Outpatient Projects: More Outpatient Real Estate Project News

  • The Davis Group, a prolific Minnesota MOB developer, is moving forward with a new project in the bustling western Minneapolis suburb of Wayzata. There, the Minneapolis-based firm has submitted a plan to the city that calls for demolishing a 31-year-old medical building at 1120 E. Wayzata Blvd., in the heart of a commercial shopping and restaurant district, and replacing it with 16,000 square foot MOB capable of housing up to four tenants. The designer on the future Wayzata Specialty Center is Edina, Minn.-based BDH + Young Architects.
  • Saratoga Hospital in Saratoga Springs, N.Y., is seeking to build and own a three-story, 75,000 square foot outpatient building. The hospital is looking to eliminate more than $750,000 in annual rent that it pays to occupy 40,000 square feet of space in a variety of MOBs around town. Officials say the MOB would not only help eliminate the rent that it pays, but allow it to consolidate the hospital’s oncologists, general surgeons, family practitioners, and other specialists who occupy space where leases are set to expire in the next five to six years. Plans call for constructing the proposed MOB on an 8.5-acre site about 200 feet north of the hospital’s main entrance. In order for the project to move forward, the city would need to make the site, which is currently zoned residential, part of the existing Saratoga Hospital PUD (planned unit development). At a recent meeting, a number of neighbors spoke out against the project, saying that traffic around the hospital is already too congested.
  • Columbia Development recently broke ground on a $15 million, 60,000 square foot medical arts complex at 1783 Route 9 in Clifton Park, N.Y., about a half hour north of its headquarters in Albany, N.Y. Latham, N.Y.-based Community Care Physicians, which has more than 200 physicians offering 16 specialties in four counties in and around the Capital Region of New York, plans to occupy 75 percent of the building. Albany Medical Center, which has a hospital and medical college in Albany, plans to occupy about 6,600 square feet. Services in the building, scheduled to open in summer 2016, are to include primary care, internal medicine, OB/GYN, urgent care, imaging, physical therapy, a lab for blood work and an on-site gymnasium open to the public as well as patients. Pediatric services will be offered by Clifton Park Pediatrics.
  • Cincinnati Eye Institute, whose current office in Middletown, Ohio, is “bursting at the seams,” is planning to become the latest organization to occupy a new facility on the 200-acre campus of Atrium Medical Center. The $4.5 million, 17,000 square foot facility will be the first new project on the campus since 2011. Atrium Medical Center is just east of U.S. Interstate 75 near Ohio 122 in Middletown, which is midway between Cincinnati and Dayton, Ohio. Atrium Medical Center opened its hospital on the campus in 2007 with a goal of making the site a medical destination as well as a hub for education, science and technology. So far, so good. The Cincinnati-based eye clinic will join an outpatient center of Dayton Children’s Hospital, Bidwell Surgery Center, Atrium Family YMCA and Otterbein Senior Lifestyle Choices, as well as other medical offices, outpatient physical therapy and a daycare. One of the occupants of the campus is Greentree Health Science Academy, which educates high school students who are considering careers in healthcare. Cincinnati Eye, which has 17 regional offices and will relocate from a smaller space in Middletown, will lease the facility from Atrium Medical Center. The new facility is scheduled to open in summer 2016. 

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