$25M assisted living facility rising in Homestead

The Palace at Homestead
The Palace at Homestead

Construction has kicked off on a $25 million assisted living and memory care center in Homestead.

Miami-based developer Palace Group acquired the 10-acre site, located at 3100 Northeast 8th Street, from Baptist Health South Florida for $3 million in 2013, according to the South Florida Business Journal. It’s near Homestead Hospital.

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The Palace at Homestead will feature 200 residences and 55,000 square feet of amenities across four stories. The 158,000-square-foot complex is replacing the existing Palace Gardens.

“There is an unserved need for assisted living and memory support in the Homestead area which our existing community could no longer accommodate,” said Jacob Shaham, president of the Palace Group. “We needed to plan a community that will incorporate many new technologies for operational needs and residents care for now and into the future.”

Amenities at the project include a theater, dining room, ice cream parlor, beauty salon and physical therapy room. The facility is expected to open in winter 2015. [South Florida Business Journal]Christopher Cameron