MCB Completes New Medical Facility in Drexel Hill
MCB Science + Health has officially completed the Drexeline Medical Office Building in Drexel Hill, Pennsylvania. This newly constructed 60,000-square-foot facility is strategically located on a 3.5-acre site just 10 miles from downtown Philadelphia and offers immediate access to nearby Interstate 476. As part of the revitalization of the Drexeline Town Center, this three-story building not only fills a significant need for medical services but also contributes to the community's ongoing growth.
What's Inside the Drexeline Medical Office Building?
Fully leased from its opening day, the building features the Children’s Hospital of Philadelphia and Delaware County Human Services as primary tenants. The first floor includes a primary care office equipped with 24 exam rooms, ensuring that patients receive the care they need in a timely manner. DCHS is relocating from Upper Darby, PA, where it has operated for over 30 years, signifying a shift towards better accessibility for residents.
The Bigger Picture: A Mixed-Use Community Development
The Drexeline Town Center, with this medical facility as its cornerstone, is a significant $100 million project aimed at revitalizing the outdated Drexeline Shopping Center. Anchored by a 72,000-square-foot ShopRite supermarket, the mixed-use development not only caters to healthcare needs but also enhances the shopping experience for local residents, turning it into a one-stop destination for both health and retail.
Challenges in Medical Office Building Development
Despite the successful completion of this facility, the medical office building (MOB) sector faces notable challenges. Current construction costs have risen 36% per square foot since early 2022, causing many prospective projects to stall. For instance, according to a report by Berkadia, 16.2 million square feet of new medical projects broke ground year-over-year, yet higher costs have tested developers' capacity to deliver new facilities.
Local and Global Implications of Growing Medical Facilities
As communities like Drexel Hill invest in healthcare facilities, they also set a precedent for others. It shows that local governments and private developers can collaborate to meet healthcare demands. In addition, with similar developments like the upcoming Terraza Medical Village in Arizona, the growth in the medical sector signifies positive trends for both local economies and real estate markets. The challenge now is to balance demand with rising construction costs to maintain momentum in the healthcare development sector.
Inspiring Community Transformation
The unveiling of the Drexeline Medical Office Building underlines the benefits of investing in infrastructure that caters directly to the community’s healthcare needs. Such developments not only improve local health outcomes but also provide jobs and stimulate local economies, ultimately fostering a cohesive community spirit. Having modern medical facilities within reach can enhance the quality of life significantly for residents.
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