Lake Houston - Humble - Kingwood Edition | June 2025

Health care

BY HANNAH BROL

Health Care Edition

2025

Community Impact ’s annual Health Care Edition features news on the timeliest topics in the industry. Content ranges from major health care developments to listings of nearby health care facilities. Articles within this guide are focused on local topics aecting your community, the metro and the state of Texas, and are written by our team of journalists to meet our mission of providing trusted news and information everyone gets.

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Pharmaceutical company considers Generation Park for manufacturing site

Proposed Lilly site

LAKE HOUSTON

Generation Park

N. LAKE HOUSTON PKWY.

Eli Lilly and Co. is considering Generation Park for a new pharmaceutical manufacturing plant, per a tax incentive application posted May 16. Two-minute impact Lilly—a manufacturer of medicines like Mounjaro and Zepbound—is considering purchasing 236 acres from Generation Park developer McCord. Per the application, the proposed project would consist of the construction of multiple buildings, outdoor facilities and critical infrastructure as well as the installation of machinery and equipment. “Attracting life sciences manufacturing to Generation Park has been a central focus of our strategy over the last several years and we’ve been steadily advancing this goal in close collaboration with our regional partners,” said John Flournoy, senior director of sales and leasing for McCord.

While the project is not yet conrmed, company ocials said it’s part of a larger plan announced in February for Lilly to build four new pharmaceuti- cal manufacturing sites across the U.S. At the time, company ocials said they were in negotiations with several states and expected to announce all four future site locations this year. The timeline Per the application, construction would begin in 2026 and wrap up in 2030. The incentive period would run from 2031-2040, with the possibility of a 25-year extension through 2065. The impact According to an economic benet statement pre- pared for the project, the site is projected to directly generate $233.2 million in gross state product

N

PURCHASE TRACT 236.36 acres

BLACK FOREST DR. PROPOSED

N

SOURCES: MCCORD DEVELOPMENT, ELI LILLY AND COMPANY, TEXAS COMPTROLLER'S OFFICECOMMUNITY IMPACT

annually at full operations in 2031 and $10.36 billion for the full 41-year period. Additionally, the project is expected to employ more than 600 full-time employees.

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LAKE HOUSTON  HUMBLE  KINGWOOD EDITION

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