With the increasing availability of vacant retail buildings across the country, we will discuss the opportunities and challenges of repurposing these buildings for health care use. This session will explore the strategic rationale, and how these facilities can support expansion of health care services into key markets along with the economic, timing and market factors that should be evaluated when considering a vacant retail location. Since most retail buildings were designed to sell products, they may bring positive attributes such as visibility and access to main thoroughfares and negative attributes such as deficient structural and mechanical systems. We will share our lessons learned and best practices from recent projects with some of the nation’s leading health systems to help you determine if repurposing retail spaces is the right facility strategy for you.
Describe the opportunities and intricacies with identifying and purchasing vacant retail centers.
Discuss the challenges of adapting retail centers into health care facilities.
Demonstrate the impact and importance of retail conversion to pandemic/endemic delivery of health care to communities (e.g., proximity of care, telehealth, decreased waiting areas, etc.).
Assess the current market conditions nationally for similar retail-to-health care conversions.