Nemours, Tavistock Reach Deal on Parcel for Lake Nona Medical Campus
Nemours Enterprise
Friday, January 25, 2008 @ 06:12 PM EST
ORLANDO, FL - Nemours has entered into an agreement with Tavistock/Lake Nona Property Holdings, LLC, for the purchase of 60 acres of land. The parcel is located within the proposed medical city of Lake Nona and will serve as the site for an integrated pediatric health campus, to include the Nemours Orlando Children’s Hospital and children’s outpatient clinic. This will position Nemours’ campus in close proximity to the UCF College of Medicine, Burnham Institute and new Veteran’s Administration Hospital.
“We are thrilled to have Nemours back in the medical city giving greater strength to the region’s new economy,” cites Rasesh Thakkar, senior managing director of the Tavistock Group. “The close collaboration between Nemours, Lake Nona and other outstanding partners already within the medical city will yield many wonderful benefits.”
"There are compelling synergies that come together when major institutions sit in close proximity to each other,” added Jim Zboril, President of Lake Nona. “It allows for world class collaborative programs and services such as joint marketing, workforce housing, comprehensive transportation plans, government advocacy efforts and child care programs to name a few.”
In addition to its location, which will enable the pediatric health organization to leverage these synergies, the Lake Nona site is substantially ready for development. “We are very pleased with the new location and terms of the agreement that allow us to locate our children’s hospital within immediate proximity of our partners,” noted Nemours President and CEO David Bailey, MD, MBA. “Both the Lake Nona and Boggy Creek sites offered advantages. However, the Boggy Creek property is an undeveloped parcel, which requires greater infrastructure, development and time for changes in zoning. These issues were mitigated with the refined offer presented by Tavistock, allowing us to steward our resources and time in the best way possible for the children of Florida.”
View Illustrated Plan with VA and Nemours
About Lake Nona
Lake Nona is a thoughtfully-designed 7,000-acre master planned community within the city limits of Orlando that will be home to world-class education, medical and recreational facilities, a science and technology park, diverse workspaces, retail centers, entertainment choices and residential options for all types of people seeking the very best the city has to offer with all the conveniences of living within a dynamic, vibrant community. Lake Nona is being developed by Lake Nona Property Holdings, owned by Tavistock Group, a private investment company with a broad portfolio of assets around the world. For more information on Lake Nona, visit www.learnlakenona.com.
About Tavistock Group
Tavistock Group is a private investment company founded by Joe Lewis. The company has grown to encompass a broad portfolio around the world including life sciences, sports teams (Tottenham Hotspur Football Club) and sporting events (The Tavistock Cup), manufacturing (Bristol Motor Cars) and distribution (Puma, Gottex, Vans), oil and gas, financial services, restaurants (California Café, Napa Valley Grille), private luxury residential properties and master planned real estate development.
Private club communities include Isleworth and Lake Nona Golf & Country Club both located in Orlando, Florida. Lake Nona forms a cornerstone holding to the Group’s current innovative, 7,000-acre mixed-use development plan highlighted by a life sciences cluster known as “Lake Nona Medical City.” Tavistock Group and its partners, Tiger Woods and Ernie Els, have recently broken ground on Albany, a luxury resort-style community on the island of New Providence in The Bahamas. Albany will feature a broad array of amenities for all members of the family including an Ernie Els designed 18-hole championship golf course and an 88-slip mega-yacht marina flanked by luxury apartment homes designed by some of the most respected architects in the world.
Tavistock Group also announced its partnership with the Jamaican government’s Harmonization Ltd. to jointly plan and develop 2,350 oceanfront acres on the country’s northern coast in Trelawny Parish. The development is designed to reclaim the age of luxury in Jamaica and will include several hotels, gaming lounge, golf courses, retail shops, restaurants and marinas making it the definitive premier resort destination in the Caribbean.
For more information on Tavistock Group, visit www.tavistock.com.
modified: Friday, January 25, 2008 @ 06:10 PM EST
created: Friday, January 25, 2008 @ 06:10 PM EST
About Nemours
Nemours, one of the nation’s largest pediatric health systems, is dedicated to achieving higher standards in children’s health. Nemours offers an integrated spectrum of clinical treatment coupled with research, advocacy, and educational health and prevention services extending to all families in the communities it serves. Starting with Alfred I. duPont’s bequest over seventy years ago, Nemours has grown into a multi-dimensional organization offering personalized clinical and preventive care focused on children.
Nemours owns and operates the Alfred I. duPont Hospital for Children in Wilmington, Delaware and major children’s specialty clinics in Delaware (Wilmington), Florida (Jacksonville, Orlando and Pensacola), Pennsylvania (Philadelphia and Bryn Mawr) and New Jersey (Atlantic City and Voorhees). Having recently received preliminary approval from the State of Florida, Nemours will establish a new full-service children’s hospital as part of an integrated pediatric health campus in Orlando. KidsHealth.org, the world’s most visited pediatric health care Web site for parents, kids and teens, is a project of Nemours.
Nemours employs over 4,400 individuals, including 430 pediatric physicians, specialists and surgeons who cared for approximately a quarter of a million children in 2007. The organization’s goal is to align with parents, physicians, community leaders, children’s advocates and elected officials to ensure optimal wellness for every child. Additional information about Nemours can be found at www.nemours.org.
