Medvest Selected For Medical Development In Auburn
The joint venture between Capital Growth Medvest and Harbert Realty Services has been selected for its second development in Auburn Research Park. The new medical facility, referred to as Building 6, will be owned and operated by East Alabama Medical Center. The 88,000-square-foot facility will offer the community a freestanding emergency department, ambulatory surgery center — and the potential for future expansion.
East Alabama Medical Center’s 340-bed regional hospital in Opelika and Valley serves a six-county area with approximately 3,300 employees. As Lee County’s second-largest employer, behind Auburn University, the organization is a perfect choice for the latest development in Auburn’s innovative business and research park.
“The Auburn metropolitan area, which includes Lee County and Opelika, is the fastest-growing area in Alabama, outside of Huntsville. It is growing four times faster than any other area in the state. So the growth rate over the next 10 years is to be signifigant — projected to be a population of about 180,000 by the year 2025. The growth in the Auburn Research Park that you see today is part of a larger strategy to meet the needs and contribute to the economy of our vibrant and ever-expanding community,” said Larry Fillmer, executive director of Auburn Research and Technology Foundation.
Goodwyn, Mills & Cawood is the project architect. Rabren General Contractors has been selected to manage the construction and the sitework contractor is Harmon Engineering. The facility is expected to break ground in August and be completed late next year.
About East Alabama Medical Center
East Alabama Medical Center is a 340-bed regional referral hospital located in Opelika that serves a six-county area. The EAMC organization includes EAMC-Lanier hospital in Valley; between the two hospitals and their collective service lines, there are about 3,300 employees in the organization. EAMC is Lee County’s second largest employer. Among the services that EAMC provides are open-heart surgery and cancer treatment, both of which are highly acclaimed specialties at EAMC. EAMC also operates non-mainstream services, including RehabWorks, HealthPlus Fitness Center, the Diabetes & Nutrition Center, the Wound Treatment Center and the Auburn University Medical Clinic. EAMC-Lanier has a nursing home, acute rehab unit, detox unit and offers occupational medicine.
Capital Growth Medvest, based in Birmingham, Ala., helps medical facilities operate efficiently through real estate development and funding support. Its founders have completed well over $1 billion in healthcare developments and acquisitions, allowing them to find solutions to even the most complex needs. Medvest delivers the knowledge, relationships and resources to help reach a facility’s goals.
About Harbert Realty Services
Birmingham-based Harbert Realty Services (“HRS”) is one of the largest privately held, full-service commercial real estate firms in the Southeast. HRS was founded with its main focus to bring value to its customers and clients. For over 30 years, HRS has built a business around this focus and strives to achieve this in every transaction.
Comments or Questions:
Joe Baugh: (205) 969-7140