A convalescent hospital is in the works for a vacant land parcel not far John Wayne Airport, the Business Journal has learned.
The project is expected to add to an already busy development pipeline for hospitals and healthcare-related facilities in the Irvine area.
San Diego-based healthcare real estate developer PMB LLC is seeking to obtain approvals to build a 52-bed, 65,000-square-foot convalescent hospital at 17931 Von Karman Ave., according to Director of Development Nolan Weinberg.
The property is the last parcel of undeveloped land at the Irvine Concourse, the 48-acre campus alongside the San Diego (405) Freeway that holds a collection of office buildings, hotels, restaurants and an Equinox gym.
The development site is about a block from the intersection of Von Karman Avenue and Main Street, roughly a mile from the airport.
The immediate area counts several healthcare-related office tenants, but no significant medical facilities, save a Concentra urgent care center across the street.
“It’s a great project for the site,” Weinberg said.
The 1.4-acre site was listed for sale with an asking price of about $10.8 million, according to data from real estate market tracker CoStar Group Inc. It was being marketed for sale by CBRE’s Rickey Warner and Chip Warner.
Tim Strader Jr., of Irvine entitlement consulting firm Starpointe Ventures, has been acting as the zoning contact for the property, which currently has an allocation of 65,000 square feet of office development.
Conceptual plans for either a two- or three-story office have been proposed for the site, assuming traditional office uses.
It’s expected that PMB could get the city’s approval for the project later this year, at which point it would close on the land purchase. An early 2024 ground breaking is likely, Weinberg told the Business Journal last week.
The hospital group that would use the property hasn’t been disclosed yet. Strader said that it would be a “recognizable name,” and according to Weinberg, an announcement could be made in a month or so.
Convalescent hospitals provide short-term care, and rehabilitation and recovery services for patients after surgeries and long-term illness.
The average stay at the Irvine facility would be from 12 to 16 days, Weinberg said.
PMB, which reports having developed over 100 facilities representing approximately 5.5 million square feet, has worked on several projects in Orange County.
Late last year, PMB and Providence St. Joseph Hospital kicked off work on the new 137,000-square-foot Helen Caloggero Women’s and Family Center on the campus of Providence St. Joseph Hospital’s in Orange.
The four-story medical office building will house a wide range of services and amenities, including a mother and baby assessment center, a women’s mental health services center, and a birthing center.
Caloggero was the late mother of a large benefactor to the hospital, Marsha Moeller, co-founder of Anaheim’s Moeller Manufacturing and Supply.
The building is going up at the intersection of Main Street and Stewart Drive, a few blocks north of the Garden Grove (22) Freeway.
PMB has worked on other projects for Providence in Orange, including a medical tower and cancer center. Elsewhere in OC, PMB has worked on medical projects in Irvine, Los Alamitos and Mission Viejo, according to its website.
Irvine is now seeing a flurry of hospital-related construction move ahead.
On Jamboree Road, a couple miles away from the Von Karman development site, the University of California, Irvine and UCI Health are well underway with a new medical complex on a nearly 25-acre site on the north end of the university’s campus.
The three-building complex, with an estimated cost of $1.3 billion, will include a 144-bed, 350,000-square-foot acute care hospital with an emergency room, an outpatient Center for Advanced Care with primary and specialty health services, a Center for Children’s Health and the Chao Family Comprehensive Cancer Center and Ambulatory Care building.
The outpatient Center for Advanced Care and Center for Children’s Health will see their first patients in early 2023, and the hospital and cancer center will open in 2025, according to the school.
Elsewhere in the city at the Great Park Neighborhoods, City of Hope Orange County plans to unveil its new outpatient center for cancer research this year.
The under-construction 190,000-square-foot Lennar Foundation Cancer Center will serve as City of Hope Orange County’s primary building for research and clinical trials.
Along with the Lennar-backed medical office facility, City of Hope is in the early stages of building a nearby 170,000-square-foot cancer hospital, the first of its type in Orange County. That stand-alone facility is expected to open in 2025.
About 3 miles away from City of Hope’s project, Hoag Memorial Hospital Presbyterian has expansion in mind at its Irvine campus.
Newport Beach-based Hoag, which opened its 154-bed Hoag Hospital Irvine campus in 2010, is looking to potentially add more than a dozen new facilities on the campus, located at the intersection of Sand Canyon Avenue and Alton Parkway, just off the San Diego (405) Freeway.
Additions under consideration include a Women’s Hospital as well as a Digestive Health Hospital, among other medical buildings, support facilities and parking structures, city filings show.