Finance Blog number 1

February 29, 2008

Watson Clinic builds $14 million medical office

Filed under: economics — Tags: , , — Sun @ 10:32 pm

Watson Clinic has begun construction on a 50,000-square-foot, three-story medical office building in Lakeland.

Watson Clinic is spending $14 million on the project, according to a spokeswoman.

The facility, at North Florida Avenue and East Bella Vista Street, will house the departments of otolaryngology, dermatology and dermatopathology. There will also be a medical spa with a private entrance and exit in the building and a hearing center.

Eleven physicians and five physician assistants will have offices in the building, which will have space reserved for additional growth cash advance. Construction is expected wrap up by January 2009, a release said.

Watson Clinic said it is working with Graham Design Associates, Precise Construction and Bank of America (NYSE: BAC) on the project.

The new building will be the 13th location for Watson Clinic, which includes more than 200 providers in 40 medical and surgical specialties.

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