When things are slow in the development business, sometimes you have to jump-start them yourself. At least that is developer Mark Taylor's theory.
A development group led by Taylor, who also is chairman of the county's Planning and Zoning Commission, broke ground last week on a 4.5-acre medical-professional office center on State Road 50, across from the High Point subdivision and HCA/Oak Hill Hospital.
When complete, Oak Hill Plaza will have three buildings with a total of 28,000 square feet, Taylor said. It will cost approximately $1.5-million to build.
Taylor hopes the center also will help spur interest in another 14 acres surrounding the plaza owned by JSB Management Consultants Inc., the development company he manages.
"We have owned the property since 1984 ... and although we haven't been actively trying to sell the entire 18 acres, that was our intent," Taylor said.
"But we really haven't had a lot of interest on it ... so we decided to try and stimulate that on our own."
Site work for the first of the three buildings _ a 7,200-square-foot single-tenant building _ began earlier this week and should be complete within six months.
Construction on the building was scheduled to begin four months ago but was held up by Florida Department of Transportation permitting requirements for access roads into the property, Taylor said.
Taylor declined to name the tenant for the first building but said it was a company in the medical or medical supplies industry.
Oak Hill Plaza is the second medical-related office center started near HCA/Oak Hill Hospital this year.
In July, Spring Hill-based Stoops Development Co. started construction on what also is planned to be a three-building office center between the hospital and the High Point development.
Progressive Therapies Inc. will take the first 3,000-square-foot building at that center, to be called the Oakwood Professional Center, according to developer Tim Stoops.