Children’s Hospital to Add New $180M Research Building on Main Campus
- Apr 30, 2012
Cincinnati Children’s Hospital Medical Center plans to start work this summer on a 15-story research building on its Burnet Avenue campus. The new building will be adjacent to and physically integrated with the research building that Cincinnati Children’s opened in 2007.
The new clinical sciences building will be located along Sabin Way. When finished, the 425,000-square-foot facility will house laboratories, offices for faculty and staff performing clinical research, and an outpatient clinic and imaging facility for clinical trials and research. Cincinnati Children’s will then have the largest pediatric research facility in the country, with 1.4 million square feet.
The total cost of the project is estimated at $180 million. It will be financed through a mix of operating cash and investments, future operating cash flows and private donations. The Cincinnati Enquirer reports that Children’s will try to raise about $54 million from donations.
“Expanding our research space is essential to supporting our world-class faculty investigators,” said Arnold Strauss, MD, director of the Cincinnati Children’s Research Foundation, in a press release. He also added that the goal of the project is to ”create a physical link” between research and medical services.
Messer Construction is the project developer, while GBBN, GPR and HDR are the architects. The hospital announced in a news release that construction is scheduled to start this June with completion in the summer of 2015.
“This new space will enable us to attract and retain more of the world’s top-notch researchers, innovators and clinicians who want to be at the leading edge of discovery,” Michael Fisher, president & CEO of Cincinnati Children’s, stated in a press release.
Cincinnati Children’s Hospital Medical Center is one of the top three pediatric hospitals in the country and one of the top five employers in the area. Over the years, it has become one of the region’s most important economic engines.
Image courtesy of http://www.cincinnatichildrens.org.