700-Foot Vertical Medical City Being Planned On Biscayne Boulevard, Valued At $2.1B
An Orlando company submitted plans to the Federal Aviation Administration last week for a 700-foot downtown Miami project called Vertical Medical City Biscayne.
The application was filed on January 22. According to the application, the project will be built in the 1600 block of Biscayne Boulevard. Construction is scheduled to begin in January 2021.
An affiliate of Ponte Health Properties, LLC is the developer. A press release from Ponte in October 2019 said that Vertical Medical City Biscayne will be built in the Bayfront Park vicinity in downtown Miami. The project will be valued at $2.1 billion and include 90+ stories of development, the release said.
Ponte is also planning similar projects in Orlando and Chicago. All Vertical Medical City locations are planned to include residential Independent Living, Memory Care Units, Urgent Care, Medical Office and Outpatient Surgery and Services Spaces, Urban Farming, and Research and Development spaces as part of a complex mixed-used geriatric-focused project, according to Ponte.