First Look: $168M Medical Office Space To Rise Next To CPMC Rebuild

Sutter Health has selected Pacific Medical Buildings to develop a $168 million medical office building at its new California Pacific Medical Center campus in San Francisco.

The nine-story, 250-square-foot office medical office building will be located on the rebuilt CPMC Cathedral Hill campus at Van Ness Avenue and Geary Street, a project that includes a new 700,000-square-foot acute-care hospital.

The $2 billion hospital is currently under construction and slated to open in 2019. The project was approved last year after more than a decade of planning and political wrangling.

"This is an exciting project for us and we are privileged to be a part of the new medical center campus," PMB President Mark Toothacre said in a statement. "The centralized location of the new campus will significantly enhance the ability of San Franciscans to obtain needed medical care even after a major seismic event."

Development of the medical-office space, which is aiming for LEED Silver certification, will be a joint venture between Chicago-based real estate investment trust Ventas and San Diego-based medical office developer Pacific Medical.

Construction is slated to kick off in the first quarter of 2015 and the space is expected to open around the same time that the hospital is completed in late 2018.

Half of the medical office space is already pre-leased to CPMC and the Sutter Pacific Medical Foundation, both Sutter organizations, for physician offices and ambulatory care medical uses. Independent private physicians practices will be able to lease the remaining 50 percent.

The new medical office space will be connected to the main hospital via a pedestrian tunnel that will run underneath Van Ness Avenue, PMB said. The medical office building will also have its own six-level subterranean parking structure with space for 383 cars. Sutter will own and operate the parking garage.

The architect for the medical office building is BoulderAssociates, and the project's general contractor is Pankow Construction.

Credit: Marlize van Romburgh

Source: http://www.bizjournals.com/sanfrancisco/blog/2014/12/cpmc-sutter-health-pacific-medical-mob-vanness.html