Family behind La Carreta and Versailles sells Doral shopping center

A company tied to the Valls family sold the shopping center for $14 million
By Keith Larsen | July 25, 2019 02:30PM

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

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

The owners of the popular Cuban restaurants La Caretta and Versailles sold a shopping center in Doral for $14 million.

A company tied to the Valls family sold the 36,160-square-foot property at 9000 Northwest 25 Street for $388 per square foot to Pacheco Group of Doral, records show

The buyer secured a $9 million mortgage from the seller, according to the records. Tenants include Synovus Bank, Macondo Coffee Roasters and AllStars Daycare.

The retail center known as the Gateway Shopping Center was built in 2004, and the entire property totals 115,575 square feet. The site was purchased in 2002 for $1.4 million by the Valls Family.

Late last year, the Valls family filed plans to convert an old office condo building into a 125-room hotel at 3663 Southwest Eighth Avenue in Little Havana.

The Valls family is the owner of arguably the most well known Cuban restaurants in Miami and is active in South Florida real estate. Last year, a company led by Felipe Valls Jr. sold two shopping centers in Northwest Miami-Dade for $16 million.