More retail stores and restaurants are coming to Doral, adding to the surge of mixed use-projects and residential development underway.
Terra just filed plans to deliver Doral Square, a 145,000-square-foot retail center at the southeast corner of Northwest 36th Street and Northwest 87th Avenue, according to the South Florida Business Journal.
Doral Square would rise on a 3.9-acre parking lot by the Doral Court office building at 8600 Northwest 36th Street, which Terra bought in September for $12.5 million from Miami-based Banyan Street Capital. That same month Terra scored a $60 million loan to build the three-level retail center from Coral Gables-based Fort Lauderdale Finance and Investment.
Terra’s plans include razing an annex building that would reduce the size of the Doral Court office building to 150,000 square feet from 210,000, according to the publication. Doral Square will be designed by Touzet Studio and Beame Architectural Partnership and will feature five retail and restaurant buildings, plus an interior parking garage that connects to the second and third floors.
Terra President David Martin told the South Florida Businss Journal that he can see a fitness center taking up space in the third floor. Retail spaces in Doral Square would range from 2,000 square feet to 30,000 square feet on the upper floors.
Groundbreaking on the project isn’t expected until next year, according to the publication. [SFBJ] – Amanda Rabines