Doral is still officially a young city, incorporated only 15 years ago.
But Doral’s roots date back to the 1950s, when Doris and Alfred Kaskel scooped up 2,400 acres of swampland for $49,000 on which they built a grand hotel, country club and golf resort nearly a decade later. The Kaskels, apartment developers from New York City who also built a pair of Art Deco hotels in Miami Beach, named their new resort after themselves — and Doral was born.
The Related Group, Shoma Group and PGIM Real Estate Investors just sold a piece of CityPlace Doral.
Property records show the developers sold the Manor at CityPlace, at 3450 Northwest 85th Court, to TA Realty affiliate FHF I Manor Doral for $135 million. The deal breaks down to nearly $343,000 per apartment.
When author Gertrude Stein wrote one of her most-quoted lines — “there is no there there” — she was alluding to her hometown of Oakland, California. Stein’s aphorism might have applied just as well to Doral.
Until now.
Nearly 15 years after it was carved out of a sprawling, disjointed agglomeration of warehouses, gated communities, office parks and strip malls, the suburban city without a focal point finally has not just one “there,” but two of them.
