MIAMI—The office condo concept continues to pick up steam in a recovering Miamioffice market. The latest project announcementcomes from Riviera Point Development Group andmoves deeper into Miami-Dade County.

Beyond Tibor Hollo's 2020 Ponce in Coral Gables and Newgard's OneFlagler in Downtown Miami Riviera Point Business Center at Doralwill rise in what has emerged as one of the hottest cities in theregion for new commercial real estate development.The $9.5 million, 41,000-square-foot business center is fundedthrough an EB-5 investment.

“Doral's population growth means opportunities for smallprofessional firms, international trading companies, insuranceagencies, title companies, marketing and technology businesses toserve a dynamic local community,” says Riviera CEO Rodrigo Azpurua.“Yet the existing supply of new, for-sale officespace for companies needing 2,000 square feet or less isextremely limited.”