Healthcare

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.

Nationwide Children's Hospital is constructing a $100 million gene therapy manufacturing center in Columbus, Ohio. The 185,000-sf facility will enable Andelyn Biosciences, a for-profit subsidiary of Nationwide Children's, to supply pharmaceutical and biotechnology companies with genetic material for use in research and clinical trials. Located in The Ohio State University's Innovation District, the leased structure will feature advanced cGMP environments for commercial-scale manufacturing.

The University of California, Irvine began construction on a $134 million health sciences complex in October of 2020. Designed by The S/L/A/M Collaborative and HED, the project will enhance synergies between the disciplines of medicine, nursing, population health, and pharmacy to deliver a dynamic pedagogy of team-based care. Supporting an innovative curriculum based on integrative health, the complex is expected to be a national model for the future of interprofessional education.

The University of Nebraska Medical Center dedicated the Dr. Edwin G. & Dorothy Balbach Davis Global Center in October of 2020 in Omaha. Serving as the headquarters for the Interprofessional Experiential Center for Enduring Learning (iEXCEL), the $122 million facility provides advanced simulation environments where students can master clinical skills in real-world settings.

Marmon Plumbing & Refrigeration has partnered with Micron Pure, a subsidiary of Hecto Group, to create the CerroZone™ system for the mitigation of airborne SARS-CoV-2. The continuous indoor air purification system, which has been tested at the University of Missouri's Laboratory for Infectious Disease Research, reduces 99 percent of live SARS-CoV-2 in a single pass in under 30 seconds.

The Ohio State University is planning to construct a $1.79 billion inpatient hospital at Wexner Medical Center in Columbus. Providing 820 beds in private rooms, the 1.9 million-sf complex will integrate exceptional patient care environments with leading-edge facilities for research, medical education, and clinical training. Designed by HDR, the hospital will include an emergency department, surgical suites, an imaging center, a neonatal intensive care unit, and a 1,900-space parking garage.