University of Arizona to build $136M medical research building in downtown Phoenix

 

 

 

 

 

 

 

 

 

When you can do the common things of life in an uncommon way, you will command the attention of the world.

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Angela Gonzales Senior Reporter-Phoenix Business Journal

he University of Arizona College of Medicine is using the last of Legislature–approved bond money to build a $136 million, 10-story research building on the Phoenix Biomedical Campus in downtown Phoenix.

The Arizona Board of Regents is slated to vote on the project June 6, but Phoenix Mayor Greg Stanton said he is confident the regents will approve the 245,000-square-foot structure that will create 360 new health professional jobs downtown. The construction process alone would employ another 500 people.

The Biosciences Partnership Building will be built and owned by UA.

With the construction of this new building, the 30-acre Phoenix Biomedical Campus at Seventh and Van Buren streets will be 25 percent built out. The master plan calls for 6.5 million square feet.

This project adds to the 220,000-square-foot outpatient cancer center across the street, which is scheduled to be completed in July 2015 and open to patients by September. Called the University of Arizona Cancer Center at Dignity Health’s St. Joseph’s, the cancer center is expected to employ upwards of 800 people.

The same bond money being used for the new research building was used for the cancer center. Funding comes from the Stimulus Plan for Economic and Educational Development bonds, also known as SPEED bonds. The Arizona Legislature approved nearly $800 million for the bonds in 2008.

Angela Gonzales covers health, biotech and edu

SEE IT ALL

http://www.bizjournals.com/phoenix/blog/health-care-daily/2014/05/university-of-arizona-to-build-136m-medical.html?ana=e_du_pub&s=article_du&ed=2014-05-15&u=29203542934f10fa562db92b3ab7a7&t=1400327635

 

 

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I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.

 

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