Codina plans another apartment building at Downtown DoralSouth Florida – The Real Deal

Codina Partners is ramping up multifamily development at Downtown Doral with a planned mid-rise apartment building.

The city of Doral recently approved the Coral Gables-based development firm’s site plan for Sevilla, a seven-story building with 412 apartments on a 4.2-acre vacant lot on the corner of Northwest 53rd Street and Northwest 52nd Terrace, a press release states. Codina Partners, led by Executive Chairman Armando Codina and his daughter, CEO Ana-Marie Codina Barlick, is the master developer of Downtown Doral, a 250-acre mixed-use community. 

Sevilla will mark Codina’s third multifamily project within Downtown Doral. The firm also developed Palma Tower One and Palma Tower Two, a pair of high-rises with a combined 459 apartments. 

Greystar also developed a multifamily project at Downtown Doral, Céntrico by Windsor Apartments. In 2019, Greystar bought a 4-acre lot from Codina for $19.3 million and completed the eight-story, 385-unit building a year later. In 2022, Greystar sold Céntrico to GID for $149.8 million

Codina plans to develop Sevilla in two phases with the first component slated for completion in the second quarter of 2026, the release states. The second phase is scheduled to be completed by the end of that year. 

Sevilla will offer one-, two- and three-bedroom apartments ranging from 720 square feet to 1,708 square feet, the release states. The project will feature a pool and deck, private cabanas, a dog park, a rooftop yoga yard, pickleball courts and a two-story fitness center. 

Downtown Doral also features three condominium towers, 5350 Park, 5300 Paseo and 5252 Paseo, as well as 40 shops and restaurants, a single-family home community called The Residences at Downtown Doral and the townhouse development, Townhomes at Downtown Doral.

As part of an agreement with the city, Codina also developed two charter schools, a new government headquarters for Doral and a three-acre park. 

In January, Codina unveiled plans to develop another 25,000 square feet of retail and garages with 929 parking spaces along Northwest 87th Avenue, the release states. In addition, the developer plans to demolish four aging office buildings that will free up another 25 acres for redevelopment. 

The post Codina plans another apartment building at Downtown Doral appeared first on The Real Deal.

Read MoreSouth Florida – The Real Deal

Leave a Reply

Your email address will not be published. Required fields are marked *