Corporate Headquarters to Re-Emerge as Medical Facility

Former world headquarters of Union Carbide will see new life for Nuvance Health Systems


The temptation to construct a gleaming new hospital is always great for healthcare organizations looking to expand. Occasionally, however, an opportunity pops up for an organization to reclaim an existing facility and maximize its potential for both the organization and the surrounding community. One such transformation is taking place in Danbury, Conn.

The site of the former world headquarters of Union Carbide will see new life as a medical facility for Nuvance Health Systems, according to Healthcare Construction+Operations. The 220,000-square-foot building, The Summit at Danbury, is being redeveloped by general contractor Rizzo Companies to relocate 500 jobs to this Connecticut city from the greater New York area.

Constructed in the early 1980s, the property was purchased in 2018 for $17 million by developers Summit Development and Crestline Investors. At that time, the property was less than 20 percent occupied and needed redevelopment to bring it into line with modern tenancy needs. Accordingly, executives at Summit realized the property could be reconfigured into a healthcare-centric property that incorporated residential and educational uses and dining facilities.

Rizzo and its affiliates are pumping $20 million worth of improvement into the redevelopment and estimates the updates and Nuvance lease will increase the overall occupancy of the building to nearly 80 percent of the building’s total square footage. Further expansion would increase occupancy to near completion of the building’s space.

Click here to read the article.



January 21, 2021


Topic Area: Project Management


Recent Posts

A Cleaning Alternative: The Benefits of Steam Technology

Cleaning is essential in healthcare facilities, but traditional disinfectants have harmful chemicals. Researchers say that steam technology may be the solution.


Novant Health Gets Approval for New Hospital and Freestanding Emergency Department

The new facilities will elevate access to healthcare in North Carolina’s fastest-growing county.


Preparing Healthcare Facilities for Severe Thunderstorms

Hardening plans and collaboration with local stakeholders can aid in prep for severe weather.


University of South Carolina Opens New Brain Health Center

The center is aimed at expanding access to specialized care for patients with cognitive conditions.


NLCS Strengthens Safety and Compliance with Comprehensive Electrical Program

Case study: A renewed partnership with Siemens helps the senior living provider meet NFPA 70B standards, reduce risk, and enhance reliability across its communities.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

 
 
 
 

Healthcare Facilities Today membership includes free email newsletters from our facility-industry brands.

Facebook   Twitter   LinkedIn   Posts

Copyright © 2023 TradePress. All rights reserved.