The Doral City Council is scheduled to review a rezoning request on Aug. 13. The company is seeking to rezone a 1.83-acre parcel at 7775–7785 N.W. 48th St. from “industrial commercial” to “industrial” zoning. The site is part of a larger 16-acre property that also includes 7705 NW 48th St.
Currently under construction, the transformative development will span more than 2.6 million square feet of energy-efficient Class-A industrial space at full buildout.
The three industrial properties have been part of the Sime Realty Corporation’s real estate portfolio since 2003.
After four consecutive quarters of decline, the Miami-Dade industrial market showed signs of stabilization, recording 239,864 square feet of positive net absorption.
The portfolio consists of six buildings containing approximately 302,000 square feet on 14.6 acres which are 91% leased to 21 tenants.