The two-story, Class A medical office building is under construction with delivery anticipated in late 2027.
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Florida’s healthcare real estate market continues to expand as major health systems move closer to fast-growing residential communities. From The Villages and West Palm Beach to Fort Myers, Orlando and Broward County, new hospitals, outpatient centers, surgery facilities and medical office buildings are being planned or built to meet rising demand for care closer to home.
Real estate experts say the strategy allows the organization to unlock the value of its properties and focus capital on healthcare operations, which typically deliver higher returns than owning and managing real estate.
Previously, patients faced wait times of up to a year for primary care appointments; however, the new center has reduced this to under 30 days.
Cleveland is now in the process of purchasing land for the hospital.