DEVELOP
60,000 SF HEALTH PAVILION AND 180 UNIT SENIOR HOUSING CAMPUS
Dr. Phillips
Charities is one of the largest landholders in
Central Florida and also one of its most generous benefactors. Using the
revenue from their income-producing properties, DPC has granted over $160
million to charitable initiatives throughout the region.
In
2013, DPC set out to develop a 26 acre in-fill site in the heart of the Dr.
Phillips community in a way that would enhance the surrounding community while
achieving the return on investment needed to advance their charitable
initiatives. They turned to SC Advisors.
SCA
launched a comprehensive feasibility study including a site analysis,
exhaustive market and trend studies, and pro forma business and development
models. What emerged was a vision for a high end senior housing complex and a
health pavilion housing multiple medical disciplines, many of them related to
senior care.
Once
DPC’s leadership approved the plan, SCA proceeded with site planning, use
permitting, building design and possible deal structures. We then guided DPC
through the selection of senior housing and health care partners and helped
negotiate their terms and agreements
Upon
successful completion of the pre-development work, SCA was retained to provide
Developer’s and Owner’s Representative Services for the design and construction
of the 60,000 sf Spring Lake Health Pavilion and 180-unit senior housing
campus.
Ground
was broken in late 2015 and the project is on its way to a successful
completion.
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