Orlando Health has entered into a contract with EHOF Acquisitions II, LLC for the purchase of approximately 25 acres in northwest Osceola County. The property lies immediately adjacent to the east side of I-4 along Osceola Polk Line Road with a physical address listed as 8011 Osceola Polk Line Road, Davenport, FL.
"We are still developing specific plans for use of this property, but we know our presence at this gateway location will provide a new opportunity for Orlando Health to serve the community," said Matt Taylor, AICP, vice president of asset strategy for Orlando Health. "This superior site, just south of Central Florida's bustling tourist corridor and southeast of the fast-growing Four Corners area, will make possible new healthcare options for the thousands of residents, employees and visitors in the region and, we expect, expanded future employment opportunities."
The property is part of a larger 108-acre mixed use development project called Reunion Village that is owned by Encore Capital Management, master developer of Reunion. The mixed-use project will feature three upscale dining locations, one multi-tenant retail building and 300 home sites.
"We are excited to be partnering with Orlando Health to bring high-paying jobs and quality healthcare to this thriving area," said Art Falcone, Managing Principal of Encore Capital Management. "With the mix of vacation rentals, homes, specialty retail and dining, Reunion is poised to bring unprecedented economic growth to Osceola County."
Orlando Health plans to close on the purchase of the property by early 2019 as master development and infrastructure activities proceed, beginning later this fall.