The Commons Park Medical Office Project In Jacksonville Breaks Ground

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The developers of Commons Park, a medical office project in Campfield Commons in Jacksonville, announced Aug. 18 it has broken ground.

Commons Park is a partnership of Meek Development Group and JJM Realty Partners through 9084 RG Skinner PKW LLC.

The project comprises two one-story buildings totaling 13,980 square feet at RG Skinner Parkway, Anne Eliza Road and Lamb Tail Lane. It is planned for completion in the first quarter of 2023.

The property is next to Woodspring Suites near Interstate 295 and Baymeadows Road East.

Meek Development Group CEO Craig Meek said in a news release he worked with JJM Realty Partners President Jim Maurer 23 years ago on the conversion of Philips Highway Plaza into what is now called San Marco East Plaza.

 “Jim understands the Jacksonville market well, which allowed him to quickly see the merits of the location and the demand for new medical office product,” Meek said.

  “Jacksonville’s Healthcare industry has benefited from migration trends to southern states,” Maurer said in the release. “Its population growth has boosted demand for medical office space, which has a current inventory of primarily older vintage products with very little availability.”

The city is reviewing permit applications for two shell buildings at a job cost of $1.4 million on 1.78 acres.

 

Source: Jacksonville Daily Record

New Clermont Project With Restaurants, Shops, Medical/Office Space In The Works In Florida

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A 16-building, mixed-use project with roughly 100,000 square feet of retail, restaurant and medical/office space is in the works for a fast-growing Lake County corridor.

Winter Garden-based Schmid Construction Inc. is the applicant and developer behind the Cross Ridge Exchange project, to rise on 11.3 acres along U.S. Highway 27 in Clermont.

Schmid Construction Principal and CEO John Schmid confirmed to Orlando Business Journal that the firm has the land under contract from Lake Wales-based Lost Lake Reserve LC and will be the general contractor for the $14 million project.

Cross Ridge Exchange will rise nestled between an existing BJ’s Wholesale Club and Walmart Supercenter.

“That’s really the strength of the project,” Schmid said, referring to the location.

The development will feature at least 50,000 square feet of retail and restaurant space across nine buildings closest to U.S. 27, in addition to at least 39,000 square feet of medical/office space across eight buildings toward the property’s back end, along Cross Ridge Road.

Building sizes are not yet final, and Schmid said they are pursuing permission for up to 115,000 square feet to have some buffer if the project needs to be larger.

Cross Ridge Exchange was given approval from Clermont’s planning and zoning commission earlier this month and next will go before its city council for its conditional-use permit.

Schmid said site work may start within the next few months and the goal is for vertical construction to begin in the first quarter of next year, with an anticipated delivery by the end of 2023.

Schmid Construction will serve as general contractor, and subcontractor opportunities will be available. Opportunities for site work may be put out to bid within the next few months and construction opportunities should be put out to bid early next year.

Orlando-based First Capital Property Group is handling leasing for the development, with senior sales and leasing associate Trey Gravenstein telling OBJ it has attracted good activity and two letters of intent so far after going live July 27.

 

Source: OBJ

CVS Plans To Get Into Primary Care By The End of 2022

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CVS just said that it plans to acquire or take a stake in a primary-care company by the end of the year, as competition heats up with Amazon and Walgreens.

 “The company wants to team up with a provider that has a strong management team and tech background and the ability to grow quickly,” said CEO Karen Lynch on the company’s second-quarter earnings call

CVS, best known for its many drugstores, has touchpoints across the health-care industry. It has acquired insurer Aetna and pharmacy benefits manager Caremark. Customers can get vaccines or urgent care at MinuteClinic outposts inside of its stores. And the company keeps adding more health services to those locations, too — it recently introduced therapy for mental health at some stores.

CVS doesn’t yet have doctor offices where patients can go for an annual checkup or appointments with a physician or nurse practitioner, though.

“CVS wants to change that by buying or partnering with a company.” said Lynch at an investor day last year.

At the time, Dr. Alan Lotvin, executive vice president of CVS Health and president of CVS Caremark, said he envisioned CVS standing out in primary care. The company wants to offer longer hours at its doctor offices so people can visit as early as 6 a.m., as late as 9 p.m., or on the weekends. It also wants to utilize simple, streamlined tech, so customers don’t have to fill out piles of paperwork.

Other health-care players have already made moves in the space. Rival Walgreens Boots Alliance is opening hundreds of doctor offices in partnership with VillageMD and became the majority owner of the company. Walmart has a small, but growing number of clinics where people can visit a doctor, dentist or therapist for a low price.

Amazon ratcheted up pressure by announcing last month that it would acquire primary-care provider One Medical for about $3.9 billion. The boutique health-care company has 188 medical offices across 25 markets, according to its latest quarterly results.

“CVS has a competitive edge with the size of its business,” Lynch said. “Nearly 4.8 million customers interact with the company each day at CVS locations. MinuteClinic visits increased 12% in the second quarter. CVS can build from the strong foundation that we already have.”

 

Source: CNBC