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Codina Partners Part 2 - Downtown Doral Is Miami's Premier Town Center

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.


Transcript

Armando Codina:Let me tell you this about Doral. People, particularly if you are out of the market, even people in Miami did not quite realize. It didn't take a lot of vision. So the runway ends and the Palmetto on Doral begins. We’re the closest thing to the airport, right? If you looked at where most of the jobs were created in Miami in the last 20 years, it is near that airport, west of the Doral area. If you say what is the largest concentrations of employees of employment in Dade County, most people would say Brickel or Downtown Doral. The airport west of Doral in particular, Doral is the headquarters to the two healthiest industries in Dade County. What are the two healthiest industries in the county? The cruise lines, NCL and Carnival, but more important because Carnival is like two blocks from us and they are the largest. The other industry that is very successful because Miami doesn't have a headquarters company like you see here, is the networks. Univision is there, Telemundo is there, the Federal Reserve is there, so I could go on and on. The Miami Herald moved out of downtown and moved to Doral, and it was an incubator for a lot of businesses. We felt that we were building a city, as you said, but we were building something for work where the game was going to be played. And the game was going to be played in- live, work, play, learn-have this tenant who owns a sporting goods store in our retail industry. Her kid goes to Downtown Doral elementary so she never leaves.

Ana-Marie Codina Barlick: She doesn’t use her car.


Kenneth Weissenberg CPA, Tax Partner in Real Estate Services, is experienced in tax saving strategies and negotiating sales and acquisitions. He represents owners of some of the most well-known real estate properties in New York City.

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