Buying In: Retail Conversions Pay Off
With plenty of vacant properties available and a growing demand to bring healthcare directly into communities, the conversion of former retail spaces into clinics and other types of facilities just makes sense. “Ambulatory healthcare is the new retail property anchor tenant for existing, older retail centers,” says Eric Dinges, associate vice president at RTKL Associates (Baltimore). “Their locations in the heart of communities, providing ease of access, are becoming attractive for community-based outpatient centers.”
But that doesn’t mean the decision is a no-brainer. Buildings designed to attract window shoppers and showcase the latest jeans are rarely move-in ready for a provider hoping to perform, say, same-day surgeries.
Such conversions come with unique challenges. Click through to read about a few recent projects that have faced (and are meeting) these challenges with aplomb: “Retail Conversions: 4 Success Stories.”
In addition, for more articles that discuss retail conversions and their inherent risks/rewards, you can click through the following links:
- “The Built-in Benefits Of Retail Conversions For Healthcare”
- “Creating A Sustainable Healthcare Space By Recycling A Big-Box Store”
- “An Innovative Approach to Infusion Clinics Sets Up Shop in Brooklyn”
- “Photo Tour: Microbiology Lab In Labrini, Athens” (former drug store)
- “Photo Tour: T.J. Health Pavilion” (former Walmart store)
- “Photo Tour: The Montefiore Hospital” (former furniture depository).