Medical building fate on sick list
FRISCO – The doctors group that wants to build a new medical office building next to the new hospital now under construction, is finding that first it must find a new fate for its old building on Summit Boulevard.Dennis Flint, spokesman for the doctors, said while the current Summit Vista Professional Building is an attractive piece of real estate, it is hampered by several “warts” that are preventing a sale.Among the property’s attributes is that it’s waterfront, bordering the recreation path, Ten Mile Creek and Dillon Reservoir.The financial note on the building requires that it be sold before proceeding with new construction, Flint said. That could be a major obstacle to build the envisioned medical office building next to the new St. Anthony/Centura Health hospital being built behind the County Commons, southeast of Frisco.The main problem is that while the doctors own the building, the ground underneath – 3.8 acres – is owned by the St. Anthony/Centura Health organization, operators of the old Summit Medical Center behind the Summit Vista building.”We have the ability through doctor groups represented in the consortium to finance the new building but it’s being made more difficult by the existing note,” Flint said. “The medical office building project is somewhat in jeopardy; we need to find a solution for the current building.” Flint is looking for a developer with a “silver bullet up their sleeve” who will embrace challenges presented at the Summit Boulevard location. He met with a group of developers Monday – the ninth such meeting in the last year – who ended the meeting without offering a solid commitment.”It’s frustrating,” Flint said. He declined to name the developer he met with Monday or what they plan, but said it is a “large, well-known group” that worked with Centura in the past. “They apparently have the ear of Centura and hopefully all three of us can sit down and come to a solution,” Flint said after the meeting.Centura will not sell to a competing medical provider, Flint said. That means the existing building will likely be scrapped with a new developer starting over, possibly with residential development. “(Centura) would sell it but doesn’t want competition,” Flint said. “Like it or not, our wagons are hooked together.”Centura representatives could not be reached for comment Monday.Flint is looking at a Sept. 1 deadline to get the doctors out of their predicament and moving forward on the new location. He declined to give valuations on the property. It is not listed with a real estate broker.The county owns the land – 16 acres – at the new medical campus where it already broke ground in partnership with Centura on a new hospital. The doctors hoped to launch the medical office building in conjunction with the hospital.”The county has been patient and done everything they can to make this project a reality,” Flint said. “They want a decision – or at least as much of a commitment as we can give – that our project is going forward.”Kim Marquis can be contacted at (970) 668-3998, ext. 249, or at firstname.lastname@example.org.
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