60,000 sf Health Pavilion and 180 Unit Senior Housing Campus

About Dr. Phillips

Dr. Phillips, Inc. was once one of the largest citrus producers in the US. After the sale of the citrus business to Minute Maid in the late 1950s, many of the properties were retained and converted into various market-rate offices, warehouses, and industrial properties. Known as “Legacy” properties, they serve as the core assets of Dr. Phillips Inc. and the source of contributions to Dr. Phillip’s Charities. Dr. Phillip carefully fostered the growth of their legacy properties while also generously giving back to the community in the form of school sites, libraries, park space, art centers, and hospitals to become one of the largest income property owners and oldest philanthropic foundations in Central Florida.

About Spring Lake

While the legacy properties continue to serve them well, the challenge of modernization was emerging as a major initiative that required attention. DP had become seasoned property managers, but real estate development was not a core area of their business.

The initial venture into development was Spring Lake, a 26-acre site in the heart of the Dr. Phillips community. It was vacant land that required a thorough evaluation of its potential uses. Although the canvas for ideas was open, Dr. Phillip’s directive was clear. It must serve and enhance the surrounding community in ways consistent with the charity’s mission while achieving the return on investment needed to advance its charitable initiatives.

About SCA’s role

In 2013, SCA was engaged to lead the early feasibility and develop a working plan for the property.

SCA led an integrated development process beginning with market analysis, property due diligence, project conceptualization, and early proforma models. Working with leadership, the direction was further refined to focus on senior housing and medical support care. Early master planning worked to collocate the uses in ways that were complementary and functional. The final master plan included 180 rooms of mixed acuity senior care with a 60,000 SF. medical office building. The next phase of the assignment included selecting operating partners, financial structuring, all aspects of design & engineering, and entitlement matters.

Harbor Retirement was selected to develop and manage the senior housing and Orlando Health would occupy the MOB. The final phase of SCA’s assignment included co-management of construction oversight and delivery.   

Spring Lake was a critical launch into the development space and SCA was proud to have led the advisory role to the project’s successful completion as the first new investment property added to DP’s portfolio. Today, Spring Lake provides the Dr. Phillips community with essential senior care and medical services and the transformation of a vacant land parcel into a $90,000,000 income producing asset.