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Orlando Health pays $14.4M for Reunion Village anchor spot

Orlando Health pays $14.4M for Reunion Village anchor spot
Orlando Health paid $14.4 million for 28 acres in Reunion Village, a planned mixed-use community at the I-4 - ChampionsGate interchange. (Red Huber/Orlando Sentinel)

Orlando Health paid $14.4 million on Tuesday for nearly 28 acres to build a future healthcare campus in Reunion Village at the C.R. 532 interchange at Interstate 4.

The deal was first reported in GrowthSpotter in July 2018 following the joint announcement by the nonprofit hospital company and and Encore Capital Management, master developer of 106-acre mixed-use community.

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Encore had initially envisioned Reunion Village as a lifestyle center to serve the booming ChampionsGate/Reunion market with national retail and upscale restaurants. When Orlando Health signed on, they radically changed up the development plan to accommodate a potential hospital site or free-standing emergency department with complementary medical offices and other uses.

Hospital spokeswoman Kena Lewis said the final use hasn't been determined yet for the site. Encore entitled the property for a future hospital.

The site is in a hotbed of new development activity, with Encore still actively building at Reunion Resort and planning another 300 homes at Reunion Village and Lennar adding nearly 2,000 more homes to ChampionsGate.

Thousands of new apartments are also in the pipeline, with construction underway across the street at Blackwater Crossings, Legacy Union Park and Verso by Garrett Company. RIDA is also building new apartments in ChampionsGate, and DeBartolo Development is wrapping up construction of Haven at Reunion.

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407) 420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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