The deal is part of the 70-acre West Kendall Town Center project, which was recently approved by Miami-Dade County officials.
The building, which opened in 2021, is fully occupied under long-term lease by Orthopaedic Medical Group (OMG) of Tampa Bay.
The project will be BayCare’s 17th acute care hospital and is expected to be completed by the end of 2025.
The goal of the Tampa Medical and Research District (TMD) is to create a hub in Tampa that would cultivate groundbreaking research and attract renowned clinicians and tech companies.
The center, a partnership with the University of Miami and Shriners Children’s Florida, which runs the Tampa hospital, will house all pediatric orthopedic care when it opens in 2025.