Grove Isle developers buy assisted living facility in West Kendall for $16.5M

Grove Isle developers buy assisted living facility in West Kendall for $16.5M

The Residences of United Home Care (Credit: Google Maps)

The Residences of United Home Care (Credit: Google Maps)

United Home Care sold an assisted living facility in West Kendall to a company tied to Grove Isle developers.

Property records show 9355 Miami LLC, led by developers Eduardo Avila and Hector Fernandez-Rousselon, paid $16.5 million for the four-story, 87,674-square-foot building at 9355 Southwest 158th Avenue. United Home Care, led by president and CEO Carlos Martinez, sold the 2.6-acre property.

The buyer financed the acquisition with an $11 million mortgage from Banesco.

The 122-unit building was built in 2015, according to property records. The units are all studios or one-bedrooms and have kitchenettes and ADA-compliant bathrooms, according to United Home Care’s website. The nonprofit began as a division of United Way and the West Kendall development is its only ALF.

The Residences of United Home Care also features a cafe and dining area for residents, a wellness and fitness center, library and technical center, beauty and barber shop, laundry services, and a back-up generator.

It’s close to the West Kendall Baptist Hospital, which was developed between 2011 and 2017. Residential construction ramped back up in West Kendall in recent years, following the recession.

Across the street from the ALF, the owner of a nearly 70-acre site has proposed a major development that would include apartments, hotel rooms, retail stores and office space.

Developers are increasingly turning to senior living and assisted living facilities. In Coral Gables, Baptist Health is partnering with Belmont Village Senior Living to build a luxury senior living facility at the 2.8-acre site at 250 Bird Road.

The post Grove Isle developers buy assisted living facility in West Kendall for $16.5M appeared first on The Real Deal Miami.

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