The hospital's 1,100 employees will be moving in summer 2003 to a new $129-million, 204-bed, 500,000-sf, twin-tower campus facing busy US 441 in Tavares, the county seat in Lake County, a hive of commercial activity.
While the hospital plans its relocation, Downtown Eustis merchants, investors and developers are frustrated by what they say are the sluggish efforts of Waterman's directors on deciding the fate of the old five-story structure. Redevelopers want to start planning projects now, before the building is vacant.
"Redevelopment doesn't happen overnight," a local contractor working with the Eustis Business and Professional Association tells GlobeSt.com. "Merchants and investors have to figure out what is the highest and best use for that five-acre property."
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