Holliday Fenoglio Fowler, L.P. (HFF) announced today the $5.3 million sale of a 1.3-acre assisted development site in Downtown Doral, a 250-acre mixed-use community in Doral, Florida.
Downtown Doral comprises approximately 70 shops and restaurants; a business district with almost one million square feet of Class A office space; 5,000 luxurious residential units, including 5350 Park condo tower and Canarias in The Residences at Downtown Doral; Downtown Doral Charter Elementary School, a top-rated bilingual charter elementary school; Downtown Doral Charter Upper School, which is currently under construction; Doral Government Center, a LEED-certified city hall; and public green spaces adorned with world-class art pieces.
“Downtown Doral is a transformative community in Doral,” said Jaret Turkell, managing director at HFF. “This new ALF project will service a much-needed demand within the area and allow for multi-generational enjoyment within Downtown Doral.”
HFF represented the seller and master developer of Downtown Doral, Codina Partners, in the transaction to Goray Development Company. The HFF investment advisory team representing Codina Partners included executive managing director Manuel de Zárraga, managing director Jaret Turkell, senior director Maurice Habif and associate Simon Banke.
“The assisted living component within Downtown Doral perfectly complements the independent living facility and the Baptist Health South Florida healthcare facility that are both under construction in Downtown Doral,” said Ana-Marie Codina Barlick, CEO of Codina Partners, master developer of Downtown Doral. “I’d like to thank the HFF team for successfully facilitating this transaction that will further enhance the residential offering in our community.”
About Downtown Doral
Downtown Doral is Miami’s premier town center, a vibrant community of culture and commerce, located at the heart of access to almost everywhere. Neighborhoods, offices, homes, an award-winning school, restaurants and shops that offer a new quality of life—totally walkable, connected, artfully designed, green and gracious. The 250-acre mixed-use development features approximately 70 shops and restaurants; a bustling business district with almost one million square feet of Class A office space; 5,000 luxurious residential units, including 5350 Park condo tower and Canarias in The Residences at Downtown Doral; Downtown Doral Charter Elementary School, a top-rated bilingual charter elementary school; Downtown Doral Charter Upper School; Doral Government Center, a LEED-certified city hall; and public green spaces adorned with world-class art pieces. Learn more at www.downtowndoral.com or follow @DowntownDoral on Facebook and Twitter and @DowntownDoralLife on Instagram.
Codina Partners
Codina Partners is a distinguished real estate development, management and investment firm that combines transparency and authenticity to provide hospitable, polished service to every client, partner and stakeholder it serves. Led by an experienced, visionary leadership team, Codina Partners has distinguished itself from other developers and managers by recognizing overlooked opportunities, leaving every community better than they found it, delivering elevated service and producing high-quality work resulting in successful outcomes. Codina Partners’ development and management portfolio includes notable mixed-use and industrial projects such as Downtown Doral, 2020 Salzedo and Beacon Logistics Park. To learn about Codina Partner’s integrated services, visit www.codina.com or call 305-529-1300.
About Goray Development Company
Goray Development Company and its affiliates is a focused development, ownership and management company that has created a series of very successful, market-responsive senior living and multifamily communities. Its core competence is to identify underserved submarkets early on, acquire strategically located land parcels and structure financing. Led by a team of experienced professionals, Goray designs market-receptive buildings, which are completed in the most cost-effective manner, and then markets and operates the properties to create superior value and investment returns. https://gorayllc.com/
About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
