High-End Senior Housing Community on Tap for Coral Gables
Belmont Village Coral Gables is the first senior housing community planned in South Florida by developer Belmont Village Senior Living and Baptist Health South Florida.
June 05, 2020 at 03:39 PM
3 minute read
Seniors soon will get a new residential option in Coral Gables steps from the Shops at Merrick Park offering amenities focusing on their lifestyle and health.
Belmont Village Coral Gables will be a 10-story, 232-unit senior community with 18,388 square feet of ground-floor retail space and a three-story pedestal garage.
Belmont Village Senior Living — a Houston-based developer, owner and manager of high-end senior housing communities — is developing the project in partnership with Baptist Health South Florida, the biggest nonprofit health care provider in the region.
Baptist Health will bring its Healthy Living Center by Baptist Health wellness center to the ground floor of Belmont Village. Residential options include independent living, assisted living and memory care, and units range from studios to two-bedroom apartments.
The project, which will include a courtyard and landscaped pedestrian path, will be on 2.5 acres southeast of Le Jeune and Bird roads at 4111 Salzedo St.
The property now is home to office buildings, a parking lot, warehouse and buildings designated for educational, automotive and marine uses, according to the Miami-Dade County property appraiser's office.
Baptist Health South Florida Inc. bought the property for $37 million in January 2019 from Coral Gables Luxury Holdings LLC, an affiliate of the Coral Gables-based Shoma Group real estate developer, according to county property and state corporate records.
Belmont Village amenities include several restaurants, sports lounge, beauty salon and a music and arts room. A full-time nurse will be on site about a mile from Miracle Mile and Giralda Plaza.
The Coral Gables City Commission unanimously approved the project May 26.
Belmont Village Senior Living, which owns and operates 31 senior housing communities in the U.S. and Mexico City, is partnering with Baptist Health to develop senior residential projects in South Florida.
"As strategic and capital partners with Baptist Health South Florida, our joint venture was created to reimagine the integration of hospitality and health care in senior housing with Coral Gables being our first in a series of communities planned for the region," Patricia Will, Belmont co-founder and CEO, said in a statement.
The Coral Gables location is their first venture together and Belmont Village Senior Living's second project in the region. Its 204-unit Fort Lauderdale project at 1031 Seminole Drive northeast of the Galleria Mall is set to open the coming weeks.
Construction in Coral Gables is set to start this fall and be completed in late 2022.
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