Two Palm Beach County Assisted Living Facilities Sell For $21 Million

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A Montreal-based firm paid a combined $20.55 million for the Banyan Place assisted living and memory care facilities in both Boca Raton and Lantana.

In the bigger deal, Banyan Realty BR LLC, managed by Kevin Wrenne in Boca Raton, sold the 125-unit assisted living facility at 2950 N.W. Fifth Ave. for $16.44 million. The buyer was Banyan Boca FL Realty LLC, managed by Arie Friedman and Simcha Buff of Montreal-based Comprehensive Care Capital. The price equated to $131,520 a unit. The Boca Raton property totals 82,078 square feet and was built on the 2.86-acre site in 1998.

At the same time, Banyan Realty BR LLC sold all 15 condos at 1021 Ridge Road, which is operated as an assisted living facility, for $4.11 million to Banyan Lantana FL Realty LLC, also managed by executives at Comprehensive Care Capital. The price worked out to $274,000 a unit. The Lantana condo was built in 1998 and is officially called the Anguilla Cay Condominium.

 

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HCA Florida Opens Medical Office In Wellen Park

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HCA Florida opened its Wellen Park Medical Office last Wednesday morning.

The facility is at 12169 Mercado Drive, which is next to the Publix in the West Village Shopping Center.

A variety of primary care services should be available immediately, with cardiology planned soon.

This is the first healthcare office in the development and joins a growing number of businesses and restaurants opening in that area.

The location features five exam rooms with offices, a breakroom and workspaces for caregivers.

“With the tremendous growth expected in Wellen Park, we are excited to provide a convenient space where primary care and specialists from the region can come together to offer care to patients.” CEO Steve Young, CEO said in a prepared statement.

 

 

Source: Herald Tribune

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Former Movie Theater Could Be Converted Into Healthcare Facility For Seniors

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Leon Medical Centers could convert a shuttered movie theater in Homestead into a health care facility for seniors.

The city’s Development Review Committee will consider on April 19 the amended master plan for Portofino Plaza at 2250 N.E. Eighth St. The 6.6-acre site has a 49,021-square-foot theater building that was constructed in 2006. It was previously a Flagship Cinemas.

It’s located just off the Southwest 312th Street exit of Florida’s Turnpike.

The property is owned by 2250 NE 8 Street LLC, managed by Michael Shealy, director of real estate operations at Doral-based Leon Medical Centers. The company is one of the largest providers of care for seniors in Miami-Dade County with seven locations and more than 44,000 Medicare recipients.

The project would cost about $16 million and construction should take about a year.

Source: SFBJ

 

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Coldwell Banker Commercial Brokers Sale Of Medical Office Property In Vero Beach

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Coldwell Banker Commercial brokered the sale of a medical and professional office property in Vero Beach.

The sales price was $3.6 million.

Andrew Gonzalez and Linda Gonzalez of Coldwell Banker Commercial Paradise represented the undisclosed seller in the transaction.

Built in 1986, the two-story, 40,000-square-foot building is situated on 4.2 acres of land and has onsite parking. Located at 333 17th St., the property is 79.5 miles from the Palm Beach International Airport.

 

Source:  RE Business

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UF Health Begins Work On Second Medical Tower

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UF Health is beginning work on a new six-story tower with 124 rooms at its UF North campus, a response to increasing medical needs in Northeast Florida.

Above the main floor, two floors will be dedicated to patients who require acute physical therapy. Two additional patient floors will be used for acute care, and one floor will be used primarily for ancillary services.

UF Health North opened the first phase of the campus in 2015, a medical office building at 15255 Max Leggett Parkway, near Interstate 95 east of River City Marketplace.

The first phase included an emergency room, outpatient surgery suites, imaging and other diagnostic services, and four floors of physicians’ offices. Phase two opened in May 2017 — a 92-bed inpatient tower that consists of five floors, four for patients with all private rooms.

The complex includes a 20-bed unit dedicated to labor and delivery and other women’s services, a 24-bed floor dedicated to intensive care, two 24-bed floors dedicated to general medical inpatients and one floor for administrative services, a chapel, a cafeteria and more.

The health system held a ceremonial groundbreaking Thursday. Construction will begin this month with a target opening date of early 2024.

“UF Health North has become an integral part of this community since it opened seven years ago, and this expansion is another example of our dedication to the health and well-being of the people who live and work in this area,” CEO Russ Armistead said in a news release.

 

 

Source:  WJCT

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