MedCore Partners, in conjunction with ClearSky Health, has broken ground on a 36-bed inpatient rehabilitation hospital development in Baytown, Texas. ClearSky Rehabilitation Hospital of Baytown is expected to treat over 650 patients annually and create at least 100 healthcare related jobs for the area. The hospital will treat individuals living with disabling injuries or illnesses such as strokes, brain injuries, hip fractures, spinal injuries, Parkinson’s disease, multiple sclerosis, and other medically complex conditions. “MedCore is excited to partner with ClearSky Health on the development of this hospital to provide such a critical service to this community,” said Michael Graham, one of MedCore’s founding partners. “It is inspiring to see ClearSky’s dedication to improving the lives of its patients.” The planned 44,000-square-foot hospital will initially feature 36 private patient rooms and is designed to expand to a total of 40 private rooms. It will also include a rehabilitative gym with specialized equipment, a dining room with a dedicated chef and food service staff, and an activity of daily living space to allow patients to receive therapy in rooms that emulate home conditions. The Baytown hospital is the latest in a series of planned ClearSky Health hospitals that are to be developed by MedCore.

MedCore is excited to partner with Trinity Investors and Home Bank to provide funding for the project.

The project is expected to be completed late in 2023, with an opening scheduled for Winter 2023.

ClearSky Health is a premier rehabilitative healthcare provider that collaborates with healthcare facilities to improve, expand, or introduce rehabilitative services to communities served. Its management team has expertise in design, development, implementation, and operation of rehabilitative services. ClearSky Health currently owns and operates five rehabilitation hospitals in Texas, Louisiana, and New Mexico.

About MedCore Partners, LLC – Based in Dallas-Fort Worth, MedCore Partners is a full-service real estate company dedicated exclusively to the healthcare and senior living industry. By leveraging off both its intimate knowledge of the dynamics of the medical sector and its comprehensive platform of real estate services, MedCore is uniquely qualified to identify and capitalize on healthcare projects around the nation and to maximize the potential profits returned to its investors. Over their careers, the principals of MedCore have led the development and investment efforts for healthcare projects around the country that have been valued in excess of $1 billion in addition to executing brokerage transactions for over 1,500 physicians. This level of experience within the medical real estate industry has allowed MedCore’s principals to build trusted relationships with both healthcare providers around the United States as well as numerous capital sources.

JLL Capital Markets has arranged $60 million in acquisition financing for 28 Class-B industrial flex buildings totaling 673,679 square feet in Houston.

JLL worked on behalf of the borrower, Fort Capital, in securing the senior loan through Argentic for the acquisition and stabilization of the properties.

The portfolio is 84% leased to a diverse group of 101 tenants. The properties offer 14- to 18-foot clear heights and up to 60% office finish. The portfolio consists of:

10606 and 10612-10616 Hempstead Road
2517-2523 Fairway Park Dr.
11000 Stancliff
10925 Kinghurst
10325 Landsbury Dr.
3727 Greenbriar Dr.
10610-10630 Rockley Road
902-910 and 912-930 Gemini St.

The properties are positioned within Houston’s Southwest, Southeast and Northwest industrial submarkets. Each property has convenient access to the area’s transportation infrastructure, including Interstates 10, 45 and 69.

The JLL Capital Markets team representing the borrower was led by Managing Director Cullen Aderhold.

Midway, the privately owned, fully integrated real estate investment, development and management firm, announced plans to redevelop the former ConocoPhillips’ corporate headquarters site into Watermark District at Woodcreek. Watermark will become a vibrant mixed-use destination surrounded by waterfront views and outdoor walkways. Conveniently located just north of I-10 at Dairy Ashford and North Eldridge Parkway in the Woodcreek development, the site was originally designed in 1978 for Conoco by renowned architect Kevin Roche to resemble a Japanese fishing village, with 16 three-story office pavilions connected by bridges above ponds and grassy areas. To preserve the land’s elaborate history and minimize carbon impact, Midway plans to repurpose a portion of the 70-acre site’s existing infrastructure to introduce dynamic new Class-A office and multifamily, high-end retail and restaurants, and boutique hotel opportunities to the West Houston corridor.

Maintaining the high standard of quality for Watermark that it upholds across its portfolio of mixed-use destinations—from CITYCENTRE and Century Square to Memorial Green and the future East River development—Midway plans to repurpose portions of the property’s existing 1.3 million square feet of office space while still preserving the low-rise, low-density work environment that the post-pandemic workforce is increasingly seeking for its countless benefits. Upon completion, Watermark’s 650,000 square feet of future-oriented, Class-A office space will offer people an abundance of natural light, flexible floorplans and direct access to surrounding mixed-use amenities. A repurposed innovation hub will further attract cutting-edge companies to the city’s renowned corridor.

Ensuring the district remains vibrant and lively beyond working hours, Midway is also planning to repurpose existing buildings to create luxury multifamily apartments and a boutique hotel with high-end accommodations for both short business trips and extended stays. A variety of chef-driven restaurants, cafes and bars with waterfront views will provide ample opportunities for business lunches, family dinners and happy hours alike.

Midway is slated to modernize the district’s existing 100,000-square-foot wellness/fitness facility and is currently in discussions with several operators. Featuring a full-sized basketball court, an olympic-size saltwater swimming pool and soccer field, the facility will add to the district’s copious wellness offerings, including onsite walking and biking paths, as well as access to Terry Hershey Park’s 12.5-mile network of trails along Buffalo Bayou.

In addition to significantly reducing carbon impact by repurposing a portion of the site’s existing buildings rather than tearing down and starting from scratch, Midway has partnered with U.S.-based cleantech social impact company 374Water to provide a first-of-its-kind onsite, fully integrated sustainable wastewater management system at Watermark. The beyond state-of-the-art system will utilize 374Water’s AirSCWO™ technology to transform wastewater and food wastes generated on property into valuable resources such as clean water, energy and minerals. These recovered resources will then be reused within the district. Additionally, the project is preserving more than 500 existing trees and the surrounding landscape of the site while thoughtfully integrating nature into an active, urban and walkable mixed-use destination. Plans to introduce a new urban grid system will increase connectivity within the community while also showcasing more than 20 acres of green space and nine acres of lakes.

Strategically located along I-10 with Beltway 8 in proximity, Watermark provides easy access to other major thoroughfares including Loop 610, US-59, and I-45. Transit options include a commuter bus service between The Woodlands and the Energy Corridor as well as METRO’s Addicks Park & Ride service to downtown, Kingsland, Addicks, Texas Medical Center and Northwest Transit Center. Future office tenants will join the plethora of global companies with headquarters and campuses in the vicinity, including Shell, BP, Enbridge, Baker Hughes, and ConocoPhillips, among others that office in the Energy Corridor.

Midway has assembled a stellar project team for Watermark including OJB Landscape Architecture, Jacobs and PDR, among others.

Construction is scheduled to commence in the first half of 2023.

The Jenkins Organization, a Houston- based real estate investment and development firm specializing in the RV resort and self-storage industries, is pleased to announce the opening of its newest development, Great Escapes RV Resorts Bryan College Station.

Situated on 87 acres just minutes from Texas A&M University, Great Escapes RV Resorts Bryan College Station offers travelers a unique and convenient place to stay while exploring all that Central Texas has to offer. The resort features 334 full hook-up sites with concrete pads, 64 cabins, Wibit, a floating water obstacle course, clubhouse complete with TVs, pool table, foosball, and ping pong, two resort-style pools, pickleball courts, laundry facilities, fitness center, themed activities for the whole family, and much more. Whether in town for a game or just looking to escape the hustle and bustle of everyday life, Great Escapes RV Resorts Bryan College Station has something for everyone.