first phase of Grand Cypress Medical Pavilions in Cypress, Texas. When all phases are completed, the 30-acre medical building park is estimated to cost up to $600 million.

North Cypress Land Ventures will build the 60,000-square-foot Grand Cypress Doctors Pavilion. It’s expected to be ready in June 2025. The three-story building has been preleased almost entirely, with anchor tenants including Keller Surgical Specialists, GastroDoxs and USPI/Memorial Hermann Hospital Systems.

At full build-out, Grand Cypress Medical Pavilions will provide a wide array of services such as health education, patient care, wellness and cancer prevention. The project is designed to include four or five buildings and will come online over the course of five years. Phase Two would feature a wellness center, while a women’s or cancer center could be part of Phase Three.

The project is taking shape at the northeast corner of Grand Parkway and Highway 290.