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The Real Deal Miami

Town Center at Doral could head to auction block

March 29, 2012 12:00PM

Bondholders of Doral’s community development district have filed a proposal to auction the Town Center at Doral project, the South Florida Business Journal reported. The 120-acre site, which is located the corner of NW 58th Street and NW 107th Street in Doral, will start with a $67.5 million credit bid. Philip Hudson III, the attorney representing the bondholders, said debtor Town Center at Doral supports the plan. Approximately $111 million is owed to the CDD. A hearing on the proposed auction will take place April 12. [SFBJ]