MIAMI, FL – March 28, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces today it has advised on the formation of a programmatic joint venture between Baptist Health South Florida, the largest not-for-profit healthcare organization in the region, and Belmont Village Senior Living, a nationally recognized luxury senior housing provider, to develop, own and operate senior housing communities in South Florida. HFF also advised the new partners on their first development site acquisition.

The venture is launching with the creation of a community close to the Shops at Merrick Park in downtown Coral Gables.  The project will be located at 250 Bird Road, a 2.83-acre city block, which was acquired by Baptist Health South Florida.  The community, which will be named Belmont Village Coral Gables, will offer independent living, assisted living and memory care units.  Construction is projected to start in mid-2020 and will be complete within two years of commencement.  Belmont Village will manage development and operation of the community.  

The area initially targeted by the partnership will include Miami-Dade, Broward, Palm Beach and Monroe counties.

The HFF team advising Baptist Health South Florida included executive managing director Manuel de Zárraga, senior director Maurice Habif and associate Ted Taylor.