Challenges of this project included:
Community leaders acceptance to revitalizing the campus
Meeting fair market rents with non-hospital tenants
Working through City approvals
Extremely tight site constraints
The Hplex Solution
Hplex Solutions was engaged by Memorial Health, a community hospital, to develop a strategy and recommendation for developing a green field site or revitalizing the existing campus in downtown Marysville, Ohio. The hospital had been given a first strategy by an Architecture firm with a price tag exceeding $126MM for initial campus improvements. Through the initial planning process, Hplex Solutions was able to save the hospital significant dollars, develop a strategy to keep the hospital on the current campus and develop a program for growth in their ambulatory network. The first phase of development on campus and the ambulatory program is over $65MM. Budget was $50M on campus and $10M off campus.
Key strategies Hplex Solutions utilized to complete this Project ahead of schedule:
Early selection of core team members
Managing scheduling and phasing of the project to reduce escalation costs
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