Tag Archive for: adventhealth

Orlando’s Holy Land Experience Theme Park Sells To Hospital Giant

HolyLand-Experience 760x320

The owner of Orlando Christian theme park The Holy Land Experience has sold to health care giant AdventHealth in one of Central Florida’s most high-profile property sales so far this year.

Holy Land Experience Ministries Inc. — an entity related to Tustin, California-based theme park operator and landowner Trinity Broadcasting Network — sold 14 acres at 4655 Vineland Road for $32 million to Adventist Health System Sunbelt Inc., an entity related to the Altamonte Springs-based nonprofit health care system, according to Orange County records.

The deal closed Aug. 2.

The sale appears to only include the theme park and not the rest of Trinity Broadcasting Network’s roughly 65 acres, which includes several office buildings.

 

Click here to read more about this story.

/by

Investor Alert: Land For Sale Next To AdventHealth’s Orlando Campus

Wilkinson Street and Orange Avenue in Orlando_760x320

Several properties are hitting the market in a hot corner near downtown Orlando, College Park and Winter Park.

Roughly 3.4 acres are for sale southeast of Wilkinson Street and Orange Avenue near AdventHealth‘s downtown Orlando campus.

JLL‘s John Gilbert and Darryl Hoffman are marketing the properties separately, but combined they may offer a larger redevelopment opportunity which could create jobs and provide new amenities to residents, workers and more.

No one is under contract to buy the properties, which feature roughly 38,000 square feet of commercial space built between 1958-1981, Orange County records show.

Property owners include John W Davies Revocable Living Trust, Orlando Dental Medical Center Inc. and 600 Wilkinson LLLP. Combined, the properties have a market value of $5.8 million, according to the Orange County Property Appraiser. Some parcels have approvals for future development. For example, the 1-acre 600 Wilkinson St., which features an 11,500-square-foot building with short-term leases, can be converted into a 60,000-square-foot, four-story office building with parking garage, according to marketing materials.

 

Click here to read more about this story.

 

/by

AdventHealth Breaks Ground On 12-Story Tower In Orlando’s Health Village

AdventHealth Rothman Orthopaedic Institute 760x530

AdventHealth on Tuesday broke ground on a new state-of-the-art building that will serve as Florida headquarters for Rothman Orthopaedic Institute.

At 12 stories and 300,000 square feet, the building will be a major addition to the Orlando skyline, located next to Interstate 4 just north of the Princeton Street exit in the Health Village.

“Our community is growing, and we are seeing an increasing need for specialized care,” said Dr. Duane Davis, chief physician executive of the institutes for AdventHealth’s Central Florida Division. “This building will allow us to expand our services, bringing world-class clinicians together in a single, convenient location.”

In addition, the tower will include space for other AdventHealth services including neuroscience, imaging, rehabilitation, and research, offering comprehensive outpatient care, all in one convenient location.

“This project will have a big economic impact, both in construction jobs and in bringing more high-paying medical jobs to downtown Orlando,” said Orlando Mayor Buddy Dyer.

The tower is slated to open in late 2022.

 

Source:  Fox35 Orlando

/by

UCF Lake Nona Hospital Among New Local Facilities To Open In 2021

opening soon_760x320

A number of projects are expected to grow the presence of health care providers in the area this year.

Each of the region’s three largest health care systems — Orlando Health, AdventHealth and HCA Healthcare Inc. — are slated to open new facilities, including hospitals, medical office buildings and freestanding emergency rooms.

These established players aren’t the only ones with construction projects on the books. Jacksonville-based Brooks Rehabilitation plans to open a rehab hospital in Lake Nona, its first in the Orlando area.

Non-health care companies also have medical projects in the works. For example, Bentonville, Arkansas-based Walmart Inc. is bringing a new health care concept to a few of its local stores.

Medical construction projects like these represent opportunities to add construction jobs, as well as provide huge-value projects for companies. Additionally, new health care facilities are needed in areas where the population is growing.

One example is multinational construction firm Skanska signing a $64 million contract to build Orlando Health’s 370,000-square foot, $341 million Orlando Health Jewett Orthopedic Institute. The project — which is expected to be completed by second-quarter 2023 — will create roughly 1,000 temporary construction jobs along with 500 permanent health care jobs.

 

Source:  OBJ

/by

AdventHealth Plans New Medical Office Building Near Downtown Orlando

adventhealth

AdventHealth plans to build a new facility near its downtown-area campus.

The Altamonte Springs-based nonprofit health system is seeking city of Orlando approval for a 12-story medical office building with a parking garage at a listed address of 225 E. Rollins St.

The project — codenamed “Project Lego” and slated to be built on 15 parcels of land — has not submitted additional project documents with the city of Orlando yet, said city spokeswoman Samantha Holsten.

AdventHealth representatives declined to comment.

The health system is being represented by Orlando-based GrayRobinson law firm for its application seeking site plan approval.

The facility would be built inside AdventHealth Health Village, a 172-acre mixed-use community surrounding AdventHealth’s downtown Orlando campus. The longterm plan for the district includes:

  • Room for up to 800 additional hospital beds
  • 600,000 square feet of medical office space
  • 100,000 square feet of general office space
  • 100,000 square feet of retail space
  • Up to 670 residential units
  • A future hotel

Some of that residential development already has kicked off in the area. Orlando-based Ustler Group of Cos. and Atlanta-based Wood Partners are underway on construction of the 285-unit Alta at Health Village apartment complex at Orange Avenue and Winter Park Street, which is expected to be completed by mid-2021.

Ustler Group of Cos. President Craig Ustler supports having a diverse mix of real estate uses there, because they help enliven the area and add to the hospital’s presence, he told Orlando Business Journal.

 

Source:  OBJ

/by