Mission Health at Biltmore Park in Asheville, N.C., is a good example of how health systems are locating outpatient services in easy-to-access, retail-area locations. The 34,469 square foot facility opened in June and sits amid a collection of restaurants, shops and residences that comprise Biltmore Park Town Square. The medical facility, owned and developed by The Keith Corp. of Charlotte, N.C., is home to Asheville-based Mission Health primary care and diagnostic imaging services.
(Photo courtesy of The Keith Corp.)
Rising demand for outpatient space is fueling the rebound
By John B. Mugford
As Philip J. “PJ” Camp puts it, healthcare development “fell off a cliff” back in 2009. That cliff, as it’s turned out, has been quite difficult to re-climb, as the number of annual healthcare real estate (HRE) projects has remained relatively flat ever since.
This is due, in large part, to the lasting effects of a slow-recovering economy and the continuing uncertainty created by the passage and implementation of the Patient Protection and Affordable Care Act (PPACA). However, according to Mr. Camp, a sector veteran and principal with New York-based Hammond Hanlon Camp (H2C), the ascent from the development nadir is most assuredly underway.
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