Cypress Waters, northwest of Dallas, is one of North Texas’ most successful mixed-use projects. The 1,000-acre development at LBJ Freeway and Belt Line Road is home to over 16,000 office workers and thousands of new apartments. It is a project of developer Billingsley Co.
Cypress Waters is also attracting more tenants from the medical industry – part of the growing life sciences industry in North Texas.
UT Southwestern Medical Center is now planning a large clinic in Cypress Waters. UTSW leases the entire second floor of the new tower at 2999 Olympus Boulevard, planning documents filed with the State Fair.
The new operation, described as UTSW Medical Center in Coppell, will be in the newly completed 10-story office on the shore of North Lake. It is the newest and tallest building in Cypress Waters and construction began over a year ago.
UTSW plans to open its Cypress Waters clinic next year, according to documents filed with the Texas Department of Licensing and Regulation.
“UT Southwestern Medical Center is designing and developing a new clinical space within the Cypress Waters community,” Remekca Owens, senior director of public relations, said in an email. “The 30,000 square foot clinic – offering primary care, specialty care and some ancillary services – will be conveniently located within 10 to 20 minutes of our existing regional clinic in Las Colinas and the main campus of the South Medical District. west of Dallas.
“The clinic is expected to open in early 2023.”
The planned medical facility is one of many new clinics UTSW is working on in the Dallas-Fort Worth area.
The University Medical Center is currently building a new, even larger facility in the RedBird Mall in Southwest Dallas. RedBird’s UT Southwestern Medical Center is part of the $200 million redevelopment of the former regional mall.
UTSW also has medical outlets in Las Colinas, Plano, and North Dallas – as well as its huge hospital and research complex just northwest of downtown Dallas along Harry Hines Boulevard.
UTSW representatives were unable to immediately provide details of plans for Cypress Waters’ new clinic. But the operation will add to a growing medical presence in the development.
San Francisco-based Verily Life Sciences LLC — a healthcare software company formerly known as Google Life Sciences — said last fall it was leasing an office floor in the same 2999 Olympus building where UTSW will set up its new clinic.
Also in 2021, India-based healthcare service provider Firstsource Healthcare leased a large office block from Cypress Waters.
Cypress Waters has offices for other companies including 7-Eleven, CoreLogic, Nokia, Brinker International, Nationstar Mortgage, Toyota Industries Commercial Finance, BT America and Constellation Brands.
Construction is underway at Cypress Waters on a new headquarters for retailer AT Home.
And several other new office projects are underway, including an 11-story tower.