The deal consisted of the Delray Beach-based investors purchasing the remaining interest in the LLCs that own the real estate, not deeds.
University of Miami has been expanding its medical clinics throughout South Florida, most recently in Downtown Doral as well as North Miami.
St. Johns County issued a permit June 5 for a $5.2 million, 30,000-square-foot medical office building at The Fountains of St. Johns.
The two-story facility will be west of Ascension St. Vincent’s Health Center – St. Johns, a 42,000-square-foot anchor of the mixed-use medical and retail development, according to a site map.
Cross Regions, a Jacksonville-based real estate development company, is the developer. Design Development Architecture Inc. is the architect. Urban Partners Construction is the contractor.
The Fountains at St. Johns is built on nearly 100 acres at northeast County Road 210 West and Interstate 95 in northern St. Johns County.
Development is taking shape in three phases: Fountains South, Fountains North and Fountains East. Cross Regions President and CEO David Ergisi said in an interview that tenants have already claimed more than 80% of the available space in the first phase.
Current tenants operating at the Fountains include Culver’s, Endeavor Health Center urgent care clinic, Lil Voyagers Academy day care and several retailers.
Source: Jacksonville Daily Record
The clinic is expected to be completed by Spring of 2025.
“Bartow Regional Medical Center is located in one of the fastest-growing counties in the nation,” said Karen Kerr, the hospital’s president. “This project aligns perfectly with our mission to improve the health of all we serve. Our team has been working for months to determine how best to care for our community and we’re excited to move forward.”