LOS ANGELES—McCarthy Building Cos. has completed the $480 million Richard Lundquist Tower at Torrance Memorial four months early and $10 million under budget. The 390,000-square-foot tower has 256 private rooms and 18 surgical and interventional rooms as well as the South Bay's first hybrid operating room.

“Technological advancements in construction and innovative delivery solutions are enabling our design and construction teams to complete even the most challenging projects more efficiently, bringing greater value to project owners,” Patrick Peterson, McCarthy Building Cos. VP of healthcare services, tells GlobeSt.com. “The early and under budget completion of the cutting-edge Torrance Memorial Lundquist Tower project is a prime example of what McCarthy's project teams can accomplish in a collaborative and innovative environment.”

The Lundquist Tower replaces Torrance Memorial's original facility. Originally built in 1971, the former hospital building no longer met the seismic requirements for a hospital facility. The tower now features a buckling restraint braced-frame structure to meet those requirements. HMC Architects designed the building, which serves as a centerpiece of the medical campus with water feature and an open lobby area, family-centric lounges and a metal, precast concrete and plaster exterior.