MEMPHIS, Tenn. — St. Jude Children's Hospital will be expanding west following the purchase of 23 parcels of land in the Pinch District.
President and CEO Richard Shadyac Jr. posted a release on social media platforms saying that along with the property already owned in the Pinch District, the new property will expand the research hospital even further but it is too early to know what will be put in place.
"The growth of St. Jude signifies one of the largest economic development initiatives in the history of our city, if not the largest, and it's already evident today," Shadyac's release said. "Right now at the St. Jude campus, there are five cranes in the air building two 15-story buildings dedicated to patient care and clinical research."
Shadyac noted it is more than a $1 billion project, and last year the hospital opened a $110 million patient and housing facility.
Shadyac said the continued development into the Pinch District means more good paying jobs for Memphians, which should include 2,500 or more by the end of the decade.
