Listen To This Post
Atlanta-based H. J. Russell & Company and development and construction firm Skanska will join forces to construct the Center for Advanced Surgical Services (CASS), adjacent to Grady Memorial Hospital’s main campus in the former Fulton County Health Department building on Jesse Hill Jr. Drive.
The free-standing, 10-story, 576,960-square-foot structure will cost $151 million.
The CASS will include 264,000 square feet of occupied space for several outpatient clinics, and it will be the site of all of its outpatient surgeries.
The Center is expected to dramatically expand the Level 1 trauma center’s ability to serve patients at the main campus, offering 25 percent more operating room capacity and 45 percent more clinical capacity.
Among the technological and environmental components to be built into the Center is a system to allow the harvesting and storing of rainwater from the entire block for reuse.
Construction is expected to be completed by the end of the first quarter of 2022.
Russell Co. executives have previously worked on various additions, renovations, and taskforces for Grady.
In 2007, Michael B. Russell, Sr., H. J. Russell & Company‘s CEO, and former Georgia-Pacific CEO Pete Correll co-headed a task force to spearhead Grady’s financial turnaround.
They recruited The Home Depot co-founder Bernie Marcus who contributed the funds to upgrade the emergency and trauma centers and create the hospital’s first stroke center.
Skanska recently completed the $20 million multi-phased renovations and site redevelopment of Grady’s Women’s and Infant’s Center.
Partial funding was received from a New Markets Tax Credit allocation received through Atlanta Emerging Markets Inc., a certified Community Development Entity created by Invest Atlanta in 2006, that specializes in providing gap financing for large-scale, high-impact projects in Atlanta’s distressed neighborhoods.
AEMI officially closed on $8 million in New Markets Tax Credit allocation.
The Urban Research Park CDE and (then) SunTrust allocated $12 million and $2 million in NMTC respectively.
Grady covered the remaining project cost.
Construction costs for CASS are expected to be funded by a partnership between DeKalb and Fulton counties in addition to private money.