Codina Partners Announces Palma Tower Two at Downtown Doral Fully Leased Months Ahead of Schedule
Despite a competitive rental market, the luxury apartment tower is 100% leased, surpassing expectations by three months
Palma Tower Two, the second luxury apartment high-rise at Downtown Doral, is nearly completely leased. With pre-leasing launching in June 2023, an astounding 100% of the tower’s 228 units have been leased, signaling unprecedented demand for convenient and elevated urban living in growing cities like Doral.
The residences in Palma Tower Two start at just under $2,700 per month and range from one-bedroom to three-bedroom residences. The building features luxurious amenities to support health and wellness including a state-of-the-art fitness center, massage and sauna rooms, rooftop pool deck, and racquet ball courts, as well as entertainment amenities such as a theatre room, putting green, and game room. The Palma also offers a business center with conference room, workstations, and office pods for those looking for an enhanced work-from-home lifestyle.
Set at 5225 NW 85th Avenue in Downtown Doral, the property was developed by Codina Partners and adjoins its sister tower Palma Tower One—previously named 5250 Park—which is currently 99% leased. Presenting a cohesive and enhanced experience, the Palma towers boast nearly 17,000 square feet of shared amenities and a total of 459 apartment homes. Both the leasing and property management for the Palma towers are by Bozzuto.
“In Miami’s crowded rental scene, Palma stands out as it provides a walkable, safe and vibrant community nestled at the core of Downtown Doral” said Ana-Marie Codina, CEO of Codina Partners. “Palma Tower Two’s unique amenities and prime location have attracted young professionals and families alike. I commend our leasing team at Bozzuto for their instrumental role in achieving this milestone and surpassing our goals.”
Palma Tower Two is located in the 250-acre mixed-use community at Downtown Doral which is home to restaurants, such as Baires Grill, The Doral Yard, Bulla Gastrobar and Pisco Y Nazca Ceviche Gastrobar; A-rated charter schools; fitness centers; green spaces; interactive art and entertainment; and everyday essentials.
To learn more about Palma Tower Two, visit the leasing office at 5225 NW 85th Avenue
Miami, FL 33166. To schedule a tour, call 883-664-1469 or visit ThePalmaDoral.com.
To learn more about Downtown Doral visit DowntownDoral.com.
