In response to worsening space constraints at Children's Healthcare of Atlanta, the pediatric hospital plans to build a new $1 billion-plus facility in northeast Atlanta, according to the Atlanta Business Chronicle.
Children's said its total investment in the new pediatric hospital will likely be between $1 billion and $1.3 billion, which would make it the most expensive healthcare project in Georgia's history, according to the report.
"As the only freestanding pediatric healthcare system in Georgia, we need to ensure that we are able to serve the children in our state," Donna Hyland, president and CEO of Children's, said in a statement, according to the report. "To meet growing demand, we must find more ways to provide access to those who need Children's unique specialized care by improving and expanding our facilities."
In addition to the new hospital, Children's new property will include the Center for Advanced Pediatrics, a 260,000-square-foot specialized outpatient facility adjacent to the hospital.
Children's has engaged architects and land planners, and expects to work through various regulatory processes and site plans over the next 18 months, according to the report.
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