The Deal Sheet

Dana-Farber Cancer Institute is nearing completion on construction of its largest single building. Its real estate chief,Maria Papola (who will be a panelist at Bisnow's Wednesday breakfast, sign up today) says the 500k SF Yawkey Center for Cancer Care is expected to open by Feb. 1.
This is the Zimmer Gunsul Frasca design (with Miller Dyer Spears) for the new $320M patient care building at 450 Brookline Ave. in the LMA. With the new facility in its portfolio, Dana-Farber will operate 2.1M SF, most of which it owns. Once Yawkey is up and running, Maria told us that will free up 110k SF that Dana-Farber will repurpose. Most likely, it will be used for clinical admin space to ?allow for some recruitment.? Over the next few years, Maria says there will be some expansion for pediatric care. Looking five years out, it may develop some new space for imaging services. Conditions in the financial markets have slowed the rate of expansion, but Dana-Farber is still on the move since most projects are self-financed. But the new healthcare law, Maria told us, has led to uncertainty in long-term planning for patient care space needs. Get more specifics on the short- and long-term at Dana-Farber by coming this Wednesday to Bisnow'sHealth Care Real Estate Summit.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Boston Newsletters
Related Stories

BioMed Sells Cambridge Office At A Loss: The Boston Deal Sheet

Former Randolph Event Venue Planned For 200-Room Hotel, Theater

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

140-Acre Attleboro Golf Course Hits Market, Pitched For Redevelopment

Foundry Robotics Leaves San Francisco For New East Bay HQ

Alexandria Sells Stakes In Megacampuses To Weather Life Sciences Downturn

Nonprofit Developer Buys Mattapan Site For Affordable Housing: The Boston Deal Sheet

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Downtown Office Tower Sells At Foreclosure Auction For $260M