Insights  / News

Newly Completed Silver Cross Orland Park Medical Pavilion Developed by Remedy Wins Prestigious Award

CHICAGO, February 29, 2024 – Chicago-based healthcare real estate developer Remedy Medical Properties and its partner Kayne Anderson Real Estate today announced the completion of the new Silver Cross Orland Park Medical Pavilion for two leading Illinois-based healthcare providers, Silver Cross Hospital and Premier Suburban Medical Group (PSMG).

In addition, the project has been named winner of the “Best New Medical Office Buildings and Other Outpatient Facilities, 25,000 to 49,999 square feet” category in the prestigious 2023 HREI Insights Awards™, an annual awards program that recognizes excellence in healthcare real estate development and executive leadership.

Located at 17047 LaGrange Rd. in the southwest Chicago suburb of Orland Park, the two-story, 41,000-square-foot facility will be home to 12 primary care physicians and a wide range of specialists, including gastroenterologists, general surgeons, obstetrics/gynecologists, and a cardiologist, endocrinologist, hematologist/oncologist and orthopedic surgeon. Silver Cross and PSMG will start seeing patients on Monday, March 11.

“The completion of this new facility is truly the culmination of our late President and Chief Executive Officer Ruth Colby’s vision for Silver Cross, Premier Suburban Medical Group and the greater Orland Park community,” said Michael Mutterer, interim president and chief executive officer of Silver Cross Hospital in New Lenox. “This new location combines providers that our community knows and trusts, a full array of diagnostic and therapeutic services, in partnership with nationally recognized Silver Cross Hospital. We’re proud to join the Orland Park community and provide this level of service and care so close to where our patients live and work.”

“We are pleased to deliver this new medical facility for two highly experienced and well-respected healthcare providers that have been serving the Chicagoland area for many years,” says Joe Magliochetti, chief investment officer of Remedy. “Orland Park and Chicago’s southwest suburbs will soon benefit from top-notch medical services in a state-of-the-art outpatient destination.”

Silver Cross Hospital and Premier Suburban Medical Group (PSMG) formed a strategic joint venture to expand their networks in southwest Chicagoland. Following a brief relationship with a different developer, Silver Cross partnered with Remedy and Kayne Anderson, which immediately got to work to put the project back on schedule and reduce costs. Remedy’s in-house land manager and legal team played a crucial role in making up for lost time, taking care of entitlements, shared storm drainage design, shared access and cross easements at the site, which is adjacent to a new residential community overlooking a nature preserve.

“Once construction began, Remedy also implemented a cost containment initiative that was able to reduce expenses by more than $1 million without compromising building functionality, staff and patient well-being, or schedule,” said David Martin, executive vice president of development with Remedy. “Thanks to Remedy’s agile, financially savvy and creative development team, Silver Cross and PSMG’s first expansion project was delivered on time and under budget.”

The HREI Insights Award was presented to Remedy on February 28 during the Revista Medical Real Estate Investment Forum in Pasadena, CA. The award winners were selected by the HREI Editorial Advisory Board, which is comprised of a panel of experienced HRE executives.

“We are very pleased to be honored with the nationally recognized HREI Insights award for the new Silver Springs Orland Park Medical Pavilion,” said Remedy Founder Peter Westmeyer. “I congratulate our entire development team and our development partners for their outstanding, award-winning work.”

A super-efficient layout was required for the medical pavilion’s highly dense program of services, which includes an impressive 21-infusion bay cancer center; 38 exam rooms; comprehensive imaging, lab and pharmacy; an endoscopy suite with two procedure rooms; and after-hours care. Based on patient preferences, the registration area was reduced by nearly two-thirds, and a walk-up desk with touchpad kiosks was used for faster self check-in, creating an experience similar to an Apple Store or an airport. 

In addition to the program of services, the development team made other improvements to benefit the tenant base. Studies show that natural light is crucial to health and human performance. The building, designed by architects Jensen & Halstead and built by general contractor Leopardo Companies, employs an unusually generous amount of glass, allowing natural light to fill waiting areas and corridors for a better patient experience. Most of the cancer center infusion bays sit along the window line for the best possible patient experience during long, often tiring treatments.

“Staff work areas, which are typically interior spaces, are also situated along the window line,” said Sara Leahy, principal at Jensen & Halstead. “Having access to natural daylight on a consistent basis throughout the shift can help improve staff members’ overall quality of life by supporting circadian rhythm and boosting vitamin D.”  Movement by both staff and patients is encouraged by an open staircase indoors and a thoughtful approach to the outdoors, including robust exterior gathering areas and an attractive retention pond with a walking path that connects to the nearby neighborhood and a nature preserve. Benches and activity spaces are provided throughout for patient, staff and public use.

About Kayne Anderson Real Estate
Kayne Anderson Real Estate is a leading real estate investment firm, managing approximately $15 billion in assets under management across opportunistic equity, core equity, and real estate debt, with sector expertise in medical office, seniors housing, off-campus student housing, multifamily housing, and self-storage. Kayne Anderson Real Estate is part of Kayne Anderson, a $35 billion alternative investment management firm with more than 40 years of successful experience in the real estate, renewable and energy infrastructure, energy, credit, and growth capital sectors.

About Silver Cross Hospital 
Silver Cross Hospital is an independent, not-for-profit healthcare provider serving Will County and southwest suburban communities since 1895. Silver Cross has been recognized as a 100 Top Hospitals National Award winner 11 times, honored with an “A” Hospital Safety Grade by The Leapfrog Group 18 times, and is rated 5 Stars by the Centers for Medicare and Medicaid Services. With over 4,500 employees, physicians and volunteers, Silver Cross operates a 348-bed acute care hospital and 12 satellite facilities providing outpatient services and physician offices. Silver Cross opened a state-of-the-art replacement hospital in 2012 at I-355 and Route 6 in New Lenox. In 2022, Silver Cross provided over $54 million in charity care and other community benefits. To learn more about Silver Cross Hospital, visit Physicians on Silver Cross Hospital’s Medical Staff have expertise in their areas of practice to meet the needs of patients seeking their care. These physicians are independent practitioners on the Medical Staff and are not the agents or employees of Silver Cross Hospital. They treat patients based upon their independent medical judgment and they bill patients separately for their services.

About Premier Suburban Medical Group
Premier Suburban Medical Group providers have been a trusted part of suburban Chicago families for decades, caring for children, young adults, parents and grandparents alike Providers specialize in family and internal medicine, pediatrics, cardiology, endocrinology, orthopedics, oncology, obstetrics & gynecology, surgery, rheumatology and more.

About Remedy Medical Properties

Remedy Medical Properties is a full-service healthcare real estate company and the largest private owner of healthcare properties in the country, with over 30 million square feet and 25 offices spanning 43 states. Remedy offers healthcare providers unmatched flexibility in every client engagement, and our adaptability enables us to provide more options in ownership, development, leasing, management, and strategy. Our willingness to commit capital, share more risk, and offer greater foresight results in greater resilience, profitability, and peace of mind for our clients.