Medistar Corp. has plans to develop a student housing complex and parking garage at Texas A&M Innovation Plaza, a five-acre mixed-use project at the Texas Medical Center in Houston. The Medistar development with Texas A&M University System is the largest public-private partnership undertaken outside Texas A&M’s flagship university in College Station, Texas.
CIM Group closed a $135.85 million construction loan to Medistar Corp.
Situated at the intersection of Holcombe Boulevard and Main Street, the project will provide priority housing for Texas A&M University System–affiliated medical, nursing and engineering students, as well as students of the member institutions within the Texas Medical Center.
The 19-story student housing building will consist of 483 residences with a total of 714 beds and 3,400 square feet of ground-floor retail. The adjacent parking garage will contain 2,638 spaces, 15,200 square feet of ground-floor retail and a centra
