Codina Partners Part 1 - Downtown Doral? Experience The Community Redefined By The Codinas
EisnerAmper Real Estate Services Group Ken Weissenberg discusses Downtown Doral and the rise of Codina Partners with Executive Chairman Armando Codina and CEO Ana-Marie Codina Barlick.
Ken Weissenberg: Hi I'm Ken Weissenberg from the accounting and advisory firm EisnerAmper LLP and I'm here with Armando Codina and I'm here also with Ana-Marie Codina Barlick from Codina Partners. So I really want to ask you about Downtown Doral it is a city that you're building I'd like you to tell me a little bit about it and you know how you got involved in it.
Armando Codina: Thank you for having us again. So Downtown Doral is I think the intersection of two events, one was a national tragedy, and one is a Miami phenomenon. The national tragedy was 9/11. This was a corporate park, which was a series of 31 buildings mostly occupied by government. After9/11, government made a decision to move so they couldn't be so concentrated, that one act of terrorism could cripple.
Armando Codina:They quickly began to leave. The park went into complete disarray. Was unable to be used, a very distressed property in the middle of nowhere, and buildings that you couldn't reuse because they were really very poor quality buildings. They have asbestos, so that’s one. The other piece was in Miami. A phenomena which was incorporation. Most of Miami, many years ago, was unincorporated. It’s a very small piece. Unincorporated county was huge, it was Doral, it was Ken Doll it was where all the growth came. People were very unhappy with the quality of life of the unincorporated county because they were paying. Originally if you lived in Miami, or if you lived in Miami Beach, you paid county and city taxes. When people moved out to an unincorporated county they paid on incorporated county taxes, no city taxes, but the county because the growth needed funding. They created an unincorporated city tax so people were now paying even though they were not getting the service of the county and city. Long story short, there was a movement of incorporating. The first city to incorporate was Key Biscayne. There’ve been many others, Meadow Bay, Pine Crest. Doral incorporated in 2003. When many people looked at these parks in distress, as I sort of didn't think it much of a mission. Doral needed a downtown. If we incorporated a place like Dade County, I saw it was like my arm separating itself and saying I want to be a person, you can't be a person if you don't have heart and a soul. Doral needed a downtown, and that's what we gave it. First it was originally 120 acres to begin with, and now it is 250.
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Codina Partners Executive Chairman Armando Codina and CEO Ana-Marie Codina Barlick share their perspectives on how to make it in commercial real estate with EisnerAmper Real Estate Services Group Chair Ken Weissenberg.
Codina Partners Executive Chairman Armando Codina and CEO Ana-Marie Codina Barlick discuss the major trends in the Miami real estate market with EisnerAmper Real Estate Services Group Chair Ken Weissenberg.
EisnerAmper Real Estate Services Group Chair Ken Weissenberg asks Codina Partners Executive Chairman Armando Codina and CEO Ana-Marie Codina Barlick about their approach to running a business owned by a family.
Codina Partners Executive Chairman Armando Codina and CEO Ana-Marie Codina Barlick discuss the importance of giving back to the community with EisnerAmper Real Estate Services Group Chair Ken Weissenberg.
EisnerAmper Real Estate Services Group Chair Ken Weissenberg asks Codina Partners Executive Chairman Armando Codina and CEO Ana-Marie Codina Barlick about getting back into the Miami marketplace.
Real Estate Services Chair Ken Weissenberg interviews Codina Partners' Executive Chairman Armando Codina and CEO Ana-Marie Codina Barlick. Ana-Marie discusses how she grew into her role at Codina Partners.
Codina Partners Executive Chairman Armando Codina and CEO Ana-Marie Codina Barlick discuss Armando’s journey and how the Codina family rose to real estate power with EisnerAmper Real Estate Services Group Chair Ken Weissenberg.
EisnerAmper Real Estate Services Group Chair Ken Weissenberg asks Codina Partners Executive Chairman Armando Codina and CEO Ana-Marie Codina Barlick if there are really two Downtown Dorals.
EisnerAmper Real Estate Services Group Chair Ken Weissenberg discusses the Florida real estate market and Downtown Doral as a live-work town center with Codina Partners Executive Chairman Armando Codina and CEO Ana-Marie Codina Barlick.
