Item 7A (3)Experienced Development Team:
Visions Southwest – Local developer with over 20 years experience.
MedReal II - Local physician investment group.
The combined development team has proven experience and a record of successful projects.
Physician Synergy Group – Local hospital management and development company.
Pine Creek Medical Center Dallas, Texas 46,000 SF
(6) Operating Rooms
(18) Patient Rooms
Imaging
Ethicus Long Term Acute Care Hospital Grapevine, Texas 64,800 SF
(12) Intensive Care Units
(60) Patient Rooms
Therapy and Imaging
Continuum Rehabilitation Hospital of North Texas Under Construction Flower Mound, Texas 58,500 SF
(2) Rehabilitation Areas
(42) Patient Rooms
Hydrotherapy
Project Impact:
A heavily landscaped, aesthetically
planned development.
First class hospital & 2 story office bldg.
Newly developed offsite roads and sidewalks
Conforms to the Southlake 2025 plan
and the future land use plan.
Economic Impact:
A privately funded $50 million investment in Southlake
Employment base of at least 150 professionals
Brings significant new revenue to Southlake retail and restaurant establishments
Payroll $7.7 million - $11 million
Economic Impact:
Significant increase to city and school tax base.
New offsite roads will speed development of the surrounding properties.
PSG will be the long term owner of the facility.
Local physician groups are already committed and will be able to perform their services in Southlake.
First class medical center will draw
additional medical development.