CHICAGO-Just 18 months ago, Douglas Entrance was among South Florida’s top distressed properties. Now, the property is financially healthy again.
Based in Coral Gables, Douglas Entrance, a five-building class campus that includes a mix of modern high-rise towards, street-level retail, boutique office suites and meeting spaces, is current on its $102.5 million loan and looking ahead to brighter days.
GlobeSt.com caught up with Ronald Miles, managing director at Pearlmark Real Estate Partners, the owner of Douglas Entrance, to discuss how the developer weathered the economic storm and the lessons he learned in the process.
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