Public Company Plans 3-Story Medical Office Building In Doral

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Healthpeak Properties wants to build a medical office building in Doral.

The city was scheduled to hold a council zoning meeting regarding the 11.4-acre site at 10915 N.W. 41st St. on June 28. It’s owned by East Florida DMC, a subsidiary of Nashville-based hospital giant HCA Healthcare. It currently has an 11,137-square-foot free-standing emergency department that HCA built in 2019, but much of the land is vacant.

Denver-based Healthpeak would build a three-story medical office building totaling 62,160 square feet on part of the vacant land. The project would have 253 surface parking spaces, including six spaces for electric vehicle charging.

 

Source:  SFBJ

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Six-Building Medical Office Campus In South Florida Changes Hands

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A six-building, single-story medical office campus totaling 63,319 square feet at 6710-6834 West Sunrise Blvd. in South Florida’s Plantation submarket sold for $15,450,000, which equates to $244 per square foot.

Avison Young sold the asset on behalf of PPP Capital, LLC. The buyer was Bezrat H., Corp.

Plantation Medical Office Park is in a densely populated, major commerce and medical hub with over 200,000+ residents, 7,000+ businesses, and $2.3 billion in total consumer spending within a five-mile radius. With exceptional visibility from Sunrise Boulevard, the Park is strategically located just three miles from Westside Regional Medical Center, a full-service 250-bed hospital. Notable tenants include American Access Care, Dickens Sanomi Academy, and Baptist Hospital of Miami, Inc.

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Senior Adults To Outnumber Children Under 18 By 2034. What This Means For Florida Development

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More and more senior housing projects — built to resemble luxury multifamily communities with an increased emphasis on amenities — are popping up across the country as developers prepare for a population phenomenon that has never occurred in U.S. history: Adults over 65 will outnumber children under the age of 18 by the year 2035.

Florida, a long-popular destination for snowbirds and retirees, has the highest number of senior adult residents in the nation and more are arriving everyday. That’s a major reason why the Sunshine State leads the nation in senior housing construction projects, Debee says.

Currently, there are 74 senior housing communities totaling 9,134 units under construction in Florida, according to data provided by BBG Real Estate.

Miami leads the way with 19 senior housing communities under construction totaling 2,944 Units. The Orlando metro area has eight under construction totaling 842 units. Four of these projects are in Orange County, two are in Seminole and one is underway in Lake County.

The surge in senior housing — and new construction trends for the projects — was the subject of a presentation this week at the National Association of Real Estate Editors (NAREE) conference in Las Vegas.

“Ten-thousand people are turning 65 everyday, and will continue to do so for the next seven to eight years,” said James Hill, the associate vice president of Houston-based Kirksey Architecture. “And by that time they will have surpassed the total number of people who are 18 or younger for the first time in the history of the world.”

The amenities offered at newer senior living communities, whether it be an active living facility or independent living facility, are in place to not only to attract potential residents, but also their sons, daughters and grandchildren who will be visiting. In fact, these facilities are being marketed to the adult child.

Amenities often include trails, outdoor recreation space, pickleball courts, outdoor grilling areas, restaurants, cafes, putting greens and more.

 

Source:  GrowthSpotter

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Sila Realty Trust Acquires West Palm Beach Medical Office Building

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Sila Realty Trust, Inc., a net lease real estate investment trust focused on investing in high quality healthcare properties across the continuum of care, announced the acquisition of a 25,150 square foot medical office building located at 770 Northpoint Parkway in West Palm Beach for approximately $9.85 million.

The West Palm Beach healthcare facility is a fully leased two-story building with the majority being occupied by the Seller, OB/GYN Specialists of the Palm Beaches, which specializes in high-risk pregnancies and births. OB/GYN Specialists offers comprehensive obstetrical and gynecologic services, with specific services at the West Palm Beach Healthcare Facility including general practice, perinatology and urogynecology.

OB/GYN Specialists has a total of 35 board-certified physicians with six of seven locations throughout the West Palm Beach-Boca Raton-Delray Beach, Florida Metropolitan Statistical Area (MSA). OB/GYN Specialists is part of the Unified Women’s Healthcare network. Unified Women’s Healthcare is the largest physician practice management company solely dedicated to women, with a network including over 2,600 providers at over 925 care centers and 36 fertility clinics nationwide.

“We are pleased to be partnering with OB/GYN Specialists which is widely recognized as a premier OB/GYN practice in the area,” stated Michael A. Seton, President and Chief Executive Officer of the Company. “The West Palm Beach Healthcare Facility is strategically located within the heart of an established and thriving medical district. This acquisition aligns with our proven strategy to grow our medical office building portfolio and geographic footprint through regional physician affiliations.”

 

Source:  CityBiz

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Why Are New-To-Market Hospital Systems And Medical Groups Increasingly Seeking To Gain A Foothold In Florida?

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Florida’s population is continuing to grow, as is the demand for medical services.

And it won’t be long before the state is being targeted by even more non-market health care providers. The key is to create a presence in the markets where these new health care enterprises operate.

Investors remain positive on medical buildings, according to a report by 42Floors, a division of the commercial real estate data company Yardi, based in Santa Barbara, California.

“Investors are viewing medical office as a haven in a disrupted environment,” said Doug Ressler, a business intelligence manager for Yardi.

In addition, the markets that have dominant employers will have a significant impact. And reports suggest that Florida is the most business-friendly state in the country.

 

Source:  OBJ

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