Doral on verge of development frenzy

More than 12,000 residential units are coming to the rapidly growing city

Feb.February 12, 2014 04:30 PM

The fledgling city of Doral, which became an independent municipality just 11 years ago, approved a slew of new residential and commercial developments to accommodate its growing population.

Developers of a whopping 12,000 residential units, 2 million square feet of new office space and 500,000 square feet of retail space received the green light to start construction, according to Miami Today.

Mixed-use development will be concentrated downtown, while industrial and commercial tenants will mostly flock to developments to the south and east. A Boston-based auto insurer, for example, recently took 31,000 square feet of office space at 8550 Northwest 33rd Street in southern Doral.

Nathan Kogon, the director of planning and zoning for the city, compared Doral’s rapid development to that of nearby Coral Gables. Doral increased its tax base with residential and commercial construction while lowering the tax rate, and it still collected about $18.2 million in property taxes last year.

“We have the ability to keep it low … we have such a great amount of commercial and industrial property,” Kogon told Miami Today.

The city also doubled it’s assessed property value in the last decade, from $4.9 billion to $8.4 billion. That value could rise to $12 billion in another decade or so, according to projections. [Miami Today] Angela Hunt

Related Articles

11300 Northwest 25 Street and Telefonica CEO José María Álvarez-Pallete López (Credit: Google Maps) 

Telefonica sold its Doral data center for $44M

Doral Commons, Adam H. Klein, and Douglas K. Mandel

Former Shoma headquarters goes for $13M

From left: MiamiCentral, 800 Brickell, Offices at Doral Square

Here are South Florida’s largest office sales of 2019

Rendering of Doral Square and David Martin

Terra unveils latest mixed-use project near Downtown Doral

Venezuelan leader Nicolás Maduro and the city of Caracas (Credit: Wikipedia, iStock)

Venezuelan government looks to seize homes of Venezuelans living abroad: report

Donald Trump, and Trump National Doral Miami golf resort (Credit: Getty Images and iStock)

Trump disputes report that Doral golf resort has bedbugs

Felipe Valls Jr., 9000 Northwest 25 Street in Doral (Credit: Getty Images, Google Maps)

Family behind La Carreta and Versailles sells Doral shopping center

Donald Trump and Trump National Doral (Credit: Getty Images)

Donald Trump’s Doral golf resort may host the G7 summit: report