Developer Plans Medical Office/Retail In Homestead

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A vacant site just south of Baptist Homestead Hospital could be developed with medical offices and retail.

Homestead’s Development Review Committee will consider plans on Dec. 14 for the 9.2-acre site at the southwest corner of Southwest 312th Street/Campbell Drive and Southwest 147th Avenue. It’s part of the Campbell Crossing mixed-use project.

A 3.36-acre portion of land on the south side of the site would be developed with a 40,000-square-foot medical office building in two stories, along with 207 parking spaces. A 1.06-acre site at the intersection of Campbell Drive and Southwest 147th Avenue would have a 10,990-square-foot retail center with 73 parking spaces.

“The proposed development is in line with existing uses in the area and will serve as a catalyst for the redevelopment and further activation of this prominent corridor of the city,” said Holland & Knight attorney Alejandro Arias, who represents the applicant. “This project will serve to meet a critical need for first-class medical offices and retail/service uses within close proximity of the hospital.”

 

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Baptist Health’s West Kendall Baptist Hospital Reaches New Phase Of Construction For Clinical Expansion Project

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Baptist Health South Florida has reached a new phase of construction for the 125,000-square-foot clinical expansion project at West Kendall Baptist Hospital.

Exactly ten years since the facility’s official debut and one year since the groundbreaking of the project, the “topping out” marks the completion of the building’s exterior structure and ultimately represents the rapid growth of the West Kendall community.

Scheduled to be complete in January 2023, the highly anticipated new four-story tower houses 35 additional emergency department treatment rooms to meet the growing needs of the community. The third and fourth floors of the new building will be completely dedicated to supporting inpatient services, with 70 new inpatient rooms. Amongst other add-ons, there will also be additional space for diagnostic imaging, physical therapy, patient observation and more.

“Since opening our doors in 2011, we at West Kendall Baptist Hospital have been dedicated to improving the lives of the community by offering superior health and wellness services,” said Lourdes Boue, Chief Executive Officer of West Kendall Baptist Hospital. “After an especially trying year, this construction milestone couldn’t come at a better time. It is a true nod to our storied past and bright future.”

When the campus first opened, West Kendall Baptist Hospital was recognized as Miami-Dade County’s first non-replacement hospital in over 35 years, with the goal of helping residents live healthier, safer and more fulfilling lives. To propel the community into this next phase and signify the hospital’s future, West Kendall Baptist Hospital invited the children of the Early Learning Center to leave their mark on the foundation of the building by adding their handprints to its final beam.

Upon completion, the design of the new tower will mirror the Mediterranean style aesthetic of the existing hospital and feature the same eco-friendly features that earned the hospital LEED Gold Certification for Leadership in Energy & Environmental Design – a green building certification program used worldwide.

 

Source:  South Florida Hospital News

 

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Medical Office Developer Buys, Plans MOB At Former West Orange County Fuel Station

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An entity with ties to a local medical developer is the new owner of a former gas station in Ocoee.

Orlando-based Jamison Commercial Partners‘ related Ocoee Medical Development on Nov. 1 bought a roughly 1,500-square-foot fuel station at 11001 W. Colonial Drive for $1.65 million from Brandon-based Starfish Properties LLC, Orange County records showed. The 0.61-acre site includes a 936-square-foot convenience store and 576-square-foot car wash, county records showed.

Future plans for the site include demolishing the gas station and building in its place a 7,232-square-foot, single-story medical office building for Altamonte Springs-based nonprofit health system AdventHealth, per city of Ocoee permits. City staff is waiting for the developer to revamp and submit updated plans based on recommendations from the development review committee, said an October meeting agenda.

The submarket is sought after for medical office space because of its proximity to AdventHealth’s existing medical facilities in Winter Garden and Apopka, as well as Orlando Health’s hospitals in Ocoee and west Orange County’s Horizon West neighborhood. It is also about 1.5 miles away from Orlando Health Health Central Hospital.

 

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IMC Equity Buys Hialeah Medical Office For $14.75 Million

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IMC Equity Group acquired Palm Springs Medical, a medical office building in Hialeah, for $14.75 million.

Cofe Fund 1-Palm Springs LLC, managed by Cofe Properties in Miami, sold the 7-story, 76,280-square-foot medical office at 1840 W. 49th St. to North Miami-based IMC Equity Group, led by CEO Yoram Izhak. The deal was brokered by Douglas K. Mandel and Ryan Fellman of the Institutional Property Advisors group at Marcus & Millichap. The price equated to $193 a square foot.

The building last traded for $4 million in 2011, when Cofe Properties bought it from a bank that had foreclosed on it earlier.

Carlos Segrera, chief investment officer of IMC Equity Group, said they chose to invest in the 49th Street corridor in Hialeah because many nearby properties have strong occupancy rates. The deal was at a 7% capitalization rate and the building was 12% vacant.

 

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Head Of Plastic Surgery Clinic Sells Hollywood Office For $12.3 Million

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The 26,884-square-foot office at 2700 Hollywood Blvd. was sold for $12.3 million by 2700 Hollywood Blvd LLC.

Ruben Salama, who is also the practice administrator at Elite Plastic Surgery, manages the LLC. Elite Plastic Surgery is based in the building, along with several other health care providers.

The buyer was Rajen Hollywood LLC, managed by commercial real estate investor Arnold S. Wax in Aventura. Coral Gables-based Banesco USA awarded a $6.77 million mortgage to the buyer.

The price equated to $457 a square foot, nearly doubling its 2017 sale price of $6.3 million.

 

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