$22M Rehab Facility Breaks Ground in New Orleans BioDistrict

By Eliza Theiss, Associate Editor Cobalt Medical Development, a Dallas-based private healthcare real estate development and investment company, broke ground on a $22 million healthcare rehabilitation center in Mid-City, Canal Street Beat reported. As previously reported, the private healthcare developer announced plans for the facility in early fall of 2013, targeting groundbreaking by fall 2014 [...]

Cobalt Medical Development, a Dallas-based private healthcare real estate development and investment company, broke ground on a $22 million healthcare rehabilitation center in Mid-City, Canal Street Beat reported.

As previously reported, the private healthcare developer announced plans for the facility in early fall of 2013, targeting groundbreaking by fall 2014 at the latest. The 65,000-square-foot facility is being developed on Bienville Avenue, on a vacant site adjacent to the Lindy Boggs Medical Center. The state-of-the-art medical center will feature traumatic brain injury, concussion and Parkinson’s care, with 60 inpatient care beds. The facility will offer a variety of rehab services, with both inpatient and outpatient care programs. Named Cobalt Rehabilitation Hospital of New Orleans, the two-story facility will feature hotel-like amenities.

According to Canal Street Beat, the first level will comprise the 16-bed traumatic brain injury rehab unit, an emergency room, a laboratory, an X-ray facility, a speech therapy unit, a full-service kitchen and a dining area, as well as management facilities such as administration offices, a materials management unit and a loading dock. The second story will comprise 44 inpatient beds, associated support facilities and the hospital pharmacy. The rehab center will also feature a covered trellis with ambulation course, while rooms will offer hotel-style amenities such as hotel-type safes and iPads. A number of patient rooms will feature couches.

The rehab center is expected to create 165 permanent jobs over the course of three years, consisting of medical and medical support staff, as well as facility maintenance and food service jobs. Development is projected to create 165 construction jobs.  Cobalt Rehabilitation Hospital of New Orleans is targeting a summer 2015 opening. The facility will be located right on the edge of the New Orleans BioDistrict, a 1,500-acre state-enabled biosciences economic development district.

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Image courtesy of Cobalt Medical Development