Convene Partners With Healthcare Startup To Put Clinics In Coworking Spaces

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As part of its effort to be all things to all office users, Convene is bringing a new kind of amenity to flexible offices.

A new partnership with healthcare startup Eden will place clinics within Convene‘s flexible office footprint. The clinics can serve as primary care contacts for Convene members and other office tenants in the building, and can use virtual healthcare technology to consult with specialists and save square footage.

Convene has been testing its model with Eden for a year, and plans to open at least 25 locations across its existing footprint across the next 18 months, according to the announcement. Its roll-out will begin in New York, Chicago, Philadelphia, Washington, D.C., Boston and Los Angeles later this year.

Convene started out as a provider of on-demand event spaces, then transformed itself into a flexible office space operator in February 2018 by partnering with landlords rather than renting from them. Like coworking name brand WeWork, it has added elements and offerings at a rapid pace, driven by investment capital from real estate sources such as Brookfield and RXR Realty.

In September, Convene began offering its design and flex office management services as a service to landlords, rather than a branded entity within their buildings. Similar in concept to WeWork’s Powered by We service, it reflects the office industry’s growing acceptance of flexible office providers as not just a subletter, but an amenity. Convene‘s partnership with Eden adds to the modern concept of an office that draws employees in by filling more of their needs beyond desk space.

 

Source: Bisnow

$4B Project To Include University Of Miami Outpatient Facility & Ambulatory Surgery Suites

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The University of Miami Health System is constructing an outpatient medical facility in North Miami, the South Florida Business Journal reports.

The UHealth Medical Center at SoLé Mia will include ambulatory surgery suites, as well as cancer and eye specialists.

It will occupy 10 acres in a $4 billion, 184-acre mixed-use development, In the first phase of construction, UHealth Medical Center will total 225,000 square feet, There will be an additional 100,000 square feet of space available for future expansion.

University of Miami Health System didn’t provide a construction timeline to the South Florida Business Journal.

 

Source: Becker’s ASC Review

Dallas-Fort Worth Tops The Nation In Medical Office Building Development

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Dallas-Fort Worth (DFW) had the nation’s highest rate of medical office building (MOB) completions from Q3 2017 to Q2 2018, according to a new report from CBRE.

MOB construction deliveries totaled 954K SF during that period, with another 95K SF of medical space still under construction as of the last half of 2018.mob

“Even development that robust doesn’t add up to overbuilding, at least not yet,” according to CBRE Senior Vice President, Global Workplace Solutions Jordan Buis. “Although we’ve seen growth in DFW healthcare developments over the past decade, I believe the market is stable. We’ve seen healthy demand from tenants to keep up with the new supply, and developers aren’t overbuilding. The population boom in DFW is driving the need for new medical product, especially in the suburbs.”

The recent volume of deliveries continues a longer-term pattern of growth for the Metroplex, the report said. From Q1 2010 to Q2 2018, DFW delivered more than 2.7M SF of new medical office space, second only to the Houston market, which delivered in excess of 3.5M SF of MOB space in the same period.  Medical office rents in the Metroplex increased 2.1% from Q2 2017 to Q2 2018 to $27.43/SF, even as the vacancy rate rose 180 basis points to 23.3% over the same period.

“As rents continue to rise and reimbursements continue to decline for the healthcare providers, it will be interesting to see if there’s a point of inflection in the near future,” Buis said.

The surge of MOB development in the Metroplex comes as health systems nationally are increasingly turning to outpatient centers due to higher capital costs and a surge in high-deductible health plans requiring patients to pay larger out-of-pocket amounts.

The total number of outpatient centers nationwide grew more than 50% from 2005 to 2016 to about 41,000 properties, according to CBRE. Outpatient center employment has more than doubled since 2003, and grew 3.5% year over year in October 2018, compared with 2% annual growth in overall healthcare employment.

Medical City Frisco Expansion (PHOTO CREDIT: Medical City Frisco)

In DFW, the most recent example of outpatient development — though close to a traditional hospital — just broke ground at Medical City Frisco.   The facility will be a medical office building with an ambulatory surgery center totaling about 150K SF and connected to Medical City‘s main hospital by a skybridge. The development will include 11 operating rooms, 53 patient rooms and office space. The $37M project is expected to be complete by spring 2020,”

“The development is anticipating future demand for leading-edge medical treatment,” Medical City CEO Charles Gressle said in a statement.

Last year, the hospital expanded its women’s services unit, which includes 13 delivery and recovery rooms, and features a six-bed, Level II neonatal intensive care unit with three dedicated cesarean section operating rooms.

 

Source: Bisnow