Tampa's healthcare landscape has recently expanded with the opening of a new $31 million 115,000 square feet of Class A medical office space on eight floors and is presently 98% leased. This state-of-the-art facility is designed to meet the growing demand for healthcare services in the region and enhance patient care.
Project Overview
The new 115,000 square feet facility is located at 2727 West Dr. Martin Luther King Jr. Boulevard, Tampa.
Key features of the project include:
Modern medical suites: Designed to accommodate various specialties including primary care, pediatrics, and orthopedics.
Outpatient services: Focused on providing comprehensive outpatient care.
Advanced technology: Equipped with the latest diagnostic and treatment technologies.
Sustainable design: Incorporating energy-efficient systems and materials.
Economic Impact
The new medical office building is expected to create approximately 250 construction jobs during its development phase and around 175 permanent positions once operational. This project represents a significant investment in Tampa's healthcare infrastructure and local
economy.
Timeline and Development
Construction began in January 2024, with an official opening held in March 2024. The development was led by Healthcare Realty Trust, a well-known firm specializing in healthcare real estate.
"This facility will provide essential services to our community while creating jobs and supporting local economic growth." - Stanley Bell, CFO at Florida Medical Space
Market Implications
The new medical office building reflects the ongoing trend of healthcare providers investing in modern facilities to improve patient experience and operational efficiency. It also highlights the strong demand for medical real estate in Tampa, driven by population growth and an aging demographic.
For more information on medical real estate opportunities in Florida, contact Florida Medical Space today.
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