The developers of Midtown Doral have opened the first of four condo buildings in their massive $230 million mixed-use project in the rapidly changing city.
Partners JQ Group of Companies and Optimus Developers announced Thursday that closings had begun at the first 153-unit building along the eastern side of Northwest 107th Avenue.
The eight-story building is one of four condo towers going up as part of Midtown Doral’s first phase, which will have 537 condos and 68,500 square feet of commercial space. So far, the project’s residential units are 75 percent sold, and 35 percent of its commercial space is under contract to prospective tenants, according to the announcement. Prices for residences at the project range from $229,000 and $780,000, with units sized between 652 square feet to 2,100 square feet.
As Sergio Pino, whose firm Century Homebuilders is a principal in the project, told The Real Deal last year, the project’s future phases will eventually bring 1,010 condo units, 230,000 square feet of commercial space and a 100,000 square-foot office building to Doral. Construction of the first phase started in 2014, and the developers hope Midtown Doral in its entirety will be completed by 2020.
Midtown Doral is one of several mixed-use projects working to transform Doral, once known only for its suburban feel and industrial businesses.
Big-name developers like the Related Group, Shoma Group and CC Homes are erecting large-scale projects with residences, retail and office space that are aiming to draw homeowners to Doral — and keep them there
Source: The Real Deal