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Multifamily

Jun 11, 2024

Codina Partners Plans 412-unit Apartment Development in Downtown Doral

A new residential project, Sevilla, is set to enhance Downtown Doral. This seven-story apartment building will feature 412 homes, offering a range of layouts from one to three bedrooms.

Codina Partners Plans 412-unit Apartment Development in Downtown Doral
Traded Media
Traded Media

Traded Editorial

1 min read

A new residential project, Sevilla, is set to enhance Downtown Doral. This seven-story apartment building will feature 412 homes, offering a range of layouts from one to three bedrooms.

Project Details and Amenities

The development, led by Codina Partners, a Coral Gables-based company, will provide homes with sizes between 720 and 1,708 square feet. According to the South Florida Business Journal, Sevilla will include 15,800 square feet of amenities, such as a swimming pool, yoga deck, fitness center, and pickleball courts.

Construction Phases

Sevilla's construction will occur in two phases. The first phase is expected to begin later this year, with the second phase starting six months thereafter.

Market Context and Comparison

Although specific prices for Sevilla’s apartments have not been disclosed, RentCafe data indicates that the average rent for a 966-square-foot apartment in Doral is approximately $2,600 per month. This new development follows the successful launch of Palma Tower Two, another Codina Partners project, which quickly leased all 228 units after its 2023 announcement.

Strategic Location

Sevilla will be located at the intersection of Northwest 53rd Street and Northwest 52nd Terrace in Doral, FL, 33166, within Miami-Dade County. The high demand for housing in this area has encouraged Codina Partners to proceed with this development promptly.

#Florida#Multifamily
Published: Jun 11, 2024Last updated: June 11, 2024