(Mark Your Calendars: RealShare REAL ESTATE 2012, March 22nd in Los Angeles).
TORRANCE, CA-A topping-out ceremony was held recently as the last steel beam was placed on Torrance Memorial Medical Center’s under-construction patient tower at 3330 Lomita Blvd. here, indicating a major milestone for the $450 million, 398,350-square-foot project. Construction began in February 2010 and is expected to be completed by November 2014, with an opening slated for Spring 2015.
McCarthy Building Companies Inc., general contractor for the project, sponsored the ceremony, located on the site of the existing medical center. More than 75 hospital guests were invited to sign the ceremonial steel beam, which was adorned with an American flag and evergreen tree, then lifted 270 feet high to the top of the structure.
McCarthy tells GlobeSt.com that the $450-million project cost is the total development cost of the project not just the construction value, which was estimated at $300 million at the outset. That $300-million price did not include the cost of architecture and other expenses. The next milestone for the project, according to McCarthy, will be "dry-in," which is when the steel is covered with drywall, which the firm tells GlobeSt.com is scheduled for the "roughly the end of 2012."
During the steel erection phase, iron workers from Herrick Steel placed 5,820 pieces of structural steel within three months in order to build the frame for the new tower. Designed by HMC Architects, the tower will replace the hospital’s original tower built in 1971 with the latest medical technologies, more beds and space and a modernized design. The seven-level patient tower will house 256 private rooms, 18 surgical and interventional treatment rooms as well as a basement with a central utility plant and a tunnel connecting the existing hospital to the new facility.
The replacement hospital will serve as the new front door of the medical center and the centerpiece of the campus. Other features include an indoor-outdoor cafeteria, gift shop, admittance services and a chapel—all easily accessible on the first floor. Family-friendly lounges, overnight spaces, and outdoor gardens will demonstrate the hospital’s patient-centered design.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
