Inside CocoWalk's Retail Turnaround

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.