The Real Deal Miami

Mercy Hospital won’t build condos

October 29, 2008 02:18PM

A 6.7-acre parcel of land owned by Mercy Hospital will remain undeveloped, deferring a $96 million windfall. Ocean Land Investments and developer the Related Group were set to buy the site for upscale condo towers. New Mercy President and CEO John C. Johnson said the hospital will defer that plan, which faced strenuous opposition after Miami commissioners rezoned the land.