Acres Development Corp. Plans North Fort Worth Medical Office Development

A private partnership headed by an Addison-based construction management and development company is in late planning stages for Timberland Professional Park in north Fort Worth. The healthcare and professional project is being developed by ACRES Development Corp. near Texas Health Hospital at Alliance. The development will include six buildings in a park setting with individual facilities ranging from 5,000 to 7,000 square feet.  

CCRCs Need to Plan for a Bumpy Future

The early 21st century boom in Continuing Care Retirement Communities (CCRCs) couldn’t have seemed a surer bet. Seniors with assets saw value in these retirement lifestyle properties with an escalating healthcare model. And right behind them were their Baby Boomer children planning for their own comfortable retirement future. Then came 2008 and the worst economic crisis in eight decades. As retiree assets evaporated, so did the once-robust marketplace for CCRCs, preplanned communities historically known as one of the safest plays in real estate because developers get their money up front. However in the past two years alone, dozens of CCRC… Full Story

Food for (Better) Thought?

If you go to the grocery store with a specific list of ingredients for a favorite meal that you cook all the time, you can probably get competitive prices pretty efficiently. However, if you and your family are just hungry, on a budget, and want to eat something good that you may not have had before, you probably need to get together and come up with the list, before you run out and go shopping—I don’t know about you, but we get all kinds of stuff we don’t need with no list on an empty stomach. More often than not,… Full Story

HCA Plans $114 Million Expansion of its Medical City Dallas Campus

HCA North Texas is embarking on a $114 million expansion of its Medical City Dallas campus. It’s the third big local project the hospital operator has announced in recent weeks. As D Healthcare Daily previously reported, Medical City of Plano will get started on a $66 million expansion in May, and this summer, HCA will break ground on a new $71 million full-service hospital in the Alliance area of North Fort Worth. Medical City CEO Erol Akdamar said in a statement that the decision to expand in Dallas was driven by  “robust growth” in demand for specialty services. The project… Full Story

Forest Park Pavilion Sells for $27 Million

Arizona-based Healthcare Trusts of America has purchased Forest Park Pavilion, a 70,000-square-foot medical office building, from the Neal Richards Group and SRP Medical Investments. The sales price was $27 million. The property is one of five buildings that make up the Forest Park Medical Center Dallas campus, which was built in 2010. Located on North Central Expressway, in includes  two medical office buildings, a general acute care hospital containing 84 inpatient beds, 22 ORs, and a parking garage. Neal Richards Group and SRP are currently working with an undisclosed buyer for the remaining buildings at the site. For additional details… Full Story

Morning Rounds (01.28.13)

Dallas-based Tenet Healthcare Corp. has formed a joint venture with California-based John Muir Health.

Hospital merger and acquisition activity in 2012 was the highest in a decade, according to Fitch Ratings.

Physician practices are now able to bill for coordinating care of patients who have been discharged from a hospital or for those who have more than one chronic condition. Full Story

Dallas-based US Memory Care to Add Two Texas Centers; 20 More Expected in Three Years

Dallas-based US Memory Care is opening two new Texas centers, one in North Dallas and one in the Houston. The North Dallas and Houston locations are slated break ground in January 2013 and to open later in the year in addition to a Colleyville location that is set to open next month. This is just part of the growth plan for US Memory Care, which aims to build up to 20 new communities over the next three years throughout the Southwest. The North Dallas location will be built on 4.4 acres at Silverglen and Mapleshade. That center and the one… Full Story

The Replace-in-Place Construction Solution

My wife and I are planning a major renovation of our home—admittedly nothing like a healthcare project, but I will get back to healthcare, if you bear with me for a moment. Have you ever lived through a renovation in your home? What kind of experience was it? Would you do it again?  If the first answer was yes, more often than not, the third answer is, “No. I wouldn’t recommend it without serious consideration of other alternatives.” We have gone through and eliminated these alternatives: 1. Buy a new house on another site. Nearby homes are out of our… Full Story