The new St.Louis University Hospital shaping Midtown St. Louis
This year we will see the opening of the new Saint Louis University Hospital one of the biggest and most state of the art hospitals in whole of the US. Construction projects were put on hold due to the recent pandemic but the new University Hospital is about to open its doors.
The hospital has cost in excess of $550 million and houses sophisticated technology and design that supports and elevates academic-medical partnership with the Saint Louis University School of Medicine. The new SLU Hospital campus is located on 15 acres adjacent to the current facility off Grand Boulevard between Rutger and Lasalle streets. The project has logged over 1.3 million workforce construction hours and has had a peak workforce team of more than 700 trades people.
The hospital is over 803,000 square feet and has 14 floors including 4 floors dedicated to ambulatory care, there are 316 private inpatient rooms, 2 expanded intensive care units (80 beds), a Conference Center and it even has a valet service.
Located in Midtown this hospital provides an opportunity to reverse the problematic trend of urban healthcare facility loss we have seen in Saint Louis. It is estimated that over the next 10 years the St. Louis region will gain huge job increases. This hospital is just one of the 16 capital projects estimated between $5-7 billion total presently planned for the Midtown corridor.
Within the next few years, midtown St. Louis near Saint Louis University may well be the busiest 400 acres in St. Louis in terms of new development. The St. Louis Midtown Redevelopment Corporation, a certified 353 redevelopment organization has big plans for the neighborhood, the new hospital was just the start.
Located directly west of the new redevelopment area, Cortex is a 200-acre innovation and technology hub that, when completed, will house 15,000 permanent technology-related jobs in over 4.5 million square feet of mixed-use spaces. More than 250 companies already call Cortex home. The Saint Louis Midtown Redevelopment Corporation’s authority form a critical link in the chain to connect the City’s central corridor. With construction planned and already underway, that vision is finally taking shape.
The Midtown area is home to some of St. Louis’ most exciting attractions and neighborhoods. Forest Park, the seventh largest urban park in the United States, is a natural oasis in an urban environment. Located on 1,371 acres in the center of the St. Louis metropolitan area, Forest Park is about 500 acres larger than New York City’s Central Park. It contains St. Louis’ major museums – the Saint Louis Art Museum and the Missouri History Museum –as well as the Saint Louis Science Center, Saint Louis Zoo, and The Muny, which is the country’s biggest outdoor theatre.
The further redevelopment of Midtown is going to impact the demand for properties in the near vicinity, rental demand is already very high in this area but this is going to increase further. Areas like Shaw, Forest Park, Hamilton Heights, Parkview, Franz Park, anywhere within a five mile radius will be very sought after locations by investors.
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