Investor With His Eye On Medical Offices Continues Buying Spree, Snags West Palm Beach Office Buildings For $7M

2007-Palm-Beach-Lakes-Blvd-West-Palm-Beach 760x320

An investor is continuing his South Florida office shopping spree, scooping up a West Palm Beach property for $7 million.

Allen Chelminsky, through his affiliate Palm Beach Lakes Corporate Center, bought two office buildings at 2001 and 2007 Palm Beach Lakes Boulevard from Ganzer Brothers, a company managed by Glen Ganzer, a deed shows. Chelminsky took out a $5.6 million mortgage from Ganzer Brothers.

The purchase includes a one-story, 10,206-square-foot medical office building; and a five-story, 39,442-square-foot office building that also allows for medical offices, according to property records. The buildings were built in 1973 and 1974.

Ganzer Brothers bought the buildings in 2001 for $4.4 million from 2001 Partners, an affiliate of Royal Landscaping in Boynton Beach, a deed shows.

Chelminsky’s latest purchase follows his acquisition in October of the two-tower office complex Concept II in Lake Worth Beach for $10.9 million. In July 2019, Chelminsky bought another pair of office buildings at 7100 West Commercial Boulevard and 7200 West Commercial Boulevard in Lauderhill for $5 million.

The investor is focusing on medical offices, as both buildings he bought in 2019 are medical offices, and a healthcare services firm occupies the property he bought last year.

In Chelminsky’s most recent acquisition, the smaller one-story building is occupied by an MD Now Urgent Care.

 

Source:  The Real Deal

/4 Comments/by

Senior Living Developer Obtains $42M To Build Near Jackson Health Medical Center

senior living_canstockphoto52740881 760x320

An affiliate of Aventura-based Royal Senior Care is building a senior living facility in southern Miami-Dade County thanks to a $41.86 million construction loan.

Bank Hapoalim provided the mortgage to RSC Coral Reef Propco LLC, an affiliate of Royal Senior Care, for the project at 15005, 15055 and 15060 S.W. 97th Ave. It will be part of the Coral Reef Wellness Center near Jackson South Medical Center.

The three buildings will have a combined 229 congregate living units, including for assisted living, memory care and independent living. They will total about 212,000 square feet and include two pools.

 

Click here to read more about this story.

/2 Comments/by

Jupiter Medical Center Proposes Major Expansion

Jupiter Medical Center Surgical Institute 2 760x320

Jupiter Medical Center has a major expansion in the works, with a new surgical center to replace a skilled nursing building.

JMC is one of the few stand-alone hospitals left in South Florida, and it’s aiming to enhance its facilities to keep pace with competition.

The skilled nursing building on the southwest corner of the JMC campus would be demolished, and a two-story, 80,470-square-foot surgical center would be built in its place. It would include 18 operating rooms.

In addition, JMC is looking to expand its emergency department by 2,500 square feet, create eight rapid treatment stations, and construct a 6,200-square-foot addition to its central energy plant.

Patti Patrick, VP and chief strategy and growth officer at JMC, said the new Surgical Institute would be the biggest capital project in the hospital’s history and create more than 100 jobs.

 

Click here to read more about this story.

/1 Comment/by
,

Medical Office Project Planned Near Delray Beach

construction plans 760x320

A company controlled by the CEO of Boca Raton-based marketing and digital advertising company Worldata wants to rezone a property west of Delray Beach to build a medical office building.

Birchwood Group LLC, managed by Jay Schwedelson in Boca Raton, filed a text amendment application with Palm Beach County officials for the 3.61-acre site at 15445 S. State Road 7. The vacant parcel is located a few blocks south of Atlantic Avenue in the Agricultural Reserve, a mostly agricultural area that has been transitioning to residential and some commercial development.

The application seeks changes to the area’s land use that would permit 31,625 square feet of medical and dental offices on the site. The application says this would generate 985 vehicle trips.

 

Click here to read more about this story.

/3 Comments/by
,

Boca Raton Regional Hospital Proposes 9-Story Patient Tower

Gloria Drummond Patient Tower-Boca Raton Regional Hospital

Boca Raton Regional Hospital, part of Baptist Health South Florida, filed plans for a new patient tower.

The nonprofit hospital first unveiled plans for the Gloria Drummond Patient Tower in early 2019, when it announced the start of a $250 million capital campaign. The original plans called for 180,000 square feet in seven stories, but the building in the new application is significantly larger.

Under the proposed site plan, the Gloria Drummond Patient Tower at 800 Meadows Road would total 437,394 square feet in nine stories. It would include private patient rooms, surgical suites, space for staff, and space for graduate medical education.

BRRH also has a pending plan to build a medical office building on its campus.

 

Click here to read more about this story.

 

/0 Comments/by