The estimated $168 million project includes an amphitheater, a community center – double the size of any other in Doral and a water park. The project was partially funded through a $150 million city bond issue passed 2018. It didn’t break ground though until three years later in 2021.
For Carnival, the sale is a chance to unlock a potential windfall from decades of real estate growth in Doral, where property values have soared alongside the area’s condo boom.
Location, transportation access and available labor are key for all tenants. Beyond that, wishlists will vary depending on what the company makes or distributes. But still, trends can be observed.
Analysts say that declining interest rates will bring investors off the sideline as they face mounting requirements to spend dry powder.
An affiliate of New York-based Woodhill acquired six warehouses spanning nearly 159,000 square feet at 215-325 West 75th Place and at 7550-7620 West 2nd Court. The deal breaks down to $164 per square foot.