A new retail space is in the works in Doral following integrated development firm Terra’s purchase of a 3.9-acre lot for $12.5 million, according to The Real Deal. With a reported 81,000 square feet of commercial space for the project, Terra secured a $60 million construction loan from Coral Gables-based Fort Lauderdale Finance and Investment. 

The lot’s location on the corner of Northwest 87th Avenue and 36th Street boasts close proximity to two upscale developments: a similar retail and restaurant space, Downtown Doral, and recently opened CityPlace Doral, which includes retail and luxury condos. The property is also close to Trump National Doral Miami.

For Terra Group, the purchase marks another foray into retail spaces. The company is currently building a 78,000-square-foot office and mixed-use space in Coconut Grove in partnership with Mayfair Real Estate Advisors. The forthcoming project is also the company’s third in Doral, following Modern Doral — a collection of single-family homes — and Doral Commons, a retail center anchored by Publix, Citibank, and TJ Maxx.