Monday, September 29, 2014

Downtown Doral

doral-pre-construction
With the construction of the Townhomes at Downtown Doral underway and properties listed, the Downtown Doral development is in full swing.  Doral is undergoing a major overhaul with the addition of new residential and mixed-use properties but none compare to the extent that is planned for Downtown Doral.  The new Doral Government Center’s location in the middle of the Downtown Doral development and the construction of a new charter elementary school (due for completion by Fall 2015) show the importance of this part of Doral.  The Codina Partners have a vision of Downtown Doral being the hub of the entire city.   To bring this dream to life, Codina has teamed up with Lennar to build a city within a city.

In addition to the Government Center, there three-acres of public park space with $2 million of playgrounds, green space and a sculpture pavilion by artist Michelle Ona Doner.  Construction of the Townhomes is in full swing with completion of the first phase in the works and already sold out (re-sales have been listed) while the condominium is expected to be complete by the end of 2016.  On top of that, one million square feet of office space and 200,000 square feet of retail space are shown to be part of the development. 

doral-real-estate
Downtown Doral Location
Situated just north of the Miami International Airport, Downtown Doral is located between NW 87th Avenue and NW 79th Avenue with the newly, redesigned Blue Monster Course at Trump National Doral adjacent to the new community.  The location, in the heart of Doral, is ideal as it offers easy, quick access to the major thoroughfares leading into and out of Miami and the other areas within Miami-Dade, not to mention the major area travel hubs.    

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. 

The residential plans for Downtown Doral consist of 2,840 properties spread out between condominium towers, townhouses and rental apartments.  With most still in the planning stages, the Townhomes at Downtown Doral are currently under construction.  Condominium construction should begin soon with completion of the first round of condominiums due at the beginning of 2016.  The first phase of the Townhomes is already sold out with strong sales for the first round of condominium sales.   Following is an overview of the residential property at Downtown Doral:
doral-new-construction

The Townhomes at Downtown Doral.  The Townhomes at Downtown Doral are large and luxurious inside and out.  Gourmet kitchens feature European custom cabinets, granite counter tops, Energy Star certified stainless steel appliances and a work island with raised breakfast bar as well as a roomy breakfast area.  The main living areas and bedrooms are open and airy with marble tile floors in the main living areas and marble framed window sills throughout the entire home.  These properties are in high demand which is obvious by the fact that the first phase is sold out. 

doral-pre-construction-condominium
5252 Paseo/5300 Paseo.  The condominiums at Downtown Doral are to be located at 5252 Paseo and 5300 Paseo.  The first, 5252 Paseo, feature one, two and three bedroom units with high-end finishes just as 5300 Paseo’s plans indicate.  Both buildings will be 20 floors with about 200 units in each building.  In addition to beautiful paseo or golf views, amenities in each residence will include a gourmet kitchen with stone counter tops, high-end steel appliances and designer Italian kitchen cabinets.  At 5252 Paseo, the first 18 floors will house condominium units with six penthouses per floor on the top two floors.  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.  5300 Paseo is still in development but will be just as elegant luxurious as its sister condominium.

Cordoba Apartments.  For those who do not want to own real estate but want the opportunity to live in Downtown Doral, Cordoba will offer luxury rentals that are hands above the rest.  With fully green eco-friendly units offering high efficiency HVAC systems, thermal comfort windows for temperature and humidity control, and gourmet kitchens with Energy Star stainless steel appliances and modern cabinetry, Cordoba is definitely going to be a top rental community in the entire city of Doral. 

Real Estate at Downtown Doral
The response to Downtown Doral has been unbelievable which is logical considering the mix of residential property and the continually growing popularity of Doral real estate.

townhomes-at-downtown-doral
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. Whether buyers want two master suites, a master and two guestrooms, or even a master suite, guestroom, and an upstairs loft or home office, these properties are hot tickets at the current moment.  On top of this, buyers have the option of adding a third floor with either 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.  The first phase of Townhomes is sold out with a couple of re-sales listed in the upper-$500s to low-$600s.  For the upcoming construction, general Pricing 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

Buyers can expect a payment structure for the Townhomes at Downtown Doral to be:
  • 15% at Contract
  • 10% at Groundbreaking
  • 10% at Top-off
  • Finishes / Upgrades: 75% of Total Upgrade Package or amount 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 (forthcoming)
  • 10% Top-off (Approximately April 2015)
  • Balance to close (Early 2016)


5300 Paseo.  The newly released plans show two and three-bedroom units ranging in size from 1,118 to 1,927 square feet.  Amenities will include a pool, children’s play area, fitness facilities and massage rooms. The units will have a golf-course view.  General pricing is as follows:

Model
# Bed/Bath
View
SQ FT
Price Range





A
3 BD/2BA
Golf
1,455
$512 to $596K
C
2 BD/2BA
Paseo
1,195
$399 to $449K
D
2 BD/2BA + Den
Golf
1,162
$439 to $508K
E
2 BD/2BA
Paseo
1,163
$420 to $470K
F
2 BD/2BA
Paseo
1,038
$373 to $400K
F
2 BD/2BA
Paseo
1,030
$368 to $403K
G
1 BD/1BA + Den
Golf
848
$330 to $373K
G
1 BD/1BA + Den
Golf
848
$324 to $368K
H
1 BD/1BA
Paseo
755
$287 to $313K
H
1 BD/1BA
Paseo
755
$285 to $307K
J
2 BD/1BA
Golf
1,052
$376 to $471K
K
1 BD/1BA
Golf
860
$299 to $353K
L
1 BD/1BA
Golf
829
$312 to $337K
PH
Various
Golf/Paseo
1,560-1,927
$679 to $869K
doral-pre-construction
Making a Dream a Reality
Downtown Doral is something that the Codina Partners have been planning for almost 10 years.  Construction of the residential parts of the project signifies that they are finally making the dream a reality.  As more construction begins, so do the opportunities to buy Doral real estate at Downtown Doral.  Now is the time to consider all it has to offer. 


Saturday, September 20, 2014

Neovita: Doral's Newest Community on the Horizon

doral-new-construction
Terra Group is one of South Florida’s most innovative residential developers.  With neighborhoods like Doral Commons and Modern Doral, it is very evident that Terra Group seems to have its signature style with up and coming neighborhoods in Doral.   On some of the last remaining parcels of land in Doral, the Terra Group has created another exclusive Doral neighborhood – Neovita.  Inspired by clean, sleek lines, the architecture at Neovita Doral and other Terra Group neighborhoods is subtle in its design and contemporary in its style.  The plans show that Neovita is another pedestrian friendly neighborhood offering a mix of single family homes and townhouses.  Just like other Terra Group neighborhoods, Neovita will offer luxury Doral real estate for discerning home buyers.

doral-new-construction
Location of Neovita
The gated Neovita neighborhood is located on 104 Avenue NW between68th and 71st Streets in the heart of Doral.  The location is ideal as it is close to the most desirable Miami destinations such as Miami International Airport, shopping at Dolphin and International Malls, Trump Doral Golf Resort & Spa, Doral’s growing business district and the major travel arteries in and out of Doral.

Neovita Amenities
Neovita will be gated with a 24-hour guard and have a large clubhouse along with an infinity pool, fitness center, spa, areas for entertaining and more.  Additionally, there will be lush tropical landscaping at the entrance and throughout the neighobrhood.  
doral-new-construction

Inside each home, the details will focus on contemporary luxury.  The kitchens are large and gourmet-styled with porcelain tile flooring, high-end stainless steel Bosch appliances, custom-cabinetry and quartz counter tops.  The master baths are spa-like with a Roman tub and bidet, white bathroom fixtures, porcelain tile on floors and wet areas, and a frameless glass shower door.  Main living areas are open and airy creating a comfortable space for gathering and relaxed living. 

Other touches include covered terraces, driveways with pavers, fully sodded and landscaped yards with automatic sprinkler systems, hurricane impact windows with aluminum shutters, fenced-in backyards that provide privacy from neighbors, and more.  On top of this, homes offer other features including fixtures and finishes that give Neovita its luxury look and feel.

doral-new-construction
Real Estate
Construction at Neovita Doral is slated to begin at the end of the year with 80 single-family homes and 142 townhouses in the plans.  Single-family homes will offer four, five and six bedroom under about 2,700 to 3,600 square feet while townhouses will feature three and four bedrooms under about 1,800 to 2,000 square feet.  List prices range from the upper-$400s to upper-$500s for townhouses and the mid-$700s to about $1 million for single-family homes.

Currently, the payment schedule begins with a reservation deposit of $25,000 for townhouses and $50,000 for single family homes.  From there, another 10% will be at contract which includes the reservation deposit.  When construction begins, another 5% is due with 5% being paid at certain stages of construction.  When the roof is set to be added, another 10% must be paid with the remaining 30% at completion. 

Terra’s Last Doral Community
As the Terra Group’s last community development in the heart of Doral, this is definitely a signature Terra Group neighborhood with so much to offer.  Its contemporary style and ideal location will make it a highly sought-after Doral neighborhood


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