SJC Ventures, Nuveen Real Estate Closes On 10-Acre Retail Outparcel To Develop Doral Marketplace

SJC Ventures, a premier Atlanta-based mixed-use, grocery-anchored retail and multi-family development firm, recently closed on a 10-acre retail outparcel at Bridge Industrial’s Bridge Point Doral, with plans to develop Doral Marketplace, a Whole Foods Market-anchored shopping center.

SJC Ventures, in partnership with Nuveen Real Estate, plans to break ground in fall 2024 on the new development that will comprise an 88,938-square-foot mixed-use center, featuring retail stores, restaurants and service-driven businesses.

Nuveen Real Estate is one of the largest investment managers in the world with $147 billion of assets under management as of March 31, 2024.

Located at the southwest corner of NW 41^st Street and NW 107^th Avenue, this development will offer the community a variety of highly desirable amenities in the heart of Doral. Other tenants currently slated to join the lineup at Doral Marketplace include Shake Shack, First Watch, GoodVets, The Spot Barbershop, Encore Nails, VIO MedSpa and Apizza Brooklyn Resto + Vino. Leasing representatives for the project remain active in seeking small business owners across the retail, fitness, financial, service and medical sectors to join the diverse tenant roster.

“It has been an absolute pleasure planning and working on this center in Doral from its inception,” said Jeff Garrison, principal at SJC Ventures. “This community is hands-on and intelligent about infrastructure and growth, which will make for a beautiful, energized and successful development here. We’re thrilled to be a part of this community.”

Doral Marketplace will sit adjacent to southwest Florida’s newest state-of-the-art industrial park, Bridge Point Doral (BPD), owned and developed by Bridge Industrial. Spanning more than 175 acres, Bridge Point Doral will total 2.6 million square feet of LEED-Certified, Class A industrial space, and is slated for completion in early 2025.

“Our vision for Bridge Point Doral has always been to attract amenities that significantly enhance the quality of life for residents and create a true corporate campus atmosphere for future tenants,” said Kevin Carroll, partner, southeast region of Bridge Industrial. “With this in mind, we are pleased to announce the sale of the retail portion of our site to SJC Ventures. They are a reputable company with a proven track record of delivering high-quality shopping centers with a diverse mix of amenities, including Whole Foods Market. We are confident that Doral Marketplace will be a welcomed and vibrant addition for the community.”

Doral Marketplace will start vertical construction later this year, with the first openings scheduled for the second half of 2025.

Michael Finkle, managing director of Koniver Stern Group, represented SJC Ventures in the acquisition, while Mark Gilbert, vice chair and leader of Cushman & Wakefield’s Retail Capital Markets Practice in the Americas, represented the seller, Bridge Industrial.