The building is being constructed on a seven-acre parcel thatwas acquired from the Celebration Co. in 2007. It is the lastavailable lot in Celebration designated for medical office use thatis not affiliated with Florida Hospital, which is located in closeproximity. The Shermen Group has secured a $17-million constructionloan from Fifth Third Bank and has received all entitlementsrequired for the project, including special medical entitlements.The project is expected to be completed in November.

|

The Shermen Group managing partner Francis Jenkins tellsGlobeSt.com that the project is 25% preleased. Among signed tenantsare medical-related services, doctors' groups and surgery centers."We're not affiliated with a hospital which is attractive totenants that want to be located in the area but do not want to beaffiliated with a hospital," Jenkins says.

|

The general contractor for the project is Baltimore-basedWhiting Turner Contracting Co. Cooper Robertson & Partnersprovided the designs for the building, which will reflect theCelebration-modern architectural style and will be consistent withCelebration's architectural guidelines. The architect-of-record,locally based C4 Architecture, used Cooper's schematic drawings tocreate the design development and construction drawings for theproject. "Celebration Boulevard Medical Center will be a welcomeand healthy addition to the community of Celebration as well asOsceola County," says the Celebration Co. president Matthew Kelly."The plans complement the existing buildings along CelebrationBoulevard and the surrounding businesses."

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.