BETHLEHEM, PA-St. Luke’s Hospital and Health Network has signed a development agreement with Charlotte, NC-based Cogdell Spencer Inc. for the opening phase of the Riverside Outpatient Campus. This phase will occupy approximately 55 acres on the 182-acre parcel St. Luke’s acquired for the campus, which is bordered by the Lehigh River, Freemansburg Avenue and Route 33 at the intersection of Interstate 78.

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.

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