The redevelopment, branded Hazel Doral, will replace the three-story, 109,750-square-foot Westside Plaza II office building with a seven-story multifamily development featuring 380 apartments. Forty percent of the units will be designated as workforce housing to comply with the Live Local Act.
A report from Prologis Research indicates a new industrial real estate cycle is kicking off in 2026. Although rental demand was soft in the first half of 2025, it improved in the back half as trade headwinds cleared and corporations refocused on long-term supply chain needs.