Developing for the healthcare and life sciences market contains challenges unlike those in the office, retail or mixed-use sectors. The 7th & Madison property in Seattle is one such example of a project with its share of complexities that started out as anything but the typical deal.
In April of 2011, the former home of the Sportsman’s Park racetrack was a vacant piece of land littered with remnants of a concrete track and a demolished grandstand. Standing on Laramie Avenue, Anthony Iatarola of Wirtz Realty Corporation, envisioned a 605,000-square-foot office, warehouse and distribution facility and other land uses, forming the future home for Wirtz Beverage Illinois LLC.
What was once a hotel for the wealthy and occasional dignitary guest has transformed into unique office space, housing administration and operations for Cincinnati Children’s Hospital Medical Center, moving 670 employees into the converted space in 2011. The office space is bright, modern and located close to other Cincinnati Children’s facilities that surround its pediatric hospital and research center.