University Of South Florida Moving Forward With New Life Sciences Building

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The University of South Florida (USF) will be moving forward with construction of a new mixed-use lab and office project for the University of South Florida’s Research Park, located on USF’s campus in Tampa.

The total cost of the project is $42 million.

The three-story life sciences building will house 120,000 square feet of office and lab space within USF’s Research Park, complete with ground-floor retail and dining options. Designed by architecture firm Gensler, the expansion of the research park will strengthen the university’s life sciences and technology ecosystem. Upon the project’s completion estimated for fall 2021, the capacity of the research park will be expanded by more than 30 percent.

 

Source: School Construction News

Orlando Health Furthers Presence In Osceola County With The Purchase Of St. Cloud Medical Regional Center

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Orlando Health, a household name in the region’s health care community, which also opened a stand alone ER facility on Osceola Parkway in 2019, just completed its purchase of St. Cloud Regional Center.

Community Health Systems, St. Cloud Regional’s majority owner, announced that it signed an agreement to sell its ownership interest in the 84‑bed facility and its associated healthcare operations to a subsidiary of Orlando Health.

The purchase includes both St. Cloud Regional and St. Cloud Medical Group. The transaction is expected to close this summer.

“We’ve watched Orlando Health as they’ve grown and developed in their services for a larger region and we’re proud of our affiliation,” St. Cloud Regional CEO Brent Burish said. “St. Cloud Regional Medical Center is an important part of our community and our patients can continue to count on us to provide safe, quality care.”

Mr. Burish, who has been CEO of St. Cloud Regional for a little over six years, is credited for  large-scale growth and modernization at the hospital, as well as placing a large emphasis building community partnerships in the greater St. Cloud community.

It’s been a  year of positive headlines for the St. Cloud Regional Medical Center, which is set to open its new 50,000 square foot, two-story addition of space for primary care, specialist offices, a walk-in clinic and retail pharmacy this summer.

Orlando Health is a not-for-profit healthcare organization with $5.6 billion of assets under management, with nearly 450 locations across nine Florida counties. That includes 13 wholly-owned or affiliated hospitals and emergency departments; rehabilitation services, cancer centers, heart institutes, imaging and laboratory services, wound care centers, more than 300 physician offices for adults and pediatrics, and 11 partnered urgent care centers.

In fiscal 2018, Orlando Health served approximately 167,000 inpatients, more than 2.7 million outpatients, and more than 20,000 international patients. The highly respected organization has the area’s only Level One Trauma Centers for adults and pediatrics, and its teaching hospital system offers both specialty and community hospitals. Nearly 3,600 physicians have privileges across the system, and is one of Central Florida’s largest employers with nearly 20,500 employees.

Orlando Health provides more than $620 million in total value to the community in the form of charity care, community benefit programs and services, community building activities and more.

 

Source: Positively Osceola

Developer Plans Medical Offices Near Future Cleveland Clinic Site In Palm Beach County

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A property down the street from a future Cleveland Clinic Florida medical facility in Palm Beach County could be developed as medical offices.

Everett “Rett” Waldman, head of Wellington-based Folkstone Properties, said the Quartet Medical Offices would be the latest in a series of for-sale medical offices he’s been building in the area.

“There are many medical providers seeking to own their spaces because it’s less expensive than renting,” Waldman said.

Everett “Rett” Waldman, head of Folkstone Properties, wants to build medical offices at 8475 Lake Worth Road in Palm Beach County.

The 1.61-acre site, at 8475 Lake Worth Road, is owned by 8475LWR LLC, controlled by Waldman. Located at the northeast corner of Blanchette Trail, the property has a single-family home. The proposed land use amendment could change the site from “single-family residential” to “commercial – medical office.” This would allow up to 24,472 square feet, but Waldman said he intends to construct four medical office buildings totaling 10,000 square feet.

A few blocks to the west, Cleveland Clinic Florida has plans for a major medical center on a 35.4-acre site. There’s also a new community by Pulte Homes nearby.

“I’m selling the opportunity to be at the corridor next to Cleveland Clinic and 1,600 homes,” Waldman said. “I’m sure Cleveland Clinic will have a ton of on campus office space that doctors with privileges there will lease from them. I want the doctors who don’t need privileges at the hospital, but want to be in the medical corridor.”

The developer is also seeking a waiver to sell the four buildings “fee simple,” which usually isn’t allowed on parcels less than 3 acres. Waldman recently built and either sold or rented seven medical office buildings around Wellington and Royal Palm Beach.

“Medical office users like buildings between 2,500 to 3,500 square feet that they don’t have to share,” Waldman said.

Brian Terry of Insite Studio represents the developer in the application, which will require County Commission approval. A specific site plan would be required at a later date.

The developer acquired the property for $450,000 in 2018.

 

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