Construction cost for phase one is $100 million. It consists offour buildings with an aggregate of 383,000 sf and includes a120,000-sf outpatient healthcare pavilion, a 90,000-sf cancercenter and two medical office buildings aggregating 173,000 sf. Thearchitect is Gaithersburg, MD-based Wilmot/Sanz Inc.

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

The state has committed $4 million to the project. "That isprimarily for infrastructure development," says Devereaux Gregg,Cogdell Spencer's VP of development. "Ground will break for allfour buildings simultaneously within a week to 10 days," he tellsGlobeSt.com. Completion is scheduled for the third quarter of2009.