$508 Million Development in Merritt Island

vscre  /   March 15, 2023

Merritt Island Hospital and Wellness Village

According to Florida Today, Health First Inc. will commence construction on an expansive new hospital and wellness village off State Road 520 on Merritt Island this year. Health First Inc. anticipates opening the site’s doors as soon as 2025. This development project will stimulate the local economy by creating over 1,000 new jobs in the Merritt Island area. The 15-acre wellness village will be comprised of spaces and amenities such as medical offices, restaurant and retail space, an education center, a spa, a fitness center, a daycare center, and a parking garage.

Photo Source, Health First

New Opportunity Blossoms

News of this upcoming development has created a great opportunity for potential investors. This medical office building at 215 Cone Road, Merritt Island, FL 32952 is conveniently located within a 0.5-mile radius of the hospital and wellness village site plan. Tenants at this location will benefit greatly from the $508 million investment in the surrounding area. The property is for sale at a listing price of $2,895,000 and currently hosts reputable tenants such as The Cancer Center of Brevard.

Lobby at 215 Cone Road | Photo Source, LoopNet

215 Cone Road is located within a 0.5-mile radius of the Merritt Island Wellness Village

Town Square Office Complex

The impact of this upcoming development project will initiate a chain of growth throughout the local area. A five-minute drive from the forthcoming Merritt Island Wellness Village, Town Square Office Complex also offers proximity to a robust economic base consisting of the Kennedy Space Center, Boeing, Blue Origins, SpaceX, and Lockheed Martin. This property offers a high traffic count, excellent visibility, and access to busy affluent submarkets on Barrier Island. Town Square Office Complex serves as an excellent option for tenants who would like to capitalize on the continuing waves of economic growth in the area.

Town Square Office Complex | Photo Source, VSCRE

Town Square Office Complex is a short drive from the Merritt Island Wellness Village

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