BUILDING BINGE: Growth-minded Atrium Health is stoking the construction market with $2.2 billion in Charlotte area and Triad expansions.

• Date: 01 September 2023
• Author: Ellis, Kevin

Atrium Health is in the midst of a capital investment explosion that is unprecedented in the history of North Carolina's hospital industry.

The Charlotte-based health care system has committed $2.2 billion to projects in the Charlotte and Winston-Salem areas over the past few years. The not-for-profit authority is working on four major projects simultaneously.

* $900 million for a 12-story, 448-bed hospital tower at its Carolinas Medical Center campus in Charlotte's Dilworth neighborhood. By 2027, the 1.1 million-square-foot building is expected to add a net 191 beds. The existing center now has 868 beds licensed by the state.

* $425 million for the new medical school building, less than a mile from the new hospital tower. Atrium and Wake Forest School of Medicine are building the roughly 300,000 square foot Howard R. Levine Center for Education and a 331,000 square-foot research building tower that will be the centerpiece of the 20-acre, $1.5 billion "Pearl" innovation district. Other announced tenants include Wake Forest University School of Business, Wake Forest School for Professional Studies...