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Related, PGIM, Shoma Sell Doral MF Complex to Harbor for $100M

CityPlace Doral Flats, a mixed-use apartment complex in South Florida, has traded hands for $100 million. Norfolk, VA-based Harbor Group International acquired the 303-unit asset from a partnership that included Miami-based The Related Group, PGIM Real Estate and Shoma Group.

The 95%-leased project with two, eight-story towers was developed in 2017 at 3555 N.W. 83rd Ave. It includes studios, one, two and three-bedroom apartments. Amenities include a fitness facility, party room with gaming tables, bar and lounge, and a sixth level pool, outdoor grill, and dining/bar area

CityPlace Doral Flats was developed on top of the 300,000-square-foot retail component of CityPlace Doral. The $800-million mixed-use project spans 55 acres and includes 40 retail, restaurant and entertainment tenants. The center is anchored by the 550-seat CinéBistro and has more than 1,000 residential units, including 150 single-family homes developed by Shoma, 700 rental apartments and 320 condos.

Walker & Dunlop’s Chris Conklin represented the sellers of The Flats.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition