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2 big developments planned near Oviedo Medical Center

Just north of the under-construction Oviedo Medical Center sit two planned developments that will supply medical offices and also hotels and apartments.
Just north of the under-construction Oviedo Medical Center sit two planned developments that will supply medical offices and also hotels and apartments.

Oviedo is on the cusp of significant development, as builders piggyback off the under-construction Oviedo Medical Center and also plan to add to the area's lodging.

Two proposed developments across the street from each other on Oviedo Mall Boulevard, between SR 426 and SR 417, are heavy with medical service buildings while also containing plans for hotels and luxury apartments.

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"The hospital is the big thing creating interest," said Marc Massar, manager of Crescendo Resourse Group LLC, which owns and is selling off 12.5 acres of vacant land next to the hospital site.

"But there is room for other types of projects," Massar said.

The comments follow last month’s groundbreaking for the Oviedo Medical Center, a 64-bed acute-care hospital that will be added to the Oviedo ER that operates at the site, at 8300 Red Bug Lake Rd.

The $109-million medical center is expected to create 200 jobs with an average salary of $58,000. Part of the large HCA chain, the Oviedo facility is expected to open in the first quarter of 2017.

Crescendo has sold 4.5 acres of its 12.5 acres to a group of doctors that plan three buildings totalling 40,000 square feet. The buildings' site plans are currently being reviewed by Oviedo city planners and the aim is to have the structures open by the time the hospital does.

Also planned for the Crescendo property are three parcels that will probably end up being restaurants, hopefully locations for hospital employees and medical office staff, Massar said.

Crescendo is also negotiating with lodging operators to put a hotel on the property. The building would sit on a 2.5-acre parcel and be four or five stories.

Crescendo LLC began buying the land in 1989 and after a series of purchases totalling $1.7 million, and has amassed what turned out to be a prime property in proximity to a hospital, Massar said.

And a big reason Crescendo is selling now is that facility, Massar said.

Across the street, The Dwell at Oviedo is planned on 25 acres.

Like the Crescendo land, The Dwell has set aside plenty of property for medical office use—100,000 square feet.

The Klein Co. of Philadelphia is overseeing the project which is in the process of being reviewed by Oviedo planning staff. Representatives of the Klein Co. did not return phone calls requesting comment.

Aside from a medically related building, Klein Co. has been mainstream -- submitting to Oviedo a proposal for four story luxury apartments that will contain a total of 300 units. The Klein Co. also has submitted plans for a 108-room hotel and a 100,000-square-foot office parcel.

Have a tip about Central Florida development? Contact me at ktalley@growthspotter.com or (407) 420-5176. Follow GrowthSpotter on FacebookTwitter and LinkedIn.

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