Miami-based Banco do Brasil Americas provided the mortgage to Flightway Ten. It covers the five-acre site at 6175 N.W. 102nd Ave. The developer purchased the property for $3.9 million in 2014 and was approved for 60,941 square feet of warehouses and 10,689 square feet of retail.
A controversial megaproject planned outside Miami-Dade County’s Urban Development Boundary faces new opposition. In the latest move, a resident is asking the state to review commissioners’ recent approval of the UDB expansion. The vote allows for the 5.9 million-square-foot South Dade Logistics and Technology District industrial complex to be constructed in southeast Miami-Dade.
An affiliate of Turkish cosmetics company Farmasi has proposed a second warehouse in Doral, although this one would be rented to third parties. The City Council will hold a zoning hearing Aug. 24 to consider plans for the 2.31-acre site at 10405 N.W. 19th St. ForTuna Real Estate LLC, managed by Emre Tuna of Farmasi, bought the
Foundry Commercial, in partnership with Modlo, the logistics platform of GLP Capital Partners, has broken ground on the Modlo Air Logistics Center, a three-warehouse property near Miami spanning over 495,000 square feet. The 23.7-acre site located at 7777 NW 41st St. in Doral once housed a PepsiCo bottling facility.
Developers have scrapped a plan to create a new retail hub in Doral in the former PepsiCo bottling plant. Instead, the 1960’s Brutalist style theater and plant will become a warehouse.