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Week of June 8, 2000 |
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Doran Jason to put 6 office buildings in Airport West By Marilyn BowdenDoran Jason Group is about to break ground on the first phase of a six-building office and industrial condominium park in Airport West. Site clearing is under way at Miami West Business Park on 21.74 acres at 79th Avenue and the Palmetto Expressway, says Javier Cappelleti, a partner in MC Construction, the project's builder. Construction will begin as soon as permitting is completed, he says, with a delivery date at the end of the year. The buildings will be constructed as shells, he says, with the open space subdivided as it's contracted. It's anticipated they'll run about 5,000-7,000 square feet, he says. "All units are dock-height with three doors," says Doran Jason's Lucia Custer, broker for the park. "The entrance to the optional office will be at street level and there will be plenty of maneuvering area for trucks. "All units have a mezzanine usable for extra storage." Prices for the units, she says, will run from $440,000 for a typical unit of 5,826 square feet to $600,000 for a corner unit of 7,238. Optional build-out of the office space would add $25,650 to $31,725 to the cost. Ramps are available for $8,000. "The entire park will be fenced and gated," Ms. Custer says. "The gate will be on 79th Avenue and will have a guard house that will be manned after hours. The park will also have electronic monitoring systems." The park's location heightens security, she says — it's bordered by the Pepsi compound to the south and Corporate Park of Miami to the north, both also fenced and guarded. This is the second such project MC Construction has built for Doran Jason, Mr. Cappelleti says. "Doral Business Park was the same situation for the same investors," he says. "The units averaged roughly 5,000 square feet. Buyers there were trading companies that have been in business in the area." With land near the airport becoming scarce and expensive, he says, and lease rates rising, "there's a lot of demand for this type of space. People who have been in this area recognize how fast properties can appreciate, and would rather build some equity on something they own than give it to a landlord." Doran Jason Group, (305) 592-7606.
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