Looks good - this is cool.
With these renderings, are we looking to the Southeast or the Southwest?
Nice mix of colors and materials. Can't accuse them of building a boring box.
This project is extremely exciting and monumental for several reasons. After years of trending out west, this is a major step to be locating in the city. When talk of a new hospital first started I was so afraid that it would be in St. Peters or O'Fallon. Additionally this is great because the Barnes/Wash U. Hospital Complex is one of the most impressive int he country and for the Shrine Hospital to take its place there is going to be fantastic.
I am, however, still bitter about moving fromt he old Moolah Temple...too bad that one can't be taken back!
I am, however, still bitter about moving fromt he old Moolah Temple...too bad that one can't be taken back!
I like.
Very nice.
I like this best...
Very nice.
I like this best...
-Groundbreaking July 3rd
-Moving to St. Louis City from suburban Frontenac
- 2,940
Besides being a great looking modern building, right along the highway for all to see, it will be a great selling point for all the CORTeX Initiatives. The CWE is even further a cluster of medical practices and the accompanying research. With luck, more VC firms will take note of what the City and the Metro Area can mean for medtech and biotech.
Now if we can just convince the shops at Plaza Frontenac to move into the city too...
- 1,054
Okay here is a question:
Who thinks that this new hospital could be considered TOD since it is urban scaled and accessed and located within walking proximity of the CWE Metrolink station?
Is all of BJC, Children's, and WashU Medical TOD? It must sound strange since most TODs incorporate a mix of residential with office and retail, but can't the concentration of employers whose buildings are walking accessible and designed comfortable for walkers in an urban manner also constitute TOD?
Who thinks that this new hospital could be considered TOD since it is urban scaled and accessed and located within walking proximity of the CWE Metrolink station?
Is all of BJC, Children's, and WashU Medical TOD? It must sound strange since most TODs incorporate a mix of residential with office and retail, but can't the concentration of employers whose buildings are walking accessible and designed comfortable for walkers in an urban manner also constitute TOD?
I wonder what the recent stock market situation has done to this project, if anything. An $8 billion endowment is likely off at least 25% from where it was 60-90 days ago, which is $2 billion in lost market value.
- 8,924
^MORE
The economy and slumping stock market has eaten away at the international health system’s endowment, which has shrunk from $8 billion to $5 billion, said Ralph Semb, chairman of the board of trustees for the Tampa, Fla.-based Shriners Hospitals for Children. It operates 22 hospitals nationwide, in Canada and Mexico.
Since the Shriners hospitals operate off the interest of the endowment and their combined 2009 budget is $850 million, the system is now $400 million short, Semb said. The system uses $2 million a day out of the endowment fund to operate, “which isn’t good,” he said.
“It’s the economy that’s holding us back,” he said. “We have to look at things we are spending money on that we don’t necessarily have to. We can only afford to do so much.”
As a result, Shriners has also suspended operations at its Galveston, Texas, hospital, which has been closed since September when Hurricane Ike hit, and abandoned construction plans in Los Angeles as well, Semb said.
http://stlouis.bizjournals.com/stlouis/ ... ily29.html
The economy and slumping stock market has eaten away at the international health system’s endowment, which has shrunk from $8 billion to $5 billion, said Ralph Semb, chairman of the board of trustees for the Tampa, Fla.-based Shriners Hospitals for Children. It operates 22 hospitals nationwide, in Canada and Mexico.
Since the Shriners hospitals operate off the interest of the endowment and their combined 2009 budget is $850 million, the system is now $400 million short, Semb said. The system uses $2 million a day out of the endowment fund to operate, “which isn’t good,” he said.
“It’s the economy that’s holding us back,” he said. “We have to look at things we are spending money on that we don’t necessarily have to. We can only afford to do so much.”
As a result, Shriners has also suspended operations at its Galveston, Texas, hospital, which has been closed since September when Hurricane Ike hit, and abandoned construction plans in Los Angeles as well, Semb said.
http://stlouis.bizjournals.com/stlouis/ ... ily29.html
Bummer. I guess it's not really a surprise. Let's just hope they don't drop the whole idea.
- 5,433
Framer wrote:Bummer. I guess it's not really a surprise. Let's just hope they don't drop the whole idea.
Like you I'm not at all surprised, but I really hope it's just a delay and not a sign that the project will eventually be cancelled altogether.
The article noted a board meeting in March. Hopefully, the markets will have some confidence to give them confidence. I think this project will still go forward considering the doctors and their connections involved. Unfortunately, it might be 2010 instead of 2009. Moving the Shriners makes a lot of sense for them and the current hospital site is prime real estate. This is very different situation then Galveston in my mind. The bright side, 2010 could be a very strong year for this area. You could have a Drury Inn going up, Shriners being built, and MoDOT rebuilding bridges and adding a ramp. Hopefully, a development block grant or two for Cortex.
I'm down in Houston for work and the people here are pretty upset that the Galveston location is closing. (The city was destroyed in the hurricane and it seems one after another, all the major establishments are deciding not to reopen.) According to the news - this location specialized in burns... was one of 3 such burn units in their system. Maybe they can expand and integrate that function into the new location in STL once it gets back on it's feet.
- 2,940
No fear at all of this project being delayed for too long. First, though, I would expect the following to take place:
1. Broad equity & debt markets return to positive, and the endowment grows.
2. Credit markets return to stability so the project doesn't need to be secured with endowed equity.
3. Return of residential real estate markets so the Frontenac lands can be sold for a solid return.
The economy may sap us from luxurious new retail, new residential, and new office space, but we need children's hospitals.
1. Broad equity & debt markets return to positive, and the endowment grows.
2. Credit markets return to stability so the project doesn't need to be secured with endowed equity.
3. Return of residential real estate markets so the Frontenac lands can be sold for a solid return.
The economy may sap us from luxurious new retail, new residential, and new office space, but we need children's hospitals.
Fortunately for St. Louis we were not on the possible closure list that Shriner's board put out.
http://www.cnn.com/2009/HEALTH/06/08/sh ... index.html
The system's board says it may ask the fraternity's membership in July for authority to close six hospitals -- including the one in Greenville -- largely because the endowment fund that supports the hospitals dropped from $8.5 billion to $5.2 billion over the last year as the stock market plummeted.
The others that could close are in Erie, Pennsylvania; Shreveport, Louisiana; Spokane, Washington; Springfield, Massachusetts; and Galveston, Texas. The Galveston hospital's operations have been suspended since Hurricane Ike flooded it last year.
http://www.cnn.com/2009/HEALTH/06/08/sh ... index.html
The system's board says it may ask the fraternity's membership in July for authority to close six hospitals -- including the one in Greenville -- largely because the endowment fund that supports the hospitals dropped from $8.5 billion to $5.2 billion over the last year as the stock market plummeted.
The others that could close are in Erie, Pennsylvania; Shreveport, Louisiana; Spokane, Washington; Springfield, Massachusetts; and Galveston, Texas. The Galveston hospital's operations have been suspended since Hurricane Ike flooded it last year.
Shriners Hospital for Children moving to Central West End
By Jim Doyle
ST. LOUIS POST-DISPATCH
04/13/2010
The Shriners Hospital for Children is going ahead with plans to move from Frontenac to the Washington University Medical Center in the Central West End, hospital officials said Tuesday.
http://www.stltoday.com/stltoday/news/s ... enDocument
By Jim Doyle
ST. LOUIS POST-DISPATCH
04/13/2010
The Shriners Hospital for Children is going ahead with plans to move from Frontenac to the Washington University Medical Center in the Central West End, hospital officials said Tuesday.
http://www.stltoday.com/stltoday/news/s ... enDocument
- 11K
Good news! The site is south of Clayton Road, north of I-64, east of Taylor and west of newstead.
![]()
![]()
![]()
- 2,005
Very good news indeed. This will certainly help the Grove as well.
I can't remember off hand, but I thought there were proposals out there to build a MetroLink station at Boyle or Spring. I may be crazy.
I can't remember off hand, but I thought there were proposals out there to build a MetroLink station at Boyle or Spring. I may be crazy.
This is great news for the city and the CWE, but I think more than anything this will be great for The Grove. The planned location at Newstead and Clayton is only 6 blocks from Manchester, and should help support retail and foster foot traffic.
Also, I wonder if proximity to Metrolink played any roll in the decision to relocate. As with most hospitals, I'm sure a good % of their employees use pubilc transit, and between the bus transfer and Metro station, this location should be much easier on them. Obviously the proximity to BJC, Wash. U. Med., and Childrens would be the biggest draws.
Also, I wonder if proximity to Metrolink played any roll in the decision to relocate. As with most hospitals, I'm sure a good % of their employees use pubilc transit, and between the bus transfer and Metro station, this location should be much easier on them. Obviously the proximity to BJC, Wash. U. Med., and Childrens would be the biggest draws.
- 11K
[blog] New Shriners Hospital in St. Louis City Closer to Reality-Project Team Shares Images, Thoughts on Project: http://tinyurl.com/y3ylnq4