Construction cost for phase one is $100 million. It consists of four buildings with an aggregate of 383,000 sf and includes a 120,000-sf outpatient healthcare pavilion, a 90,000-sf cancer center and two medical office buildings aggregating 173,000 sf. The architect is Gaithersburg, MD-based Wilmot/Sanz Inc.

The outpatient pavilion will include imaging and diagnostic departments, primarily equipped by GE Healthcare to become a showcase site for that company's state-of-the-art hospital equipment. The two medical office buildings are valued at between $35 million and $40 million, and will be owned in a single investment entity by Cogdell Spencer and physician investors. St. Luke's will own the other buildings and will be the primary tenant of the combined project.

The state has committed $4 million to the project. "That is primarily for infrastructure development," says Devereaux Gregg, Cogdell Spencer's VP of development. "Ground will break for all four buildings simultaneously within a week to 10 days," he tells GlobeSt.com. Completion is scheduled for the third quarter of 2009.