Quarterra Multifamily, a subsidiary of Lennar Corp., in partnership with the CPP Investment Board, has topped out The Dori, a 222-unit multifamily community in Doral, Fla.
The mid-rise community will encompass studio, one-, two- and three-bedroom floorplans, ranging from 548 to 1,468 square feet. The sustainable building’s design achieved a National Green Building Standard Bronze certification.
Common-area amenities are slated to include a fitness center, clubhouse, coworking spaces, pet park and wash, and a swimming pool with cabanas. It will also feature a seven-story parking garage with 10 EV charging stations. Apartments will incorporate quartz countertops and smart thermostats, along with walk-in closets and walk-in showers, in select layouts.
Located at 4760 NW 85th Ave., the 2.2-acre development site is roughly 14 miles from downtown Miami and some 8 miles from Miami International Airport. The property is less than 2 miles from a Walmart Supercenter.
South Florida’s multifamily market continued to stabilize in the first moths of 2023. As of April, 42,882 units were under construction in the Miami metro, while 2,732 units came online in the first four months of the year, accounting for 0.8 percent of total stock, a recent Yardi Matrix report shows. By the end of 2023, more than 19,000 units are expected to be delivered, which would set an all-time record for the metro, according to the same source.
