Medical Office Building Development on Katy Freeway: Stream Project
Rendering of the medical office building planned for Spring Valley Village.
HOUSTON – Stream Realty, in partnership with Wellington Development, will construct a 125,000-square-foot, five-story medical office building at 1001 Katy Freeway in the Spring Valley Village neighborhood.
This project is Stream’s second medical office development in Houston and will include a connection to a seven-level parking garage adjacent to Campbell Road.
Designed by Kirksey Architecture, the building is scheduled to open in spring 2020.
“I’m proud of the significant growth and momentum that Stream’s healthcare platform has developed since its inception just over two years ago. To break ground on our second medical office development within a year of our first, Hedwig Place, is remarkable,” said Richard Barbles, Vice President at Stream.
The property is available for pre-leasing to medical tenants and offers prominent signage opportunities along the I-10 corridor.
“Our thesis was accurate — off-campus medical office space is compelling to healthcare providers in the market. This is why we are moving swiftly to develop a second building for entrepreneurial physicians to provide superior care to their patients in a convenient, community setting,” Barbles said. “This is a prominent national trend in the healthcare industry that has gained traction over the past few years. We will continue developing medical office projects in other markets where we identify appropriate demand.”
The building will be developed on a 2.5-acre site; the land purchase closed on Oct. 31.
