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LANE4 Property Group secures major healthcare tenants to anchor second phase of Kansas mixed-use development

Kansas City, Kan.-based developer LANE4 Property Group recently secured two major healthcare tenants to anchor the second phase of 39Rainbow, a mixed-use development located near The University of Kansas Hospital and the University of Kansas Medical Center in Kansas City, Kan.

Kansas City, Kan.-based developer LANE4 Property Group recently secured two major healthcare tenants to anchor the second phase of 39Rainbow, a mixed-use development located near The University of Kansas Hospital and the University of Kansas Medical Center in Kansas City, Kan.

The first phase of the project is currently under construction and will open late this month. Phase I includes a new 83-room Holiday Inn Express and Suites, Five Guys Burgers & Fries and additional retail shops.

For the second phase, the University of Kansas Hospital will operate an inpatient acute rehabilitation center in 27,800 square feet on the second floor. This will replace the current rehabilitation unit currently operated in one of the older buildings on campus.

“This will give the hospital a new location to provide inpatient rehabilitation in a bright new facility which will enhance the excellent care provided by our physicians, nurses and therapists,” said Bob Page, president and chief executive officer of The University of Kansas Hospital.

“Plus, the project supports an exciting new development project in our community. This project will maintain the economic development momentum in our neighborhood,” added Page.

Two more floors in the second phase are being leased by Kansas City Transitional Care Center, LLC, a subsidiary of Skilled Healthcare Group, Inc., which will operate a post-acute skilled-nursing rehabilitation facility in 55,600 square feet on the third and fourth floors. Skilled Healthcare Group, Inc., based in Foothill Ranch, Calif., is a holding company whose subsidiaries operate long-term care facilities.

“There is a void in short-term rehabilitation skilled-nursing services in the area. Currently, patients have to travel outside the area to receive these services. We believe the proximity to the hospital and medical center will help patients in need of ongoing care,” said Jose Lynch, president of Skilled Healthcare Group, Inc.

A common lobby serving both tenants will be located on the building’s first floor adjacent to 17,000 square feet of additional dining and retail shops. The project will also feature a rooftop terrace for outdoor rehabilitation. Site demolition has begun on the 100,000-square-foot four-story second phase, and the building is scheduled to be completed in the fall of 2013.