Lifepoint purchased the neighboring building at 1380 Central Park Blvd for $5MM, which will not only allow the foyer to expand its Kidspoint environment + open up foyer space, but will also provide a permanent location for Lifepoint College classrooms. Some space in the building will remain tenant occupied and provide offsetting lease revenue accordingly.

We have completed the initial floor plan designs for Kidspoint and the College classrooms.

We are in the process of finalizing the floor plan layout. After that, we will obtain construction drawings and AVL design.

The timeline for completion of the Kidspoint expansion project is TBD. Once that is complete, we will pursue modifications to the Fredericksburg foyer.

Our goal for completion of the Lifepoint College space is to be move-in ready for the start of the Fall 2024 college semester.

Our teams are currently working on an interior design layout of the Lifepoint College Student Life Center as well as an AVL integration design.

Once those items are able to be captured in the architectural drawings, we will be able to send the construction project out to bid as well as submit for building permits with the City of Fredericksburg.

Our goal is for the Lifepoint College classroom spaces to be ready prior to the start of the 2024-25 academic year. The timeline for the rest of the project is currently TBD.