AdventHealth Buys Church, Begins Multimillion-Dollar Redevelopment

8702 Hunters Lake Drive 760x530

AdventHealth bought a church in the New Tampa area with plans to redevelop the property into a “care pavilion.”

The Orlando-based health system paid $7.4 million for the Lifepoint Church property at 8702 Hunters Lake Drive, according to Hillsborough County property records. In June, the city signed off on a rezoning request to allow for an adaptive reuse of the building on the 5.84-acre site.

The Robbins and Morton Group of Birmingham, Alabama, is the general contractor on the redevelopment project, according to city building permits. The total renovation costs are pegged at $8.44 million.

The facility will include exam rooms as well as imaging capabilities including MRIs, X-rays and CT scans, according to city building permits, though a spokeswoman for the health system’s West Florida division hinted that the facility could offer more comprehensive care.

“We look forward to bringing expanded care services to the community,” spokeswoman Richelle Hoenes told the Business Journal. “Right now, we are working to understand how to best serve the health needs of the area and will be sharing those details soon. This is an exciting opportunity for AdventHealth to go beyond the hospital walls to care for those who need us and help others feel whole in body, mind and spirit.”

AdventHealth is one of several large health systems competing for market share in Central Florida, and the church acquisition is the latest in a series of multimillion-dollar real estate deals for AdventHealth. In June, the health system bought 22 acres in the Tampa suburb of Riverview for a new hospital. Further, it plans tobuild a 12-story, $100 million, 300,000-square-foot medical office building at Rollins Street and Dade Avenue near its downtown Orlando campus.

The expansion comes at a time when the novel coronavirus pandemic has wreaked havoc on hospitals’ finances. But AdventHealth is getting creative with keeping its expenses in check: In August, the Business Journal reported that the health system would allow its lease to expire in a suburban office park, citing the upsides of remote work.

AdventHealth’s Central Florida Division includes 20 hospitals and ERs in its seven-county territory in and around metro Orlando.The health system sees roughly 3.4 million patients annually.

 

Source:  OBJ

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