Martha Jefferson Hospital
HR&A Partner Shuprotim Bhaumik guided the comprehensive relocation and redevelopment process for the historic Martha Jefferson Hospital.
When Martha Jefferson Hospital was facing the challenges of aging facilities and limited opportunities for expansion, they engaged an Shuprotim Bhaumik as an advisor to assist them in redeveloping its historic facility in downtown Charlottesville, Virginia. The hospital planned to relocate to newly constructed facilities and wanted to plan for the disposition of the hospital’s historic main building and eight acres of surrounding land. The Hospital engaged Shuprotim to evaluate economic conditions; develop a market-feasible program for the redevelopment of the parcel by a single developer; and lead the developer selection and negotiation process. The hospital later engaged him to create a phased disposition strategy in order to get the strongest private market response.
Under Shuprotim’s leadership, the Hospital created a phased disposition strategy and received several proposals from the development community and ultimately selected a Charlottesville-based developer Octagon Partners to redevelop the historic main building and hospital campus.
Image Courtesy: Kahler Slater