Five New Wellness And Beauty Retailers Sign Leases At CocoWalk In Coconut Grove

Five new retailers focused on health, wellness, and beauty have signed leases at CocoWalk, the newly reopened lifestyle destination in Coconut Grove. Inspired by residents’ focus on health and wellness, the ownership hand-picked these new retailers to cater to all the lifestyle and beauty needs of area residents and the surrounding communities.

The latest brands to sign retail leases are GlossLab, a hygiene-first, membership based nail studio from New York that is opening its first Miami location and has hospitality entrepreneur David Grutman as one of its investors set to open in summer 2022; Antidote Wellness Labs, a boutique fitness studio that focuses on High Intensity Interval Training, nutrition, and holistic wellness;  chic jewelry brand hailing from Saint-Tropez, Gas Bijoux; Skin Lab by Barba Skin Clinic founded by Harvard-educated dermatologist Dr. Alicia Barba, who has partnered with Skinceuticals; and 3D Brow Studio, specializing in curating perfect eyebrows.

Antidote Wellness Labs will occupy about 2,577 SF on the second floor, accompanied by Barba Skin Clinic with about 2,181 SF and 3D Brow Studio with 1,062 SF. Gas Bijoux will be located on the first floor with 562 SF facing the open-air plaza.

CocoWalk has several more restaurants nearing opening including the highly anticipated Botanico Gin & Cookhouse, which is slated for opening later this summer. Marking the first establishment in Miami to embrace gin’s international resurgence, Botanico will incorporate modern American cuisine with a bar focused on gin cocktails and Mediterranean cuisine led by Mexican Executive Chef and Co-Owner Gerardo B. De Negri.

Sunset Harbour sushi outpost Sushi Garage is also expected open at CocoWalk this fall. Sushi Garage is owned and operated by The Juvia Group and will honor Japanese traditional cuisine utilizing the freshest ingredients in the setting of a contemporary designed space that will make for a unique dining experience.

Following CocoWalk’s multi-million-dollar renovation, the open-air lifestyle center features 150,000 SF of prime retail space in the heart of Coconut Grove, one of Miami’s premier neighborhoods. The property’s ownership group is comprised of Federal Realty Investment Trust (NYSE: FRT), The Comras Company and Grass River Property.

“We’re incredibly excited to welcome these four new retailers and to increase CocoWalk’s health, wellness, and beauty offerings to the community,” said Michael Comras, CEO and President of The Comras Company. “Our goal with the newly renovated CocoWalk is to reinvigorate the lifestyle destination and offer a more curated experience to those who live, work, and play in Coconut Grove. These brands and our upcoming restaurant openings will further enhance the lifestyle, dining and shopping experience the new CocoWalk has to offer.”

The new retailers join an already impressive line-up of curated national, regional, and local concepts already open on property. Restaurants currently serving up delicious eats at CocoWalk include PLANTA Queen, Mister 01Extraordinary Pizza, Sweetgreen, and Salt & Straw. Businesses currently providing unique retail offerings and other services include Bluemercury, FP Movement, Edward Beiner, Europann, Edite Mode, Late Night Gypsy, The Spot Barbershop, and School of Rock. 

Finvarb Group Adds To Deerfield Beach Assemblage With Acquisition Of Mixed-Use Property For $9.3 Million

Ronny Finvarb’s Finvarb Group has added to their Deerfield Beach assemblage with the acquisition of a mixed-use property at 233-245 N. Ocean Dr. in Deerfield Beach for $9.3 million. The 60,310 SF property was developed in 1988 and features a mix of office and retail tenants including Remax, 4D Gelateria, RNR Securities and Umberto’s Pizza. It was 97.2% leased at the time of transaction. The seller was Atlantic Pavillion Holdings who acquired the property in 2012 for $2.7 million.

233-245 N. Ocean Dr. is located adjacent to a 41,679 SF parking lot and JB’s on the Beach, a 9,000 SF beachfront restaurant located at 300 NE 21st Ave. which Finvarb Group acquired in March 2021 for $11 million. The most recent acquisition completes a complex transaction for the entire assemblage which totaled $20.4 million and was financed with a $14.2 million acquisition loan from Apollo Bank.

The Miami Beach-based Finvarb Group is led by hospitality and real estate investor Ronny Finvarb and one of the fastest-growing real estate development companies in the nation. Finvarb Group has developed and owns hotels in Miami Beach as well as different parts of Florida, Arizona and Texas. They recently completed the Kobi Karp-designed Kimpton Palomar South Beach which features Osteria Morini Miami Beach, a trendy, high-end Italian restaurant operated by the award-winning Altamarea Group.

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Black Lion Investment Group Acquires Former Katsuya Space In SLS LUX Hotel & Residences Brickell For $13.5 Million

Black Lion Investment Group has acquired the former Katsuya space in the SLS LUX Hotel & Residences in Brickell from The Allen Morris Company and Related Group for $13.5 million. The 11,412 SF restaurant suite is located at 8 SE 8th St. and includes the S Bar component as well. The space can accommodate up to 180 diners and also features an outdoor patio and an exclusive private dining area. Black Lion Investment Group plans to bring in a world-class flagship restaurant to the space which they expect to open in late 2021 or 2022. The off-market transaction was overseen by Fabio Faerman and Sebastian Faerman of FA Commercial with Fortune International Group.

Black Lion Investment Group is led by Robert Rivani and has spent $38 million in Miami over the past sixty days, including the Wynwood Arcade and Amara at Paraiso. They also own the Brickell Bay Boardwalk where another restaurant concept is planned.

“Miami, and Brickell in particular, is on a trajectory to evolve into the Manhattan of the Southern United States. Black Lion is thrilled to be part of Miami’s growth story by bringing even more world-class food and beverage offerings to Miami’s already thriving dining and nightlife scene,” said the firm’s president, Robert Rivani. “We’re exuberant about redeveloping this prized restaurant space in one of the hottest markets in the country.” Mr. Rivani continued, “When you examine what people are most willing to get out of the house and spend time and money on post-pandemic, it’s largely the hospitality experiences that simply cannot be recreated at home. We’re betting on Miami’s year-round residents and visitors continuing that trend indefinitely, enjoying the unique atmosphere of this cosmopolitan city throughout the year. We’re working to identify the restaurant concept that best complements Brickell’s vibrant, electrifying spirit, whether that’s a flagship location of an existing high-end brand or an entirely new chef-driven vision.”

SLS LUX Hotel & Residences is a luxury hotel-condo tower which was completed in 2018 and co-developed by The Allen Morris Company with Related Group. The developers announced the complete sell-out of the 450-unit luxury tower in February 2018. SLS LUX Hotel & Residences is located just steps from Brickell City Centre in Miami’s Brickell neighborhood at 801 S Miami Ave. The building was designed by Arquitectonica offers a mix of 450 residences and 78 hotel suites that blend exquisite décor by Yabu Pushelberg. SLS LUX Hotel & Residences also features world-class art throughout the building and exclusive lifestyle amenities and services including a spa, gym, lower pool deck, rooftop pool, outdoor theatre, rock climbing wall and tennis court.

Images via The Allen Morris Company

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The First Restaurants Opening In Downtown Miami's $4 Billion Miami WorldCenter Megaproject Are Announced

The first four restaurants coming to Miami Worldcenter, the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami, have been announced. The development’s ownership has completed leases with Chicago-based steakhouse Maple & Ash, set to open its first location in Florida; etta, a neighborhood restaurant centered around a wood-fired hearth; Laurel Brasserie and El Vecino, both concepts by Miami chef Michael Beltran. The leases combine to over 30,400 SF of indoor and outdoor space along Miami Worldcenter’s open-air entertainment promenades and mark the first tenants to lease space in Miami Worldcenter. All four concepts are expected to open in 2022.

“Our team is thrilled to unveil a stellar lineup of restaurants opening at Miami Worldcenter, with Maple & Ash, etta, Laurel Brasserie and El Vecino setting the tone for what’s to come. These restaurants exemplify the quality of the tenants and the experience we are curating for Miami Worldcenter’s residents and visitors,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “Bringing to life the retail components of Miami Worldcenter’s master plan is critical to transforming our 27-acre site into a thriving open-air destination, and we look forward to announcing additional retail concepts in the coming weeks and months.

The lavish Maple & Ash offers a modern take on a traditional steakhouse. Two-time Michelin-star Chef Danny Grant presents classic wood-fired dishes while offering diners an elegantly seductive experience. At Maple & Ash’s original Chicago location, the restaurant’s wine list has been named “one of the most outstanding in the world” by Wine Spectator. Maple & Ash will be located along World Square at the corner of Miami Worldcenter’s 7th Street promenade and NE 1st Avenue, and will occupy 15,000 SF of indoor and outdoor space, with ground floor and second floor seating.

Developed by the creative team behind Maple & Ash, etta is a neighborhood restaurant that serves delicious wood-fired dishes, from gourmet pizzas and warm focaccia to crisp seasonal salads and family-style shared pig and lobster picnics. Just as the kitchen is the focal point of interaction within a home, etta’s open kitchen design gives guests the same intimate experience. With two existing locations in Chicago, each etta location features a wood-burning brick oven and a giant wood-fired hearth for spit roasting and grilling. Located along the eastern side of the 7th Street Promenade, etta will feature approximately 11,000 SF of indoor and outdoor space across two levels.

Local Miami Chef Michael Beltran, a 2020 James Beard Foundation Awards “Best Chef: South” semifinalist, will bring his new dining concept, Laurel, to Miami Worldcenter. Laurel will offer diners a novel take on a French brasserie with hints of Chef Beltran’s Cuban influence, which is evident across his multiple concepts, including his revered Ariete. In addition to Beltran’s inventive French-Cuban fare, guests will be able to enjoy a limited selection of Cuban treats from popular Coconut Grove diner Chug’s. The casually chic restaurant will occupy 2,800 SF of indoor and outdoor space on the ground floor of Caoba, Miami Worldcenter’s apartment tower, at the corner of the 7th Street promenade and NE 1st Avenue.

Also developed by the Ariete Hospitality Group, El Vecino will be a high-end first-class cigar bar serving a full liquor bar and light fare such as head cheese croquetas, an assortment of meat and cheese, and pastelitos by Pastelito Papi. The venue will occupy approximately 1,600 SF of indoor and outdoor space joining Laurel on the ground floor of Miami Worldcenter’s Caoba apartment tower.

Retail leasing at Miami Worldcenter is led by The Comras Company, a leading, boutique real estate firm providing retail leasing, asset sales, consulting and development advisory services throughout South Florida. The leasing team is comprised of Michael Comras, Jeff Evans and Michael Silverman.

“Projects of this size, scale and caliber don’t happen often, not in Miami and not anywhere else in the country,” said Michael Comras, president of The Comras Company. “Miami Worldcenter sits just off the intersection of the two busiest highways, surrounded by various modes of public transit, steps from the most prominent cultural institutions in the city, and the FTX arena. That, coupled with downtown Miami’s exponential growth and the influx of domestic and international residents moving in the last year, makes Miami Worldcenter the most appealing location for businesses to invest in.”

As the largest private development underway in Florida, Miami Worldcenter will feature a diverse mix of residential, commercial and hospitality uses complemented by approximately 300,000 SF of retail, restaurant and entertainment space. These include two completed residential buildings: the 60-story Paramount Miami Worldcenter condominium and the 43-story Caoba luxury apartment tower. Approximately 150,000 SF of retail has been completed with tenant build-out work set to commence in 2021, and another 130,000 SF is currently under construction and nearing delivery. Construction is nearing completion at ZOM’s 43-story Bezel Miami Worldcenter residential tower and at the 351-room citizenM hotel, both of which are expected to open later this year.

Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Perez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Performing Arts Center; and Miami-Dade College’s Downtown Miami campus. It is also adjacent to Brightline’s MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach and Orlando, together with access to TriRail, the Metromover and the Metrorail, making Miami Worldcenter one of the largest and most-connected transit-oriented development in Florida.

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Broward Plaza Retail Center In Davie Sells For $12.8 Million

Broward Plaza, a 74,300 SF retail center in Davie, FL, which includes a Miami Grill outparcel, has sold for $12.8 million. El-Ad Broward Plaza LLC, an entity of El-Ad National Properties, acquired the 8.18-acre site from Saber Griffin Two, LLC. The transaction was overseen by Adam Tiktin of Tiktin Real Estate Investment Services (TREIS), who represented both the buyer and the seller. The closing took place June 25th and was financed with a $9 million loan provided by Ladder Capital.

Broward Plaza is located at 4803-4963 S. State Rd. 7 in Davie. The retail center is anchored by BrandsMartUSA, Dollar General, and Big Chef. The property had a total of 17 tenants and was 96% occupied at the time of sale. The buildings were constructed in 1975. The Miami Grill was renovated in 2017.

Broward Plaza is located on the southwest corner of South State Road 7 and Griffin Road. The property has excellent visibility with traffic counts in excess of 55,000 vehicles per day along South State Road 7 and over 30,000 vehicles per day along Griffin Road.

Swerdlow Group Breaks Ground On Sawyer's Walk Mixed-Use Development In Miami's Overtown Neighborhood

Construction has begun on the largest mixed-use development to take shape in Miami’s historic Overtown neighborhood in decades, paving the way for new shopping and dining options, affordable residences for seniors, and thousands of job opportunities. Sawyer’s Walk, a 1.4 million-square-foot development led by Swerdlow Group in collaboration with the Southeast Overtown/Park West Community Redevelopment Agency (CRA), will include 250,000 SF of destination retail alongside 578 apartments designated for low-income seniors.

Swerdlow Group and its partners, SJM Partners and Alben Duffie, acquired the 3.4-acre property at 249 NW 6th Street from the CRA and broke ground on the development at a June 23rd ceremony. Construction is expected to be completed in 2023.

“In working with the CRA and listening to nearby residents, it became clear that senior housing, affordable shopping options, and quality jobs are among the most pressing needs in Overtown,” said Swerdlow Group CEO Michael Swerdlow. “Sawyer’s Walk will check all of these boxes, while also creating a new destination for retail and dining that will activate city streets and attract people from throughout Downtown Miami and surrounding neighborhoods.”

The development of Sawyer’s Walk coincides with a rush of new residents, businesses and visitors into Miami’s urban core. Greater Downtown Miami is now home to 115,000 residents, 250,000 daytime visitors, and six million annual visitors, according to the Miami Downtown Development Authority.

Retail offerings at Sawyer’s Walk will include a 50,000 SF Target, a 25,000 SF Aldi supermarket, and new locations for Ross Dress for Less, Five Below, and Burlington. Additionally, 25,000 SF of public space at street level will feature restaurant space, outdoor seating, a children’s playground, a pedestrian promenade, a dog park, and a City of Miami NET office.

The upper floors of Sawyer’s Walk will offer 578 apartments set aside for low-income seniors earning at or below 60% of the Area Median Income. The unit mix will include studios, one-bedrooms, and two-bedrooms. Amenities will include a rooftop pool deck, a clubhouse and entertainment lounge, meeting rooms, and a complimentary health club membership for all residents.

“Sawyer’s Walk will be a triple-win for the Overtown community and the City of Miami, delivering a positive impact in the form of new jobs, additional revenue, and an affordable place to call home for hundreds of our local seniors. These benefits will help sustain quality of life in Miami while advancing the mission of the Southeast Overtown/Park West CRA,” said Jeffrey Watson, Chairman of the Southeast Overtown/Park West CRA.

Sawyer’s Walk is located alongside I-95, adjacent to Downtown Miami’s Central Business District and blocks from Brightline’s Miami Central station, the 27-acre Miami Worldcenter development, the Historic Lyric Theatre, Government Center, and Miami-Dade College’s Wolfson Campus. The site is bounded by NW 3rd Avenue on the west, NW 7th Street to the north, NW 2nd Avenue on the east, and NW 6th Street to the south.

Terra Locks Down $44 Million In Financing For Publix-Anchored Retail Development In Pembroke Pines

Coconut Grove, FL-based Terra has locked down a $43.74 million in senior mortgage financing for 16000 Pines Market. The loan was provided by Thorofare Capital, Inc., an affiliate of alternative investment manager Thorofare LLC., and was issued to 16000 Pines Retail Investments, LLC, an entity managed by 16000 Pines Market. 16000 Pines Market is a 135,000 SF mixed-use retail development nearing completion in the City of Pembroke Pines in South Florida’s Broward County. The financing was arranged by Walker & Dunlop’s Keith Kurland, Jackson Sastri and Ian Hawk of the firm’s New York City capital markets group.

Terra will utilize the loan proceeds to finish construction, capitalize the TIs/LCs and carry the project until its stabilization. Construction of 16000 Pines Market’s first phase was completed earlier this year, with construction of phase two now getting underway and expected to deliver in 2022.

“Terra’s continued investment in Pembroke Pines reflects the City’s growing residential population and the high barriers to entry that exist for new commercial development,” said Terra CEO David Martin. “16000 Pines Market will meet mounting demand for lifestyle-oriented retail and unique food and beverage experiences, while offering an everyday amenity for neighboring residents and visitors.”

The key anchor tenant at 16000 Pines Market is 91-year-old Publix Super Markets, Inc., the largest and fastest-growing employee-owned supermarket chain in the United States. Additional co-anchors include national off-price department store retailer Burlington (NYSE: BURL), which operates 740 stores across 40 states and Puerto Rico with over 40,000 employees and a $20 billion market capitalization, as well as Crunch Fitness, a fitness club chain that has more than 300 franchise locations across the United States, Canada and Australia.

Felix Gutnikov, Thorofare’s principal and head of originations, said, “closing this construction-completion loan for a Publix-anchored retail asset in a desirable South Florida suburb comes on the heels of our Miami office opening and underscores the firm’s commitment to expand our geographic footprint in the Southeast.”

“This high-structured financing reflects our belief that well-designed grocery-anchored shopping centers, with sought-after tenants such as Publix, will continue to garner demand from institutional debt and equity capital sources,” said Thorofare’s principal and CIO Brendan Miller. “Executing a transaction with Terra will help continue to expand our presence in the Southeast as well as diversifying our loan portfolio with grocery-anchored assets, the most resilient, necessity-based retail property type.”

16000 Pines Market is situated on 13.2-acres with strong visibility along Pines Boulevard and Dykes Road, a major thoroughfare in the affluent suburb Pembroke Pines, which is part of the Ft. Lauderdale retail market and Southwest Broward retail sub-market. Additional tenants include Verizon, Regions Bank, a United States Postal Service branch, Jersey Mike’s Subs, Vivo Pizza & Pasta, FirstWatch Café, Cheddar’s and MD Now.

Chase Bank Opens At R&B Realty Wynwood Property Next To The Gateway At Wynwood

Chase Bank has opened a new location at the intersection of trendy Wynwood and Midtown Miami. Chase Bank leased 3,391 SF from R&B Realty Group at 2830 N. Miami Ave. CBRE represented R&B Realty Group in the deal and is currently marketing the remaining 2,175 SF of retail space in the one-story building. R&B Realty Group is a family-owned real estate investment, management and development firm which is developing The Gateway at Wynwood across the street from the new chase location.

The Chase Bank Wynwood location is well positioned to serve the growing population in Wynwood and the surrounding Edgewater and downtown Miami neighborhoods. Within a 3 mile radius, there is a population of nearly 268,000 residents with an average household income of $57,000. The bank will also benefit from a daytime population of about 345,000 within that radius.

“The fact that Chase chose this building to open a new branch speaks volumes of the location,” said Shelby Rosenberg, who handles acquisitions & development at R&B Realty. “The Wynwood/Midtown area is seeing an influx of businesses and residents moving from across the U.S. while seasoned real estate developers are bringing thousands of new residents to the area. This is where retailers want to be to capitalize on Miami’s renewed interest across the globe.”

R&B Realty, with assets in New York, New Jersey, Ohio and Florida, has played a key role in the evolution of Wynwood. The developer is behind Kobi Karp-designed The Gateway at Wynwood, which will bring nearly 195,000 SF of Class A office space with an 8,500 SF, private rooftop deck, seven floors of office space, five floors of covered parking and nearly 25,000 SF of prime ground-level retail space. The building is currently under construction and scheduled for completion later this year. The Gateway at Wynwood has contributed to the emergence of Wynwood as Miami’s newest office submarket and helped foster a live-work-play environment.

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Trendy Health Food Hotspot Pura Vida Opens Seventh Location In The Wellness-Oriented Aventura ParkSquare

Pura Vida, South Florida’s go-to wellness eatery, has opened its seventh all-day café in the thriving Aventura ParkSquare neighborhood. Located at 2980 NE 207th St. Suite 110 in Aventura, the new location part of the brand’s expansion plan that includes the recent addition of a second location in Miami Beach as well as West Palm Beach. Jennifer and Omer Horev, the husband-and-wife duo behind the esteemed brand, have been steadily expanding their empire since they opened the first Pura Vida location in Miami Beach in 2012, with plans in the works for several more slated to open later this year.

Pura Vida Aventura occupies over 2,000 SF of space, designed with Pura Vida’s signature breezy and casual aesthetic, traditionally associated with their other Pura Vida locations. A key design element, signature to the Aventura location specifically, draws guest’s attention with a eye-catching floral arch display that delicately drapes across the space’s entrance.

“We’re looking forward to 2021 being our biggest year yet,” said Omer Horev, Chief Executive Officer and founder of Pura Vida. “As we continue to expand into different markets and neighborhoods across South Florida, we’re constantly amazed at how well-received our brand has been in the community. It’s important to us that our growth is organic and feels right; I am not willing to compromise the core values of the brand and our vision. We’ve had our eye set on Aventura for some time and we truly believe the Aventura ParkSquare neighborhood combines the very best of modern luxury living, culture, shopping, and dining all in one destination, designed with healthy living and wellness top of mind, which is very much in line with the Pura Vida brand.”

The design-focused lifestyle brand is meant to feel like an extension of the Horev’s home, welcoming, approachable, a place in which guests are eager to come back to and are proud to call their own 'neighborhood' spot. Each location, including the Aventura spot, offers an array of all-day breakfast menu items, specialty coffee drinks, fresh salads and wraps, flavorful bowls, superfood smoothies, fresh juices, locally brewed organic kombucha, and a wide variety of gluten-and-sugar-free and vegan sweet treats, baked daily in-house and sourced using all local and organic ingredients whenever available.

“As the evolution of Pura Vida naturally unfolds, I believe the brand has matured into much more than an all-day cafe,” said Jennifer Horev, Chief Brand Officer for Pura Vida. “We’ve been steadily transforming into a lifestyle, health-conscious brand and we really enjoy working with local vendors who bring new ideas and concepts to the table. We think our vision is very much in line with the team at Aventura Park Square and we couldn’t be more excited to open the doors, bringing our accessible and nourishing foods to this new community in South Florida.”

Images via Pura Vida

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305 Concepts' Coyo Taco Signs Two New Leases In South Miami and Fort Lauderdale To Continue South Florida Expansion

As the retail and hospitality market continues to experience a rapid recovery in South Florida, regional F&B powerhouse 305 Concepts has executed two new Coyo Taco leases for locations in Downtown Fort Lauderdale and South Miami. The popular restaurant, which leads its sector, has multiple locations in South Florida and abroad and is known for its highly rated authentic Mexican street food. Colliers’ Jenny Gefen, Director - Retail, represented Coyo Taco in both of the transactions.

In South Miami, Coyo Taco will be opening in a freestanding building on US-1, formerly occupied by Spring Chicken at 1514 S. Dixie Highway. The group chose the 3,819 SF space due to its position and close proximity to the University of Miami. The landlord was represented by Cushman & Wakefield.

“This is a rare, freestanding second generation restaurant space with excellent visibility to US-1 in a highly sought-after submarket,” Gefen said. “These transactions highlight continued broad optimism over the future of the South Florida restaurant industry, and the robust strength of the market for prime retail space as we continue to move forward with positive momentum out of and past COVID.”

In downtown Fort Lauderdale, Coyo will be opening in the 2,905 SF former Suviche space at Bank of America Plaza (401 E Las Olas Boulevard). This location will be Coyo Taco’s first location in Broward County. The landlord was represented by Jeff Evans and Michael Silverman of The Comras Company.

“Las Olas is the downtown core of Fort Lauderdale and Broward County, making it a perfect fit for Coyo Taco’s first Broward County location,” said Gefen. “The restaurant is perfectly positioned at the center of the central business district, on the ground floor of arguably the top-Class A office building in Broward County, surrounded by dense and growing vertical residential.” Coyo Taco anticipates openings for both locations in Q4 of this year.

Coyo Taco’s co-founders, Sven Vogtland and Alan Drummond of 305 Concepts LLC., are also behind Wynwood’s 1-800-Lucky and The Oasis, a new 35,000 square-foot outdoor courtyard featuring six premier restaurant vendors, live performances, a fitness studio, and more.

“We have been very fortunate to find second generation spaces in markets that were difficult to penetrate pre-Covid. Our team feels that both locations fit extremely well within Coyo’s existing footprint, and we look forward to continuing our expansion throughout Florida,” said Drummond.

According to the Colliers International Q1 retail market report, the Miami-Dade retail market remained strong, with only a .3% increase in vacancy since Q1 2020.

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