TBT - Cocowalk In Coconut Grove Sold For $87.5M

May 02, 2019 in Coconut Grove, Miami, Real Estate

TBT (May 5, 2015) - 4 years ago Cocowalk was sold for $87.5 million. The Duffy’s Sports Grill was eventually abandoned and gutted, along with the Hooters Restaurant on the 3rd floor.

The Eastern portion and main rotunda at Cocowalk was completed demolished September 2018 and construction is now underway for the 5 story office One Cocowalk.

The outdoor shopping mall in Coconut Grove called Cocowalk has sold for $87.5 million, according to the Miami Herald.

Federal Realty Investment Trust purchased the mall from PMAT Real Estate Investments who bought it for $87 million in 2006.

The mall opened in 1990 across from the Mayfair hotel and was a popular attraction when first opened. In recent years, tenants have left leaving as much as 20% of the space vacant.

However, Coconut Grove is seeing a resurgence in the area with the addition of Grove at Grand Bay, Regatta Park, and tenants such as the Clyde Butcher Gallery Coconut Grove, Harry's Pizzeria and Panther Coffee in the Engle Building.

Cocowalk In Coconut Grove Sold For $87.5M

May 05, 2015 in Coconut Grove, Miami, Real Estate

The outdoor shopping mall in Coconut Grove called Cocowalk has sold for $87.5 million, according to the Miami Herald.

Federal Realty Investment Trust purchased the mall from PMAT Real Estate Investments who bought it for $87 million in 2006.

The mall opened in 1990 across from the Mayfair hotel and was a popular attraction when first opened. In recent years, tenants have left leaving as much as 20% of the space vacant.

The New Look Engle Building In Coconut Grove

January 20, 2015 in Arquitectonica, Coconut Grove, Miami

As part of the new re-emergence of Coconut Grove with new towers including Grove at Grand Bay, Park Grove and the soon to be built waterfront development, is the Engle building.

Located at 2980 McFarlane Road, the Engle building is owned by the Fort family, which is well known for their Miami based architect firm Arquitectonica. Arquitectonica also redesigned the building. New tenants in the building include Harry's Pizzeria, Panther Coffee, Büro Group and a Clyde Butcher gallery, according to the Real Deal.

The intersection where the building is located is one of the main focal points of the Grove and with the potential addition of a bookstore, juice bar and bakery will only further help create the rise of Coconut Grove once again.