The groundwork for a gigantic medical campus that could
change the face of healthcare in Delaware has been laid.
Two hundred acres of specially zoned “Institutional Service District” (IS) land has just come on the market in Milford, according to R&R Commercial Realty, the listing agency. The unique, highly permissive zoning allows for hundreds of uses and paves the way for a substantial healthcare-focused development.
“In these COVID-19 times, this is a shovel-ready project that could quickly add an enormous amount of capacity and resources to Delaware’s healthcare system,” said Elmer Fannin, the property owner. “Along with Bayhealth’s $300 million hospital right across Rt. 1 and the other recent healthcare developments in the area, this project would allow Delaware to compete for the medical capital of the Mid-Atlantic region.”
In 2006, the property, on Cedar Neck Road off Rt. 1, was annexed into the City of Milford and granted IS zoning. This zoning is described as having the purpose of furthering “public health, safety and welfare by providing a location for schools, governmental buildings and uses, healthcare related uses, a hospital and all other healthcare facilities.” A drafted concept plan of the site – called Innovation Park – includes a specialty hospital, medical or nursing school, a standalone rehabilitation facility, a senior living center, assisted living quarters, teaching centers (graduate medical, nursing and associated technical training centers), and independent labs used in research or as a support for physicians. Other approved uses for the site include medical disciplines such as pediatric care, women's health, spinal injuries, eye care, pharmacology, podiatry, a same-day surgery center, a medical mall and assisted living or senior centers.
If developed, the campus could potentially bring thousands
of jobs to central Delaware, adding hundreds of millions of dollars to the
local economy.
“Milford is already growing significantly with new residential and commercial developments being built,” said Charles Rodriguez, R&R’s broker. “A centrally-located medical campus like Innovation Park would help the state and region keep up with the exploding demand for healthcare services.”
With a high-traffic location on Rt. 1 and full integration
with all the needed utilities and infrastructure, Fannin says the last piece of
the puzzle is an ambitious developer.
“With projects as big as Innovation Park, developers can often spend years in various city council, county and state-level meetings and forums to obtain the necessary approvals and permits,” said Fannin. “But, in this case, all that heavy lifting is already done. The project needs little more than vision, construction and a ribbon cutting.”
For more information on Innovation Park, visit www.randrcommercialrealty.com.
R&R Commercial Realty
For additional information about R&R
Commercial Realty and its extensive inventory of commercial property, visit our
website at www.randrcommercialrealty.com or contact our offices at 302-674-3400 or info@randrcommercialrealty.com.
This video also
provides a visual of the proposed medical campus: https://www.youtube.com/watch?v=zxJHJTBDHik&feature=youtu.be
Photos with cutlines:
Aerial shot of the 200-acre property just off Rt. 1 in Milford that could accommodate a massive healthcare campus.
Concept art for the proposed, shovel-ready
Innovation Park.
