The Law Offices of John Caravella, P.C. does not own this content. This content was created by David Dorsey and Nicholas Karsen, and was published to WINK.
Southwest Florida is in the midst of a population boom, and with more people comes the need for more services, especially medical services. Gulfshore Business editor David Dorsey explains why medical offices are the next big construction “boom” for Southwest Florida.
Stevens Construction has cornered the market on medical construction at Hope Preserve, located by the corner of Metro Parkway and Six-Mile Cypress, where medical offices have become the next big thing.
Stevens Construction built its own headquarters here, the radiology regional, orthopedic specialist and is in the process of building a surgery center.
The construction company is hoping to build a hotel and perhaps even more medical office space.
CEO Mark Stevens told Gulfshore Business that the construction is the easy part, as most supply chain issues have been resolved.
“But the challenge now is the banking. Interest rates have more than doubled in the last year or so,” said Stevens. “Just making the numbers work, for the first time in a long time, we had a project that actually didn’t appraise for what the cost was. Appraisals have not quite caught up with the real cost of things.”
Single-family home construction by builders both large and small, is still booming across the region, especially in Northwest Cape Coral and Charlotte County.
More people mean more medical needs, which is why Stevens invested in buying more land at Hope Preserve.
“It’s a really unique and difficult piece to develop,” said Stevens. “I got excited about that opportunity because I know how I want to develop that to compliment what’s already here.”
To read more at Gulfshore Business, click here.
John Caravella, Esq
John Caravella Esq., is a construction attorney and formerly practicing project architect at The Law Office of John Caravella, P.C., representing architects, engineers, contractors, subcontractors, and owners in all phases of contract preparation, litigation, and arbitration across New York and Florida. He also serves as an arbitrator to the American Arbitration Association Construction Industry Panel. Mr. Caravella can be reached by email: [email protected] or (631) 608-1346.
The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Readers of this website should contact their attorney to obtain advice with respect to any particular legal matter. No reader, user, or browser of this site should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client relationship between the reader, user, or browser and website authors, contributors, contributing law firms, or committee members and their respective employers.
The Law Offices of John Caravella, P.C. does not own this content. This content was created by David Dorsey and Nicholas Karsen, and was published to WINK.