Shell Point Retirement Community

Shell Point Retirement Community announced the completion of the Larsen Health Center, a $78 million, 200,000-square-foot facility that brings together all of Shell Point’s health care services, including a comprehensive medical center, behavioral health suite, rehabilitation center, dental offices, pharmacy and a 180-bed skilled nursing facility with private rooms.

“Very few CCRCs are making investments in skilled nursing, but we’re bullish on it,” said Shell Point President and CEO Martin Schappell. “Locating all medical services within one facility accelerates access to care, enhances collaboration in treatment, and hastens the healing and restorative process.”

Shell Point’s skilled nursing has received national recognition, including five-out-of-five-star ratings for overall service, quality measures and staffing from The Centers for Medicare & Medicaid Services.

Within Larsen Health Center, a medical center includes exam and procedure rooms, on-site imaging services and offices for Shell Point’s medical staff and specialty physicians. A therapy center offers inpatient and outpatient rehabilitation services in an open-gym concept, along with an occupational therapy home suite, a state-of-the-art aqua therapy pool and private treatment rooms.

A dental clinic, full-service pharmacy, chapel, meeting space and cafe complete the first floor.

Floors two through six offer 162 private and nine companion skilled nursing rooms with 10-foot ceilings, expansive foot windows and bathrooms with walk-in showers. Dining rooms and sunrooms feature floor-to-ceiling windows showcasing water and nature preserve views.

Each self-contained residential neighborhood accommodates 20 residents and offers a living room, activity room, lounge area and a family conference room. Such neighborhood spaces “create a nurturing environment for socializing and activities and reflect Shell Point’s personalized approach to care,” said Christy Skinner, vice president of health care.

A full-service salon for residents, an employee cafeteria and administrative offices are on the second floor. Larsen Health Center’s contemporary interiors were completed by Wegman Design Group, which created award-winning designs for Shell Point’s Tribby Arts Center, Welcome Center and several amenity it and common space renovations around the campus.

The Larsen Health Center project team includes RDG Planning & Design, The Weitz Company, Johnson Engineering, Stantec Consulting Services and Fiber Solutions.

Shell Point broke ground on Larsen Health Center in September 2019. The facility is in Shell Point’s Waterside neighborhood, which includes The Springs assisted living, Connected Living at The Springs memory care residences and the Shell Point Welcome Center.

 

Source:  Fort Myers Florida Weekly

 

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For Becca Hardin, president of the Bay County Economic Development Alliance, having a hospital on the beach will be nothing short of “game-changing.”

During the EDA’s January investor’s meeting, officials gave an update on the upcoming health care campus slated to be built in Panama City Beach through a joint venture partnership between the St. Joe Co., Tallahassee Memorial Healthcare and Florida State University. The project was first announced in April last year.

“There are some game-changing projects that are happening in Bay County,” Hardin said during the meeting. “There are many other examples (of this), but one … is the new hospital complex that is being built on Highway 79 in Panama City Beach.

“We have seen the artist renderings of the campus and I’ll tell you, it’s impressive,” she added. “It’s going to be such a great (addition) not only for our community, but for the entire region.”

Andrew Starr, vice president of Tallahassee Memorial Healthcare, said there is no denying Bay County needs another hospital, especially considering the constant growth of the Panama City Beach area.

Information from the meeting notes that the hospital will sit just 7.5 miles from the Northwest Florida Beaches International Airport, which last year shattered its previous annual passenger record from 2019.

The health care campus also will be located about 30 to 45 minutes from any nearby hospitals, including Gulf Coast Regional Medical Center, Ascension Sacred Heart Bay and Ascension Sacred Heart Hospital Emerald Coast.

“This area is growing by leaps and bounds, so … you have all this opportunity (and) a need to build an infrastructure to support that opportunity here and now and more importantly, in the future,” Starr said during Wednesday’s meeting. “There’s nothing but upwards momentum in this area.”

The current goal of the project is to first build a medical office building to set up the fundamentals. The long-term vision then is for that to expand into a hospital that covers 320,000 square feet and boasts four medical office buildings and 500 beds.

Starr said a master agreement with St. Joe already is in place and a general contractor has been selected.

He hoped for the medical office building to open sometime in 2024.

“This is going to be a local facility,” Starr said. “This facility will not be called TMH (Tallahassee Memorial Healthcare). That is not what we are intending to do. Most likely, it is going be called FSU Health (because) it is a campus that belongs to this community.

“Yes, there will be a relationship (with TMH) but the reality is this is going to be (the residents’) campus,” he added. “There’s a big difference between being part of a local organization that cares about community … and being part of a bigger conglomerate.”

 

Source:  Panama City News Herald

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A hospital by Brooks Rehabilitation in Orlando’s Lake Nona community no longer is happening.

The Jacksonville-based company is not pursing the location “given the constant change of the environment,” spokeswoman Jill Matejcek told Orlando Business Journal. Construction on the planned 60-bed rehab hospital originally was set to start in late 2021 and would have had space to expand.

“We still are committed to Orlando, but based on other Brooks projects and priorities, just not in the form of a rehabilitation hospital at this time,” Matejcek said. “We are focusing on the outpatient expansion.”

Brooks currently has five outpatient clinics in metro Orlando, and is scheduled to open four more in 2022, Matejcek said. The system may add additional clinics to that expansion effort by the end of this year.

A hospital from Brooks would have been the first dedicated orthopedic hospital in the southeast Orlando community, which features a children’s hospital from Nemours Children’s Health, the Orlando VA Medical Center and an acute care hospital from a partnership between the University of Central Florida and HCA Healthcare Inc.

Executives with Tavistock Group, the developer of Lake Nona, were not available for comment.

Rehabilitation care is one of the areas of health care that could see continued expansion in 2022, Henry W. Grady III, senior vice president and industry consultant for nonprofit hospitals and health systems at Truist, previously told Orlando Business Journal. The challenge is that many projects have gotten more expensive and the cost of capital has increased.

“It is a challenge to pass these higher costs along, so how these will be absorbed remains to be seen,” Grady said. “Surely this also will affect bottom line profitability in the coming quarters.”

Brooks currently has a 160-bed hospital in Jacksonville and a second 60-bed hospital in the city set to open in March. It has an inpatient facility in partnership with Halifax Health in Daytona Beach.

 

Source:  OBJ

 

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DSS, Inc., a multinational company with nine operating business lines in diverse, high-growth industries, announced its majority-owned subsidiary, American Medical REIT Inc. (“AMRE“), has acquired a tenanted 21,900-square-foot medical office building located at 950 1st St. South in Winter Haven.

Palm Medical Center, the primary tenant of the Winter Haven medical office building, leases nearly 19,000 square feet of the property and has six years remaining on its lease with three five-year options to renew. Rent increases to Palm are limited to 1% annually, and Palm has a first right of refusal on any vacant space at the Winter Haven medical office building. The amount Palm pays towards property taxes will freeze at the 2020 rate, and any future increases in property taxes above the 2020 rate will be absorbed by AMRE.

“While other areas within commercial real estate have been impacted by the ongoing pandemic, medical real estate has demonstrated considerable resiliency,” stated Frank D. Heuszel, DSS CEO. “We are thrilled to further expand our medical real estate operations with the addition of the Winter Haven facility to our growing AMRE portfolio. AMRE, launched in March 2020, now owns more than 380,000 sq. ft. of high-quality healthcare assets across the US, providing a formidable foundation for our operations as we seek to further accelerate growth and build long-term value for our shareholders.”

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Baptist Health South Florida is set to buy city-owned land in Sunrise for its first hospital in Broward County, beating out a rival bid for the 25-acre site.

The Sunrise City Commission voted 4-1 Tuesday to sell the hospital development site at 12401 West Oakland Park Boulevard to Coral Gables-based nonprofit Baptist Health for $14.3 million.

The price matched a joint bid for the site by two tax-supported hospital systems, Memorial Healthcare and Broward Health.

City commissioners who favored the bid by Baptist Health cited unkept promises by Broward Health to build a hospital in Sunrise at Pine Island Road and Oakland Park Boulevard, where the hospital system acquired property 20 years ago.

City commissioners in August declared the 25-acre site a “surplus” municipal property. It is on the northwest corner of Oakland Park Boulevard and the Sawgrass Expressway.

 

 

Source:  The Real Deal

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Marcus & Millichap negotiated the sale of Point 100, a 40,726-square foot, three-story office property located in Maitland, according to Justin W. West, regional manager of the firm’s Orlando office.

The property sold for $7,750,000.

David Vaughan and Ray Turchi, investment specialists in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, a private local investor.  The buyer, WS Properties of Orange County, LLC, was also procured by Vaughan and Turchi.

“Point 100 is a premier Maitland office building, and this sale is a good indication of the reinstated confidence in the Orlando MSA office market as a whole,” said Vaughan.

Point 100 is located at 100 E Sybelia Avenue in Maitland with close proximity to the new downtown district, Uptown Maitland Senior Living complex, and Maitland City Centre. Constructed in 1982 and extensively renovated in recent years, the 20-suite office tenant roster includes AdventHealth Medical Group, Nemours Children’s Health and Acentria Insurance.

 

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The Tequesta Terrace Assisted Living Facility in the northern Palm Beach County town sold for $12.3 million.

Manchester Center, Vermont-based Terrace Communities Tequesta LLC, a partnership between Kate Heaton of A.L. InvestmentsMark P. Mitchell and Gerald A. Goray, sold the 106-unit assisted living and memory care facility at 400 N. U.S. 1 in Tequesta to Tequesta Propco LLC, in care of West Palm Beach-based Alta Senior Living. Thorofare Asset Based Lending REIT Fund V provided a $15.4 million mortgage covering both the property and the operations of the facility.

The 82,210-square-foot facility was developed on the 2.82-acre site in 2001.

 

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The University Medical Arts medical office building in Tamarac sold for $10.05 million.

Tamarac Medical Office LLC and PrivCap Hawks LLC, both managed by Daniel Cohen of Boca Raton-based PrivCap Cos., assigned the land lease for the 44,951-square-foot office building at 7431 N. University Drive to 7431 Medical Offices LLC, managed by Ruvi Silberstein in Los Angeles.

The price equated to $224 a square foot.

Signed in 1997, the land lease is with the neighboring HCA Florida Woodmont Hospital, formerly known as University Hospital & Medical Center.

 

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AdventHealth has submitted plans showing that it intends to build medical offices and a hospital on the former Holy Land Experience site in Orlando, according to a report in GrowthSpotter.

According to a recently submitted application to Orlando’s Municipal Planning Board, the health system won’t be demolishing the existing three-story auditorium nor the existing Holy Land building directly across yet.

Instead, AdventHealth intends to build around the structures at 4655 and 4615 Vineland Road, and embark on a two-phase development plan, called AdventHealth Millenia, that involves building a four-story, 80,000 square foot medical office building (Phase 1) and a five-story, 261,500-square-foot hospital (Phase 2).

Included in plans for the first phase are a helipad, which will require a Conditional Use Permit, and associated surface parking.

The first floor of the medical office building will feature a 20,000-square-foot of Emergency Room.

The second floor will have 20,000 square feet of medical office space and the third and fourth floors will feature 19,000 square feet each consisting of either medical office uses or ambulatory surgical centers.

Phase 1 will also include building the master infrastructure to serve future phases of the hospital. According to the plans, AdventHealth is still considering demolishing the current Holy Land Experience structures for future phases.

Kimley-Horn is the civil engineer assigned to the project. The proposed plans are set to go before Orlando’s Municipal Planning Board on Feb. 15.

Earlier this summer, the hospital system paid $32 million for the 14.2-acre site on the northeast corner of Vineland Road and Conroy Road.

The Christian theme park’s parent company, Trinity Broadcasting Network, had struggled to keep the business afloat. Shortly before the pandemic struck, Holy Land Experience ended all of its stage shows and laid off much of its workforce.

AdventHealth is one of the largest faith-based health systems in Florida. Its Central Florida division has more than 20 hospitals and ERs across seven counties.

 

Source:  Orlando Sentinel