Mortenson Development, Inc., the development arm of top-20 U.S. builder Mortenson, today announced the recent topping out of the new 43,732-square-foot Class A medical office building at the intersection of West 91st Place and Candelas Parkway in Arvada, Colorado.
The new two-story facility, designed by Davis Partnership Architects, broke ground in July 2020. Once complete, the facility will provide convenient access to primary care physicians in the rapidly growing Candelas master-planned community.
“Healthcare delivery methods and consumer preferences are evolving rapidly, and access to quality care in our communities has never been more important,” said Taber Sweet, Director of Real Estate Development with Mortenson Development, Inc. in Denver. “Despite all the challenges of the past year, our development and construction teams have managed to keep this vital project on track for delivery to the Candelas community this summer. We’re proud to once again be partnering with SCL Health to bring a next-generation healthcare facility to Colorado.”
Since 2012, Mortenson Development, Inc. has partnered on the development of nearly 700,000-square-feet in the healthcare space, including more than 40 projects with SCL Health. SCL Health provides coordinated care through eight hospitals, more than 150 physician clinics, and home health, hospice and mental health and safety-net services primarily in Colorado and Montana.
The Candelas facility is the first project on which Mortenson will act as a developer/owner for the nonprofit healthcare organization. Mortenson was additionally responsible for site planning and design services for the development, including managing all entitlements and city approvals.
“This is an important location for us,” said Steve Chyung, Senior Vice President with SCL Health. “Our new Candelas facility sits nearly equidistance between our Lutheran and Good Samaritan Medical Centers. Given the rapid growth in this area, we recognized the need to bring additional healthcare services to this part of the community. We’re pleased with the progress on this facility and look forward to continuing to expand SCH Health’s network of care here in Colorado.”
Mortenson partnered with Seavest Healthcare Properties, LLC in a joint venture to develop the project. Seavest is a sector-specific investor focused on investing in medical office buildings and outpatient facilities of all types that are strategic to hospitals. Seavest has been a recognized owner and manager of these critical assets for more than 30 years.
To learn more about Mortenson’s development capabilities, please visit www.mortenson.com/development
About Mortenson
Mortenson is a U.S.-based, top-20 builder, developer, and engineering services provider serving the commercial, institutional, and energy sectors. Mortenson’s expanding portfolio of integrated services helps its customers move their strategies forward, ensuring their investments result in high-performing assets. The result is a turnkey partner, fully invested in the business success of its customers.
Founded in 1954, Mortenson has operations across the U.S. with offices in Chicago, Denver, Fargo, Iowa City, Milwaukee, Minneapolis, Phoenix, Portland, San Antonio, Seattle, and Washington, D.C. For additional information, visit www.mortenson.com.
About SCL Health
SCL Health is a faith-based, nonprofit healthcare organization dedicated to improving the health of the people and communities we serve, especially those who are poor and vulnerable. Founded by the Sisters of Charity of Leavenworth in 1864, our $2.8 billion health network provides comprehensive, coordinated care through eight hospitals, more than 150 physician clinics, and home health, hospice, mental health and safety-net services primarily in Colorado and Montana. We relentlessly focus on delivering safe, high-quality, effective care to every patient, every time, everywhere. In 2019, SCL Health invested $255 million in community benefit—9 cents of every dollar we earn—to support health improvement in our communities.
About Seavest
Seavest Healthcare Properties, LLC is a real estate investment management firm focused on the medical office and outpatient facility sector. The firm acquires existing properties, joint ventures with established developers to build new properties, and asset manages medical office buildings, outpatient facilities and similar healthcare real estate assets. A pioneer in this sector, Seavest made its first healthcare real estate investment in the mid-1980s. Today, the firm has a significant portfolio of medical office buildings and outpatient facilities located throughout the United States. For more information, please visit www.SeavestHCP.com.