The nearly fully-leased 150,000-square-foot retail destination offers a lifestyle-oriented tenant mix and a convenient location within one of Doral\u2019s most active corridors.<\/p>\n
Terra<\/a>, one of South Florida\u2019s most active residential and commercial real estate development firms, has completed the sale of\u00a0Doral Square, a 150,000-square-foot lifestyle-driven retail development in Miami\u2019s City of Doral. Located on the southeast corner of Doral Boulevard and 87th Avenue, the gateway to Downtown Doral, the property has been sold to Florida-based real estate investment firm\u00a0IMC Equity Group for $74 million. The transaction was brokered by Mark Gilbert of Cushman & Wakefield.<\/p>\n \u00a0<\/p>\n \u201cWhen we first opened Doral Square, our goal was to bring a dynamic, community-focused retail destination to a rapidly growing corridor,\u201d said David Martin, CEO of Terra. \u201cFive years later, the center has become an important part of daily life in Doral, with a tenant mix that brings energy, convenience, and lifestyle amenities to the neighborhood. The success of this asset and today\u2019s sale demonstrate how thoughtful placemaking can drive lasting value and enhance communities.\u201d<\/p>\n \u00a0<\/p>\n Completed in 2021, the nearly fully-leased Doral Square includes a roster of anchor tenants such as Marshalls, Ross Dress for Less, and UFC Gym, accompanied by a diverse mix of national, regional, and local tenants including HomeGoods, Pet Supermarket,\u00a0One Medical,\u00a0Laser Away, AT&T, Paradise Grills, and European Wax Center, First Watch, Jersey Mike\u2019s,\u00a0Just Salad,\u00a0Panda Express, Nacion Sushi, Lima Bakery, Miu\u2019s Tea and El Toro Loco. Together, these tenants create a well-rounded retail destination that serves daily needs, dining, wellness, and lifestyle experiences for the surrounding Doral community.<\/p>\n \u00a0<\/p>\n \u201cThe property fits extremely well within IMC\u2019s retail portfolio,\u201d said Carlos Segrera, Chief Investment Officer of IMC Equity Group. \u201cIts exceptional location at the southeast corner of Northwest 87th Avenue and Doral Boulevard, combined with the fact that many of the tenants are well-known to us, made this a compelling opportunity and a great acquisition with which to close the year.\u201d<\/p>\n \u00a0<\/p>\n Doral Square\u2019s design, created by award-winning architectural design firm Touzet Studio, is a modern assemblage of retail volumes and environments that allow for a dynamic mix of retail, dining and commercial uses. A significant amount of indoor\/outdoor space connections create a vibrant and diverse pedestrian experience with many opportunities for outdoor dining. The development\u2019s design is unified with materials that add warmth and texture, while light coves in the walls and bright colors integrate with the selected artwork.<\/p>\n \u00a0<\/p>\n Terra commissioned an internationally recognized artist known for colorful interventions in architecture to design Doral Square\u2019s public art component. The artist\u2019s design for the unique concept created an experience merging color and light.<\/p>\n \u00a0<\/p>\n Terra\u2019s investment in Doral has made a significant contribution to the young city\u2019s development. In 2023, the firm also completed Doral Atrium,\u00a0a lifestyle-oriented retail center located on the northwest corner of Doral Boulevard and 79th Avenue.<\/p>\n \u00a0<\/p>\n Doral Square sits at the highly visible intersection of Doral Boulevard NW 36th Street and NW 87th Avenue, serving as a key entry point into Downtown Doral. The property\u2019s position within one of the city\u2019s most active commercial corridors places the center within minutes of major employment hubs, including Carnival Cruise Lines\u2019 headquarters, Univision, Perry Ellis International, and Blue Cross Blue Shield of Florida, along with a wide concentration of logistics and corporate service firms in Doral\u2019s business parks. The mix of employers generates a strong daytime population and steady customer base, enhancing the property\u2019s role as a convenient and well-connected retail and lifestyle destination for both local residents and the broader workforce.<\/p>\n Terra is a Miami-based real estate development and investment company that creates communities, enhances neighborhoods, and connects people. Led by CEO David Martin, Terra was founded in 2001 and is active across all major real estate asset classes, including multifamily apartments, luxury condominium and single-family residences, retail and office space, hotels, and industrial properties. Terra owns and operates a carefully curated portfolio of real estate developments that elevate quality of life; maximize the way in which people work, live and entertain; and innovate the urban and suburban landscape with an eye toward resiliency and sustainability. Since its launch, Terra has developed more than eight million square feet of residential, commercial, and mixed-use projects across South Florida. Terra thrives by assembling teams comprised of the world\u2019s most accomplished architects, designers, planners, engineers and builders who collaborate to bring the firm\u2019s development vision to life. Learn more at\u00a0www.terragroup.com<\/a>.<\/p>\n About IMC Equity Group:<\/p>\n IMC Equity Group, led by Yoram Izhak, is a Florida-based real estate investment firm with over $3 billion in assets under management, overseeing a diversified portfolio across retail, industrial, office, self-storage, multifamily, and mixed-use properties. IMC focuses on the acquisition, development, and management of high-quality real estate assets throughout the State of Florida.www.imcequitygroup.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The nearly fully-leased 150,000-square-foot retail destination offers a lifestyle-oriented tenant mix and a convenient location within one of…\n","protected":false},"author":2,"featured_media":87059,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[225,227,226],"class_list":{"0":"post-87058","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hialeah","8":"tag-hialeah","9":"tag-hialeah-headlines","10":"tag-hialeah-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/87058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=87058"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/87058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/87059"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=87058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=87058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=87058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}