The school, which will be Brevard County’s first college of medicine, currently is going through the accreditation process. The college plans to start with a class of 100 students in July 2024, who would graduate in May 2028.
The health care industry is Hillsborough County’s fastest-growing employment sector, adding more than 17,000 jobs since 2018.
There is also a plethora of health care projects in the area that have yet to start construction.
The price worked out to $345 per square foot.
Additionally, the project will also include 7,800 space of restaurant space and a six-story parking garage.
In a statement announcing the deal, Gerald Quattlebaum, Flagship’s executive vice president of acquisitions, says the population growth and a “booming” health care industry drew the company to the property — and the region.
Both nursing facilities were operated by the Marrinson Group, Inc. a Wilton Manors-based nursing home company.
The building would include eight dedicated patient rooms, an operating room, medical laboratory and other hospital services like CT scans, MRI and X-ray. The hospital would be open 24/7 and have a staff of 10 for each shift.
Through the first eight months of the year, the square footage of hospital construction in Florida was up 64% to 1.9 million square feet and the dollar value was up 125% to $1.15 billion.
AJP Ventures previously completed the MedSquare medical office complex in Kendall and a senior living/medical office project in Westchester.