Reed Rd @ 288 S., Houston, TX 77051
Property Details
Address Reed Rd @ 288 S.,
Houston, TX 77051
(North East Quadrant via Access
of a private road from Reed
to property, Distance is ±2,000')
Coordinates 29.66356026436958, -95.38297505076625
Asking Price $3,836,465.94
($6.51 PSF)
Land Size ±13.5289 AC
or 589,318.884 SF
Utilities City of Houston
Topography Zone X
Projected Rents $2.25
Projected Units ±255
Cost Per Door $15,044
PFC/HFC Yes
Broker Notes
Private access road per listing broker.
Stone Bridge at City Park (Mapped Below)
±24 Years Old
Average Rents $2.26
Year Built 2004
Units 240
Units Size 680-1,107 SF
​
Cityscape Apartments (Mapped Below)
Average Rents $2.00
Year Built Completed Late 2024
Occupancy Rate 80%*
Units 240
Units Size 739-1,210 SF
Meridian City Park (Mapped Below)
Average Rents $2.00
Year Built Completed Late 2024
Occupancy Rate 80%*
Units 240
Units Size 570-1,007 SF
*Still in lease-up
Asking Price: $3,836,465.94
Levit Green is a 53-acre master-planned life sciences district in Houston, Texas, developed by Hines in partnership with 2ML Real Estate Interests. Strategically located adjacent to the Texas Medical Center and near Hermann Park, the district is designed to support cutting-edge research, technology, pharmaceuticals, and medical therapies.
Phase I of Levit Green, completed in September 2023, features a five-story, 296,000-square-foot facility offering state-of-the-art lab and office spaces. The building includes 25,000 square feet of lab incubator space for early-stage life sciences companies, a conference center, a fitness center, café, and a stand-alone vivarium. The design emphasizes flexibility, with expansive 56,000-square-foot floor plates and enhanced structural vibration attenuation to accommodate various research needs. The project is estimated to have a total cost of approximately $1 billion.
In addition, the Texas Medical Center (TMC) is embarking on a transformative journey with over $10 billion in investments aimed at cementing its position as a global leader in healthcare, life sciences, and innovation. Central to this development is TMC3, a $1.5 billion state-of-the-art research campus anchored by the iconic TMC Helix Park, designed to foster collaboration between the world’s top medical institutions and biotech companies.
Complementing this is the TMC BioPort, a groundbreaking biomanufacturing hub set to revolutionize the production of life-saving drugs and vaccines, with an estimated investment of $3 to $5 billion. These projects, along with major expansions at MD Anderson Cancer Center, Houston Methodist, Texas A&M, and Baylor College of Medicine, will generate an estimated $30 billion in economic impact, driving innovation and creating thousands of jobs.
With these initiatives, TMC is not just expanding its physical footprint but also its impact on global health, offering unparalleled opportunities for innovation, collaboration, and economic growth.