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.
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.
The decision marks the latest chapter in the controversial proposal for the 5.9 million-square-foot South Dade Logistics and Technology District on the southeast corner of the Florida Turnpike and Southwest 122nd Avenue in an unincorporated area of southeast Miami-Dade.
The Class A warehouse in Medley is situated near major highways with easy access to Miami International Airport and Port of Miami, the region’s busiest import-export centers.