Healthcare: Ohio firm gets $1B Nassau redevelopment

Healthcare: Ohio firm gets $1B Nassau redevelopment

Health Care REIT has been selected to redevelop 85 acres in East Meadow and Uniondale for the Nassau Health Care Corporation.

The Toledo,OH-based development company will redevelop 50 acres at the A. Holly Patterson nursing home campus in Uniondale into a senior village and transform 35 acres of NHCC’s hospital complex in East Meadow into a “village for healthy living”.

In winning the $1 billion project, Health Care REIT beat out bids from Jericho-based Beechwood Organization and the Long Island Housing Partnership in Hauppauge; Bremner Duke Healthcare Real Estate of  Philadelphia, PA; Garden City-based Albanese Organization and Garfield Traub Development of Dallas; Rendina Companies of Jupiter, Fla.;  and Breslin Development of Garden City.

The conceptual plan for the senior village includes a new 320-bed nursing home, 150-bed assisted living facility, community health center, 29-station dialysis center, 388 units of senior independent/congregate housing, 100,000 square feet of retail/office space, a community center and athletic field, and about four acres of open space and walking trails. NHCC will continue to own and operate the new nursing home, community health center and dialysis center, but will joint venture with Health Care REIT on the rest of the development, according to a NHCC statement.

In East Meadow, Health Care REIT will develop medical office buildings for private physicians, an ambulatory surgery center, medical research, a wellness center, community and open space, and new housing for hospital residents and medical students.

Health Care REIT owns 632 properties in 39 states and has managed 128 medical facilities, according to the company’s Web site.

By David Winzelberg for Spaced Out on Long Island Business News

David Winzelberg is the real estate reporter for Long Island Business News. Follow him on Twitter: twitter.com/spacedoutli

[libn.com]

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