Magazine article Health Facilities Management

Construction Quarterly: A Snapshot of Health Care Projects, Hot Spots and Architecture

Magazine article Health Facilities Management

Construction Quarterly: A Snapshot of Health Care Projects, Hot Spots and Architecture

Article excerpt

RSMeans provides analytics for health care construction and facilities management. Data are supplied from Reed Connect[TM]--a product of Reed Construction Data. Market studies and enterprises executive dashboards are available. For information, call 781-422-5105.

CURRENT AS OF APRIL 2014

TOP PROJECTS ON THE BOARDS

Construction projected to bid in next 12 months *

FACILITY                            LOCATION             DOLLAR VALUE

Union Village Integrated Health     Henderson, Nev.      $1.5 billion
Weill Cornell Ambulatory Care       New York City        $896 million
  Center
West Los Angeles VA Medical         Los Angeles          $800 million
  Center
VA Medical Center Louisville        Louisville, Ky.      $700 million
Prince Georges Hospital             Greenbelt, Md.       $650 million
Omaha Veteran Administration        Omaha, Neb.          $500 million
  Hospital
Marin County General Hospital       Greenbrae, Calif.    $500 million
Brigham & Womens Hospital           Boston               $450 million
  Research & OU
Rehabilitation Institute of         Chicago              $423 million
  Chicago
Harbor-UCLA Medical Center          Los Angeles County   $416 million

* As reported for projects in the planning phases

RSMEANS HOSPITAL CCI Construction Cost Index for 30-city national average *

JUNE 2014 $300.05 FORECAST

MARCH 2014 $299.75

DEC. 2013 $299.42

SEPT. 2013 $297.69

JUNE 2013 $295.05

* Materials, labor and equipment are researched quarterly to establish index. Based upon the RSMeans square-foot model for hospitals. Index does not include site work, land costs, development costs, specialty finishes or equipment, basement and selected architectural fees.

CONSTRUCTION INVESTMENT

Hospital and clinic construction in all states *

NEW CONSTRUCTION $38. …

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