MIAMI and HOUSTON — Baptist Health South Florida, a Miami-based nonprofit healthcare organization, and Belmont Village Senior Living, a Houston-based seniors housing owner-operator, have created a joint venture to develop new seniors housing properties in South Florida.
The area initially targeted by the partnership will include Miami-Dade, Broward, Palm Beach and Monroe counties.
The venture will launch with the creation of a community close to the Shops at Merrick Park in downtown Coral Gables. Construction is projected to start mid-2020 and to complete within two years.
Belmont Village will manage development and operation of Belmont Village Coral Gables, which will offer independent living, assisted living and memory care. It will be Belmont Village’s second community in the region. Belmont Village Fort Lauderdale is projected to open Fall 2019.