The CocoWalk Mixed-Use Property Reaches 100% Leased in Miami’s Vibrant Coconut Grove

Less than a year since its reopening, the newly renovated CocoWalk mixed-use property announces its retail and office components are fully leased in Miami’s vibrant Coconut Grove neighborhood. Following an extensive multimillion-dollar renovation, the property now features 150,000 square feet of prime retail space leased to leading local, national and international restaurant and retail brands and a newly built, 85,745-square-foot office building that is home to regional and global businesses. The mixed-use property is owned by a joint venture comprised of Federal Realty Investment Trust (NYSE: FRT), The Comras Company and Grass River Property.

“The office and retail leasing success CocoWalk has achieved demonstrates how Coconut Grove is becoming a leading destination for business and leisure,” said Stuart Biel, senior vice president of regional leasing at Federal Realty Investment Trust. “The diverse mix of service-oriented retail, chef-driven restaurant concepts and entertainment the reimagined CocoWalk offers will serve locals and visitors alike, while also providing onsite amenities to the daytime population occupying our office spaces.”

Along with reaching 100% leased, CocoWalk has completed leasing its office spaces attracting seven companies representing the financial and investment, hospitality and cruise industries, amongst the fastest growing in the region. The latest businesses to ink office leases are: cruise line Azamara; Creating Culinary Communities, or C3, a company led by Sam Nazarian, the founder of global hospitality firm sbe Entertainment Group that operates multiple SLS, Mondrian and Delano hotel locations; Uno Management Services; Lagoon Advisors, an investment banking advisory firm; Baymount Management, an investment management firm; The Jordan Company, a private equity firm with offices in New York, NY; Stamford, CT and Chicago, IL; and OC Investment Management, LLC.

Following the extensive remodel, CocoWalk now features three levels of prime retail space, the newly built class A office building One Cocowalk and renovated office space on the property’s west side known as Two Cocowalk. New-to-market tenant The Jordan Company is leasing 12,717 square feet; Uno Management Services will occupy 8,273 square feet; Lagoon Advisors will take 3,510 square feet; Baymount Management 1,928 square feet; and OC Investment Management, LLC another 1,247 square feet at One Cocowalk. Meanwhile, upscale cruise line Azamara inked a 9,286-square-foot lease; and C3 will occupy 9,205 square feet that will be home to its headquarters, a test kitchen, and culinary institute at Two Cocowalk.

The newly signed companies join an office tenant roster that includes American Land Ventures, international law firm Weinberg, Wheeler, Hudgins, Gunn & Dial, LLC, private equity firm Boyne Capital, and creative co-working pioneer Spaces. Amenities at the office building include dedicated elevators connecting office users with private parking, 24/7 security, a full-service, on-site gym and access to the building’s rooftop terrace and event space that overlook Coconut Grove’s lush tree canopy and bay views.

The exclusive leasing agent for the office space at CocoWalk is Blanca Commercial Real Estate led by Founder, Chairman and CEO Tere Blanca, Executive Vice Chairman Danet Linares and Vice Chairman Juan Ruiz.

“The successful leasing of CocoWalk’s office component has been a result of the quality office space, strategic location and direct access to dozens of dining and shopping options that the property offers,” said Tere Blanca, Chairman and CEO of Blanca Commercial Real Estate.

Among the restaurant and retailer concepts already signed at CocoWalk are Planta Queen, Sushi Garage, Mister 01 Extraordinary, Botanico Gin & Cookhouse, Salt & Straw, Sweetgreen, Narbona Natural Foods & Farm Market, Bluemercury, Edward Beiner, Edite Mode and The Spot Barbershop.

CocoWalk Launches Phased Reopening Just In Time For The Holiday Shopping Season

The highly anticipated phased reopening of CocoWalk in Coconut Grove has officially commenced with the 2020 Holiday shopping season in full swing. Federal Realty Investment Trust, the majority ownership group behind the development, with partners The Comras Company and Grass River Property are excited to announce the lifestyle center has slated new innovative dining experiences and boutiques ready to open for the Holiday season. New openings include: Planta Queen, Free People Movement, Edite Mode, Europann, Mr. 01 Extraordinary Pizza, Sportive, Edward Beiner Eyewear and The School of Rock.  

“Five years ago, we set out to re-energize CocoWalk by attracting a tenant mix better aligned with the community’s needs and interests while creating an authentic destination that would position CocoWalk at the forefront of Miami’s retail evolution,” said Stuart Biel, of Federal Realty Investment Trust. “We look forward to bringing the community together through exceptional experiences and refreshed concepts that are unique to CocoWalk and enjoyed by Miami locals and visitors alike.”

Michael Comras, CEO and President of The Comras Company and board member of the Coconut Grove Business Improvement District (BID) said: “By reintroducing CocoWalk with the types of brands and concepts that the neighborhood identifies with while giving visitors new reasons to rediscover Coconut Grove, we’ve created a destination that suits the daily desires of the area’s residents, office tenants, and locals and ensures CocoWalk reclaims its spot as the number one shopping, dining, and entertainment location in Miami.”  

CocoWalk is four-stories tall and 150,000 sq.ft. of prime retail, dining and entertainment space. The property’s east end also includes Class A office space. Retail lease is managed by Federal Realty Investment Trust and The Comras Company, office lease is managed by Blanca Commercial Real Estate. The phased reopening of CocoWalk is just in time for the Holiday shopping season rush and festivities.

CocoWalk Announces New Fashion-Focused Retailers Ahead of Fall Reopening In Coconut Grove

CocoWalk, one of the most highly anticipated mixed-use projects in Miami, has announced new clothing concepts to join their lineup. The open-air lifestyle center is bringing new tenants and energy to the Coconut Grove neighborhood. It is slated to begin its phased reopening later in the Fall along with new fashion-focused tenants. CocoWalk features 150,000 sq.ft. of prime retail and dining space that is currently 80% leased. New brands include Free People Movement, Europann and Late Night Gypsy.

“Our aim is to return CocoWalk to its former vitality by bringing in carefully curated tenants attuned to the wants and needs of the local community and surrounding neighborhoods,” said Stuart Biel, senior vice president of regional leasing at Federal Realty Investment Trust. “FP Movement, Europann, and Late Night Gypsy are cool and original apparel concepts that will not only enhance the center Grove’s retail offerings but will bring the community together for unique experiences.”

CocoWalk offers new tenants the opportunity to launch new concepts and test the market in prime retail space. Free People Movement is by the Philadephia based boho fashion house Free People. Their new line will offer customers fashionable athletic wear from a brand they already know and love. Europann is a men’s clothing line from Saint-Tropez, introducing the French Riviera style of prints and bold colors to Miami. Late Night Gypsy will offer trend-setting vintage clothing concepts from Los Angeles. Their brands include For Love and Lemons, Lavish Alice, Jen’s Pirate Booty and Band of Gypsies. 

“I’m excited to bring the trendy, street chic style of Los Angeles to the colorful spirit of Miami,” said Allegra Wynne-Kaplan, founder and owner of Late Night Gypsy. “Growing up in Miami, I always loved Coconut Grove’s enchanting vibe and unique energy – and after 15 years in Los Angeles, I’m ready to return to my roots, by opening my first storefront location at CocoWalk in the Grove. The artsy and free-spirited nature of the neighborhood perfectly aligns with Late Night Gypsy’s brand, mission, and image, and I look forward to being part of the Grove community once again.”

The three new retailers will join CocoWalk’s existing list of chic, diverse and international shops and restaurants. The list includes Planta Queen, Sushi Garage, Mister 01 Extraordinary, Botanico Gin & Cookhouse, Salt & Straw, Sweetgreen, Narbona Natural Foods & Farm Market, Bluemercury, Edward Beiner, Edite Mode, Palma de Leon, The Spot Barbershop and The School of Rock. The bespoke lineup of CocoWalk brings a new age of fashion, beauty and lifestyle to Coconut Grove.