  

|
REAL ESTATE &
DEVELOPMENT -- April 1999
LEXINGTON
UK Planning Major Expansion of Chandler Medical Center
Ground will be broken this year on two buildings that will become the new gateway to
the University of Kentucky Chandler Medical Center for the next millennium.
In less than three years, a new skywalk will connect the planned $33.5 million
Aging/Allied Health building and the Linda and Jack Gill Heart Institute.
"The Chandler Medical Center is entering an exciting three-year period with four
new buildings to be built on campus and one in Hazard, Ky.," said Medical Center
Chancellor James W. Holsinger Jr., M.D., Ph.D. "The Aging/Allied Health and the Gill
Heart Institute buildings will result in a remarkable transformation for the physical
appearance of the Medical Center."
Construction is expected to begin in October on the 155,000-square-foot, five-story
Aging/Allied Health building on the Rose-Limestone triangle south of Kentucky Clinic and
next to the UK Sanders-Brown Center on Aging Research Addition. Two months later, ground
will be broken on the 87,000-square-foot, five-story Linda and Jack Gill Heart Institute
near the front of the Hospital Emergency Department. The heart institute project is
expected to cost up to $14 million.
Last March, the Kentucky General Assembly earmarked $20 million in state funds toward
the $33.5 million Aging/Allied Health building. The remaining $13.5 million will come from
gifts and donations. The building will house the College of Allied Health Professions,
Sanders-Brown Center on Aging programs, research labs, gerontology offices and the Office
of the Chancellor.
The Gill Heart Institute will feature outpatient clinics, research laboratories,
classrooms and office space for faculty and staff.
The Gill Heart Institute and the Aging/Allied Health building arent the only
major construction projects that will get underway this year. Plans also call for building
a Womens Cancer Facility on the foundation of the MRISC building. The
43,000-square-foot, three-story facility is estimated to cost $8 million. Construction is
scheduled to begin in October and be completed 18 months later. Once finished, the
building will be home to radiation medicine, infusion therapy and womens cancer
clinics.
Medical Center officials also are assessing sites for a Center for Advanced Surgery.
The building, which is in the conceptual stage, will house outpatient surgery and offices
near the Hospital parking garage. The size and cost of the proposed building have not been
determined.
BELLEVUE
- The City of Bellevue has received a $1 million state Community Development Block Grant
from the state that will enable the city to move forward with its riverfront development.
Companies committed to the project include Landrys, a Houston-based restaurant chain
that plans to build a Joes Crab Shack, and Brandicorp, a Cincinnati developer that
will construct a three-to-four story office building that will include a Burger King
restaurant on the main floor.
BOONE COUNTY
- Pan Am International Flight Training and DHL Airways Inc. are the newest tenants at
Airpark Internationals Airpark Business Center. Pan Am will be leasing 17,000 square
feet to establish flight safety training and flight simulator training for commercial
pilots.
LEXINGTON
- Lexingtons Kincaid Towers office building has been sold for $18 million to 300
West Vine LLC, a limited liability company. The company was established by Robert Langley,
owner of Langley Properties, which also owns The Mall at Lexington Green as well as
commercial properties in other cities. Money from the sale of the property is expected to
be handed over to creditors of Kentucky Central Life Insurance Co., the now-defunct
company for which the building was originally constructed.
- Bluegrass Medical Pavilion, L.L.C., an affiliate of Bluegrass Orthopaedics, has
purchased 6.73 acres adjacent to St. Joseph East Hospital from Ashland, Inc. Bluegrass
plans to utilize the property to develop 70,000-square-foot medical facility that will
include an ambulatory surgery center, physical therapy, and medical office space.
- Ashland, Inc. has sold 6.73 acres of its property adjacent to St. Joseph East Hospital
to Bluegrass Medical Pavilion, L.L.C., an affiliate of Bluegrass Orthopaedics that plans
to develop a 70,000-square-foot medical facility that will include an ambulatory surgery
center, physical therapy, and medical office space.
LOUISVILLE
- Officials from SHPS and its parent company, Sykes Enterprises, Inc. announced a major
expansion of their operations in Louisville. SHPS will offer its health care management,
employee benefits and both inbound and outbound national call center services to customers
nationwide at its newly constructed headquarters. SHPS anticipates developing a new
campus-like environment in the eastern part of Jefferson County. The campus would consist
of up to approximately 450,000 SF.
- The YMCA building located at the intersection of Broadway and Third Street in Louisville
has been purchased for $1.3 million by St. Francis High School, which plans to renovate
the 86-year-old structure. St. Francis, which has leased space in the building since 1976,
plans to continue utilizing space there but will also convert part of the building into
private offices or apartments. The school hopes to complete the renovation, estimated to
cost approximately $15 million, by the fall of 2001, the schools 25th anniversary.
OWENSBORO
- A Georgia group of retail investors has purchased Owensboro Center for $14.25 million.
The center houses T.J. Maxx, Toys "R" Us, Goodys Family Clothing, Shoe
Carnival and Office Max, among other retailers. The new owners are Warm Springs Inc. and
investors James H. Sanford and Joseph C. Hardage.
Back to Real Estate &
Development Index
Back to April
Issue
|
|
Copyright 1996-98, by Kentucky Business Online, LLC. All
rights reserved.
Editorial content is copyright
1998, Lane Communications Group
All editorial materials is fully protected and must
not be reproduced in any manner without prior permission.
Buzzword and the Buzzword
balloon are registered trademarks of Buzzword, Inc. The Lane Report is a trademark
of Lane Communications Group. All other trademarks are the property of their
respective owners. |