Doral Market Heats Up

When The Real Deal reported last week that investors and developers are targeting the Doral area in increasing numbers, no one at ComReal was surprised. In fact, we are proud to have pioneered much of the West Dade area’s dynamic growth for more than thirty years.

In the early 1980s, ComReal partnered with a Chicago-based developer to produce America’s Gateway Park–the first fully planned business park in the Airport West Market. The Park consisted of over 2,000,0000 sq. ft. of office, warehouse, flex and retail buildings on about 135 acres.

In the years that followed, ComReal continued its vision for Miami’s westward expansion. Our designated ComReal Doral office opened in July 2017, and the area has continued its upward trajectory since then. Here’s a look at some major recent activity in the area:

July: The Ian Law Family Trust sold a 35,560-square-foot office and retail complex in Doral for $6.6 million to investors who plan to upgrade the property and re-sign a number of leases. The building is located at 9550-9594 Northwest 41 Street.

June: Publix Super Markets paid $70 million for Doral Plaza Shopping Center, anchored by the grocery store. The company bought three properties: 9756 Northwest 41 St, 9785 Northwest 41 St, and 9701 Northwest 41 St.

May: Blackstone Group paid $208.75 million for a pair of neighboring apartment complexes in Doral, split between Doral View at 901 Northwest 97 Avenue and Town Fontainebleau Lakes at 1062 Northwest 87 Avenue.

ComReal is proud of our reputation as visionaries in the South Florida Real Estate community. Contact us today for any of your Commercial Real Estate needs.