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Anchor, Bayhealth Open Delaware MOB

by Index Investing News
October 9, 2024
in Property
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The primary part of Bayhealth at Blue Hen opened in June. Picture courtesy of Anchor Well being Properties

Anchor Well being Properties and Bayhealth Medical Middle have accomplished Bayhealth at Blue Hen, an 80,000-square-foot redevelopment in Dover, Del.

Bayhealth introduced the challenge again in 2021 and deliberate to start redevelopment in 2022. The health-care supplier had acquired a portion of Blue Hen Company Middle in an effort to broaden its medical companies already offered on the property.

Previous to its redevelopment, the property served as an enclosed shopping center, which was transformed into workplace area within the Nineties.

Consultants are predicting extra conversion initiatives within the medical workplace sector, based on a Marcus & Millichap report. Workplace and retail properties are being redeveloped into outpatient properties, given inflation for materials and labor prices.

Redevelopment course of particulars

Anchor Well being Properties offered companies equivalent to identification and acquisition of the location, planning, programming, and oversight of the design and building of the power. Becker Morgan Group offered structure and civil engineering companies, The Whiting-Turner Contracting Firm served as basic contractor and Furlow Associates offered MEP engineering companies.

The primary part opened in June and featured main and specialty practices. The second and closing part opened final month and is devoted to outpatient rehabilitation. The clinic provides medical companies equivalent to endocrinology, main care, pulmonology, neurology, gastroenterology and speech remedy, amongst others. The constructing additionally features a 20,000-square-foot convention heart.

Bayhealth at Blue Hen is at 665 S. Bay Street, between U.S. routes 1 and 13 and fewer than 2 miles from downtown Dover. Medical suppliers within the surrounding space embody Household Medical Middle, Renal Care Middle and Eden Hill Medical Middle.



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