Construction Underway for Mixed-use Development on Swedish Medical Center Campus
Construction and leasing efforts are underway for Synergy Medical, a new 102,000-square-foot medical office development which will provide much needed office and retail space to the Swedish Medical Center campus. Medical tenants committed to the project include an ambulatory surgery center, neurologists, orthopedic surgeons, plastic surgeons and other complementary practices. The retail spaces are designed to include a full-service restaurant, a nationally branded coffee shop, and others to serve the more than 5,000 patients, guests and employees who visit the Swedish and Craig Hospital medical campuses each day.
Synergy Medical is being developed by a Greenwood Village-based partnership, with office leasing brokered through CBRE, Inc.and retail leasing being done by David Hicks & Lampert. The Mulhern Groupis the architect for the project. The building will include 88,000 square feet of office space as well as 14,000 square feet of first floor retail space.
The highly anticipated mixed-use development – directly across from the main entrance of Swedish Medical Center – will be the first building of its caliber built in the area in more than 30 years and add another important component to the renaissance of the neighborhood and campus. The project offers prime medical and retail space in an easily accessible location convenient to metro Denver and a top tier hospital. Free city shuttle service brings RTD light rail commuters directly to the campus.
“This is the first new medical office space developed on the Swedish Medical Center campus in over 30 years. The addition of this state-of-the-art Class AA mixed-use office and retail building will provide specialized physicians and surgeons with premier space to treat patients,” said James Coleman, a representative for the developer. “The project is in an Opportunity Zone, which is a community development tool created by the 2017 Tax Cuts and Jobs Act. New medical practices may have significant tax advantages by locating at Synergy Medical. Synergy Medical is a perfect complement to the world-class services offered by Swedish Medical Center. The building creates new opportunities for physicians interested in locating to the hospital’s campus, with spectacular mountain views from Longs Peak to Pikes Peak.”
“The retail offering at Synergy MOB is directly across the street from the main entrance to Swedish Medical Center,” said Phil Hicks, principal at David, Hicks & Lampert Brokerage, LLC. “Combined with the adjacent Craig Hospital, this project is within walking distance of thousands of employees, visitors, volunteers and physicians. This project will service the tremendous daytime and surrounding residential base.”
Swedish Medical Center is one of the top hospitals in Colorado and occupancy in the existing on-campus medical office buildings has historically been very high, with little space available for practices wanting to move to the campus,” said Dann Burke, first vice president at CBRE Brokerage Services – Healthcare Real Estate. “The Synergy Medical Office Building will provide a new Class A option for tenants at the Swedish campus and will include all of the efficiencies and amenities that physicians and patients expect from a modern medical office building in today’s competitive healthcare environment.”
HCA Healthcare/HealthONE’s Swedish Medical Center has invested more than $150 million in the expansion and revitalization of the hospital’s campus over the past three years, including the creation of a neuro intensive care unit and expanding orthopedic and robotic surgical and inpatient services. Visitor parking capacity was also greatly expanded with the addition of a dedicated employee parking garage
Rendering courtesy of The Mulhern Group