Construction of the neighborhood hospital is expected to be completed in the spring of 2024.
The four acres at Southwest 10 Street and Southwest 11 Way, at the entrance to I-95, have been vacant for decades.
Miami-based Hidalgo Construction Group recently filed notice with Miami-Dade County that it started construction of the three-story medical office building totaling 48,824 square feet.
Medical office buildings remain strong investor favorites despite slowing transaction volume, which one expert says may persist for the next few quarters.