Kim Gatley Senior Vice President & Director of Research at REOC San Antonio
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The former Forest Park Medical Center located at 5510 Presidio Parkway is getting a new lease on life courtesy of Methodist Healthcare. After acquiring the real estate in 2018, Methodist recently announced plans to invest more than $50 million to redevelop the shuttered facility into Methodist Hospital-Landmark – a new community hospital that will house roughly 50 beds and emergency facilities.
Although plans are not final, the hospital is expected to be operational by 2023. The new hospital will be part of an expanding mixed-use development that includes Methodist’s headquarters. …Read Entire Post
Two new medical office buildings are slated for development in the Ridgewood Plaza business park in Far North Central San Antonio. Construction is slated to begin in early June and is expected to be complete by February 2023.
Tenants occupying the 227,627-square-foot project include a mix of primary care, pediatrics, rheumatology, ophthalmology, optometry, radiology, pain management and outpatient rehabilitation users. …Read Entire Post
Construction is underway on OneFiftyOne Medical Office, a new Class A medical office building located along the Highway 151 corridor in Westover Hills.
Baptist Health System recently purchased a 23-acre site near Interstate 10 and Highway 46 in Boerne where it plans to develop a new campus that will include an acute-care hospital and medical office building.
The project, already approved and funded, will include an initial investment of more than $50 million for the hospital alone. The hospital is expected to be completed by late 2023 or early 2024. …Read Entire Post
Nearly two years after initial plans were announced that Methodist Healthcare would build a new hospital campus in the fast-growing Westover Hills area, it is anticipated that Methodist is preparing to begin construction on the 74-acre site along Highway 151.
Plans call for a four-story, acute-care hospital spanning 180,000 square feet and a four-story medical office building encompassing roughly 125,000 square feet. Both structures are expected to be completed by 2023. …Read Entire Post
IRA Capital recently acquired a 55,457-square-foot medical office building portfolio in San Antonio. The portfolio encompasses three medical office buildings and an ambulatory surgery center.
5223 Hamilton Wolfe (24,230 sf) – located in the South Texas Medical Center;
12850 Toepperwein Road (18,438 sf) – located in the Northeast sector;
855 Proton Road (12,789 sf) – located in the Stone Oak area.
Healthcare investment firm Montecito Medical recently acquired a newly built, 29,375-square-foot medical office building located at 5715 Rogers Road in the Westover Hills neighborhood in Far West San Antonio. …Read Entire Post
San Antonio’s University Health System is proceeding with plans to build a 12-story tower at its main campus, located in the South Texas Medical Center.
Upon the late 2022 completion of the $500-million expansion, the new tower will hold the healthcare system’s inpatient women’s and children’s medical services and will offer two emergency departments for OB/GYN patients and children. …Read Entire Post
Peripheral Vascular Associates has broken ground on a multimillion-dollar campus it will own on Huebner Road near the South Texas Medical Center, having outgrown its leased space in Northwest San Antonio. The new PVA Pavilion will span about 17,000 square feet and house multiple imaging laboratories, vascular laboratories and exam rooms.
Baptist Health System recently purchased a 23-acre site near Interstate 10 and Highway 46 in Boerne where it plans to develop a new campus that will include an acute-care hospital and medical office building.
Nearly two years after initial plans were announced that Methodist Healthcare would build a new hospital campus in the fast-growing Westover Hills area, it is anticipated that Methodist is preparing to begin construction on the 74-acre site along Highway 151.
