Thrive Medical & Retail project spotlight

Rizwan Ahmed
Jul 15
2 min read

Building Thrive Medical & Retail: A 15,000 SF Medical Office Taking Shape in Saratoga Springs

Medical office projects carry a different set of demands than a standard commercial build: equipment infrastructure, code requirements specific to clinical use, and a tenant that needs to start seeing patients on a fixed timeline. Thrive Medical & Retail, now moving through design and preconstruction in Saratoga Springs, shows what those demands look like before ground ever breaks.

The Project

Thrive Medical & Retail is a 15,000-square-foot ground-up medical office building planned in Saratoga Springs, Utah, with Blackstone as general contractor and development partner. Delivery is expected in 2027.

The Challenge

The hardest phase of this project so far has not been construction. It has been design and city approvals: meeting the city’s parking constraints and site approval requirements has taken real iteration, and every week spent in entitlement puts pressure on the budget and the delivery date. This is the phase that tests a builder’s discipline, because the decisions made here determine whether the project stays on budget and on schedule for the next two years.

Our Approach

While approvals move forward, our preconstruction team is already bidding the work and value engineering the design, so the budget gets tested against real subcontractor numbers instead of estimates. We committed to a strict timeline and budget at the start, and preconstruction is where we protect both.

Progress So Far

Bids are coming in at or under budget.

What’s Ahead

Final site approvals, then ground-breaking, vertical construction, and tenant build-out, with delivery expected in 2027. We’ll share milestones as they happen.

Why It Matters

Medical office space has to support patient care from the day it opens, and the groundwork for that gets laid long before construction starts. Thrive is also a legacy project for us: the kind of building we want standing in our community decades from now. It is why Blackstone focuses specifically on medical office and retail development rather than general commercial construction.