PMB, one of the nation’s leading real estate owners and developers across the continuum of care, has started construction of a challenging, adaptive reuse project, converting a 50,000-square-foot 1980s-era multiplex movie theatre to a modern medical use. PMB expects to open the building in May 2019 and the project is currently 98% pre-leased.
“We are facing exciting challenges in this conversion. With this approach we will achieve a faster delivery since the construction schedule is half that of a ground up project,” said Mark Toothacre, President, PMB. “We are incorporating a number of high-profile design features including a beautiful and completely reworked building entry that will rival any new build-to-suit medical office in this market.”
With this strategic adaptive reuse, PMB is handling a number of challenges that include:
The adaptive reuse benefits the client by creating proximate, modern medical office space in a very constrained on-campus market further providing growth space for Abrazo’s captive medical group.
The project team includes globally recognized architect, SmithGroup, and Arizona-based general contractor, AK-SAR-Ben Companies. Inc.