Miami Beach hospital wants $205M in upgrades

Mount Sinai Medical Center plans extensive improvements to campus in city

TRD MIAMI /
May.May 15, 2014 12:45 PM

Mount Sinai Medical Center intends to start a $205 million upgrade to its Miami Beach campus.

The nonprofit made a recent presentation to its bond investors outlining the planned improvements. It wants to replace a surgical bed tower, substantially increase the size of its emergency staff, construct new in-patient operating rooms and build a new observation unit. The goal is to prepare the organization for the next half-century of growth.

“Now we are the only hospital on Miami Beach and with twice as many visits per year as planned for in the 70s so we need to expand our facilities,” Mount Sinai president and CEO Steven Sonenreich told South Florida Business Journal. The emergency department on the Miami Beach campus was constructed in 1972.

The improvements would be funded through bond revenue, refinancing existing debt, money from its charitable foundation, outside donations and $15 million from the city for the emergency department. [South Florida Business Journal]Eric Kalis


Related Articles

arrow_forward_ios
Jon Oringer and 4358 North Bay Road (Getty, Realtor)

Billionaire Shutterstock founder pays $42M for Miami Beach mansion, marking record

Billionaire Shutterstock founder pays $42M for Miami Beach mansion, marking record
Eddie Irvine with 1061 N Venetian Drive and 1350 S Venetian Way (Getty, Realtor)

Spec home developer Eddie Irvine buys Venetian Islands lot

Spec home developer Eddie Irvine buys Venetian Islands lot
Pharrell, Eric Birnbaum and David Grutman with a rendering of the hotel (Getty, Linkedin, Goodtime Hotel)

Pharrell, David Grutman partner with developer to launch South Beach hotel

Pharrell, David Grutman partner with developer to launch South Beach hotel
Icon unit tops list of most expensive condo sales in Miami-Dade (Google Maps; Icon Brickell)

Condo sales and dollar volume up from last week

Condo sales and dollar volume up from last week
Phil Collins, Orianne Collins, and 5800 North Bay Road (Credit: Tim Chapman/Getty Images, and John Parra/Getty Images)

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave
6493 Allison Road (Credit: Douglas Elliman)

One Thousand Museum developer sells Allison Island home

One Thousand Museum developer sells Allison Island home
Greg Mirmelli with 2120 Bay Avenue (Credit: John Parra/Getty Images)

Miami Beach investor sells waterfront home for $18M, following bidding war

Miami Beach investor sells waterfront home for $18M, following bidding war
Floyd Mayweather & 5501 Pine Tree Drive, Miami Beach (Credit: Google Maps and Jun Sato/Getty Images)

Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss

Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...