Trask Land Co. and Novant Health have entered into a development agreement for Novant's Brunswick Medical Center campus, according to an announcement.
The agreement means that Trask Land, a Wilmington-based commercial real estate and land development firm, will provide development services for Novant at the medical center and on the campus's surrounding land, which includes nearly 100 acres in Bolivia.
Future development plans for the Brunswick County land are set to involve an expansion of the center that will include more medical office space and commercial services to meet the county's growing needs, a news release stated.
"We think there is existing demand, and we are already working with potential medical office users," said Raiford Trask III, president of Trask Land Co., on Monday. "North of the new N.C. 211 interchange, I think you can expect to see multifamily, restaurants and hospitality that feed off the medical center."
He said they'll be discussing and working through various land use partnerships related to surrounding property owned by the Graham family.
The county continues to be one of the fastest-growing areas in the state and U.S., said Shelbourn Stevens, president of Novant Health Brunswick Medical Center, a 74-bed hospital that opened at the site in 2011.
“Novant Health is constantly looking at opportunities to expand options for care and improve access to meet these growing needs," Stevens stated in the release. "By partnering with Trask Land Company, this gives us the opportunity to look at additional ways to expand medical office space and continue to grow healthcare services for our community.”
David Park, senior vice president of real estate and construction at Novant Health, stated in the release, “Because of Trask Land Company’s great reputation and expansive portfolio, we are confident that this partnership will bring high quality work that will benefit the Brunswick County community.”