A once-derelict psychiatric hospital in the Dr. Phillips neighborhood is back in business, this time as a modern specialty rehab center at 7450 Sand Lake Commons Blvd. The 1980s-era, 72,000-square-foot property, long mostly vacant, has been converted into a 63-bed Select Specialty Hospital focused on recovery from stroke, brain and spinal cord injuries, amputations, and complex orthopedic cases. The adaptive-reuse conversion, completed after years of vacancy and regulatory hurdles, has drawn attention across the healthcare real estate world.
According to CoStar, Holladay Properties began exploring restoration of the mostly vacant building in 2021 and shifted from speculative medical-office plans when Select Medical signed a long-term lease. Select Medical announced…..