Carnival Lists 470K SF Miami Headquarters For Sale
Carnival Corp. is looking to sell its massive headquarters in a Miami suburb and reduce its footprint in the city by around 35%.
The cruise company has brought on Cushman & Wakefield to market its 470K SF headquarters in Doral and is looking to lease around 300K SF of new space in Miami, Bloomberg reported. Carnival expects to stay at the Doral office for the next two years as it finds and builds out the new location.
Carnival’s 10-story office building at 3655 NW 87th Ave. sits on a 17-acre site with a large surface parking lot. It was built between 1982 and 1996 and last sold for $16.6M in 1983, according to deed records.
The buyer was a Delaware entity called 3655 NW 87th Ave Corp., and a second $23M disqualified sale appears in deed records in December 1994. Carnival Corp. is listed as the property’s current owner.
Given the site's ample open space and dated office building, the property appears poised for redevelopment. A Cushman & Wakefield spokesperson confirmed the brokerage is marketing the property but declined to comment further.
Carnival will likely benefit from the wave of development across Doral in the last two decades that has transformed the city from an expanse of warehouses into a bustling Miami suburb.
Coral Gables-based Codina Partners developed Downtown Doral starting in 2005 and recently unveiled plans for the final phase of the 250-acre project.
The area has more than 10,000 residential units, two charter schools and more than 40 retailers and restaurants. Codina’s final phase would add another 25K SF of retail with rooftop pickleball courts and a 929-car garage.
Codina is also planning to demolish four office buildings in the city that were mostly built in the 1980s, freeing up an additional 25 acres for development.
Miami-based Related Group also opened CityPlace Doral in 2017, adding more retail, restaurants and apartments to the city.
Carnival didn’t respond to Bisnow’s request for comment, and the firm hasn’t disclosed which part of Miami it’s eyeing for its new headquarters. Carnival cruises depart from PortMiami, between Downtown Miami and Miami Beach, about 15 miles from its Doral headquarters.
Royal Caribbean Group began construction of a new 10-story headquarters at PortMiami last month. The 380K SF project is slated to deliver in 2026 and will host around 3,000 of the cruise line’s South Florida employees.
MSC Group, a Swiss cruise and shipping company, is also planning to relocate from a Doral office to Block 55 at Sawyer’s Walk, a mixed-use development being built in Overtown, just north of Downtown Miami.
The 130K SF lease will make MSC the only office tenant at the property, which will serve as the headquarters for its cruise division and house around 250 staff members. MSC is also building a four-story cruise terminal at PortMiami that will accommodate 36,000 daily passengers.
Cushman & Wakefield also helped MSC Group identify the new office space.
