Attendees to a recent Westmarc webinar were treated to an overview of the West Valley’s dramatic healthcare sector expansion, particularly along I-10 and McDowell Road.
As a result of the region’s population growth, demographics are now trending younger. Two projects discussed at the event aimed at serving those demographics were Phoenix Children’s Hospital’s $33M Avondale expansion and a number of medical offices planned for the city’s The BLVD mixed-use development.
Trevor Stokes, CEO of The Partnership for Workforce Innovation, told attendees healthcare has overtaken government as Maricopa County’s largest employer, and the county’s growing population will ensure healthcare-related jobs remain in high demand, as will the development needed to house their workplaces.
To that end, Alexandra Loye and Philip Wurth of Colliers International updated attendees on a new medical office project at 1830 N. Bullard Avenue that will break ground this spring. Loye said there had not been a new multi-tenant office building in the area since 2014.
Wurth explained it is difficult to accommodate medical space needs in a standard office development, but that healthcare companies will have to be creative moving forward, both in developing new spaces and in repurposing existing ones. (Source)