HOUSTON – (BUSINESS WIRE) – Texas Medical Center (TMC), a unique medical city that fosters collaboration between hospitals, universities and businesses, today announced the launch of a 37-acre life sciences campus designed to unite the best minds in medicine and marketing: TMC3. Construction of the first phase has begun, with $ 1.8 billion in funding from leading life sciences and real estate development investment teams.
The TMC3 The master plan, which includes approximately 6 million square feet of planned development, was designed by Boston-based Elkus Manfredi Architects, a key player in the formation of several Massachusetts life sciences clusters.. He the plan emphasizes creative collisions between people, institutions, and ideas, reinforced by state-of-the-art infrastructure that will support a combination of health, life sciences, and business users. In addition, growth-focused capital investments will foster an expanding network of business partners, from companies to Fortune 100 companies.
“With more than 100,000 employees, broad intellectual capital and a long-term patient focus, our capacity for innovation is second to none,” said William McKeon, president and CEO of Texas Medical Center. “The collective power of TMC hospitals and academic institutions has accelerated the pace of scientific discovery for years. TMC3 extends our collaboration to Fortune 100 life sciences companies and entrepreneurial companies. The impact on patients around the world can change lives. ”
“Houston is already fortunate to have such a strong health and higher education ecosystem. The TMC3 The project will be the cornerstone of our regional life sciences strategy. It will create new jobs, advance innovative medical technologies and healthcare solutions, ”said Mayor Sylvester Turner. “In addition, the TMC3 helix parks will create a place to gather in the community and continue to expand our amazing park system. Houston will be one of the most competitive cities in the country for life sciences companies. ”
First phase: 950,000 SF of research space in life sciences and the foundation of a cluster
Phase One of the TMC3 The campus includes 950,000 square feet dedicated to translational research, anchored by a 700,000 SF facility developed by Boston-based Beacon Capital Partners, and its strategic partner, Braidwell, an innovative science-focused investment firm. of life. The first phase of 350,000-SF is expected to open ground in the fourth quarter. In addition, the initial phase will include a 500+hotel room with more than 65,000 SF of conference space, a 350-unit residential tower, more than 2,000 parking spaces and 18.7 acres of public space, including 6 TMC3 Parks.
“It’s an unprecedented time for life sciences and innovation in the United States and Houston has all the factors needed for explosive growth in this space,” said Steve Purpura, president of Life Sciences at Beacon Capital Partners . “TMC has done the work needed to sow innovation, establish relationships with the world’s leading companies in the life sciences and create the infrastructure needed for long-term success.”
In addition to its partnership with Beacon, Braidwell will bring its expertise to invest in life sciences at various stages, fueling the growth of companies operating at TMC.3 Campus. Together, TMC, Beacon, and Braidwell will work to convene a unique ecosystem of capital allocators, fund managers, and other critical resource providers, along with cutting-edge life sciences institutions working on campus.
“Never in history has there been an opportunity like this to bring together capital distributors, great scientists and scientific institutions to accelerate our collective fight against disease. There is an unprecedented opportunity to take advantage of the growing pace of scientific discoveries in medicine, biology, computer science and other disciplines for the benefit of human health, “said Alex Karnal, co-founder and chief investment officer of Braidwell.” TMC3 is a model of how to foster a collective ecosystem of large-scale expertise. We are honored to be partners in launching this incredible effort. ”
Design and development: a center for creative collisions with an emblematic public park
In TMC planning3, lead architect David Manfredi leveraged years of experience working with Greater Boston’s leading universities, hospitals and life sciences innovators. The result is a Houston campus that reflects the present and future needs of the fast-paced life sciences industry.
A key goal of the plan was to ensure an environment where innovators in health, science, academia, government, and industry could collaborate on new drugs, medical devices, digital health and diagnostic platforms, and treatment solutions. The compelling result also aims to attract high-quality talent to the energy and vitality of an expansive medical city that offers multiple opportunities for mentoring and professional growth.
“Instead of creating an isolated district, we are creating a hub,” Manfredi said. “It is the connections between all these places that create the opportunities for involuntary collisions, as well as formal collaboration. It is a question of allowing the interaction of institutions, industries and startups to accelerate the discovery of new solutions ”.
With landscape design by Mikyoung Kim, TMC3The defining feature is the Helix Gardens, a green space that weaves the heart of the campus and is open to everyone. Helix Gardens, which form a chain of five public parks, about the size of a football field, will offer lush lawns, grassy mountains, abundant tree canopies, curved walking paths, water, cafes and a garden. central for outdoor receptions, concerts, graduations and other large-scale events.
Impact: $ 5.4 million in economic growth, 42,000 new jobs and a vital transformation
Expanding the more than 60 institutions and more than 100,000 employees already on site at Texas Medical Center, the world’s largest medical center, TMC3 it is expected to generate a significant economic impact during the construction and operation phases. The state of Texas is estimated to benefit from a continuing impact of $ 5.409 billion each year. More than 23,000 new permanent jobs in Harris County will drive this gain, which represents virtually every industry, salary scale, tax levels, and educational background. In addition, 19,000 construction jobs will be created to help achieve TMC3 in life.
“All aspects of TMC3 it is designed to attract talented people, innovative companies, entrepreneurial companies, industry partners and, ultimately, additional investment, ”said McKeon. “From modern and exciting workspaces to life-saving research to the commitment to improving the health of the planet, TMC3 it is helping to define the future of science. We have the potential to make a global difference while transforming our community and catapulting Houston into the top tier of the world’s most important life sciences clusters. ”
TMC3: At first glance
TMC of 250,000 square feet3 Collaborative building
700,000-square-foot industrial research building
521-room hotel, 65,000-square-foot conference center
Residential tower of 350 units
6 Future industrial and institutional research buildings
Mixed use building with detail and ample parking
18.7 acres of public space including 6 TMC3 Parks
TMC3: Campus collaborators
Beacon Capital Partners
Elkus Manfredi Architects
The MD Anderson Cancer Center at the University of Texas
Texas A&M University Health Science Center
University of Texas Health Sciences Center in Houston
About Texas Medical Center
Texas Medical Center (TMC), the world’s largest medical city, is at the forefront of advancing the life sciences. A place for the brightest minds in medicine, TMC encourages collaboration, creativity and inter-institutional innovation among its more than 106,000 employees. With a campus of more than 50 million square meters, TMC annually welcomes 10 million patients, performs more than 180,000 surgeries, performs more than 750,000 emergency room visits, performs nearly 14,000 heart surgeries, and delivers more than 25,000 babies. Beyond patient care, TMC is overstepping the boundaries of clinical research through its extensive network of partner institutions on a daily basis, a pioneer in effective health policy solutions to address the current complex and growing health care issues. cutting-edge digital medical applications and medical devices. .