Cancer Center Breaks Ground On New $400M Facility

Moffitt Cancer Center in Tampa

Moffitt Cancer Center in Tampa has broken ground on a new $400 million, 10-story, 498,000-square-foot inpatient surgical hospital at its McKinley Drive campus.

According to a news release, the center estimates that, over the next 10 years, its patient volumes will rise by 65% and cancer surgeries will increase by 33%. The new facility, with 128 inpatient beds and the capacity to expand to 400, will help meet that rapidly growing demand. It will also feature 19 operating rooms, 72 perioperative rooms, three MRI scanners, three CT scanners and two nuclear cameras.

“This new facility will expand our capacity for inpatient hospital care and will modernize our ability to treat and cure cancer,” Moffitt President and COO Jack Kolosky states in the release. “This hospital will increase the power and speed with which Moffitt can translate our discoveries to the benefit of all people. It will blend the most advanced medical and surgical technologies with a patient-centered approach that brings us closer to achieving our vision — to transform cancer care through service, science and partnership.”

The project will also include the construction of a 26,000-square-foot central utility plant of approximately and a three-story parking garage, the release states. It is expected to generate $298 million in construction value within the local economy and employ some 5,500 workers.

“This new hospital will be a place for firsts,” Kolosky states in the release. “New discoveries will be made here. New procedures will be performed. Through this state-of-the-art facility, we will revolutionize the way patient care is delivered at Moffitt.”

Construction is set to begin next month, with a target opening date of July 2023.

 

Source:  Business Observer

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Ascension Decides Against World Commerce Center Development In Jacksonville

ascension's former jacksonville site

Health care giant Ascension remains committed to building a $115 million hospital in Northern St. Johns County, but it has backed away from a site within the World Commerce Center masterplanned community that it had initially planned on, an Ascension spokesperson said by email.

“Our plans to build a hospital in northern St. Johns County continue as scheduled and we are still assessing multiple location options,” said spokesperson Kyle Sieg.

A representative of Steinemann & Company, which is developing World Commerce Center along I-95, said Ascension had signed a letter of intent to develop its hospital in the masterplanned community, but that agreement has been terminated. The site is still available for hospital use, the representative said.

David Meyer, chief strategy officer of Ascension Florida and Gulf Coast, previously told the Business Journal that St. Johns County’s fast-growing population and low per capita health care capacity made it it ripe for hospital construction.

Myer said the 60-bed St. Johns hospital will be modeled after the hospital Ascension built in Clay County six years ago. That facility opened as a 64-bed facility in 2014, expanded to 106 in 2016, then added another 30 beds in 2018.

Northern St. Johns County has attracted significant interest from health care companies in recent years. Flagler Health+ and UF Health are partnering on a $150 million campus, and Baptist Health has purchased a 35-acre site for its own campus.

However, Covid-19’s temporary prohibition against elective procedures, increased demand for medical supplies and drop in patient visits has hit health care systems revenues hard, causing many to pause construction plans. Ascension, which employs about 5,300 in Jacksonville, saw a net loss of more than $2 billion in the first quarter, but it has been buoyed by a $700 million line of credit, a $300 million bond and $2 billion in stimulus funds.

The company is underway on $800 million in construction across its 20-state footprint. In Jacksonville, it is underway on two emergency departments, finalizing construction of a $55 million Riverside facility and conducting a $23 million renovation of its Southside facility.

 

Source:  JBJ

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New Joint Venture To Ramp Up Investment In Growing Real Estate Segment

deal

An Orlando real estate services and investment firm has entered a new partnership to ramp up its presence in senior residential properties that specialize in health care.

Foundry Commercial and Springfield, Missouri-based Foster Senior Living LLC created a joint venture called FSL Senior Living Ventures LLC. The partnership came out of 15 years of working with Foster Senior Living and a desire to step into a growing segment of real estate, Kevin Maddron, health care principal for Foundry Commercial, told Orlando Business Journal.

Foster Senior Living will manage the day-to-day operations of the joint venture’s communities out of its offices and Foundry will provide capital and transaction knowledge from Orlando. Community types the venture will target include assisted living, memory care and skilled nursing.

 

Source:  OBJ

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AJP Ventures, Mas Group To Develop 37,000 SF Medical Office Building In Miami

MedSquare-Place-Miami

A joint venture between AJP Ventures and Mas Group will develop MedSquare Place, a planned 37,000-square-foot medical office building in Miami’s Westchester neighborhood. The developers plan to break ground this summer at the property, which is situated at 9101 SW 24th St., 11 miles west of downtown Miami and five miles north of Baptist Hospital of Miami.

WellMed Medical Management, a healthcare delivery company, has signed a 19,000-square-foot lease to anchor the property.

The site was formerly an AT&T corporate office, the demolition of which will begin this month. The property will feature valet and reserved parking, a covered patient drop-off area at the main lobby, floor-to-ceiling hurricane impact windows and a safety back-up generator.

 

Source:  RE Business

 

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$189M University Of South Florida Morsani College Of Medicine And Heart Institute Opens

SkanskaTampa 768x534

SkanskaTampa 768x534

Construction has been completed on the $189 million University of South Florida (USF) Morsani College of Medicine and Heart Institute.

The college is now open at the Water Street mixed-use development in downtown Tampa, which is expected to become one of the most vibrant urban environments in America and the world’s first wellness district.

The 395,000-square-foot, academic building is bringing 1,800 students, faculty and researchers to the heart of downtown Tampa and is set to transform health education by focusing on more hands-on, technology-enabled learning. Standing 13 floors high, the innovative building features a 400-seat auditorium, clinical teaching labs and research laboratories, office space and a wellness center. The school teamed up with Microsoft to create the first-ever Medical School of Innovation, placing USF among the most innovative higher education institutions for integrating technology into medical education.

In December 2014, initial approval was granted to relocate and rebuild the medical college, bringing it within a mile of its primary teaching hospital, Tampa General Hospital. In collaboration with design firm HOK, Skanska began construction work in August 2017 and the project was delivered this January 2020.

Situated within the mixed-use Water Street development, faculty and staff will be able to live, work and study along the downtown Tampa waterfront and provide healthcare services to people in need through USF’s community outreach initiatives.

In Tampa, Skanska has also completed the $122 million renovation and expansion of the Tampa International Airport’s main passenger terminal in 2019 and the $35.6 million renovation and expansion of the Julian B. Lane Riverfront Park in 2018. Nearby in St. Petersburg, Skanska delivered the Johns Hopkins All Children’s Hospital Research and Education Building in 2018 and is currently reconstructing the St. Petersburg Municipal Pier and Pier Approach.

 

Source:  School Construction News

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