Multifamily Developer Buys Site At Doral Office Park

An affiliate of ROVR Development has purchased a portion of the parking lot surrounding a Doral office building for a planned multifamily project.

Centrum Doral Owner LLC, an entity of Miami-based Banyan Street Capital, sold three acres south of the Doral Center office building at 8750 N.W. 36th St. for $6 million. The buyer, Doral Gateway LLC, is led by Ricardo Vadia and Oscar Rodriguez of Coral Gables-based ROVR Development, according to property data firm Vizzda. Vadia could not be reached for comment.

Centrum Doral Owner acquired the full 12.4-acre office park for $43 million in 2020. The property contains 295,134 square feet of office space. In 2024, Centrum Doral Owner submitted plans to develop 330 apartments across two buildings on the site. Those plans—covering the portion now sold to ROVR Development—were later approved.

The transaction reflects a growing trend across South Florida, where developers are adding residential projects to underused office parking lots. Integrating housing into office campuses can shorten commute times and enhance the appeal of office space to tenants. New office tenants were announced at Doral Center in 2025.

Source: SFBJ