The City of Garland is partnering with Prevarian Companies and Harrison Street to bring new vitality to the community’s medical district.
In May 2013, the City adopted the Forest-Jupiter Transit-Oriented Redevelopment Plan, with recommendations to include a medical district anchored by Baylor Medical Center – Garland. Following Baylor’s 2018 closure, the former hospital campus was recommended as a proposed Veterans Administration Hospital and Clinic in July 2019. In April 2020, the VA Medical Center Garland opened.
The medical center is benefiting from a significant investment by the VA to renovate the buildings and deliver comprehensive services to veterans living in North Texas. As a result, the City seeks to continue the redevelopment of the medical center campus to support the VA’s efforts and fulfill the City’s plans for a full-service medical district.
Located at the northeast corner of North Shiloh Road and Walnut Street, Valoris HealthPark Garland will serve as a renewed, centralized destination for comprehensive health care services for veterans and the residents of Garland. The redevelopment includes the acquisition of five medical office buildings surrounding the VA medical center.
Dallas-based Prevarian Companies, in partnership with Harrison Street, purchased three of the medical office buildings totaling more than 150,000 square feet and will invest in the complete renovation and strategic leasing of these buildings. “We appreciate the vision that the City of Garland has demonstrated and look forward to a partnership that will bring to life an exceptional, multi-discipline health care center,” said Allan Brown, Partner with Prevarian Companies.
The two additional medical office buildings have been purchased by the City and will be demolished in preparation for Prevarian and Harrison Street’s future development of new health care facilities. Valoris HealthPark Garland will include inpatient, outpatient and support services coordinated with the VA and as part of a strategic master plan to bring medical services back to Garland. These investments will work to provide needed services that both complement the VA medical center as well as serve the public in the surrounding community.
Utilizing funds from the 2019 Bond Program, the City will also bring significant streetscape improvements to the area as well as new trails along Duck Creek behind the VA medical center. These new trails will connect to a planned Healing Garden also behind the medical center. The trails will then connect to the larger Garland trail system, bringing greater pedestrian access to the area. Current street improvements projects along the southern portion of Shiloh Road will help increase vehicular access to the medical district from I-635. The City is also working closely with DART to increase accessibility to the medical district from the Forest-Jupiter transit station.
“The City of Garland is pleased to announce these efforts to bring quality health care facilities and support services to Valoris HealthPark,” said City Council Member Robert John Smith. “The City is excited to work together with our partners to develop a revitalized medical district surrounding the VA medical center. These developments will bring much needed services to the community while supporting the work done by the VA at their facility.”
“We are very proud of the partnership we have worked to create surrounding this new medical district,” said Garland Mayor Scott LeMay. “We see the redevelopment of this area as important to the needs of the community, as it will provide the desired medical services and amenities that have been needed for several years. The City is grateful for the work of the VA medical center and look forward to supporting their efforts and those of our partners within Valoris HealthPark.”
Garland is the 12th largest city in Texas and reported an estimated population of 242,507 on July 1, 2018. The community was incorporated in 1891 and is today a major manufacturing and industrial hub for the entire DFW metroplex. Garland is the second most populous city in Dallas County and enjoys convenient access to downtown Dallas via public transportation that includes two DART Blue Line stations. Located adjacent to northern and eastern Dallas, Garland is a culturally diverse city with a rich history, and the community celebrates a vast array of shopping, arts, outdoor activities and special events.
About Harrison Street
Harrison Street is one of the leading investment management firms exclusively focused on alternative real assets. Since inception in 2005, the firm has created a series of differentiated investment solutions focused on demographic-driven, needs-based assets. The firm has invested in senior housing, student housing, health care delivery, life sciences and storage real estate, as well as social and utility infrastructure. Headquartered in Chicago with offices in London and Toronto, the firm has more than 195 employees and approximately $36 billion in assets under management. Clients of the firm include a global institutional investor base domiciled in North America, Europe, Middle East, Asia and Latin America. Harrison Street has been awarded Best Places to Work by Pensions & Investments for the last seven consecutive years and was named 2020 Global Alternatives Investor of the Year by PERE. For more information, please visit www.harrisonst.com.
About Prevarian Companies
The Prevarian Companies is a privately held health care real estate and seniors housing development firm based in Dallas, Texas. Since 2004, Prevarian has maintained their narrow focus and expertise in the development of better buildings for the delivery of specialized health care services and eldercare environments which have earned the recognition of several industry awards. For more information, please visit www.prevarian.com.