NexCore Group Breaks Ground on Medical Office Building for Saint Agnes Hospital in Baltimore, MD

NexCore Group has broken ground on an 85,800 square foot medical office building (MOB) on the campus of Saint Agnes Hospital in Baltimore. The ground break is NexCore’s third of 2011.

NexCore is developing the $24 million MOB in collaboration with Saint Agnes Hospital—a 298-bed, full-service teaching hospital with residency programs in medical and surgical specialties. Saint Agnes is a member of Ascension Health, the largest non-profit healthcare organization in the country.

The new MOB is part of the hospital’s $200 million master plan to enhance and expand its campus. The campus revitalization will create 550,000 square feet of new facilities and patient-friendly, integrated environments that better serve the hospital’s growing patient base. Major progress on the revitalization plan has been completed over the past three years, including the campus centerpiece, a new 200,000 square foot patient tower with 120 private rooms.

The four-story MOB will be connected to the hospital on multiple levels and will have its own patient-dedicated surface parking. The facility will house independent and hospital-employed physician groups as well as growing hospital programs such as the Cancer Institute and Cardiovascular Institute. The Cancer Institute at Saint Agnes was recently awarded the highest accreditation possible for a cancer program from the Commission on Cancer, an accreditation level that has been bestowed on only 14 percent of the nation’s hospitals.

“We are excited about the new medical office building, which is our first on-campus medical office development in over 20 years,” says Bonnie Phipps, President & CEO of Saint Agnes. “We view the new facility as an integral part of our campus revitalization. It will provide our patients and medical staff with a modern, conveniently located ambulatory care center and will also allow our Cancer Institute to expand its capacity by 40 percent.”

“We’ve definitely had our challenges on this project, and NexCore has responded with flexibility and creativity every step of the way,” says Ms. Phipps. “For example, NexCore was willing to redesign the MOB late in the pre-development process to help us attract more physicians to our campus. We value a developer that puts the hospital’s strategic objectives first.”

“We are proud to develop and own this important building,” says Jarrod Daddis, Executive Managing Director at NexCore. “The new building will provide space for state-of-the-art outpatient services in oncology, cardiology, thoracic, urology, pulmonology and hepatology and will provide growth for more providers. It is exciting to be a part of the history and future of health care at Saint Agnes Hospital.”

NexCore Group is providing a full spectrum of healthcare real estate services for the MOB project, including strategic planning, development, financing, leasing, and management.