“The community has been waiting for a new and improved CocoWalk for years and now our completion is within reach. By the end of next year, our center will come back to life with chef-driven restaurants, neighborhood amenities, and unique retail offerings,” says Chris Weilminster, president of the mixed-use division for Federal Realty. “By adding offices, we will drive more foot traffic to area businesses and meet rising demand amongst companies that want to be located in one of Miami's most walkable and vibrant neighborhoods.”

Federal Realty officials note that the new retail mix will feature well-known brands and local operators providing lifestyle, wellness, beauty and other daily services. Food and beverage options will include fast, casual and sit-down restaurants. The centerpiece of the new CocoWalk will be an open-air courtyard complete with café seating and water features.

The Comras Co. is spearheading the center's retail leasing, while Blanca Commercial Real Estate is heading office leasing efforts at the property.

Comras Co.'s Michael Comras says, “The redeveloped CocoWalk will add a new option for retailers, restaurants and lifestyle-driven services, all set around a central courtyard that will quickly become one of Miami's great public spaces.”

The redevelopment comes amidst a surge of new residential and commercial activity in Coconut Grove. The area has also seen the recent opening of trendy restaurants and boutiques alongside longstanding coffee houses, art galleries and public parks that keep the area a top lifestyle destination in South Florida.

Tere Blanca of Blanca Commercial Real Estate notes, “The building's central, easy-to-access location will make it especially appealing to business decision-makers residing in and around Coconut Grove who currently commute outside the area. More than anything, companies at One CocoWalk will be joining a vibrant and growing community that is ideal for attracting and retaining talent in a connected urban environment.”