The Hot Healthcare Sector is Gobbling Up Commercial Space
On Tuesday, White Plains Hospital opened the door to what they refer to as “The Future of Cancer Care in Westchester County.” The hospital, one of Westchester’s largest employers, grew its campus with new construction and the expansion...
(L-R: Bill Mooney, CEO, Westchester County Association, Susan Fox, President & CEO, White Plains Hospital, and Amy Allen, Vice President, Westchester County Association at the opening of WPH's Center for Cancer Care on February 23, 2016. John Vecchiolla Photo.)
...of its Center for Cancer Care. The development includes the addition of a six-story tower to the existing cancer center to house physician offices, research labs, clinical trial programs, an expanded infusion center, and a host of spa-like amenities.
A few miles west, Northwell (formerly NorthShore-LIJ), partnered with GoHealth, an operator of urgent care centers, and on Wednesday, opened a new facility in Tarrytown. Unlike traditional medical settings, urgent care centers operate in sizable areas of retail space, bringing Westchester’s booming healthcare industry out of offices and into high- profile retail areas. In the era of amazon.com, bricks and mortar retailers are rethinking their space needs and property owners are looking to the healthcare industry to fill vacant space. Hey zoning boards, are you paying attention? For their part, Northwell and GoHealth have aggressive plans to open 40-60 new centers on Long Island, Queens, Staten Island, Manhattan, and Westchester by 2018. The goal is to provide convenient community-based healthcare in retail settings.
Growth Planning: The Largest Employment Sector is Leasing and Building More Space
Fueled by billions in investment, the healthcare industry continues to grow in Westchester County. The world’s top healthcare systems are here, bringing an infusion of capital and cutting-edge academic medicine. So, more advanced care, closer to home, requires more commercial space. Here’s a small peek at some of this year’s major projects:
White Plains Hospital
Added a new lobby and seven-story patient tower with surgical suites, private maternity rooms, and private patient rooms;
Opened a new urgent care center and primary, pediatrics, and specialty care in Armonk;
Partnered with Montefiore Medical Center and added a six-story tower to its existing cancer center, adding access to hundreds of clinical trials and even more advanced treatment;
Opened a second cardiac catheterization lab.
Partnered with GoHealth to open an urgent care facility in Tarrytown, New Rochelle, and Yorktown.
Memorial Sloan Kettering
Opened free-standing outpatient care facility in West Harrison a with multi-disciplinary care team;
Providing access to specialists and hundreds of clinical trials.
NewYork-Presbyterian Healthcare System
Building a two-story cancer pavilion at NYP/Lawrence Hospital;
Providing access to hundreds of clinical trials;
Opened a cardiac catheterization lab.
Hospital for Special Surgery
Announces the development of an outpatient facility at 1133 Westchester Avenue (an office building) in White Plains.
Filled 3030 Westchester Avenue (built by WCA investor Simone Healthcare Development) and expanded physicians offices and imaging services along the I-287 corridor.
Development of a new eHealth Center in the main campus to better coordinate ICU care with other network WMC Health network facilities throughout the Hudson Valley
Built a 2,400 square foot Solace Center for families of Trauma and Intensive Care patients
Healthcare is a $15 billion industry in the region and remains Westchester’s largest employer. As commercial real estate and the healthcare industry evolve, expect to see more healthcare-related businesses occupying commercial real estate space.