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AJP Ventures could rezone a site in the Westchester area of Miami-Dade County to build a medical office building.

Westchester Real Estate Partners LLC, led by Alberto J. Perez of Miami-based AJP Ventures, filed a pre-application with county officials for the 1.77-acre site at 3500 and 3520 S.W. 107th Ave. It has the two lots under contract from Emahud LLC and the Eneida Exposito trust, respectively.

The land is mostly vacant, but it has a single-family home. It’s surrounded by other single-family homes.

The developer wants to rezone the site from “agricultural” to “semi-professional office,” which would eventually require County Commission approval. The site plan calls for a two-story, 28,207-square-foot medical office surrounded by 140 parking spaces.

 

Source:  SFBJ

 

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PrivCap Companies sold a pair of assisted living facilities in Broward County for a combined $12.7 million.

The Boca Raton-based investment firm sold the properties at 6810 Southwest Seventh Street in Margate (pictured above) and at 4681 Southwest 66th Avenue in Davie to entities led by Zalman Skoblo and Zvi Jacobowitz of Brooklyn, according to records.

John DeMarco and Wesley Suskind of The DeMarco Real Estate Group at RE/MAX represented the seller.

The deal for the 131-bed portfolio breaks down to $97,000 per bed.

Both properties are under the Caring Village brand and offer memory care services, according to their websites.

Other investors eyeing facilities for senior residents include Bent Philipson, who has focused on nursing homes. In November, he and Andrew Bronfeld bought the Signature HealthCare Center of Waterford at 8333 West Okeechobee Road in Hialeah Gardens for $43.2 million.

 

Source:  The Real Deal

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The Miami Dolphins moved to a new practice complex this year at their home football stadium in Miami Gardens. They left behind a sprawling compound in Davie on the campus of Nova Southeastern University. With the Dolphins gone from Davie and the fields turned over to campus lacrosse and soccer, the rest of the facility is undergoing a major change. And it has nothing to do with sports.

NSU is converting the complex, used by the Dolphins since the early 1990s, to a hospital — but one without patients.

The $56 million project will expand the sports facility into a 107,000-square-feet healthcare training center, where students will learn how to do surgery, assist in delivering babies, and respond to medical emergencies using simulations, including with robots, holograms, and virtual and augmented reality. The closest thing to living patients at the hospital will be donated human bodies and organs.

“In the past, we really relied on the clinical experience that a student would have in a clinical rotation in a hospital, where the students can be exposed to a variety of situations. But they may not encompass all the situations that you would need to develop in your skill set and decision making knowledge,” said Dr. Harry Moon, NSU’s chief operating officer and executive vice president. “This will augment, not replace, but augment the patient experience,” he said, “and it will be patient-centered so we don’t let technology become the driving force.”

HOW WILL IT WORK?

Pilots and astronauts use simulators to help train for real-world situations. NSU Health plans to use the same concept to teach students how to handle different real-world situations that occur at hospitals and emergency departments, without the risk of real-patient complications. The simulations won’t replace the real-life clinical rotation experience students are required to get. But college leaders hope the simulations serve as additional training to better prepare the future nurses and doctors who one day may save your life, particularly now that the country has a nursing shortage. Through the new center, Moon said NSU Health plans to prepare students in the virtual world to reduce their learning curve in the real world. NSU Health includes all of the university’s health divisions, including its nursing and medical schools.

Moon said a physician at the center, for example, could use “holographic components” while speaking about a patient with a cardiac valvular problem. The doctor could listen to the patient’s heartbeat with a stethoscope and see the electrocardiogram. Moon said a physician could also reach in, remove the heart and show the students the deformity caused by mitral stenosis. A teacher could demonstrate how closed valves affect blood flow and then simulate how to repair or replace the valve. The new center, known as the Interprofessional Simulation Complex, or SimCom, is set to open in spring 2024 on NSU’s Davie campus, off University Drive and Interstate 595. It’s considered to be the first of its kind in Florida, according to NSU President and CEO George L. Hanbury II.

The building will have over 105 simulation spaces, including operating rooms and outpatient exam rooms. There will be 3D modeling/animation and 16 “human and fresh tissue stations,” where students and physicians can practice surgical training, such as hip replacement, on cadavers. The university says it will also be able to transmit images and simulations to its eight regional campuses. SimCom will be open around the clock and will be accessible to people across healthcare, including students, doctors, dentists, nurses, physical therapists and EMS workers, according to Moon. It will also offer learning opportunities in healthcare for people who work in the law, technology and business fields. Moon knows it all sounds very Star Trek. He says the technology is so advanced, it could make you do a double-take.

“It is the future and the future is now,” Moon said. “A new beginning of simulated learning that is as close to the real thing as it can possibly be.”

 

Source:  Miami Herald

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Construction is underway for University of Florida Health’s new neighborhood hospital in Ocala, which will be located at NW Blichton Road and NW 35th Avenue Road, just east of Interstate 75.

According to UF Health, the 150,000-square-foot hospital will include 10 emergency department rooms, 10 inpatient rooms, a medical imaging center, and four surgical operating rooms, among other features.

The three-story medical facility will provide an outpatient center for lab draws, an anesthesia pre-operative center, physician office space, and room to accommodate future expansion.

UF Health stated that the upcoming hospital’s emergency facilities will include seven emergency examination rooms, along with one exam room each for triage and trauma. In addition to the operating rooms, the surgery center will feature a dozen pre-operative and post-operative beds.

Inside the imaging center, there will be two general x-ray rooms, two computerized tomography (CT) rooms, an ultrasound room, and a magnetic resonance imaging (MRI) suite.

“Many families in the Ocala area have entrusted UF Health with the care of their family and loved ones,” stated David R. Nelson, M.D., UF Health president. “Now, they will have access to quality emergency care, surgical services, and an inpatient hospital even closer to home.”

Construction of the neighborhood hospital is expected to be completed in the spring of 2024.

 

Source:  Ocala-News

former FAU site in deerfield beach

Commissioners last week unanimously accepted a development proposal for the Florida Atlantic University (FAU) acreage that will, if approved by voters in March, pay the city $6.5 million, contribute another $7.5 million in community improvements and construct a multi use building housing a medical complex, hotel, workforce housing, event and entertainment space, and commercial tenants.

The four acres at Southwest 10 Street and Southwest 11 Way, at the entrance to I-95, have been vacant for decades and until last year were under lease to the Florida Atlantic Research and Development Park.

In refusing to extend the partnership with FAU, city officials opted to hire a marketing firm to pitch the property to developers. Colliers International was given the task and produced six qualified candidates. The city’s selection committee two weeks ago ranked MBA Development Partners, based on Boca Raton, as the number one bidder.

Said Ken Krasnow, representing Colliers, “MBA is the clear favorite. This is a true live, work, play development. Their intent is to create a statement for Deerfield Beach.”

He presented a four-year development schedule that would have the building leasing the 120 apartment units in 2027. MBA already has created a program to educate the community about the project prior to the 2023 election and the ballot language has been prepared.

Also planned for the building, a medical tower, 105-room hotel, 20,000 square feet of restaurant/entertainment space, and parking garage. The project is being priced out now at $178 million.

The medical tenants are known to the developer, Krasnow said, but those identities are currently protected by a confidentiality agreement. What is known, he said, is that the Marriott brand will operate the hotel and a well-known real estate company will manage the living units.

“Every space is spoken for,” a representative of the developer said.

To City Commissioner Todd Drosky’s observation that the city had hoped to attract a national developer, Krasnow said, “You have national brands with a local presence.” Drosky also pushed Krasnow to reveal the proposed medical tenant saying, “We have only one shot at this . . . We want a dynamo that will energize the area.”

Vice Mayor Ben Preston said in their presentation to staff that “MBA said all the right things . . . It’s a homerun.”

The Boca Raton-based developer is a privately-held real estate company who has partnered with others to develop $4 billion in real estate projects.

 

Source:  New Pelican

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Developers broke ground on a medical office building in Hialeah after obtaining a $13 million construction loan.

Ocean Bank provided the mortgage to Miami Gardens-based 5 Aces Capital Hialeah Land LLC, managed by Alejandro Garcia, and Cam Group at Hialeah LLC, managed by Pedro Alberto Camejo. The loan matures in 18 months, with a potential 10-year extension It covers the 1.85-acre site at 4300 W. 12th Ave., about three blocks west of Goodlet Park.

Miami-based Hidalgo Construction Group recently filed notice with Miami-Dade County that it started construction of the three-story medical office building totaling 48,824 square feet.

The project was recently listed for lease online at $32 a square foot, with availability anticipated in December 2023.

The developer acquired the vacant site for $6.85 million in late 2021.

 

Source:  SFBJ

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Medical office buildings remain strong investor favorites despite slowing transaction volume, which one expert says may persist for the next few quarters.

“The past several years have been banner years for investors with historically low cap rates and many more buyers in the market than sellers,” says Julie A. Johnson, Executive Vice President, Arizona at Colliers, who will be speaking on a panel of industry experts breaking down healthcare real estate trends at this week’s GlobeSt healthcare conference. But “medical office buildings will continue to be strong with not only the increase of the senior population but also the population increase in many markets, specifically the Sun Belt cities.”

Johnson notes that construction costs have been “a bit of a headwind,” as have labor shortages and increased labor costs for retaining existing providers.

“There has been a physician shortage of varying degrees in markets across the country and with aa lack of new doctors and many retiring doctors there will be an increasing shortage here that various healthcare professionals (physician assistants and nursing professionals) can fill for lower acuity patient care,” she says.

Opportunities nevertheless abound for investors as new medical technology shifts more procedures to outpatient surgery centers, and as the awareness and need for more inpatient and outpatient behavioral health facilities increases. In addition, “population growth in many cities continues to drive the need for more hospital beds, medical office space and other ancillary healthcare real estate,” according to Johnson.

Going forward, Johnson says she’ll be keeping a close eye on hospital systems possibly monetizing their real estate as a result of bonding capacity, higher construction prices and focusing their capital on their core business of patient care.

 

Source:  GlobeSt.

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On Nov. 29, Davie-based HCA Florida Healthcare broke ground on an $88 million expansion to its Lake City Hospital, ABC affiliate WCJB reported.

The new two-story tower will increase the number of beds at the hospital from 113 to more than 150, according to the news station. It will feature an additional catheterization lab, pre-op area and PACU recovery area, and will expand access to critical intervention radiology and vascular services.

The tower and an accompanying parking lot will be complete in 24 to 30 months, according to the news station.

 

Source:  Becker’s Hospital Review

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Healthcare facilities are expanding at an astounding rate to match the population boom and increased need in Central Florida.

AdventHealth is expanding its footprint in Polk County with a new four-story hospital and emergency department off Cypress Gardens Boulevard in Winter Haven. In Lakeland, Orlando Health is expanding, planning a hospital and surrounding campus in the fast-growing South Lakeland area.

This planned construction is further evidence of the growth in Polk County, which expanded from 603,000 residents in 2010 to 753,500 by 2021.

AdventHealth, a Seventh-Day Adventist nonprofit healthcare system headquartered in Altamonte Springs, recently announced its plans for a new, four-story hospital in Winter Haven.

The 42 acres north of Cypress Gardens Boulevard, south of River Lake and west of Cypress Gardens Road will eventually become a medical campus for the 192-bed AdventHealth Winter Haven hospital with an emergency department and 160,000 square feet of medical offices and ancillary facilities.

The AdventHealth expansion plans were given final approval when the Winter Haven City Commission unanimously approved the development November 14.

“The southeast section of Winter Haven is growing in leaps and bounds, and this will make it a lot easier when time is sensitive for medical issues for the citizens to get medical care,” says Winter Haven City Commissioner J.P. Powell. 

“It’s necessary. The other alternative was going to Lake Wales or Haines City, and with medical issues. time is of the essence. It will be a real asset.”

According to AdventHealth, the first phase of construction will include a freestanding emergency room that will open before the hospital is completed. Once open, hospital services will include primary care, cardiology, gastroenterology, orthopedic, and urological specialty medical services.

Tim Clark, president and CEO of the AdventHealth Polk Market, has worked at AdventHealth for 19 years in various positions. He started as president and CEO of the Polk Market on June 5. He says the new hospital will bring “whole-person care to residents close to home,” particularly in the southeast section of Winter Haven.

Once completed, the new hospital will be part of a network of AdventHealth centers already operational in areas such as Carrollwood (Tampa), Dade City, Lake Placid, Lake Wales, Sebring, and Wauchula. It will also be among five freestanding offsite AdventHealth emergency rooms, including those in Brandon, Palm Harbor and Tampa’s Westchase community.

In addition to AdventHealth, Orlando Health’s foray into Polk County will help to create more medical access points, particularly along Interstate 4, for individuals living in South Lakeland.

Founded more than 100 years ago, Orlando Health is a nonprofit healthcare organization with $7.6 billion in assets that is headquartered in Orlando and serves the southeastern United States.

Orlando Health’s Lakeland Highlands Hospital will be located on 80 acres south of the Polk Parkway at Lakeland Highlands Road and the Winter Lake Extension Road. Pre-construction work is already underway, and construction will begin in early 2023 with an expected opening in summer 2026, according to Bayfront Health St. Petersburg. The first phase of the multi-story hospital will have 136 inpatient beds and 24 emergency department beds. Plans for future phases call for an expansion to 360 beds.

Orlando Health officials have already been meeting with City of Lakeland officials and community leaders over the past several months.

“When we open, we will have enough capacity in Phase I to address immediate needs that will serve us for the first four to five years of operation,” says John Moore, senior vice president of Orlando Health West Region and president of Bayfront Health St. Petersburg. 

“Going forward, expansion will be based on analytics and will occur in phases of approximately 90- to 120-bed increments.”

Orlando Health will build in an area already served by Lakeland Regional Hospital and Bartow Memorial Medical Center and has used market data to bring medical services to areas where additional medical care is needed.

The new Orlando Health Lakeland Highlands Hospital is planned to include a 20,000-square-foot ambulatory surgical center; 240,000 square feet of medical office space; a 20,000 square feet of retail space; and a 150-room hotel to accommodate patients and their families.

“Hotel accommodations play an important role when providing health care,” says Moore, who’s responsible for developing, leading, and implementing the hospital’s strategic and operational direction. 

“They are an extremely important factor when discussing outpatient procedures, especially for those driving in who have a procedure on day one and a follow-up appointment with a surgeon the next day.”

Moore says Orlando Health’s strategic planning team conducted research and reviews to determine areas in Polk County that are lacking in certain medical services that can be provided by Orlando Health. He cites Lakeland Regional Hospital having the highest-volume emergency department in the area, “which is a challenge for any one facility to manage.”

Additionally, Orlando Health Lakeland Highlands Hospital will have a larger inpatient capacity than what was originally planned, says Dr. Jamal Hakim, chief operating officer.

“As one of the state’s fastest growing communities, Orlando Health recognizes that it needs to accelerate its delivery of high-quality, outcome-based health care to these communities,” he says. “We are excited about our revised plan and its many benefits for the community.” 

The addition to Polk County — and more specifically Lakeland’s — health care options are welcome, says Lakeland Mayor Bill Mutz. He says the city’s growth must consider how it enhances “quality of life through community health.”

“Orlando Health’s Lakeland expansion provides expanded services on a timely basis to support our growth,” says Mutz. “The significant capital investment and historical quality of health care provided by Orlando Health will become a timely and necessary addition for our citizens.” 

 

Source:  Central Florida Health News