UT Southwestern has been working on a collaboration with Arlington-based THR on a number of fronts for several years. Yesterday’s vote represented UT Southwestern’s authorization to commit $139.7 million. THR is the 51 percent majority partner in the hospital and the two buildings and a parking garage is estimated at $233.8 million.
THR is primarily responsible for overseeing construction, UT Southwestern President Daniel Podolsky, M.D. told the regents. However, upon completion of the project, the medical office building will be controlled by the university.
THR has referred to the hospital portion as the Texas Health Hospital Frisco. UT Southwestern has referred to the MOB as the U.T. Southwestern Medical Center/Frisco Medical Campus Expansion.
UT Southwestern has been watching the explosive growth in the Metroplex, particularly in Collin County, and has wanted to secure a market share in the region. To that end, the university engaged THR in talks in 2014 and on Oct. 2, 2015 the two healthcare providers agreed to form a health care network that would initially represent 3,000 physicians. THR operates 24 health care facilities.
Soon after, the parties began talks on developing a medical center in Frisco that would also be a learning hospital for medical students and a place for clinical research. The project site is located at the southeast corner of the Dallas North Tollway and Cobb Hill Drive on 9 acres.
Texas Health Hospital Frisco/UT Southwestern Medical Center site plan. Courtesy of HKS.
UT Southwestern must now form a nonprofit corporate entity to develop the campus. The nonprofit organization will purchase land currently owned by THR for an estimated $1.2 million for 1.2 acres.
The construction costs have been estimated at $137.2 million for the hospital, $11.3 million for the parking and roadways, and $45.3 million for the medical office building. The remaining costs are for land, equipment and furniture, contingency accounts and capitalized interest.
The hospital, with a total of 325,000 square feet, will have staggered heights of two stories at 50 feet, three stories at 60 feet, and eight stories at 140 feet. It will be a 140-bed acute care hospital with 74 acute care beds operational upon opening and 60 in a shell state; six beds in NICU and eight operating rooms; and a 20-bed emergency department.
The medical office building will be four stories with an area of 120,000 square feet. Of the total area, 90,000 square feet will be reserved to operate a multi-specialty clinic staffed by 46 specialists. Space will also be available for physicians in the Texas Health Physicians Group.
The parking garage will have four levels, but just two above ground stories and a height of 50 feet. It will accommodate 600 cars. There is also extensive surface parking.
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