New Medical Office Building Breaks Ground In Frisco, Colorado

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The Panorama Corporation’s Summit Orthopedics, St. Anthony Summit Medical Center and Colorado Sleep Institute hosted their ground breaking ceremony on Tuesday, June 25, celebrating the start of construction on their new medical office building at 68 School Road in Frisco, Colorado.

Located at the intersection of School Road and Highway 9, the two-story, 30,200-square-foot facility will have clinical space for orthopedics, imaging and physical therapy, along with sleep study labs and other medical practices.

The project is a joint venture development between physicians from Panorama Orthopedics & Spine Center, Colorado Sleep Institute and Development Solutions Group, LLC, a Denver-based medical real estate development company.

The new 68 School Road Medical Center is scheduled to open in the Spring of 2020. The project has been designed by Boulder Associates Architects, one of the nation’s premier health care design firms and is being constructed by Denver-based general contractor GH Phipps Construction.

 

Source: Summit Daily

Adding Healthcare To Retail Areas Is A Big Trend. But What About Adding Retail To Healthcare?

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The “retailization” of healthcare is a well-documented, recent and successful trend in the country’s medical delivery model.

But what about the “healthcare-ization” of retail?

Northwestern Memorial HealthCare, a 10-hospital system in Greater Chicago, has flipped the script by strategically incorporating innovative retail and food outlets in its healthcare facilities – and it’s working. Gina Weldy, the system’s senior VP, administration, discussed the strategy during a presentation at the International Council of Shopping Centers (ICSC) RECon global convention held May 19-22 at the Las Vegas Convention Center.

“We often go into retail settings as a healthcare provider, but today I’m going to spend some time talking about how we actually deploy retail into our hospital pavilions and our medical office buildings,” Ms. Weldy told the capacity crowd during a presentation titled “How to Add Mixed-Use to a Healthcare Facility” during the Health & Wellness portion of the RECon event. “We have hospitals in the suburban markets and our core academic medical center is a block off Michigan Avenue (home to the well-known shopping district known as the Magnificent Mile), So, we by nature, have a unique retail opportunity, and I think we’ve finally learned how to leverage that.”

Ms. Weldy wasn’t talking about beefing up old-school hospital cafeterias or tired gift shops stocked only with balloons, flowers, cards and stuffed animals. No, she was talking about Northwestern Memorial’s success with bringing in hip, new and attractive restaurant operators and retailers – 36 different lessees in all – into its hospitals and outpatient pavilion settings, with a big focus on Chicago-area food and beverage operations at its massive, main hospital campus just a block off Michigan Avenue near the Streeterville neighborhood just north of the Chicago Loop.

Ever since the health system started working with a retail consultant in recent years to help it determine a retail strategy and to advise it in how to work with retailers and restaurant operators, sales have tripled in its retail spaces.

 

Source: HREI

5 Medical Developments Under Construction In Frisco, Texas

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1. Heritage Business Park

The medical and professional office condos are expected for delivery by December. The outdoor space offers a large green area, water features and benches. The location is in close proximity to Baylor Medical Center, Methodist McKinney Hospital and Baylor Scott & White Medical Center.
Space: 1,300-9,054 square feet
Timeline: delivery fourth quarter of 2019
Address: 11655 Independence Parkway, Frisco

 

2. Baylor Scott & White Institute for Rehabilitation

The Institute is adding an extension to its existing building. It will include a new outpatient/day neuro-therapy gym, a driving simulator room, a neuropsychology and counseling area with an adjacent tranquility room, an enclosed courtyard and neuro-optometry. “This expansion enables the patients and communities we serve to have access to cutting-edge programs, resources and technology,” Baylor Scott & White Institute for Rehabilitation–Frisco CEO Ryan Seymour said in a statement. “The outcome and goal is to get patients, families and friends back to work and actively living normal daily life after injury or illness.”
Space: 12,000-square-foot extension
Timeline: broke ground May 16, expected to be complete first quarter of 2020
Address: 2990 Legacy Drive, Frisco

 

3. Building 2 of Waterstone Office Park

The building is under construction for Class A medical and professional office condos and is set to have seven suites.
Space: 2,178 to 15,740 square feet
Timeline: end of June
Address: 255 W. Lebanon Road, Frisco

 

4. Mateo Office Park

The office park has 14 professional office and medical spaces with its last building set to finish this fall. The development will provide suites from 1,500 square feet as well as a clock tower landmark with a roundabout.
Space: 2,000-10,000 square feet
Timeline: completion scheduled for this fall
Address: 8501 Wade Blvd., Frisco

 

5. Prestonbrook Circle Office Park

The development is set to complete 14 professional and medical office spaces in 2020 and is joined with upscale retail and restaurants for lease and sale.
Space: 1,250-5,790 square feet
Timeline: broke ground in May, completion in first quarter of 2020
Address: 6900 Preston Road, Frisco

 

Source: Community Impact Newspaper