The City of Doral, together with Bridge Industrial, a privately-owned, vertically integrated real estate operating company and investment manager, recently held a groundbreaking ceremony to mark the commencement of a new access road project at 112th Avenue, situated in the heart of Doral.
Anticipated to be completed in June 2024, this new roadway will significantly improve accessibility across the city and provide direct access to Bridge Industrial’s newest state-of-the-art South Florida logistics park: Bridge Point Doral.
City of Doral Mayor Christi Fraga expressed gratitude for Bridge Industrial’s commitment to making a substantial investment in the community, stating, “We are fortunate to have Bridge Industrial as our partner. This new access road will alleviate traffic congestion, enhance connectivity, and support mobility within our community. Together, we look forward to creating this new roadway alongside a dynamic park of commerce that will serve as a local employment center, attracting new job opportunities and investments to our local area.”
Kevin Carroll, Partner, Southeast Region of Bridge Industrial, emphasized the significant benefits of the new roadway, stating, “This transformative project will have a positive impact, not only on the local community but also on the future tenants of our state-of-the-art logistics park. This new roadway will enhance accessibility and create a seamless connection that drives operational efficiency and unlocks new opportunities for businesses in the area. We remain committed to working collaboratively with all stakeholders to ensure the success of this project and to contribute to the continued growth and prosperity of the community we proudly serve.”
Bridge Point Doral is strategically located on a 175-acre site in the heart of Doral’s Central Business District at the southwest corner of Northwest 107th Avenue and Northwest 41st Street. The logistics center will total more than 2.6 million square feet of modern industrial space at full build out with the ability to offer build-to-suit options of up to 1.4 million square feet. The project will offer both cross-dock and rear-load warehouse configurations, along with trailer drops in a secure environment, all within an unparalleled logistics location. The first building is set to be delivered in Q1 2024.
In addition, a neighboring 10-acre parcel that allows for commercial/retail development will service not only the project, but the surrounding community as well. Tenants will benefit from the property’s prime distribution location, which offers immediate access to the Florida Turnpike, and all the major thoroughfares, including SR 836 (Dolphin Expressway), connecting to the region’s major population centers and South Florida’s busiest air and seaports.
Bridge is one of South Florida’s most active industrial real estate developers. Since 2012, the company has acquired more than 700 acres in 20 separate transactions across South Florida. Bridge has delivered and/or has under construction nearly 11 million square feet of Class-A industrial space regionwide. Bridge continues to seek opportunities to develop modern industrial facilities in the most supply-constrained core infill industrial markets that can meet the steady demand for last-mile and next-day delivery.