MIAMI, FL – January 4, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announced today the $5.3 million sale of a 1.3-acre assisted living development site in http://downtowndoral.com/, a 250-acre mixed-use community in Doral, Florida.

Downtown Doral comprises approximately 70 shops and restaurants; a business district with almost one million square feet of Class A office space; 5,000 luxurious residential units, including 5350 Park condo tower and Canarias in The Residences at Downtown Doral; Downtown Doral Charter Elementary School, a top-rated bilingual charter elementary school; Downtown Doral Charter Upper School, which is currently under construction; Doral Government Center, a LEED-certified city hall; and public green spaces adorned with world-class art pieces.

“Downtown Doral is a transformative community in Doral,” said Jaret Turkell, managing director at HFF.  “This new ALF project will service a much-needed demand within the area and allow for multi-generational enjoyment within Downtown Doral.”

HFF represented the seller and master developer of Downtown Doral, Codina Partners, in the transaction to Goray Development Company.  The HFF investment advisory team representing Codina Partners included executive managing director Manuel de Zárraga, managing director Jaret Turkell, senior director Maurice Habif and associate Simon Banke.

“The assisted living component within Downtown Doral perfectly complements the independent living facility and the Baptist Health South Florida healthcare facility that are both under construction in Downtown Doral,” said Ana-Marie Codina Barlick, CEO of Codina Partners, master developer of Downtown Doral.  “I’d like to thank the HFF team for successfully facilitating this transaction that will further enhance the residential offering in our community.”