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Health Care-Centric, Mixed-Use Development In Fort Myers, Florida, Gains Traction With Land Deals

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More than three years after Hope Hospice and Community Services Inc. unveiled plans for a 46-acre, health care-centric development in Fort Myers, the mixed-use project has gained significant traction.

And with a trio of recent land deals involving more than one quarter of the total project, only five acres of Hope Preserve remain uncommitted. The three recent parcel sales, which sold for a combined $8.72 million, will result in three new medical office and physicians practices and a traditional office building.

Together, the new projects will contain 148,000 square feet of new commercial space. One of the new buildings, a two-story, 21,000-square-foot office building, will become the corporate headquarters for Stevens Construction Inc.

“Hope Preserve will allow us to be more central to all the areas that we serve,” says Mark Stevens, the company’s president. “And it’ll be a much more visible location for us. We’ve been in the same location for 16 years, and we love it there, but this was just a tremendous opportunity.”

The new 14541 Hope Center Loop quarters, which Stevens will own, will double its office footprint to 10,000 square feet. The balance of the space in the building will be marketed for lease by Fort Myers-based commercial real estate brokerage firm LSI Cos. Inc.

“The company plans to complete the building around the end of this year,” said Stevens.

Designed by Southview Studios, Stevens’ new offices will also contain a training room, indoor and outdoor team lounges, multiple bathrooms and a shower facility, conferences and offices that feature floor-to-ceiling glass.

Meanwhile, a second, medical office building also is slated for the 3.71-acre parcel that Stevens acquired for $2.1 million. There, Stevens intends to develop a 27,000-square-foot building. Completion is scheduled for late Spring of 2022. Radiology Regional has committed to lease the two-story building’s first floor, with LSI marketing the second floor.

Additionally, following its own $4.88 million land deal for 7.06 acres, Orthopedics Specialists of Southwest Florida intends to develop a building between 60,000 square feet and 80,000 square feet in Hope Preserve. Stevens is on tap to construct that building, as well, beginning sometime next year.

The final perimeter parcel of the project, at the intersection of Metro Parkway and Ben C. Pratt/6 Mile Cypress Parkway, was sold in mid-May to Hodges Mantz Properties LLC, an entity formed by a pair of Southwest Florida physicians.

Hodges Mantz paid $1.74 million for a 2.5-acre tract, which is zoned for a medical use, in Hope Preserve. LSI Cos. President Justin Thibaut and agent Christi Pritchett represented Hope Hospice, while VIP Realty Group’s Jack Liptak negotiated for the buyer.

The planned new buildings join The Preserve, a continuing care retirement community with assisted living, skilled nursing and memory care units, at Hope Preserve.

Thibaut notes that with the activity, only 5.1 acres remain available within Hope Preserve. Owner Hope Hospice, which acquired the property in 2010, also is likely to build a hospice house on the site eventually. The end-of-life, nonprofit provider today care for roughly 4,000 people daily.

At least one restaurant and a 124-key hotel also are planned for Hope Preserve. The hotel replaces 92 apartments that were originally envisioned for the development.

All of the activity comes as Gulf Coast Regional Medical Center is completing a $315 million, 275-bed expansion less than a mile away. Thibaut expects the hospital expansion’s draw to only intensify when it opens in the coming months.

“Hope Preserve is in a prime position for users who are looking to be near a major medical center,” Thibaut says. “There’s really been a resurgence of medical office users to areas where retailers traditionally would go.”

Stevens believes his growing firm and the growth at Hope Preserve will dovetail nicely. The company, which operates four offices in Fort Myers, Sarasota, Tampa and Orlando and specializes in health care and hospitality projects, currently has 39 separate projects under construction valued at $94 million, with another $152 million set to begin within the next year.

“The market in Southwest Florida is growing, and with projects that are in many cases are larger in scale and scope than ever before,” Stevens says. “That’s been especially good for us and allowed us to grow right on the targeted pace we’d set a couple of years ago. And with Hope Preserve, we’re just super excited to be on the ground floor of such a dynamic project.”

 

Source: Business Observer

Passavant Area Hospital Campus In Jacksonville To See $21 Million Expansion

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Ground will be broken today on a nearly $21 million expansion that will add 36,000 square feet to the Passavant Area Hospital campus and allow Springfield Clinic to expand its offerings in Jacksonville.

The Passavant Area Hospital campus

A two-story building will be attached to the northeast side of the hospital’s medical office building, which opened in June 2013 and has been the home to Memorial Physician Services-Jacksonville and Springfield Clinic.

“Springfield Clinic has wanted additional space so it can provide services to Morgan and surrounding counties. Springfield Clinic will lease all of the new space,” said Passavant Area Hospital President Scott Boston. “It will be increasing access for people in the community and not having them travel to Springfield,”

When the $20.6-million project is completed by fall 2021, Springfield Clinic providers will offer full-time coverage for cancer and family medicine services and part-time coverage in ophthalmology. These will be in addition to the numerous specialty providers already available in Jacksonville.

More laboratory services and an additional X-ray room will be provided and the additional office space will allow more Springfield Clinic specialists from Springfield to visit Jacksonville to see patients. Jen Boyer, vice president of operations for Springfield Clinic, said she was excited about the expansion of the clinic’s services.

“We currently have a heavy presence in the Jacksonville area. With this expansion, we’re able to have oncology services full-time in Jacksonville,” Boyer said.

Other specialties will include such areas as allergy, audiology, cardiology, dermatology, endocrinology, gastroenterology, nephrology, neurology, otolaryngology, plastic surgery, pulmonary, rheumatology, urology and vascular.

“With the expansion, providers will be able to better accommodate patients,” said Boyer. “Patients like — and are more comfortable when — they can stay within their own community. It’s important that the patients are pleased.”

The expansion was to be completed in the spring, but was pushed back because of the COVID-19 pandemic.

 

Source: My Journal Courier

 

 

Partners To Bring SCL Health Anchored Facility To Candelas Community

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Mortenson Development, Inc., the development arm of top-20 U.S. builder Mortenson, just announced it will soon break ground on a new 43,732-square-foot Class A medical office building at the intersection of West 91st Place and Candelas Parkway within the rapidly growing Candelas master-planned community in Arvada, Colorado.

Mortenson has worked closely with SCL Health to deliver more than 40 projects over the last decade. This marks the first project on which Mortenson will act as a developer/owner for the nonprofit healthcare organization.

“Access to quality healthcare has never been more important, and we’re proud to be working with SCL Health to bring this primary care facility to the Candelas community,” said Taber Sweet, Director of Real Estate Development with Mortenson Development, Inc. in Denver. “Acting as a development partner on a vital healthcare project like this is one of many ways Mortenson delivers value to its clients and invests in building stronger communities here in Colorado.”

The new two-story facility, designed by Davis Partnership Architects, will provide the Candelas community with convenient access to primary care physicians. Mortenson was responsible for site planning and design services for the development, including managing all entitlements and city approvals. The project team anticipates breaking ground on the new facility later this summer, with completion anticipated in summer 2021.

“With more than 4,300 new homes currently under construction in Candelas, we recognized the growing need for access to compassionate, high-quality and effective care in this community,” said Steve Chyung, Senior Vice President with SCL Health. “This project represents an important expansion of SCL Health’s network of care. Through our work with Mortenson, we look forward to delivering a new facility that will allow us to provide comprehensive, mission-driven care solutions in the heart of Candelas.”

SCL Health provides coordinated care through eight hospitals, more than 150 physician clinics, and home health, hospice and mental health and safety-net services primarily in Colorado and Montana.

Mortenson partnered with Seavest Healthcare Properties LLC in a joint venture to develop the project. Seavest is a sector-specific investor focused on investing in medical office buildings and outpatient facilities of all types that are strategic to hospitals. Seavest has been a recognized owner and manager of these critical assets for more than 30 years.

“We are pleased to join with Mortenson to assist SCL Health to bring healthcare services to Candelas,” says Jonathan “John” Winer, Seavest Senior Managing Director and Chief Investment Officer. “Mortenson has done a terrific job of designing and planning for the project and we look forward to getting in the ground shortly.”

Associated Bank provided the construction financing loan totaling approximately $9.6 million. Since 2012, Mortenson Development, Inc. has partnered on the development of nearly 700,000-square-feet in the healthcare space.

 

Source: HREI