150 KSF MOB to Rise on Cincinnati Campus
The development is part of a $365 million expansion.
Cincinnati Children’s Hospital will be undertaking a major expansion of its Liberty Campus in Butler County. The development will feature a new, four-story medical office building totaling 150,000 square feet, according to FOX19 NOW. Site preparation will start in March, with construction beginning this summer and scheduled for completion in 2027.
The outpatient facility will accommodate numerous specialty clinics. Many of the clinical services to be officed there are already available at the campus, but moving them to the new medical office building is intended to free up space in the hospital.
The expansion will also include the construction of a four-story hospital building that will add 72 new inpatient beds, as well as four operating rooms, three new surgical procedure rooms, eight new rooms for imaging and 10 more rooms for the emergency department. Delivery is expected by summer 2028.
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Cincinnati Children’s estimates that the initial overall investment in the Liberty Campus expansion will be $365 million, to include design, construction and medical equipment.
Hospital media staff have not replied to Commercial Property Executive’s request for additional information.
The 61-acre Liberty Campus opened in August 2008. It handled about 109,000 visits in its first year, a volume that has ballooned to more than 282,000 patient encounters a year, including an average of 60 surgeries a day.
Cincinnati health-care real estate on the rise
The health-care real estate market in Cincinnati saw several upticks in the third quarter of 2024, according to a Colliers report. The occupancy rate increased to 93.8 percent, up by 10 basis points over the quarter and 50 basis points over the year.
Meanwhile, absorption totaled 192,732 square feet in Q3, up from 124,770 square feet year-over-year. However, construction activity slowed down to only 137,000 square feet, signaling a tendency of stabilizing existing properties rather than building new product.
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