South Florida-based real estate development, investment and property management firm Codina Partners has secured a $38.8 million construction loan from Ocean Bank for the third and final phase of Downtown Doral’s retail expansion, which will introduce nearly 25,000 square feet of space along 87th Avenue and 932 dedicated garage parking spaces for visitors. The project is expected to break ground in Q2 of this year, with an estimated completion date in 2026.
The north portion of the expansion has been fully leased to UHealth—University of Miami Health System. The 11,243-square-foot space will offer a comprehensive eye care facility from the Bascom Palmer Eye Institute and physical therapy services. The south portion includes 13,644 square feet of retail space divided into nine customizable units—seven on the ground floor and two on the second floor.
