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Posts Tagged ‘Armando Codina’

City Hall in Doral  ( Photo from footage.shutterstock.com )

City Hall in Doral
( Photo from footage.shutterstock.com )

As I was recently driving around Doral, I just could not believe how the city was changing, from being either a suburban area accommodating guests of the famous Trump National Golf championship golf course or an industrial zoned city to becoming a town where residents will live, work and play. Doral is transforming itself into an urban area, attracting a higher number of residents and investors who are getting tired of the soaring real estate purchase prices and rents in Brickell, Downtown Miami or Miami Beach.

Did you know that  Doral only has approximately 16,000 homes/condos when 200,000 people are currently working there every day ? This City hosts a brand new, contemporary-designed city hall, the headquarters of The Miami Herald, Carnival Cruise Lines and Univision as well as the regional offices of the Federal Reserve and  Pepsi Cola, amongst others. 

Future sidewalks and shops at Downtown Doral

Future sidewalks and shops at Downtown Doral

As I was driving by blocks of empty land, one after the other, I realized the magnitude of a real estate project currently being developed there.

 Downtown  Doral is a new, massive, 120-acre real estate project developed by Codina partners.

It will include several residential and office buildings, townhouses, a 3-acre public park featuring outdoor sculptures by artists John Henry and Michele Oka Doner, a K-5 charter school and a variety of shops and restaurants aligned along a few sidewalks. 5252 Paseo is the first residential building to be built, chosen designer is Adriana Hoyos ( who has a showroom in the Design District ) and groundbreaking is planned for this summer. Its asking prices range from $390,000 to $839,000 for 2 and 3 bedrooms and many units offer a view on the Doral golf course. The second residential building is being launched now. This is a great opportunity to own a newly built home close to one’s work place or a smart way to invest in an area that is more affordable than Brickell or  Miami Beach and where the price of land are on the deep rise.

Also, as Doral is growing, land for large industrial spaces is getting more scarce and warehouses are selling at increasing prices. This trend is not going to stop anytime soon, considering the current need for large storage spaces in Miami-Dade County.

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