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Construction Financing Secured for Samuel Merritt University Expansion

SMU Campus building at 525 12th Street, rendering by Perkins&WillSMU Campus building at 525 12th Street, rendering by Perkins&Will

Samuel Merritt University has secured a $139 million bond for constructing their proposed ten-story central campus at 525 12th Street in Downtown Oakland, Alameda County. Along with the bond, SMU is investing $120 million. The over quarter billion dollar investment keeps SMU on schedule for groundbreaking later this year, having received approval in November. Strada is the project developer.

520 11th Street plaza, rendering by Einwiller Kuehl

520 11th Street plaza, rendering by Einwiller Kuehl

520 11th Street seen from 11th Street, rendering by Perkins&Will

520 11th Street seen from 11th Street, rendering by Perkins&Will

The funding was issued by the California Municipal Finance Authority, with Barclays and Prager underwriting the bond. SMU’s Executive Vice President and Treasurer, Dave Lawlor, said of the news, “the new campus will bring the most advanced capabilities to health science education, including the quadrupling of our sophisticated simulation space. This is all geared toward educating the best practitioners for the coming decade as we combat a critical shortage of trained healthcare professionals.”

The project site is a vacant 0.86-acre lot in the city center. The new campus building will span an area of 237,629 square feet. The new building will feature 20 classrooms, various specialty laboratories, workspaces, and collaboration rooms. The labs will be able to host classes on anatomy, physical therapy, occupational therapy, and podiatric medicine labs. A 41,000-square-foot Health Sciences Simulation Center will occupy three floors.

520 11th Street pedestrian view from 11th Street, rendering by Perkins&Will

520 11th Street pedestrian view from 11th Street, rendering by Perkins&Will

Onsite amenities include a terrace, campus store, study rooms, a counseling center, and a tenth-floor terrace. The top two levels will consist of a library and maker space. Administration rooms will be connected for various needs for SMU, including the College of Nursing Department of Technology, the president’s office, and a board room on the top level.

Ching-Hua Wang, SMU President, shared the vision for how the new hub will contribute to the city, writing that “a new campus in the heart of downtown Oakland will support our vision of doubling enrollment in the next ten years. SMU must grow enrollment in order to address the growing healthcare workforce needs of California and the U.S.”

520 11th Street aerial view from above 11th Street, rendering by Perkins&Will

520 11th Street aerial view from above 11th Street, rendering by Perkins&Will

Lobby entrance from 11th Street into 520 11th Street, rendering by Perkins&Will

Lobby entrance from 11th Street into 520 11th Street, rendering by Perkins&Will

Perkins&Will is the project architect, with EinwillerKuehl responsible for designing the outdoor plaza and open space. The articulated exterior facade includes curtain-wall glass accented with wood composite panels, cast-in-place concrete, and metal panels.

SMU is a 114-year-old private health sciences university with over two thousand students. The non-profit institution was founded as a nursing school and has since expanded to offer degrees for occupational and physical therapists, physician assistants, and podiatric physicians. SMU is based in Oakland, with additional facilities in Fresno, Sacramento, and San Mateo.

520 11th Street, image via Google Satellite

520 11th Street, image via Google Satellite

525 12th Street is located in the heart of the city, beside the 12th Street Oakland BART Station. The property abuts 1150 Clay Street, a 288-unit residential infill by Strada.

Construction is expected to start by May this year, with students welcomed by 2026. The construction finance was secured in December, one month after city approval, and announced by the university earlier this month.

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2 Comments on "Construction Financing Secured for Samuel Merritt University Expansion"

  1. This is terrific. That parcel is such a waste of space right now.

  2. With a history that goes back over 50 years, the final plot of Oakland City Center is developed. This development has shown how redevelopment hollowed out the core of a downtown and never lived up to its potential. Hopefully SMU will energize the area with students and faculty. Kudos to Strada and SMU keeping an Oakland institution in town.

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