Author: Mattoni Group

GID, a Prominent Real Estate Owner, Acquires Premier Mixed-Use Apartment Building in Thriving Ludlam Trail Corridor

The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, is excited to announce the successful sale of Altís Ludlam Trail. This mixed-use, six-story apartment building, located in Miami-Dade, has been acquired by GID, a prominent real estate owner and fiduciary known for investing in diverse asset classes. Altís Ludlam Trail, which was developed in collaboration with MV Real Estate Holdings and The Mattoni Group, is situated on approximately 3 acres of land.

“The Altman Companies are proud to have developed Altís Ludlam Trail into a premier residential community designed to take advantage on the special location along the new Ludlum Trail,” said Seth Wise, CEO of The Altman Companies. “We are thrilled to transition ownership to such an esteemed organization as GID. This transaction continues a long and successful relationship with GID.”

Altís Ludlam Trail has been highly regarded for its innovative design, luxurious amenities, and vibrant live-work-play environment. The community offers an array of Class-A amenities, including a rooftop resort-style pool, fully amenitized pool deck with fabulous views of the Miami skyline, and a rooftop clubhouse with a media room, fitness center, and coffee bar. Additional features include lots of “work from home” workspace with high-speed internet access, a synthetic turf gaming area, and a hammock garden. Altís Ludlam Trail is also a pet-friendly community, with an indoor air-conditioned dog grooming spa and a bark park conveniently located adjacent to the new Ludlam Trail, allowing residents to enjoy quality time with their furry companions.

“GID aims to create thriving communities where people feel truly cared for through our in-house property management company, Windsor Communities. With its prime location and top-notch amenities, Altís Ludlam Trail presents an exciting opportunity within the Miami-Dade market,” said Greg Bates, President and CEO of GID. “The Altman Companies are known for their commitment to excellence and high standards, and we will continue to prioritize and elevate that level of experience at Altís Ludlam Trail.”

Situated in the Bird Road development area of the Ludlam Trail Corridor District, Altís Ludlam Trail comprises 312 ultra-luxe apartments with an average unit size of 820 square feet. Developed in partnership with MV Real Estate Holdings and The Mattoni Group, the property occupies approximately 3 acres of land. Altís Ludlam Trail is National Green Building Standard (NGBS) certified, incorporating sustainable initiatives such as energy-efficient designer lighting, ENERGY STAR® appliances, individual unit electric meters, sub-metered water, high-efficiency water heaters, and programmable thermostats with humidistat. The community also features electric car charging stations, promoting green energy and sustainability.

“We are delighted to have partnered with The Altman Companies in the development of Altís Ludlam Trail, an exceptional community that combines luxury living with sustainability,” said Ricardo Caporal, President of The Mattoni Group. “Our shared vision has come to life in this project, and we are proud to have been a part of creating a truly remarkable residential experience for the residents.”

“We are so proud to have worked on this legacy project that helped shape the future for the entire Ludlam Trail masterplan,” said Alex Mantecon of MV Real Estate. “It has been amazing to collaborate with our partners on Altís Ludlam Trail and we are excited for more transformational development to take place in this area as we continue to make a lasting impact along the Ludlam Trail.”

In addition to the residential component, Altís Ludlam Trail offers 7,500 square feet of retail space. Its prime location is less than a mile from the Palmetto Expressway, two miles from the University of Miami, and three miles from Coral Gables. Additionally, Altís Ludlam Trail will be under the management of Windsor Communities, a nationally recognized property management company.

For an appointment or for more information on The Altman Companies, please visit www.altmancos.com.

In an exciting development for the real estate market, The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, is excited to announce the successful sale of Altís Ludlam Trail. This mixed-use, six-story apartment building, located in Miami-Dade, has been acquired by GID, a prominent real estate owner and fiduciary known for investing in diverse asset classes. Altís Ludlam Trail, which was developed in collaboration with MV Real Estate Holdings and The Mattoni Group, is situated on approximately 3 acres of land. 

“The Altman Companies are proud to have developed Altís Ludlam Trail into a premier residential community designed to take advantage on the special location along the new Ludlum Trail,” said Seth Wise, CEO of The Altman Companies. “We are thrilled to transition ownership to such an esteemed organization as GID. This transaction continues a long and successful relationship with GID.” 

Altís Ludlam Trail has been highly regarded for its innovative design, luxurious amenities, and vibrant live-work-play environment. The community offers an array of Class-A amenities, including a rooftop resort-style pool, fully amenitized pool deck with fabulous views of the Miami skyline, and a rooftop clubhouse with a media room, fitness center, and coffee bar. Additional features include lots of “work from home” workspace with high-speed internet access, a synthetic turf gaming area, and a hammock garden. Altís Ludlam Trail is also a pet-friendly community, with an indoor air-conditioned dog grooming spa and a bark park conveniently located adjacent to the new Ludlam Trail, allowing residents to enjoy quality time with their furry companions. 

“GID aims to create thriving communities where people feel truly cared for through our in-house property management company, Windsor Communities. With its prime location and top-notch amenities, Altís Ludlam Trail presents an exciting opportunity within the Miami-Dade market,” said Greg Bates, President and CEO of GID. “The Altman Companies are known for their commitment to excellence and high standards, and we will continue to prioritize and elevate that level of experience at Altís Ludlam Trail.” 

Situated in the Bird Road development area of the Ludlam Trail Corridor District, Altís Ludlam Trail comprises 312 ultra-luxe apartments with an average unit size of 820 square feet. Developed in partnership with MV Real Estate Holdings and The Mattoni Group, the property occupies approximately 3 acres of land. Altís Ludlam Trail is National Green Building Standard (NGBS) certified, incorporating sustainable initiatives such as energy-efficient designer lighting, ENERGY STAR® appliances, individual unit electric meters, sub-metered water, high-efficiency water heaters, and programmable thermostats with humidistat. The community also features electric car charging stations, promoting green energy and sustainability. 

“We are delighted to have partnered with The Altman Companies in the development of Altís Ludlam Trail, an exceptional community that combines luxury living with sustainability,” said Ricardo Caporal, President of The Mattoni Group. “Our shared vision has come to life in this project, and we are proud to have been a part of creating a truly remarkable residential experience for the residents.” 

“We are so proud to have worked on this legacy project that helped shape the future for the entire Ludlam Trail masterplan,” said Alex Mantecon of MV Real Estate. “It has been amazing to collaborate with our partners on Altís Ludlam Trail and we are excited for more transformational development to take place in this area as we continue to make a lasting impact along the Ludlam Trail.”

In addition to the residential component, Altís Ludlam Trail offers 7,500 square feet of retail space. Its prime location is less than a mile from the Palmetto Expressway, two miles from the University of Miami, and three miles from Coral Gables. Additionally, Altís Ludlam Trail will be under the management of Windsor Communities, a nationally recognized property management company.  

For an appointment or for more information on The Altman Companies, please visit www.altmancos.com. 

The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, is excited to announce the successful sale of Altís Ludlam Trail. This mixed-use, six-story apartment building, located in Miami-Dade, has been acquired by GID, a prominent real estate owner and fiduciary known for investing in diverse asset classes. Altís Ludlam Trail, which was developed in collaboration with MV Real Estate Holdings and The Mattoni Group, is situated on approximately 3 acres of land. 

“The Altman Companies are proud to have developed Altís Ludlam Trail into a premier residential community designed to take advantage on the special location along the new Ludlum Trail,” said Seth Wise, CEO of The Altman Companies. “We are thrilled to transition ownership to such an esteemed organization as GID. This transaction continues a long and successful relationship with GID.” 

Altís Ludlam Trail has been highly regarded for its innovative design, luxurious amenities, and vibrant live-work-play environment. The community offers an array of Class-A amenities, including a rooftop resort-style pool, fully amenitized pool deck with fabulous views of the Miami skyline, and a rooftop clubhouse with a media room, fitness center, and coffee bar. Additional features include lots of “work from home” workspace with high-speed internet access, a synthetic turf gaming area, and a hammock garden. Altís Ludlam Trail is also a pet-friendly community, with an indoor air-conditioned dog grooming spa and a bark park conveniently located adjacent to the new Ludlam Trail, allowing residents to enjoy quality time with their furry companions. 

“GID aims to create thriving communities where people feel truly cared for through our in-house property management company, Windsor Communities. With its prime location and top-notch amenities, Altís Ludlam Trail presents an exciting opportunity within the Miami-Dade market,” said Greg Bates, President and CEO of GID. “The Altman Companies are known for their commitment to excellence and high standards, and we will continue to prioritize and elevate that level of experience at Altís Ludlam Trail.” 

Situated in the Bird Road development area of the Ludlam Trail Corridor District, Altís Ludlam Trail comprises 312 ultra-luxe apartments with an average unit size of 820 square feet. Developed in partnership with MV Real Estate Holdings and The Mattoni Group, the property occupies approximately 3 acres of land. Altís Ludlam Trail is National Green Building Standard (NGBS) certified, incorporating sustainable initiatives such as energy-efficient designer lighting, ENERGY STAR® appliances, individual unit electric meters, sub-metered water, high-efficiency water heaters, and programmable thermostats with humidistat. The community also features electric car charging stations, promoting green energy and sustainability. 

“We are delighted to have partnered with The Altman Companies in the development of Altís Ludlam Trail, an exceptional community that combines luxury living with sustainability,” said Ricardo Caporal, President of The Mattoni Group. “Our shared vision has come to life in this project, and we are proud to have been a part of creating a truly remarkable residential experience for the residents.” 

“We are so proud to have worked on this legacy project that helped shape the future for the entire Ludlam Trail masterplan,” said Alex Mantecon of MV Real Estate. “It has been amazing to collaborate with our partners on Altís Ludlam Trail and we are excited for more transformational development to take place in this area as we continue to make a lasting impact along the Ludlam Trail.” 

In addition to the residential component, Altís Ludlam Trail offers 7,500 square feet of retail space. Its prime location is less than a mile from the Palmetto Expressway, two miles from the University of Miami, and three miles from Coral Gables. Additionally, Altís Ludlam Trail will be under the management of Windsor Communities, a nationally recognized property management company.  

For an appointment or for more information on The Altman Companies, please visit www.altmancos.com. 

Century Homebuilders Group wants to revamp a future phase of its Midtown Doral development, reducing the amount of commercial space in exchange for building more apartments.

Midtown Doral is a 30-acre project on the west side of Northwest 107th Avenue and both sides of Northwest 82nd Street that’s being developed through multiple phases. The first phase, completed in 2016, has 537 apartments and 68,500 square feet of commercial space. In 2022, local developers Century
Homebuilders and partner Mattoni Group broke ground on the first half of Phase II, consisting of 326 apartments, 39,445 square feet of commercial space and a 47,000-square-foot clubhouse.

At the time, the second half of Phase II was to be 349 apartments and 53,555 square feet of commercial space.

The city will hold a Council Zoning Meeting on April 26 to amend plans for that phase to 408 apartments and 27,546 square feet of commercial, plus the clubhouse would be expanded to 58,000 square feet. It would remain eight stories tall. The land for Phase II, which is on the north side of Northwest 82nd Street, is owned by Century Town Center 2, a partnership between Century Homebuilders and Mattoni Group.

“We realized it was too much commercial space and instead we’re adding more residential units,” said Century Homebuilders President and CEO Sergio Pino. “The issue with commercial space in mixed-use projects is they are for mom-and-pop businesses, not big-box stores. How many veterinarians and nail care places can you have? We were looking for a small grocery store but there are none left. There are eight or nine restaurants in that area already.”

He said the new building will have residential units on the ground floor. The demand for apartments in Doral remains strong, Pino said, as people want to live closer to where they work.

He anticipates completing construction of the 326-unit building at Midtown Doral in September.

Doral-based Pascual, Perez, Kiliddjian & Associates is the architect of the project. Miami-based attorney Alejandro J. Arias represents the developer in the application.

The full Midtown Doral site extends up Northwest 107th Avenue up to Northwest 90th Street, but Century Homebuilders doesn’t own any additional property other than what’s in its current application. However, an additional 505 apartments, 141,749 square feet of commercial space and 75,000 square feet of offices are permitted on the northern part of the site. Wilmington, Delaware-based New Doral 107 LLC owns 4.6 acres of that land, Miami-based MTD Unit 3 503 LLC owns 2.2 acres and Doral-based Delcop Group owns five acres.

ZOM Living, one of the nation’s leading developers of multifamily housing, in a joint venture partnership with Mattoni Group, Scout Capital and AEW Capital Management, has announced the completion of the first phase of the transformative development MiLine Miami.

Phase One includes the delivery of 338 luxury, mid-rise apartments, 4,600 square feet of retail space featuring a brewery and two restaurants, and 1,300 linear feet of the Ludlam Trail for residents and the broader community to enjoy outdoor recreational activities such as walking, biking and hiking.

With direct access to the Ludlam Trail linear park, MiLine Miami’s first phase is comprised of a six-story, upscale apartment building featuring large-scale art murals and a range of street art throughout the property. The first residents are beginning to move in, with studios, one-, two- and three-bedroom apartment options available ranging from 580 to 1,700 square feet.

The residential community’s lifestyle-driven amenities include a pool deck with cabanas and grilling area, Zen courtyard, fire pit, social room, membership-quality fitness center, aqua lounge and coworking spaces.

MiLine Miami will feature other one-of-a-kind amenities, including a local brewery named Thorn by the founders of Lincoln’s Beard Brewing Co. that will occupy the retail space. The beer garden will be anchored by two additional restaurants to be announced soon.

Residents will benefit from having 50,000 square feet of outdoor amenity space, which includes the walking and biking trail, a dog park, an event lawn, and outdoor public and private plazas perfect for recreation and gatherings.

“ZOM is excited to deliver phase one of our MiLine Miami community, including welcoming Lincoln’s Beard brewery Thornto the property and delivering the first segment of the Ludlam Trail, which will create an exceptional outdoor pedestrian experience for residents and the surrounding community,” said Kyle Clayton, senior vice president of ZOM Living.

“Our team is already beginning work on the remaining phases of the project that will expand this section of trail to a full half mile, add another 600 apartments and more amenities to the community.”

The Ludlam Trail is being redeveloped into a beautiful linear park that spans six miles, adorned with colorful, public art. The trail path will connect four parks, three waterways, two Metrorail stations at Dadeland North and South and five schools.

“Our vision has always been to engage and activate the Ludlam Trail and have this project be a catalyst for creating a unique mixed-use neighborhood in Miami,” said Ricardo Caporal, founder and president of Mattoni Group.

The MiLine Miami community also offers convenient access to Miami’s sights and landmarks with its proximity to the Biltmore Hotel and the University of Miami, plus a variety of dining and entertainment options such as the open-air shopping district Miracle Mile and Shops at Merrick Park.

“The transformative and human-centered nature of this mixed-use development fits well with our strategy to invest in real estate projects positioned for sustained, long-term growth,” said Jess Bissey, chief sustainability officer of AEW Capital Management.

Uniquely designed, the sophisticated apartment units at MiLine Miami are equipped with a smart home system that allows residents to use voice commands to control the unit’s lighting, see who’s at the front door and let them in, set the home’s temperature and play their favorite tunes — all with the touch of an app. Unit interior finishes include exposed concrete ceiling, quartz counter tops and hard-surface luxury flooring throughout the apartment.

The three-phase, mixed-use development of MiLine Miami spans an 11.4-acre site with a mix of uses that include approximately 975 apartments and 23,000 square feet of retail space. The second phase will comprise 337 apartments including 32 townhome units and is slated to start construction by the end of the year. The third phase will deliver an additional 300 apartments and 18,000 square feet of retail space.

For more information on MiLine Miami, visit www.milinemiami.com.

To see more #Miaminews from #Aventura to #Coralgables to #SouthMiami, #Pinecrest, #Palmetto Bay and #Cutler Bay and all throughout #Miamidadecounty go to:
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MiLine Miami’s first phase includes 338 luxury units, 4,600 square feet of retail space, and the first segment of the 6-mile Ludlam Trail linear park.

ZOM Living, in a joint-venture partnership with Mattoni Group, Scout Capital, and AEW Capital Management, has completed the first phase of MiLine Miami. Phase one includes 338 mid-rise apartments and 4,600 square feet of retail space featuring a brewery and two restaurants. It also includes 1,300 linear feet of the Ludlam Trail for residents and the public to enjoy.

“Our vision has always been to engage and activate the Ludlam Trail and have this project be a catalyst for creating a unique mixed-use neighborhood in Miami,” says Ricardo Caporal, founder and president of Mattoni Group.

The 338 apartments are a mix of studio, one-, two-, and three-bedroom apartments within a six-story building. Ranging in since between 580 and 1,700 square feet, the units are equipped with smart home systems for residents to use voice commands to control lighting, front door access, temperature, and music. Finishes feature exposed concrete ceilings, quartz countertops, and hard-surface luxury flooring throughout.

Residents’ amenities include a fire pit, a social room, a fitness center, an aqua lounge, coworking spaces, a Zen courtyard, an event lawn, a dog park, and a pool deck with cabanas and a grilling area. With direct access to Ludlam Trail, the 6 miles of linear park will include public art and connect four parks, three waterways, and two Metrorail stations at Dadeland North and South. The development’s brewery, Thorn by the founders of Lincoln’s Beard Brewing Co., is anchored by two restaurants.

“ZOM is excited to deliver phase one of our MiLine Miami community, including welcoming Lincoln’s Beard brewery Thorn to the property and delivering the first segment of the Ludlam Trail, which will create an exceptional outdoor pedestrian experience for residents and the surrounding community,” says Kyle Clayton, senior vice president of ZOM Living. “Our team is already beginning work on the remaining phases of the project that will expand this section of trail to a full half mile, and add another 600 apartments and more amenities to the community.”

MiLine Miami’s three phases will span an 11.4-acre site and include 975 apartments with 23,000 square feet of retail space. Slated to start construction by the end of the year, phase two will offer 337 apartments and 32 townhome units. By completion, the third phase will include the final 330 apartments and 18,000 square feet of retail.

Jess Bissey, chief sustainability officer of AEW Capital Management, says, “The transformative and human-centered nature of this mixed-use development fits well with our strategy to invest in real estate projects positioned for sustained, long-term growth.”

ZOM Living — in a joint venture partnership with Mattoni Group, Scout Capital and AEW Capital Management — has completed the of the first phase of MiLine Miami, a $400-million mixed-use development in Miami.

The three-phase, mixed-use development of MiLine Miami spans an 11.4-acre site with a mix of uses that will ultimately include 975 apartments and 23,000 square feet of retail space.

Phase one is a six-story midrise with 338 apartments and 4,600 square feet of retail space with a brewery and two restaurants. It has direct access Ludlam Trail, which is being redeveloped into a linear park that spans six, public-art adorned miles. The trail path will connect four parks, three waterways and two Metrorail stations.

The development’s second phase will comprise 337 apartments including 32 townhome units, and the third phase will deliver an additional 300 apartments and 18,000 square feet of retail space. MiLine Miami will also have 50,000 square feet of outdoor amenity space.

MIAMI — A joint venture between ZOM Living, Mattoni Group, Scout Capital and AEW Capital Management has completed the first phase of MiLine Miami, a mixed-use development in Miami spanning 11.4 acres. Phase I includes the delivery of a six-story, 338-unit apartment community, 4,600 square feet of retail space and 1,300 linear feet of the Ludlam Trail.

Apartments come in studios, one-, two- and three-bedroom options ranging from 580 to 1,700 square feet, and community amenities include a swimming pool and pool deck with cabanas, grilling area, Zen courtyard, fire pit, social room, fitness center, aqua lounge and coworking spaces. The retail space in Phase I houses Thorn, a local brewery by the founders of Lincoln’s Beard Brewing Co. The beer garden will be anchored by two restaurants to be announced soon.

Phase II of MiLine Miami will comprise 337 apartments — including 32 townhome units — and is slated to start construction by the end of the year. The third phase will deliver an additional 300 apartments and 18,000 square feet of retail space. The Ludlam Trail is being redeveloped into a linear park that spans six miles and connect four parks, three waterways, two Metrorail stations at Dadeland North and South and five schools.

Development of an adjacent park was a catalyst for the creation of this mixed-use neighborhood.

Multifamily housing developer ZOM Living, along with partners Mattoni Group and AEW Capital Management LP, have completed MiLine Miami’s first phase.

This initial portion of the mixed-use development in West Miami-Dade County features 338 midrise apartments, along with 4,600 square feet of retail space that incorporates a brewery, a beer garden and a pair of restaurants. Also included in Phase I is delivery of the first segment of the 6-mile Ludlam Trail linear park. Residents will benefit from direct access to this outdoor recreational amenity offering walking, biking and hiking.

Designed to include a total of three phases, MiLine Miami will eventually spread across an 11.4-acre site and feature 975 apartments and 23,000 square feet of retail space.

The six-story luxury apartment community offers studios, one- two- and three-bedroom apartments, ranging from 580 to 1,700 square feet in size. The lifestyle-driven amenity package at MiLine Miami includes a pool deck with cabanas and grilling areas.

Easy access

The location of MiLine Miami in the predominantly residential Glevnar Heights enclave 10 miles southwest of downtown Miami, is next to the expansive Tropical Park. Residents will enjoy convenient access to Miami attractions that include Dadeland Mall, the Shops at Sunset Place, Fairchild Tropical Botanic Garden and the University of Miami, all located within a short drive of MiLine Miami. A number of primary thoroughfares, among them the Palmetto Expressway, U.S. 1 and Bird Road, link Glevnar Heights to the remainder of Miami-Dade County and points beyond. A broad array of plazas with diverse retail and restaurant options fill the northern portion of Glevnar Heights.

Earlier this year, ZOM Living sold Hazel SouthPark in Charlotte for $131 million.

It’s not every day that a city is born, but it happened Jan. 28, 2003, when Doral, Florida, was incorporated, becoming one of 34 municipalities in Miami-Dade County. That paved the way for Codina Partners to move forward with a grand-scale mixed-use project 1 mile from Miami International Airport and 12 miles from Downtown Miami. Called Downtown Doral, the project includes homes, schools, a government center, retail and, pivotally, restaurants.

Nineteen years later, the 250-acre project is two-thirds complete. It’s a residential and office community, but it’s the more than 70 retail stores, restaurants, bars and entertainment spaces — spanning 250,000 square feet and split roughly 45% non-food to 55% food — that people think of when they refer to Downtown Doral, according to JLL retail advisory senior vice president Rafael Romero, who handles business development, as well as landlord and tenant representation, throughout Florida.

A Foodie’s Paradise

Ana-Marie Codina Barlick — CEO of development, investment and property management firm Codina Partners — said her team has taken its time to find the right restaurateurs and chefs. They wanted a unique and varied offering so a visitor could have different cuisine every night.

Restaurants include tapas place Bulla Gastrobar; Dragonfly Izakaya & Fish Market, a combination restaurant and fish market with a sushi-centric menu; and Pisco y Nazca, a ceviche gastrobar with unique cocktails. Coming soon are DC Pie Co., a brick-oven, Brooklyn-style pizza joint by Lucali owner Dominic Cavagnuolo; Sports Grill, a Miami staple serving grilled wings; and a first Florida location for Texas eatery Sweet Paris Creperie & Cafe.  

The project has drawn prominent chefs like celebrity pastry chef Antonio Bachour, who opened Bachour restaurant and bar; and Eileen Andrade of Finka Table & Tap, who opened Barbakoa by Finka. New York City-based Mexican chef Julian Medina will open a 5,000-square-foot Mexican restaurant at Downtown Doral for his first South Florida outpost.

“It’s an up-and-coming neighborhood,” Andrade said of Doral. “It was important for our brand to reach a new neighborhood, something that we hadn’t tapped into before. Possibly the people in Doral wouldn’t necessarily go to West Kendall to our other locations, so it was important for me to tap into a new community and reach new followers.”

Before the area emerged officially as Downtown Doral, the food tenants it drew were small local operators like Venezuelan and Colombian chains and traditional U.S. chains like Wendy’s and Panera, according to Romero, who along with his JLL team is marketing roughly 30,000 square feet of retail in the latest phase of Century Homebuilders Group’s Midtown Doral project in Doral.

“Downtown Doral is particularly important,” Romero said. “What I think it proved early on was the ability to support real retail, real restaurants and entertainment, and it’s those components that have put it on the map to locals.”

Shop Till You Drop

When Maria Juncadella, managing principal of South Florida commercial brokerage Fairchild Partners, assumed the retail leasing assignment at Downtown Doral about two years ago, the retail portion of the project was 70% leased and another 10% was in the pipeline. Today, it’s 90% leased. She said most prospects the team considers are Florida restaurateurs and retailers that are new to Doral or looking to expand their Doral presences. The second-highest inquiry volume comes from outside Florida, followed by businesses from Latin America looking to establish Miami outposts.

Shops at Downtown Doral include the European-style TG Bridal boutique, Ballet Boutique dancewear, full-service boutique flower shop Doral Orchids Florals & Events and Skyros Sports, a sports apparel brand known for high-quality running gear and accessories. South Florida cigar lounge Smoke & Oak also recently signed a deal there.

Retail and restaurant asking rents at Downtown Doral start at $50 per square foot per year net of common area maintenance charges. Terms span five to 10 years, per a Codina spokeswoman. Meanwhile, retail sales have been ticking up there. At 21 stores that Codina has been tracking, sales have increased 40% from 2019 levels, the spokeswoman said. The tenants with the largest increases have been restaurants and experiential retail. “This is a primarily residential community, but the retail is the ultimate amenity,” Codina Barlick noted.

Doral Grows Up

Downtown Doral is a $1 billion, mixed-use infill development that stretches from Northwest 87th Avenue to Northwest 79th Avenue and from Northwest 54th Street to Northwest 41st Street. Conceptualized by Coral Gables, Florida-based Codina Partners in the early 2000s, the master-planned mixed-use community includes 1 million square feet of Class A office, 5,000 residential units, an elementary school, a middle and high school property, City Hall and public green spaces.

Codina Partners acquired the first part of the site, a suburban office park, in 2004. In 2016, Codina and Miami-based Lennar acquired an active golf course. Lennar is the developer of Urbana, a new home community within Downtown Doral. The entire Downtown Doral should be complete in about five years, Codina Barlick said.

The project has paved the way for other developments in Doral, which had a population of 75,874 as of April 2020, according to the U.S. Census Bureau. “It’s one of the largest concentrations of single-owner-controlled and developed residential [space] in Doral,” Romero said. Besides Midtown Doral, projects of note in Doral include the Doral Square retail and office development and CityPlace Doral, which offers retail, entertainment, dining and homes. And former President Donald Trump is looking to add a mixed-use development called Doral International Towers to Trump National Doral Golf Club, according to Commercial Observer.

Family Is the Driving Force

In recent times, Doral has seen rapid growth, offering new residences and dynamic retail. Indeed, according to the city of Doral’s website, Florida International University’s Metropolitan Center Doral named it the fastest-growing city in Florida and 11th in the country.

Juncadella, the broker handling Downtown Doral’s retail leasing, said Doral is a former “sleepy” suburban area, in which Codina Partners created a “work-live-play-learn community.” She added that Codina Partners has curated the retail to ensure it remains a family-friendly destination, “which is not easy because a lot of the businesses that have survived and done well have to do with bars and more adult-type of places.”

Romero gives Codina Partners props for developing a project that the whole family can enjoy. “Downtown Doral has done an exceptional job of creating a retail environment that is very, very family friendly,” he said.