Armando Codina Revitalises Two South Florida Communities


Armando Codina

CORAL GABLES, Fla. – (May, 2010) – South Florida developer Armando Codina of Codina Partners, a Coral-Gables based real estate firm, is currently overseeing the infill development of two South Florida communities, Downtown Doral and Monterra Cooper City. Because both Downtown Doral and Monterra Cooper City involve developing vacant and under-used parcels within existing urban areas, they are categorized as infill projects.

“Infill development programs provide long-term sustainable and revenue-generating benefits to underdeveloped areas,” said Armando Codina, Chief Executive Officer of Codina Partners. “Upon completion, Downtown Doral and Monterra Cooper City will provide residents with convenient access to services, amenities, and recreational opportunities.”

A 120-acre master-planned community in Doral, Fla., Downtown Doral is a mixed-use development featuring thousands of residential units, more than one million square feet of commercial space and an elementary school.  The community will also feature a three-acre public park, landscaped medians and a residential boulevard lined with townhouses complemented by beautiful landscaping, fountains and shade pavilions.

Monterra Cooper City is being built on one of the largest undeveloped parcels in Broward County- 500 acres southwest of Stirling Road and

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University Drive.  A 1,600-unit master planned community in Cooper City, Fla., Monterra Cooper City will feature single-family, estate and townhome floor plans with prices starting in the low $200s. The Monterra Cooper City community will also include a shopping center offering locals access to a drug store, grocery and retail shops.

Codina noted that activity at both projects has been moving along ahead of schedule with residents scheduled to move in as early as summer of 2010. For more information on Downtown Doral, please call 305-392-5900 or visit www.downtowndoral.com. For more information on Monterra, please call 954-450-2822 or visit www.monterrafl.com.

About Codina Partners

Formed in the fall of 2009, Codina Partners, LLC is Armando Codina’s latest real estate endeavor. Codina Partners is a boutique real estate investment and development firm based in Coral Gables, Florida.

He founded the predecessor of the Codina Group in 1980 and served as chairman until 2006 when he merged it with Florida East Coast Industries. He then became chairman of Flagler Development, part of FECI, and remained in that position after FECI was sold to Fortress Investment Group in 2007.

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