Baptist Health South Florida Buys Coral Gables Development Property Site

Baptist Health South Florida has acquired a development site in Coral Gables from an entity co-owned by Ugo Colombo of CMC Group and Masoud Shojaee of Shoma Group, according to multiple sources familiar with the deal.

The 2.8-acre site at 250 Bird Road in Coral Gables was sold to Baptist Health South Florida (PHOTO CREDIT: Avison Young)

The price for the 2.8-acre site at 4112 Aurora St. and 250 Bird Road was not yet recorded in county records. One source with knowledge of the deal said the price was around $37 million.

The seller, Coral Gables Luxury Holdings, was represented by Avison Young. Baptist Health, the largest hospital operator in South Florida, has its administrative building nearby. It also owns a hospital in Coral Gables.

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