Baptist Health enters joint venture to develop senior living center in Coral Gables

The hospital operator and Houston-based Belmont Village Senior Living also plan similar developments elsewhere in South Florida

250 Bird Road in Coral Gables (Credit: Avison Young | South Florida Business Journal)
250 Bird Road in Coral Gables (Credit: Avison Young | South Florida Business Journal)

Baptist Health South Florida and Belmont Village Senior Living formed a joint venture to develop senior living centers in Coral Gables and elsewhere in South Florida.

Baptist and Houston-based Belmont plan to develop their first South Florida senior living project at 250 Bird Road in Coral Gables.

Construction is expected to start in mid-2020 and conclude within two years of the groundbreaking.

Belmont will manage the development and operation of Belmont Village Coral Gables, which will have a mix of residential units for independent living, assisted living and memory care.

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Belmont is now building Belmont Village Fort Lauderdale at 1031 Seminole Drive, which is expected to open in fall.

Baptist acquired the 2.8-acre development site on Bird Road in January for $37 million. Developers Ugo Colombo and Masoud Shojaee had planned to build condos and retail space on the site before their partnership ended nearly three years ago.

Baptist is a non-profit health care organization with 10 hospitals in South Florida, more than 40 physician practices, and 50 outpatient and urgent care facilities. – Mike Seemuth