Tag Archive for: orlando health

Medical Office, Hospital Expansions Among Orlando’s Largest Proposed Health Projects This Year

adventhealth palm coast parkway

There’s no lack of health care projects in Orlando so far in the first six months of 2022 — bringing more construction and jobs into the area.

Major care systems like AdventHealth and Orlando Health are finishing up respective projects estimated in the millions of dollars.

For example, Orlando Health has plans to wrap up its $341 million, 370,000-square-foot Orlando Health Jewett Orthopedic Center during 2023. Also, Altamonte Springs-based AdventHealth is finishing its 12-story, 300,000-square-foot Innovation Tower medical office building in downtown Orlando later this year and is preparing a new freestanding emergency department and medical office on the former site of The Holy Land Experience in Orlando’s Millenia neighborhood.

Nationally, the activity is following the same trend. Raleigh, North Carolina-based FMI Corp. expects health care construction spending in the U.S. to go from $53 billion in 2022 to $62 billion in 2025. That is due to demand for services for an aging population and the addition of people to certain parts of the country.

Jeff Butler, senior pre-construction manager in Florida for Birmingham, Alabama-based Robins & Morton, previously told Orlando Business Journal his company has seen a lot of local health care systems and companies invest in facilities due to the area’s population growth and other factors.

“We are seeing more health systems add capacity to their hospital campuses, from inpatient beds to emergency, imaging and specialty care services,” Butler said. “We believe some of this is a response to the lack of bed availability throughout the Covid pandemic, but we also believe it’s a reaction to aging infrastructure.”

Here are some of the largest health care projects proposed so far in metro Orlando:

Healthcare Trust of America Olympus medical office

  • Cost: Estimated at $100 million
  • Description: Healthcare Trust of America (NYSE: HTA) has proposed 175,000 square feet of space, including a 96,000-square-foot building in the first phase inside the Olympus mixed-use development in Clermont. The Scottsdale, Arizona-based company is targeting the start of construction either this December or January 2023.

AdventHealth’s two new medical office buildings

  • Cost: Roughly $30 million each, $60 million total
  • Description: AdventHealth will open a new three-story, 58,000-square-foot medical office building with an outpatient surgical center at 950 Rinehart Road in Lake Mary early next year and a new two-story, 36,000-square-foot medical office building will open at 5821 S. Williamson Blvd. in Port Orange in October. Both projects are located next to existing freestanding emergency rooms.

HCA Florida Poinciana Hospital expansion

  • Cost: $9.9 million
  • Description: HCA will build out 13,000 square feet of shell space in the hospital, expanding the hospital’s intensive care unit capacity from six to 12 bed and adding 18 inpatient beds to reach a total of 94. The project is expected to wrap up in spring 2023 after starting construction in May.

Orlando Health Center for Rehabilitation conversion

  • Cost: Not listed
  • Description: Orlando Health is establishing its first rehabilitation hospital in the region by converting the Orlando Health Center for Rehabilitation on the campus of Orlando Health – Health Central Hospital in Ocoee into a 54-bed inpatient facility. The hospital will have room to expand up to 100 beds in the future and is expected to start taking patients in 2023.

HCA Healthcare Inc.’s new Lee Vista emergency room

  • Cost: Not listed
  • Description: The Nashville, Tennessee-based (NYSE: HCA) health system filed plans with the city of Orlando for a 10,860-square-foot, one-story freestanding ER at 5597 Lee Vista Blvd. in Orlando, where it has a ground lease. A timetable for the facility to be built has not been announced yet.

 

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$37 Million Medical Facility Coming To The West Side Of St. Pete

BHSP ER Med Pav Crossroads Rendering 760x320

Residents on the west side of St. Petersburg will soon have easier access to medical care thanks to Bayfront Health’s new state-of-the-art, $37 million facility currently under construction in the Crossroads neighborhood.

City and county officials joined leadership from Bayfront Health St. Petersburg and its parent company, Orlando Health, on March 26 to commemorate the completion of the foundation for the new Bayfront Health Emergency Room & Medical Pavilion – Crossroads. The four-acre site at 1800 66th St. N. will feature a three-story, 42,000-square-foot facility with a 14,000-square-foot emergency room on the ground floor. According to a release, the emergency department will include 12 exam rooms, two resuscitation rooms, six waiting areas and an ambulance bay.

Bayfront Health purchased the property, formerly home to a Department of Motor Vehicles (DMV) facility, in March of 2021. After partnering with Ryan A+E, Inc. and the City of St. Petersburg on a master plan, construction crews broke ground on the site in February. After congratulating all of the project’s stakeholders, Pinellas County Commission Chair Charlie Justice joked that it was also a sad day due to his nostalgic memories of waiting at the former DMV for hours.

“In Pinellas County, we have 24 cities and nearly a million people,” he said. “We know nothing happens without good partners and partnerships, and healthcare for a million people in Pinellas County is also a partnership.

“We’re incredibly grateful for Bayfront Health expanding their reach beyond their scope to now come out to the west side.”

Deputy Mayor Stephanie Owens said her experience in several levels of government, including two presidential administrations, provided a broad perspective on a variety of issues – especially health care. The most important work, she said, takes place locally in communities like St. Pete and through projects like the Crossroads Medical Pavilion.

Owens said the ceremony was more than a celebration for a concrete foundation as it highlighted continued investment in the city’s communities.

“As our city continues to grow, so does the need for increased services,” she added. “It’s partnerships like this that make me excited for the future of the city.”

City Councilmember Copley Gerdes represents District 1, which encompasses the site of the future medical pavilion. He also grew up less than a mile away and said he could hit a golf ball to his current home. Gerdes reminisced of playing sports in the area with his family as a child, which provided many opportunities for minor injuries. He said his family would soon have a shorter distance to travel when seeking care for future mishaps.

Gerdes also noted the large construction site for a new development was an unaccustomed view for residents on the west side of the city and said he hopes it spurs further growth.

“I really have a belief that a building like this can be the anchor for continued development on the west side of St. Petersburg,” he said. “And the great part about that is … giving quality healthcare to our side of town, as well.”

Dr. Traci Ryan, medical director for Bayfront Health’s emergency facilities, told the Catalyst that the Bayfront Health St. Petersburg Emergency Room would provide emergency medical care for those living within a 10-mile radius of the site. She said the organization’s closeness with the surrounding community sets it apart from other healthcare providers, and she also noted that many employees grew up in the area.

Ryan said Bayfront focuses on fostering good relationships between its patients and providers and makes a conscientious effort to quickly move patients through its emergency facilities.

“Nobody wants to spend their day in E.R.,” she added. “Generally, our wait times at our freestanding (clinics) are five or 10 minutes, and you’re in and out in … 120 minutes to less than 90 minutes.”

Bayfront Health St. Petersburg has provided health services for the city since 1910, and officials expect the Crossroads Emergency Room & Medical Pavilion to open in the spring of 2023.

 

Source:  St. Pete Catalyst

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Two-Building Medical Office Portfolio In Ocoee Trades

10125 & 10131 W Colonial Dr in Ocoee

Cushman & Wakefield has brokered the sale of the West Orange Professional Center, a portfolio of two medical office buildings located at 10125 & 10131 W Colonial Dr in Ocoee.

The two-story buildings are located directly across the street from the Orlando Health – Health Central Hospital campus. The 38,537-square-foot portfolio was 88.2% leased with a weighted average lease term of over 5.5 years. The property was acquired by OrbVest and SG Property Services. OrbVest is a global real estate company focused on acquiring healthcare real estate assets across the United States.

Anne Spencer and John Skinner with the Florida Healthcare Advisory Practice in partnership with Travis Ives and Gino Lollio of Cushman & Wakefield’s US Healthcare Capital Markets Team represented the seller, Miami-based Larkspur Properties, in the transaction.

“Desirably located adjacent to a major regional hospital facility, the property was a unique opportunity to acquire a dependable income stream from an esteemed tenant roster combined with a value-add opportunity in the lease-up of vacant space,” said Ives, Managing Director. “During the seller’s ownership, several new tenants were signed to the property that increased the overall occupancy and stability of the asset. This building and location offers exceptional synergy across the healthcare landscape.” 

 

Spencer, Director said, “Ocoee is part of the greater Orlando MSA, one of the fastest growing regions in the country for its fantastic climate, affordable housing stock and abundance of shopping and employment opportunities. This growth has led to the rising need and demand from medical users, and therefore investors. The market for medical space on and around the property is nearly fully occupied, putting this asset in great position for further potential future success.”

Orlando Health – Health Central Hospital is a 211-bed, general acute care hospital that features nationally accredited programs in orthopedics, spine and heart care. In addition, the hospital recently completed a 30,000-sf cancer treatment facility.

 

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Orlando Health Acquires Leesburg-Based Medical Group

fhvhealth logo

Orlando Health has made its first acquisition of 2021.

The nonprofit health care system — which has $7.1 billion in assets and $4.5 billion in annual revenue — closed a deal to acquire Leesburg-based FHV Health for an undisclosed price. The multispecialty medical group has 19 physicians and 10 locations, including primary care, cardiology practices and urgent care facilities in Lake, Sumter and Marion counties.

The group’s new name is Orlando Health Medical Group FHV Health. The acquisition will expand its presence in those three counties and advance FHV Health’s ability to provide services to patients, said Dr. Jose R. Rosado, vice chairman, in a prepared statement. FHV Health was founded in 1991 by Dr. David Lew, who is chairman. Its specialties include cardiology, general surgery, endocrinology, kidney disease, urology and primary care.

The 3,200-bed Orlando Health system includes 15 wholly-owned hospitals and emergency departments, as well as speciality care across several categories. Nearly 4,200 physicians have privileges across the Orlando Health system, which has about 22,000 employees. In fiscal 2020, Orlando Health served nearly 150,000 inpatients and 3.1 million outpatients.

 

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

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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

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