Turnberry and Belmont Village Senior Dwelling are planning an 11-tale senior residing undertaking with 153 flats in Aventura.
Belmont Village Aventura at 3510 Yacht Club Way will mark the third challenge in South Florida and the 1st partnership with Turnberry for the Houston-dependent senior living developer, a push launch states. Final month, A Belmont Village affiliate compensated $8 million for the 1.4-acre vacant web site from a believe in connected to Turnberry, the Aventura-dependent improvement agency led by CEO Jackie Soffer, documents show. The corporation is co-creating the making with Turnberry, the launch states.
The Belmont Village affiliate also acquired a $64.2 million development bank loan from Synovus Financial institution. The Aventura Town Council authorised the undertaking last 12 months.
The joint enterprise expects to complete Belmont Village Aventura, built by Coral Gables-primarily based Corwil Architects, in 2026, the release states. The prepared making will give a combine of studio, one- and two-bed room units, as properly as penthouses on the 10th and 11th flooring. Tenants will have accessibility to memory care and assisted residing services, the release states.
Features will consist of a cafe, a bistro and rooftop bar, personal temperature-controlled wine storage with semi-personal dining, a physical fitness middle, and an outdoor terrace overlooking the h2o.
Belmont Village, led by CEO Patricia Will, just lately done a mixed-use undertaking in partnership with Baptist Health and fitness South Florida. Belmont Village Coral Gables at 4111 Salzedo Road includes 232 senior dwelling flats and 18,388 sq. ft of floor-floor retail and industrial house. Baptist Well being paid out $37 million for the growth internet site in 2019.
Belmont Village’s to start with challenge in South Florida was in Broward County. The organization made a 12-story, 204-unit senior housing elaborate in close proximity to the Galleria Mall in Fort Lauderdale.
Turnberry is among Miami-Dade County’s key builders with more than $10 billion in commercial and residential property, according to the company’s web-site. Turnberry owns City Centre Aventura, Home Inn by Marriott Aventura Shopping mall, Courtyard By Marriott Aventura and a greater part stake in Aventura Mall.
In Miami Beach front, Turnberry is teaming up with Coconut Grove-based mostly Terra to acquire an 800-essential convention middle lodge. The Grand Hyatt-branded challenge is underneath construction. Turnberry and New York-primarily based LeFrak are also acquiring SoLé Mia, a 184-acre venture in North Miami that will have extra than 5,000 condominium and condominium units, alongside with 1 million sq. feet of retail and commercial place.
