by Las Cruces Bulletin 02/12/2016
The wait is almost over for Las Cruces who drive by and wonder when construction will begin at Park Ridge, the mixed use development planned for the former Las Cruces County Club property on North Main Street.
Clem Borkowski of ASI Capital said groundbreaking is expected during the first quarter of 2016 for the 78,000-squarefoot medical center anchoring the development that will also include residential, retail and office buildings.
Completion of the medical facility, valued at almost $100 million, is expected later in 2017, Borkowski said.
Local developer Bob Pofahl, a partner in the Park Ridge project, said passersby may soon see heavy equipment at the site as preliminary grading work begins. The city has issued a grading permit for the medical campus, he said.
Construction of the Las Cruces Regional Medical Center will start with the 32bed inpatient care wing, surgical suite with three operating rooms, cardiac cath lab, radiology suite, emergency room, pharmacy and laboratory. Adjacent, to the south of the hospital, will be a medical office building with seven or more physician office suites and an outpatient surgical center.
ASI Capital has been assisting to structure the transaction with investors, management groups and consultants, Borkowski said.
He said ASI has arranged for Carr Baier Crandall (CBC) Real Estate Group of Kansas City to develop the Las Cruces Regional Medical Center Hospital and the adjacent medical office building. Plans are being made for a rehab facility and assisted living residences.
“We’re going to be very busy down there for a long term,” Borkowski said.
CBC is a large firm specializing in buildto- suit for hospitals, as well as commercial and federal government projects. The firm will lease the facility to Las Cruces Medical Center, the investor group that owns the hospital.
“The investor community is not backed by a large, private equity firm,” Borkowski said. “There is not big corporate entity pulling the strings.”
Why Las Cruces?
Borkowski said his firm chose to do a project in Las Cruces because of its location, size and economic factors.
He said building a hospital in a tertiary or regional market is rewarding because such a project can make a significant impact in its area, more so than a similar project in a major metropolitan market.
“The location couldn’t be any better,” he said. “We want to see health care provided in a location with easy access to highways. Las Cruces as a whole is striving to be a vibrant community. In speaking with local physicians, we learned there’s a struggle for access. The market can really support this project as the community continues to grow.”
The goal, he said, is to construct a fivestar, physician-oriented hospital.
We look to the entire state of New Mexico and there is not a hospital that performs above the national average,” Borkowski said. “New Mexico should have a five-star facility. It’s too beautiful a state not to have high-quality health care.
He said five-star service should not be limited to the wealthy, but should be available to patients with private insurance, Medicare and Medicaid.
Spangenberg Phillips Tice (SPT) Architecture of Wichita, Kansas, is nearing completion of plans for the medical center at Park Ridge, Pofahl said. Hutton Construction LLC, also from Wichita, will build the hospital and medical office building. Zia Engineering of Las Cruces is the civil engineering firm for the project.
Borkowski said labor for the 14-month construction project will be primarily locally sourced.
When the hospital is fully operational, it is expected to create 200 permanent, well-paying jobs, he said.
The management group, Las Cruces Medical Management, partners national experts with local physicians so there will be a voice from inside the community, he said.
“Decisions will be made for Las Cruces, driven by the needs of and input from Las Cruces,” Borkowski said.
Alta LeCompte can be reached at email@example.com or 680-1840.