Valley Presbyterian Hospital is planning to add a 75,000-square-foot environmentally certified medical office building to its campus complex. The project, which the hospital has been planning for several years, would create about 24 physician offices and provide an outlet for expansion of outpatient services for the hospital. “There hasn’t been a building built here in quite some time,” said Gus Valdespino, the hospital’s president and CEO. “It fits in with the expansion of our services here that’s been going on for the past three years. This is all part of a master plan to better reach the community and better serve the needs of the community.” The hospital is weeks away from a contract with a developer but plans are for the hospital to lease the land to the developer for construction, who will then lease the space back to the hospital. Construction is expected to begin in December with the facility being open by June 2012. An alternative timeline includes a start time of March 2011 and an opening time of March 2013. The structure would be built on Vanowen Street on a parcel of land adjacent to the hospital’s main campus. The land, owned by Valley Presbyterian Hospital, has been empty since 1996 when a medical office building damaged by the 1994 Northridge earthquake was torn down, Valdespino said. “There’s very little office space in the existing office buildings that are here on campus,” said Julie Reback, the hospital’s vice president of business development, who added that the new Class-A structure would be the hospital’s first medical office building that reaches the highest level of building design standards. “There’s been a demand on the physician side as well. There’s very little open space that meets that quality.” The costs of leasing space for outpatient services in the new medical office building are planned into the hospital’s operating budget, Valdespino said. The construction will be paid for by the developer.
Valley Presbyterian Hospital Adding Medical Building
