Former hospital site sold for $2 million, to be rezoned residential

By Observer Staff
| 4:03 p.m. January 18, 2013

Ormond Beach Observer
Business

The former Florida Hospital Ormond Memorial property has been sold to an investment group, which intends to rezone the land for residential use.

BY THE OBSERVER STAFF

The 27.6-acre property, which used to be home to Florida Hospital Ormond Memorial, was sold Jan. 4, for $2 million.

For sale since 2006, the site was cleared last July, when the 300,000-square-foot hospital building was imploded, due to its “limited reuse potential,” according to John Adams, general manager of Adams, Cameron & Co. Realtors, the firm which brokered the deal.

Although several parties were interested in the site, Adams says, E.V. “Buddy” LaCour, along with his investment group, were willing to close quickly, moving in even as the final demolition debris was being hauled away.

LaCour also intends to rezone the property and develop it as a residential mixed-use project.

Dick McNerney of the Commerical Industrial Divison of Adams Cameron & Co. represented the buyer, while Adams represented the seller.

Call 253-8044.