One of Coral Gables’ largest office parks to get $7M makeover

The owner of the Douglas Entrance Office Parc in Coral Gables has begun a $7 million renovation. The 467,325-square-foot property at 800 Douglas Road was acquired for $101 million in March 2014 by a joint venture of Miami-based Banyan Street Capital and Los Angeles-based Oaktree Capital Management. With new office projects going up in Coral Gables such as Codina Partners’ 2020 Salzedo and Mediterranean Village, Douglas Entrance must ensure that it remains competitive for tenants. The five-building…