Client Success: Children’s Hospital Expansion

Win-win-win deal of the decade! We are currently implementing an opportunity for Children’s Hospital to build a 1,500,000 square foot expansion on level ground between the Hospital and Sandpoint Way. This was accomplished by having the outlandish idea that owners in a 136-unit condominium could be brought together to sell, that legislation could be drafted and adopted in December (in a short legislative session, no less) allowing condo termination, and then negotiating a deal. The condominium owners, mostly very modest income individuals, will get 2.7 times the value of their unit. The Hospital will save hundreds of millions of dollars and not have to build on top of itself while trying to maintain an active hospital operation. The community will benefit from a vastly reduced profile and tremendously reduced traffic impacts in the residential community. Most people see this as a win-win-win solution.