Avison Young Completes Sale of Miami’s Dolphin Square Site
Avison Young’s Florida Capital Markets Group completed the sale of Miami-Dade County eight-acre multifamily development site Dolphin Square.
Avison Young Principals David Duckworth; Michael T. Fay, who is also managing director of the firm’s Miami operations; John K. Crotty, CCIM; Brian C. de la Fé; and Wayne Schuchts sold the asset on behalf of Boca Raton-based project development and management firm Procacci Development Corporation. The buyer was Coastland Residential, a Miami-based real estate investment and development firm.
“The existing multifamily properties in the Miami Springs/Doral submarket lack modern amenities and features renters are looking for, and there are virtually no class A multifamily projects planned in the area,” said Duckworth. “Considering the growing demand for new, high-quality multifamily housing, we positioned Dolphin Square to the buyer as an opportunity to capitalize on the supply/demand imbalance and purchase a site plan-approved development that will stabilize quickly at top market rents.”
Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.