Real estate company unveils plans for 45-acre biomanufacturing campus in Northeast Houston

life science upgrade

Generation Park has announced additional biomanufacturing facility development. Rendering courtesy of McCord

A Houston-based real estate company has reveals its plans to create a 45-acre biomanufacturing campus in the first phase of a life science development in Generation Park.

McCord Development released its plans for BioHub Two this week. The project will include 500,000 square feet for manufacturing, lab, and office space located in Generation Park, a 4,300-acre master-planned development in Northeast Houston.

The news of the BioHub follows Generation Park's December announcement of the San Jacinto College’s Biotech Training Center, a project in partnership with the National Institute of Biotechnology Research and Training. The institute will have a "bioprocessing pilot plant operated in a realistic GMP simulated and operational manufacturing environment," according to a news release from McCord.

“Houston has consistently been ranked as a burgeoning life science cluster, and BioHub Two has the unique advantage of being a short walk from the region’s only Biotech Training Center at San Jacinto College’s Generation Park campus," says John Flournoy, senior director of sales and leasing.

Last year, the Greater Houston Partnership released data showing the potential for the Bayou City as a hub for biomanufacturing, cell and gene therapy, cancer treatment, drug development, and more. Earlier this summer, Houston maintained its standing as a hub for life sciences on an annual report from CBRE.

“Houston’s high concentration of life sciences employment, healthy funding landscape, access to the Texas’ $6 billion CPRIT grant fund, and commitment to translational research is making it one of the country’s fastest growing life science ecosystems,” says Ryan McCord, president of McCord Development, in the release. “BioHub Two’s location in Generation Park is strategic and cost-effective, as the world-leading research and development facilities at the Texas Medical Center, Houston International Airport and Port of Houston are in close proximity.”

The larger Generation Part plans include two multifamily complexes, a mixed-use development called The Commons, and retail and green spaces.

The Texas Medical Center unveiled its plans for the TMC BioPort, a biomanufacturing and medical supplies distribution engine, almost a year ago. This new campus will span several hundred acres just down the road from TMC and will drive the much-needed repatriation of critical medical supplies and new cell and gene therapies, per a news release.

From Your Site Articles

The grant will allow about 50 students to become certified aerospace technicians in electrical, composite, or structural tracts. Photo via San Jacinto College

Houston college receives grant to support aerospace technician training

workforce funding

The Texas Workforce Commission granted $332,000 to three Houston-area organizations last month to support aerospace technician training for unemployed and displaced workers, as well as recent high school grads.

The funding will go toward BayTech, Bay Area Houston Economic Partnership and San Jacinto College, and comes out of the TWC's Texas Talent Connection grant. The TWC awarded a similar grant to Lone Star College in January with the goal of supporting "innovative education and workforce skills training programs" for first-generation students in six different industries.

This most recent grant will allow about 50 students to become certified aerospace technicians in electrical, composite, or structural tracts.

After advancing through the program, they'll receive a completion certificate from the San Jacinto College's EDGE Center and will have the opportunity to sit for a nationally recognized certification exam.

According to a release from San Jacinto College, the organizations will also facilitate students' placement directly into the workforce.

"Funding like this grant from the Texas Workforce Commission to further our training offerings reaches far beyond our students to the future of the aerospace industry, Brenda Hellyer, chancellor of San Jacinto College, said in a statement. "A skilled workforce is critical to the success of the Houston Spaceport and the aerospace industries that support it, and we understand our role in providing the next generation of aerospace technicians."

San Jacinto College, which is the official education training partner for the Houston Spaceport at Ellington Airport, launched the EDGE Center in 2020.

The center aims to train future aerospace professionals through its technician programs as well as a general aerospace program and a drone pilot program. To date, about 30 students have earned their credentials .

San Jacinto College celebrated the grand opening of its EDGE Center in the Houston Spaceport. Photo courtesy of San Jacinto

Houston university system cuts the ribbon on its spaceport training center

out of this world education

A new facility focused on training the professionals who will build the future of aerospace has officially opened at the Houston Spaceport.

The San Jacinto College EDGE Center, which broke ground in July of 2019, finally celebrated its grand opening of the EDGE Center Friday, Oct. 1, with elected officials, community members, faculty, and staff. The center's opening celebration was previously delayed due to COVID-19.

"With this facility, we will inspire, innovate, and train the talent needed at the Houston Spaceport," says Chancellor Brenda Hellyer in a press release. "Our industry partners developed the program and defined the skills needed for these evolving careers. You can feel the passion and excitement as you walk through the training area."

EDGE is just one part of the 154 acres of development currently in the works at Ellington Airport. The full property includes 450 acres that will all eventually be developed. Students have been working out of the center for about a year now, and San Jacinto College is the official education training partner for the Houston Spaceport at Ellington Airport.

"This facility is at the epicenter of the Houston Spaceport," said Mario Diaz, director of aviation at Houston Airport System in the release. "This is where the next chapter of the rivalry to space will be written by the minds and hands of Houstonians for generations to come. The talent who will learn how to build towards the future of space exploration starts right here at the EDGE Center."

The facility offers five training programs, including aerospace structure technician, aerospace electrical technician, composite technician, industrial automation technician, and aerospace quality technician. The center also offers a drone program preparing individuals for FAA certifications as well as a drone flight class and a drone build class.

Intuitive Machines, a Houston-based space tech company, is based in the Houston Spaceport nearby EDGE and, according to the release, has had several of the program's first graduates work for his company as they develop the next lunar lander. One student, Cyrus Shy, took an internship and has already accepted a full-time technician position with the company.

"The impact this program and Intuitive Machines has had on my life has been overwhelmingly incredible," says Shy in the release. "It has changed the trajectory of my life. I work for a company that care about each other and work toward a common goal."

The Houston Spaceport at Ellington Airport has broken ground, which means San Jacinto College is a step closer to its EDGE Center becoming a reality. Photo courtesy of San Jacinto College

Houston college system prepares for takeoff of its spaceport training system

Breaking ground

The first phase of the Houston Spaceport at Ellington Airport broke ground last month, and that means a lot of things for a lot of entities like the Houston Airport System, the Houston City Council, and the Federal Aviation Administration, to name a few. But, to San Jacinto College, it means being one step closer to its on-site training facility, called the EDGE Center.

The facility will offer four training programs to start provided by San Jacinto College, the official education training partner for the Houston Spaceport. The programs include: composites manufacturing and repair technician, aerospace electrical assembly technician, aerospace structures technician, and mechatronics and industrial automation technician.

Aside from these four initial programs, the college will be able to over customized and individualized training as needed.

"We are excited for this opportunity," says Brenda Hellyer, San Jacinto College chancellor, in a release. "We look forward to creating an educational space that will support and enhance the workforce needs of current and future businesses in the Houston Spaceport. We thank the City of Houston, the Houston Airport System, and the Bay Area Houston Economic Partnership for working with us to make this EDGE Center a reality."

EDGE is just one part of the 154 acres of development currently in the works at Ellington Airport. The full property includes 450 acres that will all eventually be developed.

"Once completed, Phase 1 will stand ready to encourage even more progress to help companies with development of satellite technologies, drone technology, and urban air mobility initiatives," says Houston Airport System Director Mario Diaz in the release. "And beyond technology, it will help develop the talent to drive innovation forward. San Jacinto College is taking steps to open an aerospace workforce training center here, providing a talent pipeline that will help attract companies to Houston."

Houston's commercial spaceport plans were only the 10th to be approved by the FAA — and the only one to be centrally located to a major city (the site is less than 20 minutes from downtown Houston, according to the website). In October, the city council approved the $18.8 million Phase I budget for the project, which will account for developing the infrastructure of the project and, eventually, even coworking and innovation space for aerospace companies, according to a release.

Photo via fly2houston.com

Ad Placement 300x100

Ad Placement 300x600

CultureMap Emails are Awesome

Property Showcase

Elon Musk's SpaceX is about to make its debut on Wall Street

Money Moves

Elon Musk's rocket company SpaceX will make its debut on Wall Street Friday, June 12, and both institutional and retail investors are expected to gobble up the 555.6 million shares going up for sale at $135 apiece. Musk, already the world's richest man, could become its first trillionaire.

SpaceX is likely to become the biggest IPO ever, with proceeds of around $75 billion. SpaceX hopes to become the first company to send people to Mars. In fact, part of Musk’s future compensation depends on SpaceX eventually establishing a colony of at least 1 million people on the red planet.

Why SpaceX is going public now

In a video conference on Musk's social media platform X, he told JPMorgan CEO Jamie Dimon that people have suggested for the last 10 years that he take SpaceX public. He's doing it now because the company plans to put 100,000 next-generation Starlink satellites into orbit. Deploying AI data centers in space is a “massive new growth base and you need capital for that,” he said.

Going public provides access to the capital that SpaceX needs. But it also exposes it to more scrutiny from shareholders and more regulatory oversight. That includes filing quarterly financial reports, which critics say incentivizes short-term thinking over longer-term planning and creates unnecessary costs for a company. Securities regulators are currently soliciting public comment on a proposal to require public companies to file the financial reports only twice every year.

How the IPO impacts the company

Musk will hold the majority of a special class of shares, giving him control over decisions related to company strategy, finances and personnel. On the latter, because of his ownership of most of these Class B shares, the only person who can fire Musk as CEO is Musk.

The company credits Musk with being the “driving force” behind its growth, innovation and success. But what happens if Musk is no longer in the picture? SpaceX warns that the loss of Musk could disrupt its ability to execute its strategy as well as hurt its “reputation and relationships with customers, partners and other stakeholders.”

The company also warns that finding a replacement with the same skills and experience as Musk would be time-consuming, if not nearly impossible. As Wedbush Securities analyst Dan Ives wrote Wednesday, “At the end of the day Musk is SpaceX and SpaceX is Musk.”

What could make or break SpaceX

Currently in the test phase, the gigantic reusable Starship rocket is key to SpaceX realizing Musk's ambitions. Much of the commercial space business hinges on SpaceX developing Starship’s capability to be fully reusable and hearty enough for a quick turnaround between flights. If that doesn't happen, SpaceX warns that putting data centers and satellites in space will take longer and cost more money, meaning it risks customers bailing on the company.

Analysts say that by pioneering reusable rockets, SpaceX has established a clear lead on competitors such as Blue Origin, led by Amazon founder Jeff Bezos. The Starlink satellite business competes with, among others, AST SpaceMobile – which is relying on a SpaceX rocket to send its latest generation of satellites into orbit next week.

The prospectus filed last week says SpaceX’s biggest potential market is the sale of business-oriented artificial intelligence products designed to transform how people get work done. It’s an opportunity SpaceX predicts would be worth $22.7 trillion if it could somehow dominate rivals like Anthropic, OpenAI and Microsoft in a highly competitive industry. But the prospectus shows no clear path to profitability for the xAI business, which merged with SpaceX earlier this year.

Why Wall Street is paying attention

If the SpaceX IPO is as successful, the stock could quickly join the Nasdaq 100, a widely followed index that tracks the 100 largest non-financial companies in the composite. That's important because some popular funds, such as the $460 billion QQQ exchange-traded fund, mimic the index and will automatically buy whatever is listed in the index.

Nasdaq recently changed its rules to allow select companies to enter the Nasdaq 100 after just 15 trading days.

S&P Dow Jones Indices, on the other hand, is sticking to established and more traditional thresholds that will not allow SpaceX or other companies with gargantuan IPOs faster entry into its S&P 500 index. That means even high-profile companies will still need to wait for their stocks to trade a full 12 months before they can enter the index.

Companies want to be in the S&P 500 in particular because it's arguably the most important index on Wall Street, with trillions of dollars either mimicking it exactly or benchmarked against it. Vanguard's VOO fund that tracks the S&P 500 has roughly $950 billion invested in it, for example.

NASA unveils Artemis III astronauts at Johnson Space Center in Houston

To the moon

NASA on Tuesday, June 9, revealed the crew for its Artemis III mission, the next step in the space agency's plan to eventually land astronauts on the moon.

The announcement came two months after Artemis II's record-breaking trip around the moon that surpassed the distance record of Apollo 13.

NASA's Randy Bresnik, Frank Rubio, Andre Douglas and the European Space Agency's Luca Parmitano won't fly to the moon or land on the surface. Instead, they’ll orbit Earth while practicing docking their Orion capsule with two lunar landers.

“To the Artemis III crew, we wish you Godspeed on the journey ahead,” said NASA administrator Jared Isaacman.

Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin are racing to deliver the lunar landers. The two-week demo is targeted for 2027. Blue Origin suffered a recent setback when its massive rocket exploded during an engine-firing test on the launch pad in Florida, shaking nearby homes and illuminating the sky with an orange fireball.

NASA's Jeremy Parsons said the setback is a learning opportunity and that the space agency is confident Blue Origin's rocket will be ready in time.

NASA's Artemis program aims to return astronauts to the moon's surface for the first time since the 1970s. A recent revamp of the program announced by Isaacman aims to fast-track it similarly to the Apollo era, adding the upcoming spaceflight around Earth before eyeing a lunar landing in 2028.

“We are certainly humbled as a crew to be able to be your crew that executes this Artemis III mission in space,” said Bresnik, Artemis III commander.

Added Douglas, mission specialist: “My brain — it is going a mile a minute right now. But my heart, it is so warm. It is so full."

In May, NASA awarded hundreds of millions of dollars in contracts to four companies, including Blue Origin, to build landers, rovers and drones for a future moon base. Isaacman said the goal of the moon base is to lay the foundation for a Mars expedition.

View All Listings

INNOVATIONMAP EMAILS ARE AWESOME