BREAKING NEWS

RNR Real Estate Briefs – HOU, DAL, AUS, SAT –…

Houston’s Second-Tallest Skyscraper Signs Law Firm Tenant

Winsupply Leases Space in Strong NW Houston Industrial Market

Three Million SF Went Dark in 2020: Weitzman Houston Retail…

Houston’s Warehouse Boom – 280 Acres Under Roof Occupied

Record Houston Home Sales Reported

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • Houston 2020
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

University of Texas Buys 100 Acres Near Astrodome for New Campus

by Realty News ReportJanuary 19, 2016
Share0
William McRaven
William McRaven

HOUSTON – The University of Texas closed on the purchase of 100 acres near the Astrodome – the first of several land acquisitions for its proposed Houston research campus.

The university plans to buy a total of 332 acres, about a mile south of Loop 610 near the intersection of Buffalo Speedway and West Bellfort.

The Houston campus is part of an ambitious vision by UT Chancellor William McRaven, a former Navy admiral who commanded the special ops raid that killed Osama Bin Laden.

The 100 acres, located west of Buffalo Speedway and north Willowbend Drive, was purchased from Buffalo Lakes Ltd., a group led by Houston architect John Kirksey. The site is 3.5 miles south of the Texas Medical Center and – importantly – not far from the terminus of Metro light rail.

“The concept to expand UT’s footprint in Houston is part of Chancellor William H. McRaven’s vision and strategic plan, which he presented to the UT Board of Regents in November 2015,” the University of Texas said in a statement. “His ambitious plan includes eight Quantum Leaps—bold initiatives that will leverage UT’s size, scale and intellectual capital to provide the citizens of Texas with the very best in higher education, research and health care.

“McRaven is currently forming a task force composed primarily of Houstonians that will explore opportunities for how the land could be used to develop a higher education innovation, intellectual and idea hub that could ultimately increase Texas’ national and international competitiveness. The task force will focus on ways to significantly increase research funding and educational opportunities in nationally-emerging fields and will be asked to avoid recommending programs or initiatives that duplicate what other Houston institutions are already providing,” the University said.

“The UT System recognizes that Houstonians—the people who know their city best—are best positioned to determine how the land is ultimately utilized. While this will be a decades-in-the-making endeavor, UT System leaders are confident that the acquisition of this land is an opportunity to act boldly and strategically in the best interests of Houston and the entire state of Texas,” the University said.

 

 

Share0
previous post
Oil and Houston’s Office Market: Q & A with Bob Parsley of Colliers
next post
New Rankings: Texas Leads the Nation with 8 Best Selling Communities

Related posts

RNR Real Estate Briefs – HOU, DAL, AUS, SAT – and more

Realty News ReportJanuary 16, 2021January 16, 2021

Houston’s Second-Tallest Skyscraper Signs Law Firm Tenant

Realty News ReportJanuary 16, 2021

Winsupply Leases Space in Strong NW Houston Industrial Market

Realty News ReportJanuary 15, 2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Cresa Ad
Newmark Knight Frank Ad
Ziegler Cooper Ad
1100 Lousiana Ad
NAI Partners Ad
Madison Marquette Ad
CBRE Ad
Avison Young Ad
Hines Ad
Avera Ad
Arch Con Corporation Ad
811 Lousiana Ad
Alpha Office Escalations
Hunington Ad
RNR - Lincoln Property Company
Lee & Associates Ad
910 Louisiana Ad
Greenstreet Ad
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2020 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • Houston 2020
  • About
  • Contact