UM Gets FAA Approval For 310-Foot Health District Tower

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The Federal Aviation Administration has approved the height of an upcoming tower planned by the University of Miami.

The new tower is approved at a height of 306 feet above ground, or 310 feet above sea level, according to the February 1 approval letter.

The project site is listed as 1099 NW 14th Street.

UM is planning to build Project Ignite on the site, which will allow the Miller School of Medicine to consolidate teaching facilities from 17 facilities into one. The building is expected to cost hundreds of millions of dollars.

UM Health Tower

 

 

Source:  The Next Miami

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Developer Plans 9-Story Medical Office Project In Aventura

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The nine-story medical office building that BH Group filed plans for is located directly south of HCA Florida Aventura Hospital.

The 0.71-acre lot at 2740 to 2760 N.E. 208th Terrace is the subject of a development application that the Aventura developer has submitted to the city through associate BH Aventura Land Holdings. In 2021, the developer paid $4.94 million in total to assemble the vacant lots.

The building would be 61,986 square feet in total under the proposal, with 50,004 square feet of leasable medical office space spread across four floors, 5,740 square feet of ground floor restaurant space, and a 213-place parking garage. A garden-themed roof amenity deck would also be included.

Liat Toledano, a principal and co-owner at BH Group, stated, “This project is ideal for prime retail and medical office space because we are right off Biscayne Boulevard and adjacent to Aventura Hospital.”

The project was created by Miami-based Studio Baigorria.

 

Source:  SFBJ

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NYU Pays $33M For Langone Medical Office Dev Site In Downtown West Palm

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New York University dropped $33 million for a medical office development site in downtown West Palm Beach, with plans to move its Langone Health to the new building.

NYU bought the 0.6-acre property at 324 Datura Street from an affiliate of Boca Raton-based Morning Calm Management, according to records and real estate database Vizzda.

The site now houses a four-story, 68,800-square-foot office building that was completed in 1950, property records show. Morning Calm paid $10.6 million for the building in 2021.

Last year, Morning Calm filed a proposal to redevelop the site with a seven-story building with 76,400 square feet of medical offices on four levels and three levels of parking, according to an application submitted to the city. The proposal is asking for four variances, including to reduce side setbacks to 15 feet from 20 feet for the portion of the building that’s over five stories.

 

Source:  The Real Deal

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Naples Medical Center Fully Leased, Set To Double In Size

Southbrooke Medical Plaza at 6750 Immokalee Road in Naples_Photo Courtesy of LQ Commercial Real Estate 760x320

Southbrooke Medical Plaza, a new medical center in Naples, has been fully leased, and construction on the second phase of the project is expected to begin later this year.

The tenants for the 20,000-square-foot center at 6750 Immokalee Road are all medical providers with Continuum Surgery Center taking 10,949 square feet of space. The other four tenants are: Designed to Smile Dentistry with 3,666 square feet; All About You Med Spa with 1,639 square feet; HealthQuest PT with 2,170 square feet; and Allegiance Health of Southwest Florida with 1,562 square feet.

LQ Commercial, which represented the developer, Gault Family Cos., announced the tenants.

Collier County records show Gault paid $5 million for the property in 2021.

With the leases in place, Gault is set to begin work on the second phase of Southbrooke in the fourth quarter of the year. That piece of the project is expected to be “a twin to Phase 1.”

 

Source:  Business Observer

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Sunrise Assisted Living Facility Sells For $27 Million

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The Westchester of Sunrise assisted living facility sold for $26.66 million as part of a three-property portfolio deal.

HTA – E Florida LTC LLC, an affiliate of Nashville-based Healthcare Realty Trust sold the 120-bed, 127,846-square-foot assisted living facility at 9701 W. Oakland Park Blvd. to Sunrise FL Propco LLC, an affiliate of New Jersey-based Portopiccolo Group.

Oxford Finance provided $82.4 million in financing to the buyer for the Sunrise property, along with recently acquired assisted living facilities in Jacksonville and Winter Park.

 

Source:  SFBJ

 

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