MD Anderson Will Build $113M Outpatient Center

 

By ANNA CAPLAN

HOUSTON–The University of Texas MD Anderson Cancer Center is planning to develop and build a new $113.75-million outpatient diagnostic and treatment center in the Wolff Cos.’ development Central Park.

Planned to break ground in 2016 and to open in 2018, the 175,000-square-foot facility will be MD Anderson’s first freestanding clinical building constructed outside Houston’s Texas Medical Center. The new center represents the first phase of a long-term plan by MD Anderson to develop facilities on its 34.5-acre campus in Central Park, located near the intersection of Interstate 10 and North Dairy Ashford.

“The University of Texas MD Anderson Cancer Center’s announcement of its project in Central Park is the third of its kind this year – following major construction news from Texas Children’s Hospital West Campus and Houston Methodist West Hospital,” Carolyn Dorros, vice president with Wolff Cos., told GlobeSt.com. “Once these projects are completed, these three institutions will have invested over $875 million in facilities along this three-mile stretch of I-10 in West Houston.

“This represents two macro trends: One, the explosive growth of West Houston and, two, an increase in hospitals bringing world-class, high-acuity care closer to the patient. Both trends will result in increased demand for residential, medical and senior living facilities in these areas.”

Assembled by Wolff Cos. in late 2011 and early 2012, Central Park is centrally located in The Corridor midway between Loop 610 and the Grand Parkway, with easy accessibility from all areas of greater West Houston. As part of MD Anderson’s plan to develop and establish a more strategic and long-term approach to its cancer treatment operations in West Houston, the institution considered several sites, ultimately purchasing the site for its campus in Central Park in late 2012 due to its location, size, visibility and access.

“Central Park also offers buyers one of the most protected environments in the region due to its adjacency to 14,000 acres of Addicks/Cullen Park to the north and the extension of Terry Hershey Park to the east, as well as our carefully crafted protective covenants,” says David S. Wolff, chairman and president of Wolff Cos.

Since 1972 Wolff Cos. has developed over 1,000 acres in The Corridor, including the Park 10 Regional Business Center, Westlake Center and Ten Oaks at the Texas Medical Center – West Campus.

For the complete article, please go to:
http://www.globest.com/sites/globest/2015/09/16/md-anderson-will-build-113m-outpatient-center/