Atlantic Pacific Development Breaks Ground on New Residential Community in Miami

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(Miami, FL) -- Atlantic Pacific Development (APD), the development subsidiary under Atlantic Pacific Companies (AP), announces that it will be developing The Atlantic Doral Grande, a luxury rental community located at 10500 Northwest 74th Street in Doral, FL. APD has secured all permits and the ground breaking will occur in approximately 30 days. An official groundbreaking ceremony is planned for Spring 2012 and will be announced soon.

The Atlantic Doral Grande will consist of 360 luxury residential units containing one, two, and three bedroom models.  Each unit is designed with exquisite kitchen and baths that include premium finishes such as granite countertops and stainless steel appliances. Amenities include a resort-style pool with gazebo and spa; a walking path around lake; state of the art fitness center with a cardio room; theatre; kid's playroom; business center with a conference room.; club room with a bar; tennis court; tot lot/children's play area; and a dog park. Units will be available for occupancy in the Spring of 2013.

This property is the first of a series of developments that will incorporate the brand name "The Atlantic." The principals of AP currently own 5,000 multifamily units and are actively acquiring land and other assets along the East Coast, the Southeast and Southwest.

Senior Managing Director of APD, Alex Lastra, states "We are excited to see this project move forward. Doral is one of the most vibrant cities in Miami-Dade County with a deep employment base. We believe our rental project will further contribute to the amenities of the City of Doral and we look forward to continuing our growth in this city."

Atlantic Pacific Companies is a fourth generation real estate company operating three distinct platforms: development; property leasing & management; and real estate advisory & asset management. Since the mid 1970's, AP has purchased, developed, leased and managed residential & commercial properties throughout the United States and currently owns and manages more than 22,000 residential units and more than one million square feet of commercial space.