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John C. Lincoln Buys Hospital Site for $5.6M From Westcor

By Eric Jay Toll for the Arizona Builder’s Exchange

Original Source: Phoenix Business Journal

Photo Credit: Devenny Group Ltd

John C. Lincoln Hospital is set to build the first phase of a future 120-bed Sonoran Health and Emergency Center on 22 acres near I-17 and Carefree Highway, Phoenix. The hospital acquired the land from Macerich and Westcor for $5.6M ($254K/acre). The first building, a $18M emergency department and diagnostic imaging service center, along with medical offices, is being designed by Devenny Group Ltd. and built by DPR Construction.

John C. Lincoln officials expect to break ground in December with a one year construction timeline. Depending on population growth and demand, the 120 hospital is planned as a future response to the market. The seller will start putting in road and water infrastructure soon to accommodate the hospital development.

Macerich has plans for the 55 acres of the site it still owns. It expects to mix medical offices and retail developments along the I-17 frontage road with perhaps as many as eight car dealerships. The site was originally intended as a massive auto mall, but the economy stymied that concept and sent Macerich back to Phoenix with revisions in the proposed zoning and plans for the site.

Read more at Phoenix Business Journal