When the full project is completed in 2027, the facility is expected to cover an entire city block, include more than 200 patient rooms and rank among the largest emergency rooms in the nation.
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The site was made available through a 50-year ground lease from the Public Health Trust of Miami-Dade County for just $1 annually.
The University of Miami is seeking to acquire land from Miami-Dade County in order to build a medical education building for the Miller School of Medicine.
The nonprofit university wants to purchase 36,410 square feet at 1115 N.W. 14th St. from the county. The land is currently utilized by the Public Health Trust as part of the Jackson Memorial Hospital campus. UM would pay the county $6.21 million, a value based on several third-party appraisals.
UM already has a land lease on the site.
The county’s Community Health Committee was scheduled to vote on the deal on Sept. 11. The County Commission would vote on it on Oct. 3, with a two-thirds approval required.
Source: SFBJ

TopMed Realty, a private health care real estate investment firm, paid $13.9 million for an office building in Miami’s Health District.
Key International, along with its partner on the project, 13th Floor Investments, sold Highland Park Center, a Class A, 43,000-square-foot building at 1011 Sunnybrook Road for more than $320 per foot.
The 11-story building, which was completed in 2011, sold fully leased to tenants that include Atlantis University and Night and Day Pediatrics. Property records show Key International and 13th Floor purchased the property as an REO from BankUnited for $7.85 million in 2014. It includes a garage.
Douglas Mandel and Benjamin Silver of Marcus & Millichap represented the seller, according to a release.
TopMed Realty, led by Roni Soffer, is based in Hallandale Beach.
The property is across the street from University of Miami’s Jackson Memorial Hospital campus.
Source: The Real Deal




