Developer Announces Kendall Medical Office Condos
Miami Today | By: Marilyn Bowden
Flagler Development Group has announced plans for a medical office condo building, One Seventeen Professional Arts Center, next to Town & Country retail center in Kendall. The project, which will consist of two four-story buildings with a combined total of 133,000 square feet, will be east of Florida’s Turnpike at Southwest 117th Avenue and 82nd Drive.
About 85% of the 69,590 square foot east building is pre-sold, mostly to physicians, said Kenneth Weston, president of Kenneth Weston & Associates, Inc., who is marketing the complex for Flagler. “We do have some other professional users purchasing space as well. The parking ratio is five spaces per 1,000, all in covered parking and with direct access to both east and west buildings,” he said.
The proximity to Town & Country Center is indicative of a growing trend to integrate medical offices and retail development, said Mr. Weston, whose firm has specialized in healthcare real estate for more than 25 years, beginning with the first medical office condominiums on the US East Coast.
While the office condo concept is new to many other professional users in South Florida, Mr. Weston said, it’s been popular within the medical profession for decades.