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Houston hospital reveals renderings of Austin outpost ahead of groundbreaking

Texas Children's Hospital is opening a new 365,000-square-foot location in Austin. Rendering courtesy of TCH and Page

Texas Children's Hospital is working on its first freestanding location in Austin — and the hospital system just released a first look at what the state-of-the-art building will look like.

The new Texas Children's Austin campus — to be located at 9835 North Lake Creek Parkway — will be open in the first quarter of 2024, according to a news release. The $485 million project is expected to break ground this spring.

The 365,000-square-foot, 52-bed hospital will serve women and children and include neonatal and pediatric intensive care units, operating rooms, epilepsy monitoring, sleep center, emergency center, fetal center for advanced fetal interventions and fetal surgery, diagnostic imaging, acute care, and an on-site Texas Children's Urgent Care location, per the release.

The location will have an adjacent 170,000-square-foot outpatient building — for subspecialties such as cardiology, oncology, neurology, pulmonology, fetal care, and more — and over 1,200 free parking spaces.

The new hospital is expected in 2024. Rendering courtesy of TCH and Page

The project was originally announced in May of 2020. The announced general contractor is St. Louis, Missouri-based McCarthy Building Companies, which has an office in Houston and Austin, and the architecture and engineering firm is Houston-based Page.

"At Texas Children's, our breadth and depth of expertise allows us to provide the full-spectrum of health care services which we believe helps improve the overall health and well-being of Austin children, women and families," says Michelle Riley-Brown, executive vice president at Texas Children's, in the original announcement. "Our promise to Austin remains strong – to deliver specialized care closer to you through our multiple locations across the city so children and women can access the right care, in the right place, at the right time."

Houston-based Texas Children's first entered the Austin market in March of 2018 with the opening of Texas Children's Urgent Care Westgate at 4477 South Lamar Blvd. Later that year, TCH opened Texas Children's Specialty Care Austin at 8611 North MoPac, Suite 300.Texas Children's Pediatrics currently has 10 locations in Austin.

"Texas Children's came from humble beginnings, opening in 1954 with a 106-bed pediatric hospital. From there, we grew into the preeminent hospital we are today, delivering the highest quality care possible by serving the needs of the children of Texas and beyond," says TCH's president and CEO, Mark A. Wallace, in the original release. "Texas Children's, like Austinites, dwell in possibilities. Every facet of our new hospital will be designed, engineered and tailored with your family's needs and desired experience."

The 365,000-square-foot hospital will have 52 beds. Rendering courtesy of TCH and Page

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Building Houston

 
 

Molecule has closed new funding in order to focus on the energy transition. Photo via Getty Images

A Houston startup with a software-as-a-service platform for the energy transition has announced it closed a funding round with participation from a local venture capital.

Molecule closed its $12 million series A, and Houston-based Mercury Fund was among the company's investors. The company has a cloud-based energy trading and risk management solution for the energy industry and supports power, natural gas, crude/refined products, chemicals, agricultural commodities, softs, metals, cryptocurrencies, and more.

"We led the seed round of Molecule upon their formation and are excited to participate in their series A," says Blair Garrou, co-founder and managing director of Mercury, in a news release. "Molecule's success in the ETRM/CTRM industry, especially in relation to electricity and renewables, positions them as the company to beat for the energy transition in the 2020s."

The company will use its new funds to further build out its product as well as introduce offerings to manage renewables credits, according to the release.

"In 2020, we realized that electricity — the growth commodity of the 2020s — represented over half of Molecule's customer base, and we decided to double down," says Sameer Soleja, founder and CEO of Molecule, in the release. "We were also rated the No. 1 SaaS ETRM/CTRM vendor. With this fundraise, we have the fuel to become No. 1 SaaS platform for power and renewables, and then the market leader overall.

"Molecule is ready to power the energy transition," Soleja continues.

Molecule's last round of funding closed in November 2014. The $1.1 million seed round was supported by Mercury Fund and the Houston Angel Network.

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