DADELAND, Fla. — Sunset Point ALF, an affiliate of Miami-based real estate development firm CIP Group, and LV Development, an affiliate of Miami-based Linkvest Capital, have formed a joint venture to develop a 40,000-square-foot, 120-bed assisted living facility in an unincorporated area near Dadeland.
The partners acquired the vacant site for $3.7 million from Stupp Family Partnership. Groundbreaking is slated for first-quarter 2022.
CIP Group and Linkvest Capital, through its LV Lending affiliate, are also developing Miami Springs Town Center, a 120,225 square-foot mixed-use project with 51 rental units and 23,500 square feet of retail in Miami Springs.
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