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Anchor Well being scores $58M development mortgage for Baptist rehab heart in South Miami



A well being care actual property developer scored a $58.4 million development mortgage for a Baptist Well being rehabilitation heart in South Miami. 

Charlottesville, Virginia-based Anchor Well being Properties will develop a 92-bed facility on 2.4 vacant acres at 6201 and 6233 Sundown Drive, in addition to at 7150 Southwest 62nd Avenue, in keeping with South Miami information. First Residents Financial institution & Belief Firm is the lender, information present.

The 97,000-square-foot constructing will rise three tales with a fourth-level penthouse. An adjoining 180-space storage will rise two tales and embody parking on the third-level rooftop. The challenge is a three way partnership between Baptist Well being South Florida and Brentwood, Tennessee-based well being care providers supplier Lifepoint Well being. 

Anchor Well being leased the event web site from South Miami Hospital, a subsidiary of Baptist Well being that has its campus close to the rehab heart web site. South Miami commissioners greenlit the rehab facility in October and the event settlement between Anchor Well being and South Miami Hospital in January, metropolis information present. 

The rehab heart will present inpatient take care of folks recovering from bodily and cognitive medical circumstances, however gained’t embody an emergency division or working rooms. The typical keep on the heart could be 12 to 14 days, in keeping with a presentation by a Baptist and Lifepoint consultant to commissioners in October. 

Led by Ben Ochs, Anchor is a well being care actual property improvement, administration and funding agency, in keeping with its web site. It has accomplished $2 billion price of initiatives and invested practically $3.2 billion in actual property, whereas additionally having 9 million sq. ft of belongings below administration. 

Lifepoint, led by David Dill, is a community of hospitals, rehab and behavioral facilities, and different well being care amenities, its web site reveals. 

Led by Bo Boulenger, Baptist is a Coral Gables-based community of hospitals, in addition to pressing care and well being care facilities. As of 2022, Baptist was in line to pay $14.3 million for a improvement web site at 12401 West Oakland Park Boulevard in Dawn for Baptist’s first Broward County hospital. Deed information present the sale has not been accomplished. 

Final month, Bethesda Hospital offered a vacant 30.7-acre web site that was previously a medical workplace campus at 3800 South Congress Avenue in Boynton Seashore for $37.7 million. The consumers, Foundry Industrial and Wheelock Avenue Capital, plan a 457,000-square-foot industrial challenge on the location. 

Anchor, Lifepoint and Baptist didn’t instantly return requests for remark. 

Different hospitals in enlargement mode in South Florida embody Mount Sinai Medical Middle. It dropped $32 million for a 5.6-acre improvement at 8250 and 8200 Southwest Eighth Avenue in Westchester in September, two months after an legal professional inquired on behalf of an unidentified shopper whether or not a hospital with fewer than 100 beds is allowed on the property.  

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