DORAL, FL—DBH Properties, Ltd. has commenced construction on its Gateway Center Doral mixed-use development here.
The project, when completed, will feature a two building 84,000-square-foot retail and high-end boutique office center located at 2000 NW 87th Ave. The office component of the development totals approximately 43,000 square feet. The project officially broke ground on June 11.
Sharon Dresser, co-founder and international business director at High Street Retail USA, said there's little space available for retail and restaurants in Doral and the time is right to bring Gateway Center Doral to market. Dresser is marketing the project on behalf of owner DBH Properties.
“With 12,000 residential units approved and waiting to be built, timing couldn't be better for Gateway Center Doral,” says Dresser. “The project fits in perfectly with Doral's 'walkable neighborhood' design.”
The project has substantial interest from national tenants—some of which are very close to closing. Those deals are expected to be announced within the next 30 days.
The development is located in the heart of “restaurant row,” home to some of the most profitable restaurant chains in the South Florida market.
In addition, 1,500 residential units are currently under construction nearby the project. Beyond the residential pipeline, an additional 2 million square feet of new office space has city approval and is ready for construction, Dresser states.
Gateway Center sits within three blocks owned by DBH Properties, from 21st through 18th Streets, which afforded the ability for the developer to eliminate the frontage road on the south side of the project, easing any restriction coming into and going out of the center, again, contributing to the best possible experience for customers.
Gateway Center Doral is scheduled for completion in May 2015.
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