MIAMI—Three months after grabbing CocoWalk, a 198,000-square-foot lifestyle center in Miami's Coconut Grove neighborhood, the ownership team has inked deals with five pop-up stores and Chase Bank. A team led by Federal Realty Investment, Grass River Property, and Comras Company acquired the iconic asset for $87.5 million in May.

Among the new retailers are two longtime Coconut Grove businesses relocating from the Engle building across the street—Catch A Wave surf shop and Via Art Gallery. Upscale men's and women's boutiques: Edite Mode, GCK International and Vicky Victoria are also setting up shop, along with a brand new 3,000-square-foot Chase Bank branch on the center's ground floor along Grand Avenue. Comras negotiated the five pop-up leases on behalf of ownership.

“More so than most Miami neighborhoods, Coconut Grove enjoys a strong identity as being walkable, accessible and appealing to locals and visitors, with CocoWalk positioned as the village's retail anchor,” says Michael Comras, president of Comras. “Anytime we can generate additional consumer foot traffic and help longtime Grove businesses remain in the neighborhood, as we've done by adding Catch A Wave and Via Gallery, we're making progress toward our vision of a redeveloped CocoWalk that's home to contemporary fashion brands, vibrant cafés and lifestyle tenants that draw locals.”