29 May 2024

Atrium Health’s innovation district, medical school in Charlotte is ‘on time and on track’

Atrium Health’s Wake Forest University School of Medicine Charlotte and innovation district known as “The Pearl” is taking shape in midtown on time and on track for the med school to seat its first class next year.

During a recent tour of the $1.5 billion project site, Hillary Crittendon, Atrium’s head of district strategy and operations, detailed key aspects of the development that now towers over its midtown neighbors.

The complex includes the 14-story medical school and a 10-story research building that will house the North American headquarters for French global surgical training center IRCAD. Both towers topped off in December, just under a year after construction crews broke ground last January.

The main focus continues to be delivering the 700,000 square feet of tenant space between the two buildings. An Atrium representative told Charlotte Business Journal the construction cranes will come down in the next few weeks, and work will begin on the second parking structure in the third quarter.

“There is a major focus on the infrastructure and site development aspects of the project,” the representative said. “While there will be more lane shifts in McDowell Street near Baxter, the new roadways, landscaping and hardscaping will be taking shape in late 2024.”

The Pearl, which will be home to the city’s first four-year medical school, is under construction on 20 acres at Baxter and South McDowell streets in midtown. The school will anchor the Howard R. Levine Center for Education in the heart of the innovation district. It will be the Winston-Salem-based school of medicine’s second campus.

Crittendon said in addition to the medical school, the 14-story tower will include the Carolinas College of Health Sciences, shared learning labs on the third floor to be utilized by all sorts of academic partners and a 250-person tiered auditorium on the second floor.

IRCAD will occupy the first four floors of the 10-story Research Building 1. The building’s second floor will be what Crittendon called a “social lab,” a programmed lobby/coworking area with a coffee bar, small conference rooms and open lounge areas. A walkable plaza that connects the two buildings will also be used for district-related events or community events.

Atrium plans to fill the remaining six floors with additional corporate partners. “We’re looking to attract others to work with us through a contract of the innovation district … Most of those partners will have offices within IRCAD,” Crittendon said. “The hope is that the partners will want to stay, to spend more time here and create more jobs.”

The med school will have more than 100 specialized programs and will support about 3,500 students each year, including Wake Forest School of Medicine students and Atrium and Wake Forest medical residents, fellows and nursing students. The innovation district is also slated to eventually include additional research buildings, retail, apartments, a hotel and open community spaces.

“The timeline on that is dependent more on real estate interest rates than on our own ambitions right now, but we’re very excited about the growth opportunity that it brings,” Crittendon said.

Read more in the Charlotte Business Journal.

Photo Courtesy of Melissa Key, Charlotte Business Journal

Related Content

01 Mar 2026 NC Democratic leaders preview legislative session with business community

Senate Democratic Leader Sydney Batch and House Democratic Leader Robert Reives joined investors and elected officials at the Charlotte Regional Business Alliance for a wide-ranging conversation anchored around three of the CLT Alliance’s top priorities: public safety, education and workforce, and affordable housing.  Public Safety  Leaders emphasized… Read More

18 Feb 2026 Advocate Health Invests $1M into A Home For All

Advocate Health believes everyone deserves a safe place to call home. Housing isn’t just a basic need — it’s the foundation for good health. Building upon its years-long commitment to address key community challenges — including homelessness — across its geographic footprint, the Charlotte-based health system has… Read More

02 Feb 2026 2026 Women in Business Awards highlights 11 CLT Alliance investor companies

The Charlotte Business Journal released its 2026 Women in Business Achievement Awards list on Tuesday, recognizing women who are making a significant impact across the Charlotte Region’s business community. “The 25 honorees in CBJ’s Women in Business Achievement Awards program were chosen following an editorial review of their… Read More