In a case being watched by local governments across the state, the Florida Supreme Court will hear arguments Feb. 6 in a dispute about construction of a hospital in Volusia County.
The court on Thursday issued an order scheduling oral arguments in an appeal by the Halifax Hospital Medical Center taxing district.
Halifax went to the Supreme Court after a circuit judge said the district does not have the legal authority to issue bonds for a 96-bed hospital project in Deltona.
The taxing district is based in Daytona Beach, and the Deltona hospital is in western Volusia County, outside the district boundaries.
In his ruling, Circuit Judge Christopher France pointed to a law known as an enabling act and concluded that the district “does not háve authority to issué bonds for the purpose of financing the planning, acquisition, construction, or installing of the proposed Deltona Hospital outside of its geographic district boundaries.”
Halifax contends that it has the right to operate outside the district, and it has received support in the case from groups such as the Florida League of Cities, the Florida Association of Counties and the Florida Association of Special Districts.
/wp-content/uploads/2020/08/florida-medical-space-logo.png00ADMIN/wp-content/uploads/2020/08/florida-medical-space-logo.pngADMIN2018-10-11 18:12:412018-10-11 18:12:41Justices To Hear Arguments In Hospital Fight
As part of a rebranding next year, major Daytona International Speedway sponsor Florida Hospital is buying naming rights to the track’s Speedweeks period and redesigning its “injector” entrance.
The move will include the company soon to be known as AdventHealth buying the presented-by asset to the 2019 season-opening Daytona Speedweeks, which includes the Daytona 500. The deal also includes a multimillion-dollar effort to transform Florida Hospital’s entrance to fit the new AdventHealth brand, and it could be a precursor for additional spending in NASCAR by the Adventist Health System parent company.
Florida Hospital is changing its name to AdventHealth at the turn of the calendar year, and the rebranding effort at Daytona will be completed by the 61st running of the 500 on Feb. 17.
“We wanted to make sure folks knew we were changing as an organization — and with our current existing partnership already in place, we decided we would enhance that to make it more prominent as we continue to grow,” said David Ottati, president and CEO of Adventist Health System’s Central Florida Division-North Region.
The company-wide rebrand involves nearly 50 hospitals across nine states. Adventist works with Aquarius Sports & Entertainment on its motorsports marketing.
Adventist Health System was one of five companies to buy one of the track’s branded injector entrances designed as part of Daytona’s $400 million renovation completed in early 2016. Daytona parent company International Speedway Corp. (Nasdaq: ISCA) sold the branded entrances for $2 million to $2.5 million annually over 10- to 15-year terms. Ottati said the company will spend $1 million to $2 million to rebrand its presence at the track, which includes its 20,000-square-foot entrance.
The presented-by asset that AdventHealth is buying from the track is for multiple years. The price was not disclosed.
As its rebrand begins rolling out, AdventHealth is open to expanding its presence not only with ISC but also with rival track operator Speedway Motorsports Inc. The company already has a team sponsorship with Chip Ganassi Racing.
“The really exciting opportunity for us with this national rebrand is in almost every one of our significant AdventHealth markets, there is a racetrack — either ISC or SMI,” said Anna Donaldson, AdventHealth’s director of sports marketing. “There’s definitely a possibility of how we grow our relationships within motorsports, whether with ISC, SMI or Chip Ganassi Racing; we’re definitely exploring those opportunities.”
Off-campus university and medical related office growth continues with another recent example in Tampa: ESJ Capital Partners announced the $18 million sale of University Park Business Center, a 99,154 square foot office campus at 4001 East Fowler, directly across from the University of South Florida.
“Privately owned office space, versus public university facilities, can cater specifically to a medical tenant’s build-out or custom, accessible university research space with plentiful parking and flexible lease terms,” Matthew Fuller, Chief Investment Officer of ESJ Capital Partners, told GlobeSt.com
“Public university administrators and researchers are taking advantage of medical/office spaces thanks to the benefits presented from private capital build-outs,” he says. ”Hospital systems and universities continue to expand to off-campus locations for additional amenities, professional exposure and access for students and staffers in a dedicated space so public funds may remain on campus.”
University Park directly across from the University of South Florida is situated within one mile of four major hospitals.
The property is occupied by Quest Diagnostics, Moffit Cancer Center and USF.
ESJ acquired University Park in 2010 and repositioned the property with consumer-focused medical service tenants. ESJ Capital Partners, LLC is a full-service investment management firm based in Aventura. The firm currently has interests in over 600,000 square feet of medical and suburban office in the Southeast US.
Senior Helpers, a major provider of in-home senior care services, has launched a nationwide franchise concept called Senior Helpers Town Square.
The concept involves the adaptive reuse of older commercial properties being transformed into specialized treatment centers for dementia. The spaces evoke an earlier period in a dementia patient’s life. Namely, midcentury America. Toward that end, the George G. Glenner Alzheimer’s Family Centers created the prototype Town Square in Chula Vista, California, in partnership with the San Diego Opera Scenic Studio. The development, which opened this summer, occupies 9K SF of otherwise unremarkable warehouse space on the town’s Main Street.
Though named Town Square, the development is not a conventional mixed-use development. Rather, it is an indoor, simulated urban environment that employs reminiscence therapy — which uses tangible prompts from an individual’s past to help elicit more long-term memories, reduce anxiety and improve mood and sleep quality in those with dementia.
Each Senior Helpers Town Square location will feature a highly structured, midcentury “town” built around distinctive vignettes that resemble the time period when most participants (now in their 70s and 80s) were young adults, including such re-creations as a 1950s-era diner, movie theater, library and hair salon, all arranged around a central green.
Participants could be served hot lunch at an authentic 1950s-style diner, see a black-and-white film at the movie theater, play pool, get their hair styled at the on-site salon or tinker with a 1959 Ford Thunderbird at the service station. Participants are placed in interest groups of five people and rotate through the areas very much like someone rotating classes in high school or college, spending 45 to 50 minutes in each area.
“The initial response to Senior Helpers Town Square has been overwhelmingly positive, and we hope to have 100 Senior Helpers Town Square locations operating all across the U.S. within the next three years,” Senior Helper CEO Peter Ross said.
A second location is under construction near Baltimore in a former Rite Aid in White Marsh, Maryland, Citylab reports. Senior Helpers will own that facility, which will open in early 2019. A third location is planned for the Chicago area.
Presumably, future versions of Town Square would evoke later decades, and according to Glenner, its partnership with the San Diego Opera Scenic Studio will enable it to update the areas as time passes.
/wp-content/uploads/2020/08/florida-medical-space-logo.png00ADMIN/wp-content/uploads/2020/08/florida-medical-space-logo.pngADMIN2018-09-30 22:09:462020-12-28 02:51:46A ‘Model Town’ For Treating Dementia Is Set To Be Replicated In Abandoned Big-Boxes And Strip Malls Around The U.S.
Health care real estate investment trust Welltower just sold two of its medical buildings in Broward to Abraham Shaulson’s Millennium Management for $29.2 million.
In two separate deals, Welltower sold the Manorcare Health Services nursing care facility at 6931 West Sunrise Boulevard in Plantation for $14.2 million, and the Heartland of Tamarac nursing home at 5901 Northwest 79th Avenue for $15.4 million.
The sale of the 45,942-square-foot Manorcare facility breaks down to about $310 per square foot. It features 120 beds. The 75,552-square-foot Heartland of Tamarac facility sold for about $200 per square foot and features 151 beds. Both were built in the 1980’s.
Miami-based Millennium operates scores of nursing homes throughout the United States. In 2016, it paid $15 million for a psychiatric campus in Hialeah.
/wp-content/uploads/2020/08/florida-medical-space-logo.png00ADMIN/wp-content/uploads/2020/08/florida-medical-space-logo.pngADMIN2018-09-26 20:54:352018-09-26 20:54:35Millennium Management Pays $30M For Medical Facilities In Broward
