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A rendering of the $540 million, 325,294-square-foot University of Maryland Shore Regional Medical Center at 10000 Longwoods Road, part of University of Maryland Shore Regional Health (UM SRH), is anticipated to open in 2028. It will have room for 122 private rooms 27 emergency department bays, seven operating rooms and a helipad. It will also feature a 60,000-square-foot medical office and outpatient services building adjacent to the tower. The new facility will replace the UM Shore Medical Center on South Washington Street in Easton. (Photo courtesy of the University of Maryland Medical System)
Hospitality group agrees to purchase Eastern Shore hospital site
Listen to this articleBluepoint Living, a hospitality company with a growing business footprint in Maryland’s Eastern Shore, has agreed to buy an Easton Hospital property, a 14.84-acre site located at 219 S. Washington St.
CBRE, a commercial real estate agency headquartered in Dallas with a Baltimore office, arranged the agreement for the future sale of the Eastern Shore property, according to a release. The firm released the announcement Tuesday, saying the agreement is contingent upon the planned relocation of hospital operations to a new regional medical center under construction at 10000 Longwoods Road.
The transaction is expected to close following the hospital’s anticipated move in 2028.
“This acquisition builds on our longer-term investment in Easton and reflects our continued commitment to preserving the character and culture of this community,” Bluepoint Living founder and owner Paul Prager said according to a release.
The seller in the expected transaction is University of Maryland Shore Regional Health, a member organization of the University of Maryland Medical System, a CBRE release says.
Originally opened in 1915, the hospital campus spans roughly 390,000 square feet in the heart of downtown Easton, presenting what CBRE called “a significant future redevelopment opportunity.”
“This property represents a truly unique opportunity in one of Maryland’s most desirable small-town markets,” CBRE executive John Sheridan said according to a release.
“Given [Bluepoint Living’s] strong track record in downtown Easton, we are confident the team will continue to build on the area’s momentum and deliver something meaningful for the community over time.”
