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Terra and Terranova Plan Retail And Industrial Project In Doral

Terra and Terranova Corp. are planning to build a mixed-use commercial project on a nearly 24-acre site in Doral.

“The two developers are aiming to present their proposal for District 79, an industrial and retail development at 7777 Northwest 41st Street, to the commission by the summer,” a spokesperson for Terra said.

“The joint venture is planning for the future and betting on the area’s strong industrial market,”David Martin, co-founder and president of Terra said.

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Doral’s Office Market Seeing Unprecedented Rental Rate Growth

A residential boom over the past few years — the population rose by 26.1% from 2010 to 2016 — has also boosted the office sector. CREC Senior Vice President Doug Okun, who supervises leasing at Lennar Corporate Center, said there is a 91% occupancy rate in the city, and that space in a Class-A building can fetch $40/SF.

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