The University of Central Florida’s College of Nursing has outgrown its current location in Research Park and the school wants to build it a new home in #Lake Nona.
#UCF faculty members are seeking approval on May 24 for a concept that will lead to a potential operating lease arrangement for a future Health Sciences and College of Nursing building near the existing College of Medicine.
The change is part of UCF’s plan to create several new colleges by July 2, including an Academic Health Sciences Center and the College of Health Professions & Sciences at Lake Nona, which eventually will include the College of Medicine and the College of Nursing. The goal is to help better organize the campuses to connect students with employers from industries in which they are earning degrees.
A presentation submitted by UCF College of Medicine Dean Dr. Deborah German and UCF College of Nursing Dean Mary Lou Sole says the UCF Real Estate Foundation will sell one of 50 acres of Lake Nona gift land to Alter+Care at fair market value for the project. Alter+Care is an existing partner with UCF that develops and finances health care, educational and outpatient facilities.
The proposed plans say Alter+Care would provide an operating lease for a Health Sciences and College of Nursing building adjacent the College of Medicine.
Alter+Care would design, build and finance a 150,000-square-foot building, with 90,000 square feet for College of Nursing and 60,000 square feet reserved for expansion and future Academic Health Sciences Center use, documents showed.
In exchange, UCF would offer a 25-year lease with renewal options for $17 per square foot, or $2.6 million. UCF will maintain the building, which the university estimated will have $1.5 million in operating expenses.
If the UCF Board of Trustees approves the plans, the next step is for Alter+Care to create schematic drawings of the building and develop the final terms of the operating lease.
- Develop of schematic drawings and complete due diligence: June-October 2018
- Finalize operating lease terms: October-December 2018
- #Construction to start: January-June 2020
- Targeted opening date: Spring semester 2022
The College of Nursing has nearly 3,000 students across three campuses, and colleges are being encouraged to produce even more as the state expects a shortage of 50,000 registered nurses by 2025, according to UCF.
The new college building would join the nearby UCF and Hospital Corp. of America’s (NYSE: HCA) 100-bed teaching hospital, which will be built in Lake Nona and open in 2020.
It also would pair nicely with the existing Sanford Burnham Prebys Medical Discovery Institute’s Lake Nona facility, whose assets UCF is seeking to take over and turn into a cancer research center.
“A campus containing all of UCF’s health-related programs will move #Medical City one step closer to becoming a global destination for education, research and patient care — the Johns Hopkins of the future, only better,” German previously said regarding UCF’s plans to establish an Academic Health Sciences Center in Lake Nona.