MIAMI—CocoWalk is an iconic development in the heart of Coconut Grove, but it isn't quite keeping pace with Coconut Grove's renaissance. Thankfully, the new owners have some ideas on bringing new life to the destination for dining and entertainment.
Federal Realty Investment Trust made acquired an 80% stake in CocoWalk with joint venture partners Grass River Property and Comras Company in May. The companies paid $88 million, which valued the 198,000-square-foot lifestyle center and have plans to make more investments.
GlobeSt.com caught up with Chris Weilminster, executive vice president of Real Estate Leasing for Federal, to get an inside look at how the companies plan to change CocoWalk in part two of this exclusive interview. You can still read part one: Behind the Deal: $88M CocoWalk Trade Dissected.
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