Stonemont broke ground on a 53,370-square-foot neighborhood hospital and a 47,000-square-foot medical outpatient building (MOB) in Palm Beach Gardens, Florida. Stonemont is partnering with the Sina Companies and Fengate Asset Management to deliver the projects for Jupiter Medical Center. The projects are expected to be completed by 2028.
The two-story neighborhood hospital will offer 24-hour emergency department services, 29 inpatient beds, multiple operating rooms, a diagnostic lab and imaging rooms. The MOB will span three stories and include office space for specialists in women’s health, wound care, pain management, oncology, cardiology and primary care services. Both facilities are located within Avenir, a 4,752-acre, master-planned community.
Stonemont has continued to grow its healthcare platform in 2025-2026. Recent deals for Stonemont include the acquisition of a 24,622-square-foot MOB in Canton, Georgia; the acquisition of a 60,000-square-foot MOB from Northside Hospital in Smyrna, Georgia, and the acquisition of the 103,000 square foot East Cobb Medical Center in Marietta, GA.
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