Healthcare: Latest Austin physician-led medical office redevelopment planned

Austin Business Journal – by Francisco Vara-Orta

A vacant 10,500-square-foot medical office building in Central Austin is slated for a redevelopment project that will quadruple its size.

The plan highlights doctors’ recent aggressive entry into real estate redevelopment within the healthy medical office market.

Two local doctors who own the building under the name 720 West 34th Street Operating LTD hope to convert the building at 720 W. 34th St. into a three-story, 42,000-square-foot medical office building with a five-level garage with 220 parking spaces, said Brian Novy, the medical office broker representing the owners.


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