{"id":120946,"date":"2026-01-16T19:28:14","date_gmt":"2026-01-16T19:28:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/120946\/"},"modified":"2026-01-16T19:28:14","modified_gmt":"2026-01-16T19:28:14","slug":"umb-bank-provides-131m-for-new-medical-center-in-fort-lauderdale-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/120946\/","title":{"rendered":"UMB Bank Provides $131M for New Medical Center in Fort Lauderdale \u2013 Commercial Observer"},"content":{"rendered":"

Broward Health<\/a> nabbed a $130.8 million construction loan to fund its first new build in a quarter century: a medical office in Downtown Fort Lauderdale, property records show.\u00a0<\/p>\n

The Centurion Foundation<\/a> \u2014 an Atlanta-based nonprofit that arranges debt to support other nonprofits \u2014 has a lease with Broward Health and obtained the leasehold mortgage through a tax-exempt bond from UMB Bank<\/a>.\u00a0<\/p>\n

SEE ALSO: Peachtree Group Provides $30M Construction Loan for N.C. Apartments<\/a><\/p>\n

The financing, scheduled to mature in 2057, backs a 1.8-acre site, owned by the public health system, at 1611 South Andrews Avenue, just west of the full-service Broward Health Medical Center hospital.\u00a0<\/p>\n

The new development will include an eight-story building and a seven-story, 300,000-square-foot parking garage with 700 spots. The 188,000-square-foot office will include as many as 237 rooms for cardiovascular, pulmonology, primary care, gastroenterology, neuroscience, and women\u2019s services.<\/p>\n

The project, designed by The Beck Group and DMZ Architects, is expected to be completed next year.<\/p>\n

Broward Health operates four hospitals across Broward County. The health system also plans to build another medical office in Deerfield Beach. The six-story, 114,000-square-foot building will house as many 123 rooms.<\/p>\n

Representatives for Centurion Foundation and Broward Health did not immediately respond to requests for comment.<\/p>\n

Julia Echikson can be reached at jechikson@commercialobserver.com<\/a>.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Broward Health nabbed a $130.8 million construction loan to fund its first new build in a quarter century:…\n","protected":false},"author":2,"featured_media":120947,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[60582,249,251,250],"class_list":["post-120946","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-lauderdale","tag-1611-south-andrews-avenue","tag-fort-lauderdale","tag-fort-lauderdale-headlines","tag-fort-lauderdale-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/120946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=120946"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/120946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/120947"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=120946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=120946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=120946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}