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.
Bridge Industrial (“Bridge”) announced it has received approval from the City of Doral to break ground on the company’s newest state-of-the-art South Florida logistics park: Bridge Point Doral. Situated on a prime 175-acre site in Doral, the Class-A industrial park will encompass more than 2.6 million square feet at full build out with an adjacent retail
Bridge Industrial and the Canada Pension Plan Investment Board have announced a $1.1 billion joint venture to develop industrial properties in select supply-constrained markets across the US. CPP Investments will own a 95% stake in the joint venture and Bridge will own the remaining 5%.