A proposed $762 million, 1.6 million-square-foot “medical and innovation campus” in Maricopa, Ariz., will ultimately embody a specialty hospital, a number of different health-care services, a resort and lots of of housing items, the Phoenix Enterprise Journal has reported.
The 30-acre web site is on the southeast nook of State Route 47 and Bowlin Street, on the Copper Sky Regional Park, south of Phoenix.
S3 BioTech LLC is the venture’s developer. The entity obtained Maricopa Metropolis Council’s approval to buy the property in June.
The venture’s first part reportedly will include:
- A 3-story, 51,000-square-foot specialty emergency hospital with 15 beds
- A 3-story, 108,000-square-foot medical workplace constructing/outpatient surgical procedure heart
- A seven-story, 150-room select-service resort
- A seven-story condominium/extended-stay constructing with 100 items
- A 3-story, 75,000-square-foot, prolonged care and bodily remedy heart
- A wise parking construction
The second part is anticipated to incorporate:
- A 3-story, 75,000-square-foot behavioral well being and sports activities psychology heart
- A five-story, 100,000-square-foot “life science and innovation heart”
- A second condominiums/extended-stay constructing, of 12 tales and 90 items
- A five-story multifamily residential constructing with 375 items
- A 3-story, 270,000-square-foot sports activities and science academy
- A single-story, 30,000-square-foot “makers store/transfer studio”
- A second good parking construction
The venture is anticipated to create 11,500 construction-related jobs. At full build-out, additionally it is estimated to carry 2,819 jobs to town and generate about $300 million in financial exercise yearly.
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The Maricopa Workplace of Financial Improvement & Legislative Affairs didn’t reply to Business Property Govt’s request for added info, and S3 BioTech LLC couldn’t be reached for remark.
Feverish tempo
The demand for medical workplace buildings within the Phoenix metro appears about as sizzling because the area’s summer season local weather.
Again in February, Altera Fund Advisors acquired the 130,000-square-foot Rome Towers, an MOB in Gilbert, Ariz., as a part of a four-building, $75 million portfolio deal that included two properties in Ohio and one in San Antonio. Woodside Well being was the vendor.
Then in June, Woodside Well being was the client, choosing up an 81,907-square-foot MOB in Phoenix from Talia Jevan Properties for $20 million. Cushman & Wakefield represented the vendor within the transaction.
And final month, Centum Well being Properties introduced the upcoming groundbreaking on a 38,000-square-foot enlargement of its 53,529-square-foot Scottsdale Medical Pavilion.
