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Emory University is planning a $475 million cancer tower at Emory University Hospital Midtown.

The new cancer tower at 550 Peachtree Street would be 17 stories and be located on the north side of the EUHM campus and connected to the existing hospital, according to plans filed with the Georgia Department of Community Health.

The tower will consist of approximately 455,000 square feet of new construction and will include about 64 inpatient beds and 26 observation beds. "The tower will also include research space, perioperative services, imaging services, radiation oncology, a clinical laboratory, pharmacy, infusion therapy and outpatient clinic space. In addition, an array of support services will located in the new tower," Emory says.

In a statement to Atlanta Business Chronicle, Emory said, "Emory University has submitted a Letter of Intent to the Georgia Department of Community Health for the construction of a new cancer tower on the Emory University Hospital Midtown campus. The new building would be part of Emory's Winship Cancer Institute. The proposed building would consist of 17 floors above ground and approximately 455,000 square feet of new construction, located on the north side of the Midtown campus."

News of the new cancer tower come just days after Emory filed plans for a $1 billion "health innovation district" at Executive Park on North Druid Hills road at Interstate 85.

Emory has recently expanded its real estate holdings around Emory University Hospital Midtown. In December it bought the former Peachtree Pine Homeless Shelter at 477 Peachtree Street. Atlanta Business Chronicle reported in March that Emory envisions a new cancer institute that would rise next to Bank of America Plaza.

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