Project Overview
Medicus Capital has a long history with RUSH-Copley, starting when the system began work on its replacement hospital. The 86,000 square foot POB II is to be a mirror image of the existing physician office building, POB I.
POB II is designed to be integrated into the existing structure through an atrium lobby that will become the front entrance for both facilities and the new identity for the campus. POB II will feature the Dreyer Clinic, a renowned multi-specialty clinic. Other services that will be available through POB II include hospital clinic functions, endoscopy, women’s health services, pain center and neuro-diagnostics.
Project Services
- Master Planning
- Ownership Structuring
- Ownership Structuring
- Marketing and leasing
- Financing Procurement
- Development
- JV Structuring
- Use of LEAN process and concepts for process improvement
Challenges
- Financial structuring to meet hospital off-balance sheet / off-credit accounting goals
- Physical design of POB II to complement existing structure
- Consolidation into one location of anchor tenant’s scattered offices
- Design and construction of facility entrance to achieve new identity for campus
Results
- Financial and ownership structure that keeps ground leases and tenant leases off hospital balance sheet and off credit treatment
- Medicus Capital/physician ownership of POB II
- Successful consolidation of anchor tenant offices
- LEAN design process integrated into Dreyer Clinic plans