(Crystal Proenza is associate editor of Real EstateFlorida.)

MIAMI-Despite the state of the residential market in SouthFlorida, Flagler Development Group has broken ground on Cordoba, a$50 million, 224-unit condominium building in the City of Doral.The residences are part of the Coral Gables-based developer's plansto turn a 120-acre office park formerly known as Kroger Center intoa mixed-use Downtown Doral concept set to include 2,840 residentialunits, 180,000 square feet of retail, 400,000 square feet ofoffice, 100,000 square feet of civic space, a three-acre park and asite for an elementary school.

The site is owned by a fund managed by JP Morgan and will bepurchased by Flagler over the next ten years, says Chris Cobb, vicepresident of residential development for Flagler. The exact valueof the project at full build out can not yet be determined, hesays, but will be in the hundreds of millions of dollars.