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Trendy Coconut Grove Getting Boutique Office Space

MIAMI-An affiliate of Chicago-based Transwestern Investment Co. is building 14,000 sf of leaseable office space atop 16,000 sf of new retail in CocoWalk, a popular, 186,000-sf entertainment complex the company acquired last year in a mostly residential community just south of Downtown.

By David R. Corder | Updated on February 28, 2001

MIAMI-Transwestern Coco Walk has broken ground on a four-story, 14,000-sf office expansion at the popular 186,000-sf CocoWalk retail-entertainment complex in the city’s Coconut Grove district.

Already the Gap Inc., a specialty retail clothier that now leases about 5,000 sf at the site, is taking another 16,000 sf of new retail space on the first and second levels of the new building, Jay Miller, senior vice president of Steiner & Associates, tells GlobeSt.com. Steiner, a CocoWalk management company that Yaromir Steiner founded, supervised development of CocoWalk in 1989 for Constructa, the French-based developer.

Miller didn’t disclose the construction cost, but construction industry estimators familiar with comparable projects tell GlobeSt.com the combined hard cost of the new space will probably come in at $3 million or at least $100 per sf. The Gap is adding the specialty stores Baby Gap, Gap Kids and Gap Body, a specialty-clothing store for men and women.

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