Construction Trends

New timeline revealed for $1.5B Texas Medical Center expansion

Posted April 26, 2018 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Engineering, Financial, Infrastructure

 

TMC3 is expected to break ground in 2019 and be completed in 2022.
By   – Reporter, Houston Business Journal

 

The Texas Medical Center Corp., which operates the largest medical center in the world, has unveiled an updated timeline on its potentially $1.5 billion expansion for its newest campus.

Groundbreaking for TMC3, the new campus, is expected to begin in 2019 with completion slated for 2022. The collaborative research campus is expected to involve five founding institutions as medical centers across the world continue to seek collaboration between major corporations and research universities.

The new campus alone is expected to have a $5.2 billion impact on the city of Houston and create a projected 30,000 new jobs. The campus is located south of TMC’s current footprint in what is now mostly a parking lot between Old Spanish Trail and South Braeswood Boulevard.

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