Officials with the Rice Real Estate Company and Lincoln Property Company announced in a Sept. 16 news release plans to launch The Arc, a new research and office facility that will expand Houston's 16-acre Ion District.

What we know

The Ion District is a technology park in Midtown and was established as a joint initiative between Rice University and the city of Houston, according to the business center's website.

The project first broke ground in July 2019 with The Ion, an innovation hub designed to be the district's anchor to support businesses, including start-ups and corporations, at all stages of their development lifecycle.

Today, The Ion's tenants include Chevron, Microsoft, ExxonMobil, Woodside Energy and Oxy, as well as different food and drink spots, startups and invest

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