Regional One Health unveils design for new $900M hospital

Rendering of the new Regional One Health hospital’s Union Avenue side
HDR | Regional One Health

By Dima Amro – Reporter, Memphis Business Journal

Aug 5, 2026

Regional One Health revealed the first look of the future hospital campus at the former Commercial Appeal site.

The Regional One Health project team stood outside the partially demolished 495 Union Ave. on Wednesday, Aug. 5, and unveiled what the $900 million campus is set to look like — a sleek, reflective, and modern 600,000-square-foot building.

“Today marks an exciting moment for Regional One Health and for the entire Mid-South,” said Regional One president and CEO Reginald Coopwood. “These renderings represent more than a building — they represent our commitment to creating a healthcare campus that matches the excellence of the care our teams provide every day and ensures that care remains available for future generations.”

Lead project architect, Omaha, Nebraska-based HDR, designed the building. HDR brought in several firms to help with the design of the project.

Memphis-based Self + Tucker Architects and brg3s Architects are part of the team and were joined by Indianapolis-based METICULOUS and Louisville-based Cornerstone, which has a Memphis office.

The new campus is set to house Regional One’s trauma and burn services, Women’s and Infants Center, expanded emergency department and observation unit, rehabilitation hospital, oncology services, and comprehensive imaging capabilities.

The hospital is also set to have two helipads, a family-centered NICU with private patient rooms, a modern laboratory, pharmacy, and support services, and modern infrastructure to support future growth.

The facility will include more than 315 patient beds, up from its current 300-bed hospital at 877 Jefferson Ave. Regional One said an economic impact study showed the new campus is set to support 10,000 jobs and $117 million in additional tax revenue.

Regional One Health expects to break ground on the project in summer 2027 and complete construction by 2030.

“This project is about investing in the future of Memphis and the Mid-South,” Coopwood said. “The new campus will strengthen our ability to deliver exceptional care, educate the next generation of healthcare professionals, and meet the region’s growing healthcare needs for decades to come.”

Rendering of the new Regional One Health hospital’s Beale Street side
HDR | Regional One Health

The development is being funded by $500 million from Shelby County as well as philanthropic and other funding sources. In 2023, Shelby County approved a funding stream for the campus modernization initiative.

The Shelby County Government bought the site in 2025 for $21 million, according to Shelby County Register of Deeds records.

The project is estimated to require 3,600 construction jobs and 2,300 secondary jobs. The new Regional One campus is projected to create $694 million to $892 million in economic growth by 2027, and create $37 million in state tax revenue.

Regional One currently has an operating revenue of $670 million.

The reveal comes about five months after Regional One received its Certificate of Need (CON) approval from the Tennessee Health Facilities Commission to move forward with the nearly $1 billion project.

Covalus Allworld, a joint venture between Dallas, Texas-based health care consultant Covalus and Memphis-based Allworld Project Management, is managing the project and has pulled the overall development team together.

The project is set to be built by Memphis Healthcare Builders, a venture of multiple contractors. Turner Construction, Flintco, Nickson General Contractors, and Fifer & Associates are teaming up to serve as construction managers. All the firms have sizable Memphis offices, and Nickson and Fifer are both based in Memphis.

Seattle-based Magnusson Klemencic Associates is set to serve as structural engineers. Irvine, California-based Salas O’Brien is heading up mechanical, electrical, plumbing, and fire protection services and is partnering with Memphis-based Innovative Engineering Services.

Regional One is currently the only adult Level 1 Trauma Center within 150 miles of Memphis and the only verified burn center within 400 miles. The healthcare system is one of Memphis’ busiest hospitals and among the metro’s largest employers with nearly 2,700 local employees, according to MBJ research.

Article originally published by Memphis Business Journal.