The MOB is approximately 1.5 miles from the 170-bed Orlando Health South Lake Hospital and AdventHealth Clermont Park, a 24-bed freestanding Emergency Department and health park.
Major care systems like AdventHealth and Orlando Health are finishing up respective projects estimated in the millions of dollars.
Founded in 1908, AdventHealth’s Central Florida division includes more than 20 hospitals and ERs in the seven-county area in and around Orlando. Its hospitals and other outpatient services see more than 5.7 million patient visits annually.
The new cancer center will total 244,000 square feet.
The $326 million project includes a medical office building for outpatient lab services, rehab and wound care and more.
As the population grays, with older Americans projected to outnumber children in 2035, according to the Census Bureau, hospital systems are looking to build and investors are looking to get a piece of the action by buying medical office buildings — a sector that saw acquisition volume more than double year-over-year.
The property, which was 100% occupied, closed on May 12 for $11 million.
A total of 43 phases were delivered as part of the overall project.
Olympus said it will build 175,000 square feet of medical office space to anchor the Olympus Health & Wellness campus
The unanimous approval from the Brevard County Planning and Zoning Board follows a similar unanimous vote on April 28 from the Merritt Island Redevelopment Agency.