Terra, HCA Healthcare Buy Pembroke Pines Development Sites

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Miami-based Terra and Nashville-based hospital giant HCA Healthcare acquired development sites in the Pines City Center mixed-use project in Pembroke Pines.

This was the final piece of a 66-acre property the city purchased and facilitated development on over nearly a decade. With this deal, the last piece of land under contract to private developers at Pines City Center has been sold, while the city retains land for its municipal uses.

The city sold 9.15 acres at the southwest corner of Pines Boulevard and Palm Avenue for $13 million to Pines and Palm Ave 2022 LLC, an affiliate of Terra. The site previously housed Pembroke Pines’ former City Hall, which was demolished.

The Terra affiliate then flipped 6.5 acres of that site to Davie Medical Center LLC, an affiliate of HCA, for $6.1 million. Davie Medical Center is the official name of HCA Florida University Hospital, which opened on the Davie campus of Nova Southeastern University in 2021.

Officials with HCA couldn’t be reached for comment regarding their plans for the Pembroke Pines site. The company does not have a hospital in the city.

Pembroke Pines granted plat approval for 120,000 square feet of medical office space on the property that was subsequently acquired by the HCA affiliate. A site plan has yet to be submitted.

For the 3.15-acre site retained by Terra, the city granted approval for 120 to 150 units of senior housing. Terra said it is in the planning stages for that parcel and has no renderings to share yet.

 

Source:  SFBJ

 

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Sarasota Memorial Hospital To Move Forward With North Port Expansion

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Sarasota Memorial Hospital (SMH) announced plans to move forward with the construction of a new hospital in North Port, FL.

The facility will be constructed on a 32-acre undeveloped site first bought in 2007. With the land purchase, the Sarasota County Public Hospital Board pledged to invest in the medical infrastructure needed to support a hospital in North Port.

The size, cost, and construction schedule for the hospital are still being finalized. Initially, SMH-North Port will open with approximately 100 beds, but will be constructed to have the capacity to more than double in size to meet local healthcare needs.

SMH-North Port plans to offer a comprehensive range of acute medical, surgical and specialty care, outpatient programs and diagnostic services, as well as space for educational and support programs.

The facility will be built with hurricane-proof materials and a back-up energy center with connection to the electronic medical records, clinical systems and specialized support of Sarasota Memorial Health Care System.

“Building a hospital in North Port has been part of our strategic plan and a longstanding goal of city and hospital leaders for many years,” said Sarasota Memorial Health Care System President & CEO David Verinder. “As we had hoped, the new Venice hospital is expanding and bringing our extensive physician base further south, which provides the support and specialty services we need to move forward with a full-service hospital in North Port.”

SMH-North Port will be the health system’s third acute-care hospital and the first hospital for the city of North Port. With a growing population of 80,000 residents, North Port is now the largest city both in land mass and population in Sarasota County, and one of the fastest-growing cities in the nation.

“The want and need for a first-class medical facility in the North Port community is palpable, and has been for many years,” City Manager Jerome Fletcher said. ”This meeting was just the beginning of the discussion, and the City looks forward to hearing more about how we can support the plans and the economic development opportunities a new hospital will bring to North Port.”

SMH was recently awarded a 5-star rating for overall quality from the federal government. The 5-star quality rating marks SMH as the only hospital in Florida, and one of only 33 in the nation, to repeatedly earn the distinction, according to the hospital.

Of the 4,500-plus hospitals that were evaluated, fewer than 14 percent of received 5 stars in the CMS ratings. In Florida, only 15 hospitals achieved the 5-star designation in 2022.

 

Source:  The Capitolist

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AdventHeatlth Changes Project Slated For Former Holy Land Experience Site In Orlando

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AdventHealth has adjusted its plans for the former Holy Land Experience site it bought last year in Orlando.

The Altamonte Springs-based health system — which owns some of the largest hospitals in Orlando — filed paperwork with the city of Orlando to change the proposed project at 4655 and 4615 Vineland Road to a three-phase project.

The first phase would include a one-story, 24-bed, 19,600-square-foot, freestanding emergency department with a helipad.

New plans submitted to the city do not specify what the second or third phases would include, but they do mention the potential for a parking garage. The updated plans call for the demolition of all existing buildings on the site.

Prior plans had the project’s first phase include the emergency department along with a four-story, 90,450-square-foot medical office building, with the second phase including a five-story, 250,100-square-foot hospital.

“We continue to work through our planning and design process to determine how best to serve the health care needs of the Millenia area,” Kari Vargas, CEO of AdventHealth Winter Garden and the west Orange and south Lake market, told Orlando Business Journal.

AdventHealth bought the 14-acre site last summer for $32 million from Holy Land Experience Ministries Inc., an entity related to Tustin, California-based theme park operator and landowner Trinity Broadcasting Network.

 

Source:  OBJ

 

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Baptist Health Buys 18 Acres In Miami-Dade

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Baptist Health South Florida is set for an expansion after purchasing land next to West Kendall Baptist Hospital for $17.92 million.

The deal is part of the 70-acre West Kendall Town Center project, which was recently approved by Miami-Dade County officials.

Miami-based KTC SW 88 St LLC sold 17.9 acres on the east side of the hospital to the nonprofit health care provider. NAI Miami brokered the deal, as several of its executives are also co-owners of the seller.

The county recently approved the “health and wellness district” of Kendall Town Center that Baptist Health acquired for 215,000 square feet of medical offices, 70,000 square feet of education and 125 hotel rooms.

Located at the southwest corner of Southwest 88th Street and Southwest 158th Avenue, West Kendall Town Center was originally approved for a mostly commercial project, but the owners recently changed the plan to make it a mixed-use project. In addition to the health and wellness district, the site is approved for 576 apartments in the residential area, 491,000 square feet of commercial and another 224 apartments in the town center area, and eight outparcels along Kendall Drive.

 

Source:  SFBJ

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Montecito Medical Acquires Medical Office Property In Tampa Area

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Montecito Medical has completed the acquisition of a 37,000-square-foot medical office building in Lithia, Florida.

The building, which opened in 2021, is fully occupied under long-term lease by Orthopaedic Medical Group (OMG) of Tampa Bay.

“This is an outstanding asset in a very attractive submarket, and we are especially excited by the opportunity to work directly with the physicians of OMG and help them make the most of their real estate,” said Jake Clark, Acquisitions Associate at Montecito Medical.

OMG, one of the fastest growing orthopedic groups in the Tampa-St. Petersburg area, maintains 8 locations. At the Lithia property, which serves as the group’s flagship location, OMG provides clinical services, orthopedic surgeries, and physical therapy.

“Orthopaedic Medical Group is dedicated to providing quality facilities for its providers, patients and staff,” said Bill Romaniello, Director of Business Development for OMG. “We are excited about adding the FishHawk/Lithia facility as our flagship location and starting our partnership with Montecito to ensure the facility continues to serve the community for many years to come.”

FishHawk/Lithia is a growing suburban area 25 minutes southeast of downtown Tampa. The OMG property is situated FishHawk Blvd. in the middle of a new mixed-use development that includes single-family and multi-family residential, a retail plaza and middle school.

The Lithia acquisition expands Montecito’s footprint in the Tampa-St. Petersburg market area. “

We are making a substantial real estate investment here, and we anticipate that we will be able to announce additional acquisitions later in the year,” said Chip Conk, CEO of Montecito Medical.

 

Source:  Business Wire

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