Miami Jewish Health Breaks Ground On Senior Living Development With $91M In Loans
Miami Jewish Health and McDowell Housing Partners broke ground on a senior living and health care facility in Pembroke Pines after obtaining $91 million in construction loans.
Douglas Gardens IV, a partnership between the Miami-based nonprofit and Miami-based affordable housing developer MHP, holds a land lease with the state of Florida for the 14-acre site at 705 S.W. 88th Ave. It’s part of the larger 25-acre Douglas Gardens campus, where Miami Jewish already manages 323 units of affordable senior housing.
The expansion will consist of 410 senior living units, with 390 of them affordable housing and 20 of them market-rate units, plus a 15,000-square-foot medical facility, said Christopher Shear, chief operating officer of MHP. Miami Jewish Health President and CEO Jeffrey Freimark said the health care facility would house its PACE (Program of All-Inclusive Care for the Elderly) services for Medicare/Medicaid eligible seniors.