Leading real estate developer Ascentris, in partnership with Highline and Square2, has announced major updates at the Westside Plaza campus, a Class A office campus in Doral.
The sale of the Westside Plaza I and III office buildings, part of the larger campus, has been completed. Alongside this, plans for a new 380-unit residential community at the Doral site are already underway.
Major Residential Development Planned at Doral Campus
A new 380-unit multifamily rental community is set to arrive at the Westside Plaza II site in Doral, Florida. Denver-based real estate private equity firm Ascentris, alongside investment firms Highline and Square2, plans to reposition the Westside Plaza campus.
Jay Caplin, principal at Square2 Capital, said the team had planned early for changing market demands. “By concentrating tenancy, investing in the office assets, and advancing a residential component, we were able to unlock value across the site and execute on both sides at the right time,” said Jay.
The Westside Plaza II, a 6.57-acre site with an office building, was sold on January 16, 2026, to a joint venture including ZOM Living, Ascentris, Highline, and Square2. The building will be redeveloped into a 380-unit rental community under Florida’s Live Local Act.
About Westside Plaza
Westside Plaza is an office campus acquired by Ascentris, Highline, and Square2 in 2021. The Doral campus consists of three multistory buildings spread across 22 acres. It offers modern office space with standard amenities and easy access to major roads, nearby businesses, and Miami International Airport.
- Westside Plaza I: Built in 1996 (four-story building)
- Westside Plaza II: Built in 1998 (four-story building)
- Westside Plaza III: Built in 2001 (four-story building)
Where: 8400 NW 33rd Street in Doral, Florida
As part of the redevelopment effort, occupancy at Westside Plaza I and III increased from about 63% to 98% by the time they were sold, following renovations and active leasing.
Key Details of the New 380-Unit Rental Community
The new 380-unit complex will offer a mix of rental apartments for different types of tenants. Situated near CityPlace Doral and the Airport West Corridor, the property is likely to attract the interest of individuals seeking connectivity and access to workplaces, roads, and other amenities.
Built on the former site of the Westside Plaza II office building, the new apartment complex will be developed in partnership with ZOM Living. The project will include parking, shared spaces, and open landscaped areas.
David Moret, principal at Highline Real Estate Capital, explained, “While the improvements we completed at Westside I and III set the table for a highly viable office execution, the passing of the Live Local Act created an accelerated path to a multifamily redevelopment.”
He noted that the shift to apartments was the best use of the property.
Doral itself is well-known for its mix of restaurants, shops, and parks. It also has a strong South American influence reflected in its food and culture. Located near Miami International Airport and close to downtown Miami, the area is one of the prime locations for residents and businesses.
Developers Sell Office Buildings as Part of Broader Strategy
Along with the redevelopment announcement, the real estate firms have also completed the sale of Westside Plaza I and III. Both office buildings are located within the campus.
Recent upgrades and improvements to common areas and amenities helped attract tenants. Additionally, the buildings were sold as stabilized assets, meaning they were largely leased and generating consistent income.
The sale of the buildings aligns with the broader strategy to reposition the campus. It will strengthen the portfolio and create room for new residential development.
Tricia Noble of Ascentris stated, “The ability to pursue both outcomes simultaneously reflects the importance of flexibility and active asset management in today’s environment.”
With the 380-unit residential community in the pipeline, Ascentris, Highline, and Square2 mark a milestone. The redevelopment also highlights how the site is being adapted to meet the changing needs of the market.
