The Dell Medical School at the University of Texas is about to get a drug store.
The UT System Board of Regents on Wednesday is expected to authorize the university to lease space at the medical school to HEB Grocery Co. LP for operation of a licensed pharmacy.
HEB will pay a total of $2.5 million in rent for five years and two three-year renewal options, according to the regents’ agenda materials. The university will provide $144,450 for building out 2,889 square feet on the first floor of Dell’s Health Transformation Building at 1601 Trinity St.
The pharmacy, which will be open to the public, is expected to open late this fall or in the winter, said Shahreen Abedin, a spokeswoman for the medical school.
In other matters, the regents are expected to:
- Discuss, in a closed-door session, inviting candidates to interview — also behind closed doors — for the chancellor job. Bill McRaven stepped down from that post at the end of May, and former UT-Austin President Larry Faulkner is serving as interim chancellor. If past is prologue, the regents will eventually name a sole finalist for the job without publicly disclosing the names of any other candidates.
- Authorize UT-Austin to buy a 16-story residential building at 2400 Nueces St. for $74.8 million from EDR Austin LLC. The property will be used for student housing and the university’s international office.
- Discuss, and possibly vote on, advancing a plan for UT-Austin to lease two parcels owned by Central Health, Travis County’s health care district, for use by the Dell Medical School and other entities with health-related missions.
- Vote on naming a recipient of the Santa Rita Award, the highest honor bestowed by the UT board. Sara Martinez Tucker, chairwoman of the regents, is expected to recommend a recipient. The award, consisting of a medallion, is named after the West Texas well that ushered in decades of oil revenue benefiting the UT System and the Texas A&M University System.
- Receive an update about efforts to sell roughly 300 acres in Houston that the UT System acquired for a data science center, a plan that McRaven scuttled amid opposition from some state lawmakers and a few regents.
- Get an update about a regents’ task force that is working with accounting firm Ernst & Young to reorganize the system’s administrative offices.