Tennessee-based Community Health Systems is considering plans for a new emergency care facility on 4.2 acres the company recently purchased in southwest Orange County, near the Four Corners intersection.
CHS affiliates own, operate or lease 158 hospitals across 22 states, including the St. Cloud Regional Medical Center among 24 in Florida. An LLC affiliate bought the property on Bali Boulevard for $2.3 million, according to a deed signed Feb. 28 and recorded Monday in Orange County.
Tailwinds bought the property from Branch Banking & Trust Co. for $701,000 in March 2014. The bank had acquired the property through foreclosure.
"We bought it with the intention to develop it, but an offer was made that we couldn't say no to," Tailwinds president James Gendreau told GrowthSpotter on Wednesday. "I'm sure at some point we could have put a pharmacy or some retail on the site. But they were a first-class company to deal with. I think it will be a great development for them."
Gendreau said Tailwinds will likely reinvest its proceeds from the sale locally.
"We are working on multiple developments throughout Central Florida," he said. "We're going to continue doing that, building shopping centers, and most of that will be in Central Florida."
Orange County records show that on Feb. 1, CHS affiliate Haines City HMA filed a zoning verification letter with the county to affirm a free-standing emergency room facility could be built within this site's Planned Development zoning.
No further plans or requests have been filed with the county, as of Wednesday. CHS did not respond to requests for comment.