Another example of investors and developers targeting Doral in recent years, investment partners plan to make capital improvements to the two-building, 35,560-square-foot Showplace at Doral and reposition it. CLICK ON THE HEADLINE FOR MORE
Carisam-Samuel Meisel, a retailer of duty-free goods, bought out the landlord of its Doral warehouse for $22 million. The price equated to $158 per square foot.
The market for industrial property has been booming nationwide, but especially in South Florida, where developable land exists only in a 20-mile-wide strip between the Everglades and the Atlantic Ocean. Experts speaking on a Bisnow panel last week marveled at the growth of the sector, but also warned of “black swans” — unpredictable events with major consequences.
The opening of the gigantic Opa-locka fulfillment center is a culmination of almost a decade’s worth of deal-making and the capstone to one of the largest single job-creation projects in the history of Miami-Dade. CLICK ON THE HEADLINE FOR MORE
Miller Construction is underway with the simultaneous build of three warehouse/distribution buildings totaling 415,460 square feet at Miami Axis Park, for developer Lincoln Property Company.