Construction to begin on $125M health campus in Scottsdale

Article originally posted on Phoenix Business Journal on October 8, 2017

Construction is expected to begin this fall on a 43-acre, mixed-use campus at Loop 101 and 90th Street in Scottsdale.

Phase I of the project will include luxury assisted living, skilled nursing, medical office, retail, hotel and parking — and cost about $125 million to develop.

Smith Development/C.D. Smith Construction will provide construction services, while Plunkett Raysich Architects will provide design services. Both companies are based in Milwaukee, Wisconsin.

Los Angeles-based CBRE Group Inc. (NYSE:CBG) has been retained for leasing of the Sierra Bloom Wellness Campus.

The first phase will encompass about 300,000 square feet and will include:

• 71,000-square-foot, 120-bed behavioral health hospital

• 125,000-square-foot, 118-unit luxury assisted living and memory care community

• 120-room hotel

• 90,000-square-foot multi-specialty office building

• 50,000-square-foot skilled nursing facility

• 2,500-square-foot national quick service restaurant

• 6,000-square-foot national convenience store

“There is tremendous demand in Scottsdale for a high-end health and wellness destination and our first phase beginning in the fall will lift this project off the ground after many years of anticipation,” said Joshua Teague, Senior Vice President with Chicago-based Healthcare Development Partners, who leads the project along with Phoenix-based venture partner Pima Centre. “Merging best-in-class operators from multiple cross-sections of the continuum of care is the essence of Sierra Bloom, and we’re pleased to be bringing the vision to fruition.”

Vince Femiano and Kate Morris with CBRE’s Phoenix office will lease the balance of healthcare space on the Sierra Bloom campus while Zachary Pace with Phoenix Commercial Advisors has been retained for the retail leasing portion of the campus.

The property is owned by Salt River Pima Maricopa Indian Community and is under a long-term ground lease to Pima Centre LC, a joint venture between Healthcare Development Partnrs and Grosvenor Holdings in Phoenix, said Femiano.