Healthcare

The University of Cambridge opened the Heart and Lung Research Institute in the United Kingdom in July of 2022. Created in partnership with the Royal Papworth Hospital NHS Foundation Trust, the £60 million facility features state-of-the-art labs for cellular, molecular, and translational research. Accommodating 380 academic and industry scientists, the 86,000-sf project houses a high-throughput characterization suite, a genetics and functional genomic center, the relocated Cardiovascular Epidemiology Unit, and the 10-bed Clinical Research Facility.

The University of Miami Health System broke ground in June of 2022 on the $250 million Transformational Cancer Research Building in Miami. Part of the Sylvester Comprehensive Cancer Center, the 244,000-sf structure will provide the Miller School of Medicine with advanced laboratories where multidisciplinary teams will discover new modalities for cancer treatment and prevention.

Cleveland Clinic will begin construction in mid-2022 on the Neurological Institute in Cleveland, Ohio. Spanning over a million square feet, the translational research building will integrate inpatient and outpatient care facilities with world-class biomedical laboratories. Designed by Stantec and Hopkins Architects, the collaborative structure will foster interaction between medical professionals and scientists to accelerate the discovery of new therapies and attract the next generation of caregivers.

Mayo Clinic began construction in April of 2022 on the $134.6 million Integrated Education and Research Building in Phoenix. Designed CO Architects and DFDG Architecture, the 150,000-sf facility will house the College of Medicine and Science and its five schools: the Alix School of Medicine, the School of Graduate Medical Education, the School of Health Sciences, the School of Biomedical Sciences, and the School of Continuous Professional Development.

Stony Brook University’s Renaissance School of Medicine in Stony Brook, N.Y., has increased its capacity for ultra-low-temperature freezer storage, a need that became critical nationwide in early 2021 when the Pfizer COVID-19 vaccine required that level of storage, limiting which hospitals and pharmacies could offer it. Stony Brook’s new 560,000-sf Medical and Research Translation facility contains a low-temp walk-in (LTW) Freezer Farm suite with eight minus-80-degree-Celsius permanent storage chambers and a minus-20-degree-Celsius storage corridor with a combined capacity of over 1.8 million samples. This is the equivalent storage of 80 traditional point-of-use (POU) stand-alone freezer units.

Vermeulens has released its market outlook report for the fourth quarter of 2021. Key points include:

Washington University School of Medicine will break ground in spring of 2022 on a $150 million vertical expansion of the Steven & Susan Lipstein BJC Institute of Health in St. Louis. Designed by Lawrence Group to promote collaboration and discovery, the six-story, 160,000-sf addition will provide 103,000 sf of biomedical research space and a 7,900-sf BSL-3 laboratory for the study of infectious diseases such as SARS-CoV-2 and tuberculosis.

Vermeulens has released its market outlook report for the third quarter of 2021. Key points include:

Vermeulens has released its market outlook report for the second quarter of 2021. Key points include:

Miami University is constructing a $96 million health sciences building in Oxford, Ohio. Designed by BSA Lifestructures, the 165,000-gsf facility will create dynamic synergies between programs in nursing and allied health professions. The north wing of the three-story structure will offer classrooms, teaching labs, a fitness studio, and a wellness center. The middle wing will house research labs, faculty and staff offices, interprofessional lounges, eight simulation suites,  a wet/dry training lab, two 20-bed skills labs, and a gross anatomy lab.

Rutgers Cancer Institute of New Jersey and RWJBarnabas Health broke ground in June of 2021 on the $750 million Jack & Sheryl Morris Cancer Center in New Brunswick. Designed by HOK, the 510,000-sf structure will enable the consolidation of key cancer services in a single integrated location.

Vermeulens has released its market outlook report for the first quarter of 2021. Key points include:

A public hospital in the Midwest was in the process of designing a new 12-story high-acuity ICU tower when the COVID-19 pandemic struck. They witnessed their colleagues in hospitals across the country struggling to accommodate the surge of patients who needed isolation units in facilities that were not designed for them, forcing them to shutter the revenue-generating general medicine practice in the rest of the hospital. So the Midwest hospital pivoted. They reassessed design options for the top two floors to serve as dedicated isolation/surge floors, when needed, without disrupting the operations in the rest of the building.

The life sciences sector is experiencing an era of unprecedented growth driven by a surge in both public and private funding combined with a post-pandemic sense of urgency and market opportunity. According to a report released by Newmark in January 2021, more than 36 million sf of new construction is expected to be delivered in the nation’s top 14 life science markets, as life science investments more than triple. While demand for life science and biotech facilities has been growing steadily over the past decade, the COVID-19 crisis heightened national awareness around the need for increased research, diagnostic, and domestic manufacturing capabilities. Investors are also seeing significant potential in the future of personalized medicine, genomics, and other life science-related fields, as emerging technologies and research disciplines converge.

Vermeulens has released its market outlook report for the fourth quarter of 2020. Key points include:

Construction Prices: Remain flat through Q4 of 2020, with one in ten projects showing cost reductions with strong contractor coverage across the board.

Fed Watch: The Federal Reserve continued monetary stimulus.

Architectural Billings: Q4 has returned to growth in inquiries; however, three quarters of billing declines in 2020 will result in a lower volume for the first half of 2021.