Miami Condo Market and Lifestyle Updates
CocoWalk Mall Sells for the Same Price as it Last Sold in 2006, Buyer Plans Renovations

CocoWalk Mall Sells for the Same Price as it Last Sold in 2006, Buyer Plans Renovations

by Sep Niakan | June 17, 2015


The CocoWalk mall and property has been sold in an $87.5 million deal, which turns out to be the same price it was sold for back in 2006.

The $87.5 million price tag is thought to be just as aggressive as it was back then, since the 198,000 square-foot property has struggled to fill its tenants. Only 20% of CocoWalk’s spaces are filled, in contrast to the retail centers in downtown, which are mostly full.

The buyer of the property is the Federal Realty Investment Trust, who own 80% of the company along with local partners Grass River Property and the Comras Company. The new owners are planning on bringing in a better mix of tenants into the mall, which will bring about an all new renovation to the whole mall.

25 years ago marks the opening of Cocowalk, a nice 3-acre property with a decently-sized mall in Coconut Grove, and many hope that it will only improve in the future.



Photo credit: CocoWalk (photo:phillip pessar/flickr) -

Recent posts

Real Estate News

Luxury Miami Condo Report : March 2017

by Sep Niakan | April 20, 2017

Miami Luxury Condo Report Overall Market Summary City and Neighborhood Luxury Condo Reports              Miami Beach Luxury Condo Report                  ...


Miami May Events Round-up

by Sep Niakan | April 18, 2017

The temperatures are picking up and it’s time to lather on the sun tan and cool off with some awesome events around town. Here’s our pick of the hippest festivals in Miami to make for a magnificent May: SunFest Music and Arts Festival...


A Guide to Miami's Best Beaches

by Sep Niakan | April 17, 2017

Think Miami Beach and most people conjure up images of Spring Break, bikini-clad college students and a wild party worthy of '90s-era MTV. However, truth is that Miami’s beaches have a lot more to offer than those hyped up versions of...

Real Estate News

Miami’s New and Pre-Construction Condo Update: March 2017

by Sep Niakan | April 14, 2017

March has been a pretty busy month for Miami’s condo pre-construction market. From two sales gallery launches to four buildings topping-off, there’s been plenty of activity to keep the market abuzz. The biggest news, however, came in the...