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    Real Estate Round-up

    Mammoth Texas Medical Center set to grow even more: Look south, young doctors

    Ralph Bivins
    Jul 11, 2011 | 11:27 am
    • The $65 million Menninger Clinic will be completed in 2012.
      Photo by Ralph Bivins
    • Master plan for the Menninger Clinic
      Rendering courtesy of Menninger Clinic
    • Patient unit at the Menninger Clinic
      Rendering courtesy of Menninger Clinic
    • The Mennginer Clinic campus is under construction in southwest Houston.
      Photo by Ralph Bivins

    The ambitious new Menninger Clinic construction project — billed as the nation’s “epicenter for mental health” — is stretching the boundaries of the Texas Medical Center.

    The Texas Medical Center, already the biggest in the world, is going to grow a lot more in the years ahead. And Menninger is making a $65 million bet that the growth is going to spread to the south.

    The Menninger Clinic, recognized as one of the finest psychiatric treatment organizations in the world, is building a 50-acre campus out South Main, near South Post Oak Road. It sounds like it’s a long way from the Medical Center, but it’s really not. With overpasses and freeway-like improvements out on Main Street/ Highway 90, you can drive from the Menninger site to the Medical Center in five minutes.

    The beginnings of several buildings are already standing on the Menninger property, a huge piece of scraped dirt that is not much to look at in its present state. But by next summer, the site will have a 120-bed hospital in a low density, landscaped setting. And over the next decade that will be followed up with outpatient services buildings, a depression center, education center and an office building to house the headquarters of various mental health organizations.

    Thinking Texas Big

    The Menninger Clinic relocated from Kansas to Houston in 2003. Menninger has adopted a Texas-style appetite for growth, harkening back to the pre-Alaska days, when Texas was the biggest state in the union.

    The Texas Medical Center, already the biggest in the world, is going to grow a lot more in the years ahead. And Menninger is making a $65 million bet that the growth is going to spread to the south.

    “Our goal is to transform Houston into the nation’s epicenter for mental health treatment, research, education and advocacy,” Menninger Clinic president Ian Aitken says. “We intend to do for mental illness what M.D. Anderson has done for cancer.”

    Of course, the Menninger Clinic has the credentials to back this up. Menninger is consistently rated among the top 10 psychiatric hospitals in the nation by the annual U.S. News & World Report rankings. It is affiliated with Baylor College of Medicine and Methodist Hospital and Menninger staffers are on the faculty at Baylor.

    So when Menninger aims to become the nation’s “epicenter of mental health,” you get the feeling it’s not typical Texas braggadocio.

    Menninger officials had hoped to build the facility years earlier, but the recession pushed back the timetable. Construction is going at full-speed now with scores of workers on the site daily.

    The Footprint Gigantic

    The Menninger Clinic wanted a large campus with ample room for buildings and grounds. Mental health treatment can be conducted outdoors as patients and therapists stroll around the campus — keeping physically active is ideal for patients.

    But large pieces of affordable property are hard to find in the existing Medical Center. So Menninger went to the south where land was more plentiful and affordable, says Menninger spokeswoman Nancy Trowbridge.

    Plus the future growth of the Medical Center will be going to the south, Trowbridge says.

    The Medical Center is blocked from growth to the west by Rice University. Hermann Park and the Houston Zoo hem it in from the north. The west has Highway 288 and existing neighborhoods. So growth to the south — where there is still a lot of vacant and underutilized acreage — is the best option.

    It’s highly unlikely that the Texas Medical Center will ever go — with official or unofficial boundaries — as far as the Menninger site. But the Menninger Clinic will serve as a southwestern anchor for the Medical Center and Menninger will influence more medical growth on the south side of the Medical Center in years to come as a magnet pulling more medical related development to the south.

    Ralph Bivins, founding editor of RealtyNewsReport, is a past president of the National Association of Real Estate Editors.

    unspecified
    news/real-estate

    REAL ESTATE NEWS

    More Houston homeowners are becoming 'accidental landlords,' study finds

    Brandon Watson
    Mar 18, 2026 | 10:30 am
    For Lease Real Estate Sign Hangs in Front Yard of House
    Getty Images
    An increasing number of San Antonio homeowners are bcoming "accidental landlords"

    Houston homeowners unable to sell their properties are increasingly becoming “accidental landlords,” according to Zillow. The real estate marketplace’s newest analysis says that 4.2 percent of its local for-sale listings recently converted to rentals, making the Bayou City the second-worst U.S. city for the market trend.

    Only Denver (4.9 percent) ranks higher, with Austin (4.1 percent) and San Antonio (3.9 percent) not far behind. Seven of the top 10 metros are in Texas or Florida.

    Zillow senior economist Kara Ng says today's dynamic is driven by choice rather than panic. Homeowners aren't being forced to sell; they're simply unwilling to accept what the market will actually pay.

    "As the market continues to rebalance, sellers are facing a different reality than they did a few years ago," Ng said in a statement. "Bargaining power is tilting toward buyers, and homes are taking longer to sell, making renting out a property one way to buy time rather than compete aggressively on price. After all, today's sellers are rarely forced to sell, and it appears they are often unwilling to budge off of what their heart says their home is worth."

    Nationally, the trend is nearing a record high. 2.3 percent of all Zillow rental listings were recently for-sale properties, second only to November 2022, when mortgage rates had doubled in a single year, and sellers were scrambling. That spike was shock-driven, but now stubbornness is likely fueling the shift.

    Single-family homes make up the largest share of accidental landlord properties, but condos are seeing the fastest rise. Metros with the hottest buyer competition, including Boston, New York City, and Providence, Rhode Island, have the lowest accidental landlord rates.

    For both local buyers and sellers, Goldilocks thinking is increasingly the norm. Sellers, especially those who bought during the COVID-19 boom, are holding their asking price firm to avoid taking a loss. Buyers, for their part, are refusing to compromise on concessions and repairs.

    Meanwhile, the city's rental market keeps getting larger. In 2025, rental listings website Point2Homes placed the Houston area among the top 10 U.S. metros building the most new homes for rent.

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