Despite the rumors to the contrary, the project known as Medical Village at Lake Nona is a true "phoenix rising from the ashes" story within the medical real estate world. The project faced a variety of challenges from losing tenants for various business reasons, to construction funds being exhausted in the summer of 2017. To all involved, the future of Medical Village at Lake Nona seemed bleak.
While under contract, one of the original partners found an investor to help the property, and the holding company for Medical Village at Lake Nona changed hands. This much needed change breathed new life into the project including $2,000,000 in new capital to complete it. With a new energy surrounding Medical Village at Lake Nona, it wasn't long before the building was fully leased.
In 2018, the fully operational Medical Village at Lake Nona was purchased by an investment group out of South Florida that specializes in managing medical properties across the United States.