The Real Deal Miami

Mirador at Doral launches leasing of rental apartments

The garden-style apartments are spread among 13 three-story buildings
By Ina Cordle | May 26, 2017 03:15PM

Rendering of Mirador at Doral and Alexander Bolaños

Mirador at Doral, a 332-unit rental complex in Doral, has begun leasing apartments as it completes construction.

A joint venture between Palm Beach Gardens-based Ram Realty Advisors and GID, a Boston-based real estate investment firm, is developing the multifamily project at 2526 Northwest 84th Avenue in Doral.

The developers have brought on Alexander Bolaños of Realty Investments Corp. to handle leasing, in addition to Ram’s in-house, on-site leasing and management team, said Michael Bowden, director of operations at Ram Realty Services.

Meanwhile, the first renters have begun to move in, while construction is expected to wrap up in the next three to four months, Bowden said. The project was formerly called Residences at Intercontinental Village.

Mirador at Doral’s “garden-style” one-, two- and three-bedroom apartments are spread among 13 three-story buildings, with surface parking, Bowden said. Prices for one-bedroom units begin at $1,725; $1,895 for units with one bedroom plus den; $2,100 for two bedroom units; $2,350 for two bedrooms plus a den; and $2,425 for three-bedroom units, Bolaños said.

Amenities include a clubhouse, wellness center, business center, two swimming pools, a summer kitchen, cabana, dog park and tot lot, as well as room service from the adjacent Intercontinental at Doral Miami.

Records show Ram Columbia Doral bought the 17-acre site for $19.76 million in October 2015, about the same time that GID announced its joint venture, which marks its first with Ram Development Company. Avante Limited, tied to Transal Corp., was the seller, led by Eduardo Poma, according to recores. The Poma family of El Salvador owns Grupo Poma, an automotive, real estate, industrial and hotel company. Salvadoran billionaire Ricardo Poma was an original investor in Bain Capital. Ram also closed on $48 million in financing for the development.

Doral is in the midst of a surge in development, with such projects as Codina Partners’ Downtown Doral, Related Group and Shoma Homes’ CityPlace Doral and JQ Group of Companies and Optimus Developers’ Midtown Doral in the works.

“We’re really excited to be in Doral, in particular to develop a garden-style product because most of what of what has been in Doral has been mid-rise and very dense,” said Jennifer Stull, managing director of asset management for Ram Realty.