Open to all ages: Codina to bring senior and assisted living to Downtown Doral

Codina-Lennar joint venture sold a 2-acre piece of the White Course to Greystar

Miami /
Mar.March 30, 2018 04:30 PM

Rendering of Downtown Doral and Armando Codina

From pre-kindergarten to old age, Downtown Doral is now planning to offer options for people of all ages.

Codina Partners is bringing assisted and senior living to the mixed-use, master-planned community in two deals, the first with apartment developer Greystar. The Charleston, South Carolina-based firm recently paid $14 million for the 2-acre site, a piece of the White Course, from Lennar Corp. and Codina.

Greystar will build Overture Downtown Doral South, a roughly 200-unit apartment complex for residents 55 and older, Codina said. He also has a letter of intent to sell a similarly sized piece of land to an unnamed assisted living developer and operator to build an assisted living facility at Downtown Doral.

The projects are part of phase two of the community, which will also include a Baptist Health South Florida Express Care location and a school for grades six through 12. Baptist signed a 15-year lease for about 4,200 square feet and is expected to open at the shops before the end of this year.

In 2016, Codina Partners — with Jim Carr’s CC Homes — and Stuart Miller’s Lennar Corp. won the bid for the White Course in Doral, paying a total of about $96 million to acquire the golf course. Lennar and Codina split the property, which is adjacent to Downtown Doral, in half.

When it’s completed, Downtown Doral will have more than 1 million square feet of commercial space, 400,000 square feet of Class A office space and 5,000 residential units. The master-planned community will include a city hall, a charter school and Publix that are already open, town homes, single-family homes and condo towers.

Codina-Carr Homes has sold about 50 homes at Canarias, a community of 343 single-family homes and 52 townhouses next to Downtown Doral, and is planning to deliver the first houses by June, Codina said.


Related Articles

arrow_forward_ios
Lennar's Stuart Miller, Rick Beckwitt  with the site (Google Maps; Lennar)

Lennar pays $8M for South Miami-Dade housing community site

Lennar pays $8M for South Miami-Dade housing community site
Jim Carr and Armando Codina with renderings of the homes (CC Homes)

CC Homes pays $12M for Southwest Ranches land for single-family community

CC Homes pays $12M for Southwest Ranches land for single-family community
Lennar Executive Chairman Stuart Miller (iStock)

“The home used to be just shelter. Now it is the hub of our entire lives”: Lennar reports strong Q4, full-year results

“The home used to be just shelter. Now it is the hub of our entire lives”: Lennar reports strong Q4, full-year results
Lennar's Stuart Miller and 28600 Southwest 132nd Avenue (Google Maps)

Lennar spends $29M on Homestead mobile home park, plans new community

Lennar spends $29M on Homestead mobile home park, plans new community
Jim Carr and Armando Codina, with a rendering of a home

CC Homes launches sales of luxury homes in Southwest Ranches

CC Homes launches sales of luxury homes in Southwest Ranches
From left: Lisa Ferrazza, Joe Cerri, Frank Longo, Bob Kramer, and Daniel Abou-Jaoude

Movers & Shakers: Lennar names new co-CEO & more

Movers & Shakers: Lennar names new co-CEO & more
Stuart Miller of Lennar & a map of Arden community

Lennar pays $14M for land at Arden

Lennar pays $14M for land at Arden
Stuart Miller & Mike Nunziata, with a rendering of Avalon Trials (Credit: Lennar Homes)

Lennar spends $28M for lots on former golf course in Delray Beach

Lennar spends $28M for lots on former golf course in Delray Beach
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...