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Revista Names Top Health Care Projects of 2015

ANNAPOLIS, Md. — Revista, a medical real estate firm headquartered in Annapolis, recently released its list of the top health care projects in 2015. According to Revista, 1,340 projects were started in the past year or are currently in the planning stages. The leading states for health care real estate are California — with $11.8 billion in projects underway — and Texas — with $7.7 billion in projects underway.

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Northeast a Hotspot for Health Care Construction

ANNAPOLIS, Md. — Almost $8 billion is being invested in health care construction projects in the Northeast. That translates into 8.9 million square feet of project space under way or in late planning in New York, Connecticut and New England.

According to an inaugural report from healthcare real estate data service Revista that was released May 20 during a launch event in Boston, there are 66 health care construction projects in the Northeast alone, and Revista is planning on releasing more market data in the coming months.

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Baylor Hospital Buys Land for Replacement Facility

FORT WORTH, Texas — Baylor Surgical Hospital in Fort Worth, Texas announced that it bought a 5.3-acre plot in the final days of October to be used for a new facility to replace its current building. The hospital plans to begin construction on the new $35.1 million, 77,000-square-foot facility in May of 2013, after outgrowing its current 34,000-square-foot building.

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Health Care Construction Expected to Increase

MINNEAPOLIS — A majority of health care facility administrators expect construction to increase in the next one to two years, according to a survey conducted by Mortenson Construction.

Conducted at the Fall 2011 Healthcare Design Conference in Nashville, Tenn., the survey questioned more than 300 conference attendees. Mortenson sponsored the event’s cyber café and surveyed attendees as they logged in to use the computers. Participants included health care administrators and facilities managers, architects, builders and suppliers.

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