Rendering of the medical workplace constructing in Santa Fe. Picture courtesy of Meridian
Meridian is creating a 95,000-square-foot medical workplace constructing and complete most cancers care middle in Santa Fe, N.M., in partnership with Nexus Well being. Building commenced on the finish of final month, with the venture slated for completion in July 2024.
Meridian has closed escrow on its buy of the 18-acre parcel and paid $7.1 million. The general funding is ready to exceed $100 million.
Skiles Group is the final contractor for the venture, whereas Web page Southerland Web page is its architect. The event workforce additionally consists of civil engineers and surveyors Tierra West and entitlement consultants Orion Enterprises.
Upon completion, the property will embody a three-story constructing and can home as much as 50 infusion bays, a lab and superior imaging with interventional radiology. Quite a lot of medical companies will likely be supplied on the facility, together with main care, common surgical procedure, cardiology, orthopedics, neurosurgery and bodily remedy. The positioning will provide 520 parking spots.
Inexpensive MOB for an space with rising demographics
The event website is situated at 4200 Beckner Street, 8.4 miles from downtown Santa Fe and 56 miles from Albuquerque. The venture presents easy accessibility to Interstate 25 and will likely be located near the Presbyterian Santa Fe Medical Heart, which is lower than 2 miles away. Different medical service suppliers within the surrounding space embody Santa Fe Fashionable Dentistry and Orthodontics and Foot & Ankle Specialists.
As of April, there are 5 medical workplace buildings in numerous levels of growth within the Albuquerque market which can add 234,190 sq. toes to the prevailing stock, based on CommercialEdge knowledge.
The Nexus Well being facility marks Meridian’s first venture in Santa Fe. In ready remarks, Meridian CEO Mike Conn said that the corporate’s purpose is to supply reasonably priced health-care companies to the group. The selection for the situation was primarily based on Northern New Mexico’s rising inhabitants.
Based on a February 2023 JLL survey, demand within the medical workplace sector is set by excessive occupancy ranges and constant hire development.
