Miami Jewish Health plans a 192-unit independent senior living complex at its existing campus in Miami’s Buena Vista.
The project, called FiftyTwoNorth, will consist of a pair of five-story buildings and an 11-story building at 5200 Northeast Second Avenue, all geared to residents who are 62 and older, according to Miami Jewish Health. The nonprofit is partnering with senior living provider Greystone Communities on the project.
Construction is expected to start in 2027 and be completed in 2028.
The $180 million project will be partly financed with tax-exempt revenue bonds. Miami Jewish Health, led by CEO Jeffrey P. Freimark, also will launch a capital campaign to cover some of the cost, according to the organization. It will charge residents a one-time entrance fee and monthly service fees.
At its main campus in Buena Vista, Miami Jewish Health offers independent and assisted living, long-term care and memory care, short-term skilled nursing and rehabilitation, outpatient physician and rehabilitation services, and the MIND Institute that focuses on neurocognitive disorders, according to the organization.
FiftyTwoNorth will replace some existing buildings. Most are administrative, so care and services offered now won’t be affected, Miami Jewish Health said in a statement.
The nonprofit, which has had a South Florida presence for more than 85 years, also operates five Pace Centers (Program of All-Inclusive Care for the Elderly) in South Florida, and has a seniors affordable housing campus in Pembroke Pines.
South Florida is a hub for independent and assisted living facilities, as well as skilled nursing, memory care and rehabilitation centers, partly due to the state’s reputation as a retiree magnet.
In 2020, Florida ranked second nationwide for its share of residents over 65 years old, representing 21.2 percent of the population, according to the University of Virginia Weldon Cooper Center for Public Service, which used U.S. Census data. The state is expected to keep the second ranking in 2030, 2040 and 2050, when 25.5 percent, 25.9 percent and 25 percent of its population, respectively, will be over 65, according to the Weldon Cooper Center’s analysis.