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Mayo Clinic Will Invest $1.9 Billion In Phoenix Expansion | Living In Phoenix Arizona - Natan Jacobs Real Estate Group | Multifamily Real Estate Brokerage

Mayo Clinic Will Invest $1.9 Billion In Phoenix Expansion | Living In Phoenix Arizona

March 3, 2025

MAYO CLINIC WILL INVEST $1.9 BILLION IN PHOENIX EXPANSION

LIVING IN PHOENIX, ARIZONA

 

Mayo Clinic Will Invest $1.9 Billion In Phoenix Expansion

 

By AZBigMedia, azbigmedia.com | March 3, 2025

Today, Mayo Clinic announced a nearly $1.9 billion investment in the continued transformation of its Phoenix campus as part of its Bold. Forward. strategy to Cure, Connect and Transform healthcare for the benefit of patients everywhere.

Bold. Forward. Unbound. in Arizona will enable new innovative care concepts, physical spaces and integrated technologies to create seamless care experiences for patients and a better workplace for staff.

Mayo’s largest investment in the state, Bold. Forward. Unbound. in Arizona underscores Mayo Clinic’s leadership in creating a next-generation healthcare model that scales solutions for more patients when and where they need them. By harnessing the power of innovative technology and integrating physical and digital care, Mayo Clinic aims to deliver more cures, improve patient outcomes and elevate the patient experience.

“Bold. Forward. Unbound. in Arizona is the final major building block of Bold. Forward. Unbound., our complete reimagining of our physical infrastructure to enable all of Bold. Forward.,” says Gianrico Farrugia, M.D., president and CEO of Mayo Clinic. “Through this work, we are physically and digitally transforming healthcare and blurring the lines between inpatient and outpatient care to support Category-of-One healthcare for our patients, a Category-of-One workplace for our staff and to serve as a blueprint for the world.”

This 1.2-million-square-foot expansion includes the construction of a new procedural building, a five-floor vertical and horizontal expansion of the Mayo Clinic Specialty Building and the integration of leading-edge technology, the addition of 11 new operating rooms and two new patient units supporting 48 additional beds, and an enhanced arrival experience for patients and visitors.

“Next-generation medical care is a reality in Phoenix,” said Phoenix Mayor Kate Gallego. “Today’s investment by Mayo Clinic delivers a future of health solutions which will further position Phoenix as a strong leader in biosciences, medical research, and healthcare innovation.  It means more cures, advance treatments, and a superior quality of care experience for patients locally, nationally, and globally.”

The plan calls for a two-story, indoor promenade that wraps around the front of the campus, creating cohesion and convenience for patients and visitors as they move from building to building. Another prominent feature in the new design will be the development of care neighborhoods that cluster complementary clinical services for a more intuitive and connected patient experience.

“This incredible investment will forever change the patient and staff experience in Arizona as Mayo Clinic grows and reinvents its nationally recognized clinical care, research and education,” says Richard J. Gray, M.D., CEO of Mayo Clinic in Arizona. “Bold. Forward. Unbound. in Arizona will increase clinical space on the Phoenix campus by nearly 60 percent, allowing us to care for more patients than ever before. We look forward to setting new standards for patient care and medical innovation.”

Bold. Forward. Unbound. in Arizona is part of Mayo Clinic’s Bold. Forward. Unbound. physical plan to achieve seamless integration of physical spaces and digital capabilities to meet patients’ unmet and evolving needs across all sites. Projects are underway in Rochester, Minnesota, and Jacksonville, Florida, and Mayo Clinic Health System recently completed projects in Mankato, Minnesota, and La Crosse, Wisconsin. Design for the Arizona expansion begins this year with completion slated for 2031. This endeavor will involve numerous architectural and general contractor firms. An initial design and construction team of McCarthy, Gensler and Arup Group has been formed, and more collaborators will be named in the coming months.

“The dramatic growth in our metropolitan area, state and region has led to an escalating need for care of patients with complex medical conditions that is difficult to accommodate with our current technology and infrastructure,” according to Dr. Gray. “We continue to believe that Arizona is a great place to advance new cures, new collaborations and Mayo’s distinctive model of care.”  – more at azbigmedia.com

 



Thinking about investing in Phoenix real estate? Have a property to sell in Arizona? Tell us what you’re searching for. Connect with us to buy, sell, or lease multifamily, residential and commercial real estate in Phoenix, and across Arizona. Let’s work together.

Natan Jacobs, Vestis Group

Call: 602-281-6202

Email: Info@Vestis-Group.com

 

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https://natanjacobs.com/wp-content/uploads/2025/03/Mayo-Clinic-Will-Invest-1.9-billion-In-Phoenix-Expansion-Living-In-Phoenix-Arizona.png 418 950 Brian Bemo https://natanjacobs.com/wp-content/uploads/2026/05/Natan-Jacobs-Real-Estate-logo-ABI-logo-WHITE.png Brian Bemo2025-03-03 20:51:062025-03-03 20:51:06Mayo Clinic Will Invest $1.9 Billion In Phoenix Expansion | Living In Phoenix Arizona
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