Doral Marketplace is an anomaly of sorts, as few developers are starting strictly retail projects with restaurants and service providers in South Florida. The development site is next to Chicago-based Bridge Industrial’s 2.6 million-square-foot Bridge Point project that’s under construction.
The flood of warehouse space in Miami has been met by steady demand for new facilities fueled by positive demographic growth and robust port activity, long-term trends that bode well for future growth.
Located in America’s Gateway Park, not far from Miami International Airport, the warehouse last sold for $4.8 million in 2015, so it more than tripled in value.
This warehouse is the fifth building in Beacon Logistics Park that Southeast Commercial has purchased from Codina Partners. In December, it purchased four warehouses from the company,
In March, Commissioner Raquel Regalado asked the county to study either bringing aircraft fuel to the airport by train or constructing fuel facilities at the airport that would be accessible by rail. The Commission’s ongoing conversations with the Florida East Coast Railway is all part of the cargo master plan and reconfiguring of the cargo area to make room for bigger airplanes and better utilize cargo space.