The $47.5 Million AdventHealth Medical Office In Daytona Is Almost Finished

Nov 30, 2023 at 06:53 am by Matt

AdventHealth is nearing completion of its state-of-the-art medical facility in Daytona Beach, representing a significant milestone in the construction process. The nonprofit health system, headquartered in Altamonte Springs, has successfully reached the pinnacle of its $45.7 million project, featuring a 60,000-square-foot medical office building and ambulatory surgery center. This three-story structure, developed in collaboration with Atlanta-based Meadows & Ohly, stands in close proximity to AdventHealth Daytona Beach and commenced construction in February.

The New AdventHealth Building

The construction of this new AdventHealth building holds substantial importance in the realm of healthcare development. Beyond providing enhanced healthcare infrastructure, such projects generate opportunities for contractors, vendors, and suppliers, while also contributing to job creation in the healthcare sector upon completion. The upcoming facility is designed to accommodate various medical specialties, as outlined in an official release:

Advanced Cardiac Rehabilitation

The first floor will house advanced cardiac rehabilitation, imaging services, and a surgical clinic dedicated to North Florida Surgeons.

The Cardiology Physicians Group will occupy a 20,000-square-foot clinic on the second floor.

The third floor will feature a 20,000-square-foot ambulatory surgery center catering to both medical groups and independent physicians.

Expressing enthusiasm about the collaboration, David Weis, president, and CEO of AdventHealth Daytona Beach, anticipates the facility becoming a central hub for cardiovascular and surgical care.

Complete In Spring 2024

Orlando-based HuntonBrady Architects serves as the architectural firm, while Birmingham, Alabama-based Brasfield & Gorrie takes on the role of general contractor. The project is scheduled for completion in the spring of 2024.

Meanwhile, a report from Colliers highlights robust demand in Florida for both medical office construction and healthcare-related investment assets. The state currently has over 3.9 million square feet of medical office building space under construction as of the third quarter of 2023. The report attributes this demand to factors such as Florida's growing population, an aging demographic, and a shift towards community-based outpatient treatment, making the medical outpatient sector an increasingly attractive investment asset.

Second-Largest Employer

In the Daytona market alone, construction activity encompasses more than 232,000 square feet in the third quarter. AdventHealth, with over 39,374 employees in Central Florida, holds the position of the region's second-largest employer according to research conducted by local sources. Established in 1908, AdventHealth's Central Florida division operates over 20 hospitals and ERs in the seven-county area in and around Orlando. The organization's hospitals and outpatient services collectively welcome more than 5.7 million patient visits annually, contributing to its national annual operating revenue exceeding $14.9 billion.

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