Partnership between Stonemont, Sina Companies and Fengate Break Ground on Two Healthcare Facilities for Jupiter Medical Center in Florida

PALM BEACH COUNTY, Fla. (June 17, 2026) – Stonemont, an Atlanta-based private real estate investment firm specializing in healthcare and industrial development and acquisitions, today announced the groundbreaking of 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 with high-end residences, nature-forward amenities and a Town Center featuring 400,000 square feet of retail space and two million square feet of office space.

“These projects represent a major step forward in expanding access to high-quality healthcare for the growing Palm Beach Gardens community,” said McLean Voelkel, Vice President at Stonemont. “Avenir is a thoughtfully curated neighborhood that will benefit greatly from Jupiter Medical Center’s presence in the area. Alongside our partner, we’re proud to deliver state-of-the-art facilities that will bring essential medical services closer to the Avenir 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.

For more information on Stonemont and its initiatives, click here.