At full build-out, the logistics center will feature more than 2.6 million square feet of Class A space.
Bridge Industrial has received approval from the City of Doral to break ground on Bridge Point Doral, its more than 2.6 million-square-foot logistics center in Doral, Fla.
Aaron Hirschl, vice president at Bridge, said in prepared remarks that the company plans to begin construction on the project later this month. The first building is expected to be delivered in late 2023.
The facilities will range from 165,000 to 900,000 square feet but Bridge Industrial is offering build-to-suit options going up to 1.4 million square feet. The buildings will feature cross-dock and rear-load warehouse configurations, as well as trailer drops in a secure environment. The project also has a neighboring 10-acre parcel that can be developed into commercial or retail space.
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The logistics center will be built on a 175-acre site located at the southwest corner of Northwest 107th Avenue and Northwest 41st Street in Doral’s Airport West submarket. The location gives tenants immediate access to the Florida Turnpike and the area’s major thoroughfares that connect to Florida’s airports and seaports. Kevin Carroll, partner of the Southeast Region for Bridge Industrial, said in prepared remarks that the site is in one of the most sought-after industrial submarkets in the U.S.
South Florida industrial projects
With Bridge Point Doral, Bridge Industrial’s portfolio expands to 10 million square feet of Class A industrial space, either developed or under construction. The company is one of the most active industrial developers and investors in South Florida. Bridge Industrial’s acquisitions total 18 separate transactions across the region, adding up to approximately 700 acres.
To kick off 2022, Bridge Industrial acquired a 336,852-square-foot industrial campus in Pompano Beach, Fla., for nearly $46.3 million. A few months later, the company landed a $153.5 million construction loan to build the second phase of its industrial project in Miami Gardens, Fla. Earlier this month, Bridge Industrial acquired 26 acres of land to build a 409,189-square-foot logistics facility next to the Miami Opa Locka Executive Airport.