A Hospital Reborn: South Broward Public Health District Marks Significant Progress In $88M Renovation Of 70-Year-Old Memorial Regional Hospital

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Hospital associate administrator Jon Pickett says a birthplace expansion is 60% complete.

Renovations and expansion of the trauma center and emergency room likewise are progressing, he says.

The hospital devoted $68 million to expanding the birthing center, redesigning a full floor to include all private rooms, a family lounge, classrooms for new parent classes and a simulation lab. The hospital says it leads Broward County hospitals in the number of babies born.

The system is spending another $20 million upgrading its Level 1 Trauma Center and emergency room to enhance its ability to deal with critical cases and mass casualty events. The hospital says its 94,000 ER visits in 2022 are the second highest number in Florida.

“This investment reflects the hospital’s commitment to remaining at the forefront of medical advancements and reflects our unwavering dedication to the community we serve,” says Peter Powers, CEO, Memorial Regional Hospital.

Completion of birth center work is scheduled for late 2024. The trauma center work will be completed in early 2025.

Memorial opened with 100 beds in a one-story building in 1953. It’s now among the larger hospitals in the state with 863 beds.

  • Orlando Health is building a $160-million Children’s Pavilion focused on specialized children’s care with an opening planned for 2026. The six-story building will be across from Orlando Health Arnold Palmer Hospital for Children and will bring more than 30 pediatric specialties together, with a goal of streamlining care for kids and their parents.
  • HCA Florida Healthcare opened a freestanding HCA Florida Mount Dora Emergency center in Eustis. The 11,000-sq.-ft. facility features 11 treatment rooms and a suite of on-site diagnostic imaging tools and will operate 24 hours a day.
  • UF Health is converting a former CVS pharmacy at in Eustis into a free-standing 24-hour emergency room with an expected opening in March. The system is also looking to break ground on an emergency room in Clermont, with an opening in late 2024.

 

Source: Florida Trend

McKesson Looks To Offload Full Building At Global HQ In Las Colinas

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McKesson Corp. has placed an entire building at its owner-occupied global headquarters in Las Colinas on the leasing market, adding to the thousands of square feet of office space available in Dallas-Fort Worth.

Brokers at CBRE have been tapped to fill the 271K SF space at 6535 N. State Highway 161. The pharmaceutical and medical supplies company relocated from the San Francisco Bay Area to the two-building campus in Irving in 2019.

The pandemic brought changes to the firm’s real estate needs, and in 2021 it announced it would save $60M to $80M per year by allowing more employees to work from home.

CoverMyMeds, a subsidiary of McKesson, added 52K SF of its 420K SF campus in Columbus, Ohio, to the sublease market earlier this summer. The company also said it would close its office in Scottsdale, Arizona, in April of this year.

“Companies across sectors are looking to shed office space, but healthcare-related firms have made up a big piece of the pie as of late,” said Steve Triolet, senior vice president of research and market forecasting for Partners Real Estate.

Reata Pharmaceuticals is also trying to offload space, having put its new 327K SF headquarters in Plano on the sublease market for the second time in November. AmerisourceBergen has listed its 300K SF building in Carrollton.

“Tenants in the same industry often mimic each other in their real estate decisions,” Triolet said in an email. “In this case, all of them are trying to shed a significant amount of office space in the DFW market.”

Close to 30% of Dallas’ office space was available for lease in the third quarter of 2023, CBRE data shows. Sublease availability of 10.6M SF makes up a large chunk. The McKesson listing isn’t a sublease since the firm owns the building.

McKesson plans to consolidate operations into the larger building on-site and has filed plans with the state for more than $20M in renovations to its cafe, meeting spaces, conference center and lobby, according to The Dallas Morning News.

 

Source: Bisnow

Big Sky Medical Gets Rezoning Approval For Dallas MOB

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Big Sky Medical has received the approval from the Dallas City Council for the rezoning of the roughly 145,000-square-foot Pyramids South Tower, which can now include medical tenants within the property.

The adjacent Pyramids North Tower was rezoned to medical use in 2005 and is currently occupied by Baylor Scott & White and Dallas Plastic Surgery Institute.

Big Sky Medical acquired the two-building property near dowtown Dallas last year in October for an estimated $55 million from Healthcare Realty. The asset was described at that time as the largest medical office property to change hands in the U.S. since 2018. The purchase was made through Big Sky’s partnership with Bahrain-based GFH Financial Group.

The Pyramid Towers encompass a total of nearly 300,000 square feet and are set to become one of the largest medical complexes in North Texas. Pyramids South Tower is a six-story Class A building which was completed in 1998 and features three passenger elevators, controlled access and offers 730 car parking spaces. Managing Director Russ Johnson and Senior Vice President Chris Wright with JLL will handle the leasing services at the property.

Located at 9101 N. Central Expressway, Pyramid Towers are less than 10 miles from downtown Dallas. medical facilities in the surrounding area include Texas Health Presbyterian Hospital Dallas, SMU Health Center and First Baptist Medical Center, among others.

Big Sky Medical recently made another purchase in the Dallas-Fort Worth market. The company acquired Richardson Medical Center I, a 118,472-square-foot medical office building in Richardson. The property’s repurposing to medical office use began this year.

 

Source: CPE