$25M assisted living facility rising in Homestead

The community will include 200 residences

Sep.September 17, 2014 03:45 PM

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.

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

Related Articles

Homestead school and Achikam Yogev

Aspira sells third South Florida charter school

The Eureka Drive site, Deme Mekras, Elliot Shainberg

Garco buys Miami-Dade land for multifamily project

1075 Southeast Sixth Avenue and Arnaldo Bomnin (Credit: Google Maps)

Auto magnate sells a Homestead dealership for $19M

NextEra Energy CEO James Robo and the property off the Florida Turnpike at Southwest 261st Street (Credit: Facebook and Google Maps)

FPL buys 109 acres near Homestead for natural gas facility

Stuart Miller and Southwest 152nd Avenue in Homestead

Lennar picks up land assemblage in Homestead

From left: Enrique Teran, Ines Hegedus-Garcia and Andres Korda

Avanti Way acquires Homestead brokerage, hires new director

From top left, clockwise: Homestead Pavilion, 14700 Caribbean Way, The Radice III, Congress Corporate Plaza and U.S. Customs & Border Protection building

Here are South Florida’s top commercial sales in May

Alan Esquenazi and Warren Weiser of CREC

Homestead shopping center sells for $62M