Monday, November 11, 2013

The Growth of the City of Doral / Tony F. Puente, CCIM

Each month the Miami-Dade Monroe District meets for lunch and features a guest speaker. 

Tony F. Puente, CCIM, SVP and Realtor, of Fairchild Partners, Inc., in Coral Gables spoke about The growth of the City of Doral.  Following are some highlights of Tony's presentation:

  • In the 1950's Alfred & Doris Kaskel purchased swampland between N.W. 36 Street and N.W. 74 Street for $49,000 to build a golf course / hotel.  Doral is a combination of their names. 
  • In the 1980's Doral continued to grow with the development of Doral Esates and Lennar's Doral Park.
  • In June 2003, Doral incorporated and it includes 15 square miles. 
  • Voted the best city in Florida for business "startups".
  • More than 150,000 people travel to Doral each day and there are approximately 9,500 businesses and several fortune five hundred companies located there. Major employers (click here).
  • Growth projections are for 12,000 units (1,500 are currently under construction), 2,000,000 sq ft of offices and 900,000 sq ft of retail is on the drawing board. 
  • Residential population estimate of 80,000 in 10 to 20 years (it is currently 48,000)..
  • Construction on the west segments of the NW 25th Street Viaduct Project is expected to continue, taking 3.5 years and $58,000,000. It will extend the bridge to N.W. 82 Avenue and a link for cargo traffic to and from the Miami International Airport's west cargo area.
  • A trolley system serves much of the City of Doral including shopping centers, restaurants parks and MetroRail. 
  • Downtown Doral This is a mixed-use community that will consist of 2,840 residences, 1,000,000 sq ft of office and 180,000 sq ft of retail. It is a 120 acre project east of N.W. 87th Avenue on N.W. 53rd Street.  This is east of the famous (Blue Monster) Doral golf course and north of the "White" course. 
Fairchild Partners are commercial Realtors located at 6705 Red Road in Coral Gables, FL and Tony can be reached at 305-668-0620.

Tony F. Puente, CCIM