The four acres at Southwest 10 Street and Southwest 11 Way, at the entrance to I-95, have been vacant for decades.
Miami-based Hidalgo Construction Group recently filed notice with Miami-Dade County that it started construction of the three-story medical office building totaling 48,824 square feet.
Medical office buildings remain strong investor favorites despite slowing transaction volume, which one expert says may persist for the next few quarters.
The tower and an accompanying parking lot will be complete in 24 to 30 months.
Healthcare facilities are expanding at an astounding rate to match the population boom and increased need in Central Florida.