McDowell Housing Partners, Miami Jewish Health Open Broward’s Largest Affordable Senior Housing Development
The $139 million project also ranks as the the second largest affordable senior housing development in Florida.
The $139 million project also ranks as the the second largest affordable senior housing development in Florida.
The transaction marks the first partnership between the two firms.
The six story, 127,033-square-foot facility, scheduled to open in 2027, is one of the health system’s first major new construction projects in almost 30 years.
The strategy focuses on acquiring and developing early childhood education centers across the United States, including acquisitions of operating schools, sale-leaseback opportunities and value-add repositionings in supply-constrained markets.
The property totals 11,240 square feet and includes five bays with grade-level loading.
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The property is situated on a 0.26-acre site and includes outside storage.
The litigation and appellate firm originally signed its lease in the tower in 1996 and is the building’s longest-running tenant.
The 7.75-acre development site sold for nearly $6.6 million.
The master-planned development will include 401 multifamily residences, approximately 426,764 square feet of essential and service-oriented retail, a 125-key lifestyle hotel and an approximately 82,875-square-foot office building.
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