Citing delays and other difficult situations with the allocation of Courthouse Landing in Chesterfield, VCU Health is moving a proposed outpatient medical center out of the mixed-use development to a nearby site.
The suitability formula is regulatory approval to move the yet-to-be-built surgical center to an asset about a mile away, near the intersection of Iron Bridge and Beach Roads in Chesterfield County, according to its application recently filed with the Department of Virginia. . Bless you.
In addition to the request to reallocate the allocation, VCU Health has also requested an extension of the allocation’s structural timeline. VCU Health currently anticipates the award will collect $33. 5 million, several million dollars more than the $30. 7 million associated with the award when it was first approved under Courthouse Landing.
VCU Health had planned to build a 60,000-square-foot facility with 4 operating rooms and offices to anchor Courthouse Landing, which is expected to feature at least 250,000 square feet of advertising space, a hotel, and many apartments on a 124,000-square-foot lot. One-acre lot at the intersection of Courthouse and Iron Bridge streets.
But due to “several similar structural and funding delays,” according to the application, Formula Fitness would prefer to build the outpatient care center on Iron Bridge Road.
VCU Health obtained approval from the state’s fitness commissioner for the Courthouse Landing outpatient care facility in 2021. In Virginia, certain medical devices and services used to equip fitness centers must be approved through the Certificate of Public Necessity (COPN). ) state regulatory. process. Moving an approved task to a new location requires state approval.
VCU Health’s application was reviewed by VDH staff earlier this week, Erik Bodin, COPN department director, said Monday. He said a final ruling on the request would be made through state Health Commissioner Karen Shelton at a later date.
Fitness Formula said in its filing with the state in early June that it has faced demanding situations moving forward with its assignment at Courthouse Landing, adding monetary issues and the replacement of the assignment’s developer, which VCU Health said hampered negotiations for a lease for a site. in development.
“VCUHS has faced several challenging situations beyond its control. These come with demanding situations such as the delivery of allocations, the appraisal price of land and relevant final demanding conditions, as well as demanding pandemic-like financing situations (requiring a redistribution of resources) and the need to “adapt to the structure of the post-pandemic market. ” says the presentation. Formulate an acronym for VCU Health System.
“VCUHS experienced an unforeseen replacement in the task developer, forcing VCUHS to renegotiate key elements of the task, in addition to reviewing the property design and selection for the task. ”
Courthouse Landing is being developed through an organization of Florida-based developers who purchased the assignment from the Chesterfield Economic Development Authority and a personal owner in early 2023, during which time that team had taken over the assignment from Dunphy Properties and Shuler Properties. Dunphy and Shuler effectively rezoned the assignment in mid-2020.
VCU Health’s new favorite is a 6-acre parcel of land near the intersection of Beach Road and Iron Bridge Road.
The app does not include an express address for the new location. A map included in the app appears to show that the new proposal is at or near the Ironwill Center development, which has a First Watch and a Chipotle and is near Chesterfield Government Offices.
Fitness Formula said in its application that the new site, near the approved site in Courthouse Landing, would still meet the patient call that prompted the initial assignment and would relieve VCU Health’s downtown surgical facilities. VCU Health stated in the application that it would own the land on which it would build the facility.
VCU Health declined to comment on its willingness to the outpatient project.
“(VCU Health) evaluates its business plans and opportunities in a mission-driven manner, keeping the most productive interests of our patients first. The explicit principal points of this opportunity remain confidential,” said VCU Health spokesperson Danielle Pierce, in an email Tuesday. .
Pierce did not respond to a question about what VCU Health would do if the state denied its application.
VCU Health’s plans to own Courthouse Landing prompted Chesterfield in 2022 to modify a functionality grant agreement already in place for the project. It’s unclear how the deal would be affected if VCU Health moves the outpatient center out of the development.
A spokesperson for Chesterfield referred to VCU Health.
VCU Health’s pivot comes less than a year after painting began on Courthouse Landing in October. It is unclear where the allocation has been since the inauguration ceremony. At that time, paintings on the site were already underway.
Jeff Doxey of real estate firm NAI Dominion, who has been on the project since its inception, responded to requests for comment for this article.
In the past, the progression team had told BizSense that they intended to complete the paintings and infrastructure of the site and then sell individual parcels of the entire site to other corporations to manage their own structure projects.
The work equipment and apparatus were there on Tuesday morning. Since October, building permits have been granted and plans have been submitted for Virginia Credit Union, Panera Bread, Sheetz, Outback Steakhouse and residential units, according to online records.
Jack joined BizSense in 2020, covering startups, retail, healthcare, public companies, and nonprofits. In the past he reported for the Virginia Gazette and Tidewater Review. He is a graduate of Christopher Newport University. Contact him at [email protected] or 804-554-6545.
Health care deserves to come from the personal sector. Unfortunately, Obamacare, state “health systems,” and bureaucracies that haven’t caught up with the Covid reaction have the norm in fashionable society. No one is paying attention to those government expenditures.
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