Doral's Explosive Growth Attracts Major Pharmacy

Hines hired High Street Retail to find a tenant for the corner of 87th and Doral Boulevard. High Street’s Sharon Dresser bought CVS to the table.

MIAMI—One of the nation’s fastest-growing cities, Doral is attracting plenty of developers. CVS is the latest brand to take interest. Hines hired High Street Retail to find a tenant for the corner of 87 ^th and Doral Boulevard. High Street’s Sharon Dresser bought CVS to the table. As she figured it, with so much housing coming online, CVS would be a good match for Doral Corporate Center. Developers broke ground on a 13,000-square-foot pharmacy with a drive through that will open in fall 2016. “I’ve lived in Miami for 15 years and always take a creative and forward thinking approach,” says Dresser. “I know South Florida like the back of my hand and over time you get a sense of the development flow. My first project here was back in 2005 when I was helping to lease Doral Court. Even back then, I knew that at some point things here were going to explode.” Explode is a good word. Downtown Doral has emerged as a hot market and Codina’s project is driving at least some of the momentum. An 11-building office park there traded hands in October. Meanwhile, One Park Square in Doral keeps filling up . And it’s not just retail and office. Demand is clearly rising for next-generation class A office space in Doral. Last August, Miller Construction started building the mixed-use Gateway Center Doral project there. “Prior to the construction of Downtown Doral, the site was a decades-old suburban office park with vast fields of surface parking located directly across from the Trump National Doral Golf Resort and Spa,” Ana Codina-Barlick , CEO of the new Downtown Doral development. “We envisioned transforming this space into a vibrant urban core that would be the heart of this booming community with the amenities of a major metropolis in the comfort of a suburban neighborhood.” Hines also hired High Street to market another commercial parcel, a 0.4 acre parcel in front of their 8800 Doral, a luxury 550-unit class A multifamily development next to Doral Corporate Center, the 278,000-square-foot class A office complex.