Construction on a news luxury Senior living the project will start in mid-2020 and will be completed within two years according to an article in the Real Deal.com. The Collection Residences in Coral Gables was originally a high-end luxury condo development and now is owned by Baptist Health South Florida and Belmont Village Senior Living to provide a luxury Senior living facility at 250 Bird Road. The 2.8-acre site was purchased in January for $37 million.
This property was previously at the center of a lawsuit between developers planning to build 128 condominiums and retail space until the partnership ended three years ago and litigation pursuit. Baptist has been expanding throughout South Florida and plans to target the Miami-Dade County, Broward, Palm Beach, and Monroe County for their luxury Senior facility. Belmont Village currently has 29 properties with about 4000 units in seven states and Mexico City. It plans on future projects in Lincoln Park in Chicago and Fort Lauderdale. Baptist recently opened a four-story, 60,000 square-foot outpatient facility in Crescent Heights.