As another addition to the Miami real estate market, Downtown Doral is a new mixed use project under development
in Doral. Situated just north of the
Miami International Airport, Downtown Doral is one of a handful of new projects
underway in the Miami suburbs. Another
benefit of its location is that is adjacent to the world-renowned Blue Monster
Course at the Doral Golf Resort and Spa which has just gone through a major
overhaul.
Bordering the Miami/Doral line, it is a massive undertaking
that will definitely put that part of the county on the map. According to Armando Codina, President and
CEO of Flagler, "Downtown Doral will be vital to Doral because it is
creating a true city center which will allow people to live near their work, an
option that Doral has been longing for.” The plans for Downtown Doral include retail,
dining, office space and more.
Additionally, there will be four and a half acres of green space as well
as three miles of pedestrian-friendly streets.
The goal of Downtown Doral is to give residents that cozy, small-town
atmosphere within a large metro area and is destined to become one of the most
sought after areas in all of the Miami real estate. “This is not a project, this is
a city,” said Codina in a recent article.
Along with a strong focus on residential properties, plans
show retail space and over one million square feet of office space, developers
expect that corporations, small businesses, top retailers and restaurants will
open or relocate at Downtown Doral. With
the Doral Government Center close by, this is going to be an area to watch.
Residential Property at Downtown Doral
Developers want living at Downtown Doral to be like living
in a small town. With tree lined
streets, sidewalks and plenty of green space, residents will never want to live
anywhere else.
On top of the commercial development, there will be 2,840
upscale living units of which over 2,100 condo units are spread among eight or
nine condominium towers, each up to 20 stories along with three apartment
buildings with 454 rental apartments and 90 townhouses.
The Townhomes at Downtown
Doral. More than just a townhome,
the Townhomes at Downtown Doral exude throughout the entire home. From the gourmet kitchen with European custom
cabinets, granite counter tops, Energy Star certified stainless steel
appliances and a work island with raised breakfast bar and a roomy breakfast
area to the marble tile in the main living areas and marble framed window sills
throughout the entire home, there is so much to take in with this community.
5252 Paseo. The condominiums at Downtown Doral, 5252
Paseo, feature one, two and three bedroom units with high-end finishes. Some of them include a gourmet kitchen with quartz
counter tops, Bosch stainless steel appliances and designer Italian kitchen
cabinets. The first 18 floors will house
condominium units while the top two floors will house six penthouses on each floor. Every unit will be accommodated with one
assigned parking space with the penthouses receiving two spaces. Every unit will have amazing paseo or golf
views.
Cordoba Apartments. When it comes to upscale rentals, Cordoba
will exceed any expectation. The plans
show fully green eco-friendly homes with high efficiency HVAC systems, thermal comfort
windows for temperature and humidity control, gourmet kitchens with Energy Star
stainless steel appliances and modern cabinetry, energy efficient contemporary lighting
and so much more.
Amenities at Downtown Doral
Downtown
Doral offers beautiful amenities that include an exotic, resort style outdoor
pool with private cabanas, large parks and green spaces, 24-hour security guard
at the gated entrance, and more. Plus,
the Doral Golf Resort and Spa is a huge community amenity and is adjacent.
Real Estate at Downtown Doral
There are different real estate options at Downtown Doral
each appealing to a different buyer but accommodating all buyers and
renters.
The Townhomes Real
Estate. There are two main floor
plans which offer several options and range in size from about 1,800 square
feet to almost 2,000 square feet. The two-story
townhomes have several options to accommodate buyers’ needs. Plans show a
choice of two master suites, a master and two guestrooms or a master suite,
guestroom, and an upstairs loft or home office.
Additionally, another option adds a third floor to have the options of a
loft, family room, or large guest suite as well as a large top floor deck that
accommodates an outdoor living/dining area which is perfect for living in
Florida.
General Pricing for the Townhomes is as follows (subject to change):
Floor Plan A
- Price Range: $449,000 - $549,990
- 1,796 SF A/C Area + Garage = 2,276 Total SF
Floor Plan B
- Price Range: $582,990 to $604,990
- 1,998 SF A/C Area + Garage = 2,504 Total SF
3RD Floor
Penthouse Option
- 500 SF A/C Area
- 152 SF Covered Terrace
- 525 SF open deck
- Total Additional Area: 1,177 SF $75,000
3rd FLOOR
ATRIUM OPTION
- 638 SF A/C Area
- 152 SF Covered Terrace
- 387 SF Open Deck
- Total Additional Area: 1,177 SF $100,000
As for purchasing a townhome at the Townhomes at Downtown
Doral, the deposit structure is as follows:
- 15% at contract
- 10% at groundbreaking
- 10% at top off
- Finishes / Upgrades: 75% of Total Upgrade Package or amount equal to sum 50% of total purchase
5252 Paseo. 5252 Paseo features one, two, and three-bedroom units some with dens as well as two and three-bedroom penthouses. The square footage ranges from about 750 to just over 1,900 square feet. At this point, there are over 40 units reserved.
General pricing for the condominium is as follows:
TOWER
|
Line
#
|
RESIDENCE
|
TYPE
|
VIEW
|
SQ
FT (A/C)
|
LIST
PRICE
|
Paseo
|
02
|
A
|
3BR/2BA
|
Golf
|
1,455
|
$501-568K
|
Paseo
|
12
|
B
|
3BR/BA +DEN
|
Golf
|
1,577
|
$513-612K
|
Paseo
|
11
|
C
|
2BR/2BA
|
Paseo
|
1,195
|
$388-425K
|
Paseo
|
10
|
D
|
2BR/2BA +DEN
|
Golf
|
1,166
|
$412-476K
|
Paseo
|
04
|
D
|
2BR/2BA +DEN
|
Golf
|
1,162
|
$411-481K
|
Paseo
|
01
|
E
|
2BR/2BA
|
Paseo
|
1,163
|
$393-450K
|
Paseo
|
09
|
F
|
2BR/2BA
|
Paseo
|
1,038
|
$369-390K
|
Paseo
|
03
|
F
|
2BR/2BA
|
Paseo
|
1,030
|
$360-387K
|
Paseo
|
08
|
G
|
1BR/1BA +DEN
|
Golf
|
848
|
$284-319K
|
Paseo
|
07
|
G
|
1BR/1BA +DEN
|
Golf
|
848
|
$280-334K
|
Paseo
|
06
|
H
|
1BR/1BA
|
Paseo
|
755
|
$252-287K
|
Paseo
|
05
|
H
|
1BR/1BA
|
Paseo
|
755
|
$252-290K
|
Paseo
|
06
|
PH1
|
3BR/2BA +DEN
|
180°
|
1,927
|
$839K
|
Paseo
|
01
|
PH2
|
3BR/2BA +DEN
|
180°
|
1,755
|
$779K
|
Paseo
|
02
|
PH3
|
2BR/2BA +DEN
|
Golf
|
1,560
|
$630K
|
Paseo
|
04
|
PH3
|
2BR/2BA +DEN
|
Golf
|
1,557
|
$630K
|
Paseo
|
05
|
PH4
|
2BR/2BA
|
Paseo
|
1,168
|
$490K
|
The payment structure for 5252 Paseo is as
follows:
10%
Reservation
10% at
Contract
20%
Groundbreaking (Approximately Jul 2014)
10% Top Off
(Approximately April 2015)
Balance to
close (Approximately 4th Quarter 2015)
Downtown Doral is a project that is screaming to be brought
to life. Its location and attributes are
second to none. The combination of green
space, residential and residential development appeals to so many residents
that it will be, without a doubt, a top spot in Doral to live. This is definitely an exciting time in
Doral.