Atrium Health is planning a $1.5 billion innovation district: 5 new details
On Nov. 9, Charlotte, North Carolina-based Atrium Health revealed new details about its $1.5 billion Innovation District that will surround its future medical school, Wake Forest University School of Medicine Charlotte. , according to The Charlotte Observer.
Five things to know:
- The medical school is expected to open in 2024. Charlotte is the largest city in the United States without a four-year medical school, according to Atrium.
- The Innovation District will include four research towers, an education building, 1.4 acres of open space in front of the education building, two parking lots with a total of 2,000 spaces, a 350-unit residential tower, a hotel, mixed-use land and 17,800 square feet of retail space on the ground floor.
- The system is asking Charlotte and Mecklenburg County for $75 million. The money could be used to establish an 800-space parking deck, 4,358 feet of new or improved roads, four new intersections and other infrastructure works, according to a presentation from the county at the council meeting. commissioners.
- The Innovation District is expected to create 1,853 jobs in 2025, according to a county analysis.
- As part of the Innovation District, Atrium Health announced it would donate 14 acres in Charlotte’s NoDa neighborhood worth approximately $25 million to Inlivian, the city’s housing authority. . The land is adjacent to 14 acres owned by Inlivian, and the 28 acres will be used for approximately 400 affordable housing units.