The Chicago-based firm plans to replace the 16-acre Corporate Park of Doral at 7775 Northwest 48th Street with two warehouses totaling 268,700 square feet.
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.
The proposal by SJC Ventures calls for an 86,101-square-foot retail center in six buildings, the largest a 40,080-square-foot grocery store. Being one of the more wealthy areas of Miami-Dade, Doral has the strong demographics that retailers favor.
Chicago-based Bridge Industrial recently acquired a 6.19-acre warehouse property in Miami for $26.26 million. The property at 16175 N.W. 49th Ave. in Palmetto Lakes Industrial Park consists of two warehouses totaling 123,814 square feet and 200 parking spaces. The acquisition was financed by a loan provided by Chicago-based CIBC Bank USA.