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.

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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

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Houston unicorn closes $421M to fuel first phase of flagship energy project

Heating Up

Houston geothermal unicorn Fervo Energy has closed $421 million in non-recourse debt financing for the first phase of its flagship Cape Station project in Beaver County, Utah.

Fervo believes Cape Station can meet the needs of surging power demand from data centers, domestic manufacturing and an energy market aiming to use clean and reliable power. According to the company, Cape Station will begin delivering its first power to the grid this year and is expected to reach approximately 100 megwatts of operating capacity by early 2027. Fervo added that it plans to scale to 500 megawatts.

The $421 million financing package includes a $309 million construction-to-term loan, a $61 million tax credit bridge loan, and a $51 million letter of credit facility. The facilities will fund the remaining construction costs for the first phase of Cape Station, and will also support the project’s counterparty credit support requirements.

Coordinating lead arrangers include Barclays, BBVA, HSBC, MUFG, RBC and Société Générale, with additional participation from Bank of America, J.P. Morgan and Sumitomo Mitsui Trust Bank, Limited, New York Branch.

“As demand for firm, clean, affordable power accelerates, EGS (Enhanced Geothermal Systems) is set to become a core energy asset class for infrastructure lenders,” Sean Pollock, managing director, project Finance at RBC Capital Markets, said in a news release. “Fervo is pioneering this step change with Cape Station, a vital contribution to American energy security that RBC is proud to support.”

The oversubscribed financing marks Cape Station’s shift from early-stage and bridge funding to a long-term, non-recourse capital structure, according to the news release.

“Non-recourse financing has historically been considered out of reach for first-of-a-kind projects,” David Ulrey, CFO of Fervo Energy, said in a news release. “Cape Station disrupts that narrative. With proven oil and gas technology paired with AI-enabled drilling and exploration, robust commercial offtake, operational consistency, and an unrelenting focus on health and safety, we have shown that EGS is a highly bankable asset class.”

Fervo continues to be one of the top-funded startups in the Houston area. The company has raised about $1.5 billion prior to the latest $421 million. It also closed a $462 million Series E in December.

According to Axios Pro, Fervo filed for an IPO that would value the company between $2 billion and $3 billion in January.

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This article first appeared on EnergyCapitalHTX.com.

Houston food giant Sysco to acquire competitor in $29 billion deal

Mergers & Acquisitions

Sysco, the nation's largest food distributor, will acquire supplier Restaurant Depot in a deal worth more than $29 billion.

The acquisition would create a closer link between Sysco and its customers that right now turn to Restaurant Depot for supplies needed quickly in an industry segment known as “cash-and-carry wholesale.”

Sysco, based in Houston, serves more than 700,000 restaurants, hospitals, schools, and hotels, supplying them with everything from butter and eggs to napkins. Those goods are typically acquired ahead of time based on how much traffic that restaurants typically see.

Restaurant Depot offers memberships to mom-and-pop restaurants and other businesses, giving them access to warehouses stocked with supplies for when they run short of what they've purchased from suppliers like Sysco.

It is a fast growing and high-margin segment that will likely mean thousands of restaurants will rely increasingly on Sysco for day-to-day needs.

Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares. Based on Sysco’s closing share price of $81.80 as of March 27, 2026, the deal has an enterprise value of about $29.1 billion.

Restaurant Depot was founded in Brooklyn in 1976. The family-run business then known as Jetro Restaurant Depot, has become the nation's largest cash-and-carry wholesaler.

The boards of both companies have approved the acquisition, but it would still need regulatory approval.

Shares of Sysco Corp. tumbled 13% Monday to $71.26, an initial decline some industry analysts expected given the cost of the deal.

Houston researcher builds radar to make self-driving cars safer

eyes on the road

A Rice University researcher is giving autonomous vehicles an “extra set of eyes.”

Current autonomous vehicles (AVs) can have an incomplete view of their surroundings, and challenges like pedestrian movement, low-light conditions and adverse weather only compound these visibility limitations.

Kun Woo Cho, a postdoctoral researcher in the lab of Rice professor of electrical and computer engineering Ashutosh Sabharwal, has developed EyeDAR to help address such issues and enhance the vehicles’ sensing accuracy. Her research was supported in part by the National Science Foundation.

The EyeDAR is an orange-sized, low-power, millimeter-wave radar that could be placed at streetlights and intersections. Its design was inspired by that of the human eye. Researchers envision that the low-cost sensors could help ensure that AVs always pick up on emergent obstacles, even when the vehicles are not within proper range for their onboard sensors and when visibility is limited.

“Current automotive sensor systems like cameras and lidar struggle with poor visibility such as you would encounter due to rain or fog or in low-lighting conditions,” Cho said in a news release. “Radar, on the other hand, operates reliably in all weather and lighting conditions and can even see through obstacles.”

Signals from a typical radar system scatter when they encounter an obstacle. Some of the signal is reflected back to the source, but most of it is often lost. In the case of AVs, this means that "pedestrians emerging from behind large vehicles, cars creeping forward at intersections or cyclists approaching at odd angles can easily go unnoticed," according to Rice.

EyeDAR, however, works to capture lost radar reflections, determine their direction and report them back to the AV in a sequence of 0s and 1s.

“Like blinking Morse code,” Cho added. “EyeDAR is a talking sensor⎯it is a first instance of integrating radar sensing and communication functionality in a single design.”

After testing, EyeDAR was able to resolve target directions 200 times faster than conventional radar designs.

While EyeDAR currently targets risks associated with AVs, particularly in high-traffic urban areas, researchers also believe the technology behind it could complement artificial intelligence efforts and be integrated into robots, drones and wearable platforms.

“EyeDAR is an example of what I like to call ‘analog computing,’” Cho added in the release. “Over the past two decades, people have been focusing on the digital and software side of computation, and the analog, hardware side has been lagging behind. I want to explore this overlooked analog design space.”

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