Dallas-based real estate development firm Fidelis Healthcare Partners, Saint Joseph Hospital and its parent SCL Health, have completed development of the 98,000-square-foot, mixed-use Saint Joseph Medical Office Pavilion on the campus of the 400-bed Saint Joseph Hospital in Denver.
The five-story pavilion includes three floors dedicated to Class A medical office space, plus 10,000 square feet of ground-level retail and restaurant space. The facility also features a 10,000-square-foot, all-glass “jewel box” on the fifth floor with a rooftop sky deck that includes two patios, a fire pit and scenic views of downtown Denver and the mountains. Also included are convenient ground-level, covered parking for physicians and an adjacent lot that offers free parking for patients, visitors and tenants.
The Denver-based project team includes architect Boulder Associates, contractor Saunders Construction, healthcare broker CBRE, retail broker Legend Retail Group and Wellspring Consulting as construction manager. .
Mark C. Allyn, chief investment officer with Fidelis Healthcare Partners, added, “We faced a number of challenges in developing the pavilion, including increasing site security and health procedures because of the pandemic. Yet we completed the project on budget and only two weeks behind schedule.” Construction began in June 2019.
To date, Fidelis has two signed leases for the medical office space and others are in process. Saint Joseph Medical Office Pavilion is owned by Fidelis Healthcare Strategic Partners, a joint venture (JV) with a major state retirement fund advised by Bentall Kennedy, a leading investment management firm and a longtime partner in previous ventures with Mr. O’Neil and Mr. Allyn.
