The project is on the 5.25-acre site at 16650 Miramar Parkway, which the developer has on a land lease from the Archdiocese of Miami.
An Alabama-based REIT paid $134 million for the fifth South Florida hospital site previously owned by Tenet Healthcare.
Some of the buildings that make up the hospital campus purchase are the Palmetto Medical Plaza at 7100 West 20th Avenue and the garage at 7160 West 20th Avenue as well as next-door physicians’ offices at 2001 West 68th Street and 2001 West 68th Street, records show.
Property owner Casto explored the option to redevelop the space for apartments.
The deal includes the 459-bed Florida Medical Center, office buildings and a a medical office mall.