Coconut Grove

TBT - Cocowalk In Coconut Grove Sold For $87.5M

Cocowalk in 2011

TBT (May 5, 2015) - 4 years ago Cocowalk was sold for $87.5 million. The Duffy’s Sports Grill was eventually abandoned and gutted, along with the Hooters Restaurant on the 3rd floor.

The Eastern portion and main rotunda at Cocowalk was completed demolished September 2018 and construction is now underway for the 5 story office One Cocowalk.

The outdoor shopping mall in Coconut Grove called Cocowalk has sold for $87.5 million, according to the Miami Herald

Federal Realty Investment Trust purchased the mall from PMAT Real Estate Investments who bought it for $87 million in 2006.

The mall opened in 1990 across from the Mayfair hotel and was a popular attraction when first opened. In recent years, tenants have left leaving as much as 20% of the space vacant. 

However, Coconut Grove is seeing a resurgence in the area with the addition of Grove at Grand Bay,  Regatta Park, and tenants such as the Clyde Butcher Gallery Coconut Grove, Harry's Pizzeria and Panther Coffee in the Engle Building.

Mr. C Hotel Coconut Grove Expected To Open Today

Mr. C Hotel Coconut Grove

Mr. C Hotel Coconut Grove

The Mr. C Hotel Coconut Grove is expected to open today after beginning construction in the Summer of 2017.

The 5 story hotel has a rooftop pool overlooking Biscayne Bay and Coconut Grove along with a rooftop restaurant.

Previous construction photos of Mr. C Coconut Grove can be viewed here.

The Optimum Nearly Completed in Coconut Grove

The Optimum Coconut Grove

The Optimum Coconut Grove

Construction on the 5 story The Optimum in Coconut Grove is almost completed since starting to go vertical December 2017.

A year ago, construction was reaching the 4th floor of the building.

The Optimum will have 44,000 square feet of office space and a 6,500 square foot rooftop restaurant.

Previous construction photos of the Optimum can be viewed here.

One Cocowalk Taking Shape As Construction Reaches 3rd Floor

One Cocowalk Construction

One Cocowalk Construction

Phase two of Cocowalk renovations are well underway as One Cocowalk reaches the third floor of construction before finally topping off at 5 stories.

Just two months ago, a crane was installed on the site and vertical construction was beginning.

A 7,500 square foot Los Generales Mezcal & Grill will be opening at the end of the year with a rooftop terrace and bar.

The completed Cocowalk will be finished first quarter 2020.

Previous construction photos of One Cocowalk can be viewed here.

TBT - Inside The Abandoned Coconut Grove Playhouse - Photos & Video

TBT - Inside The Abandoned Coconut Grove Playhouse - Photos & Video

Built in 1926, and located at the corner of Main Highway and Charles Street, The Coconut Grove Playhouse opened 90 years ago on January 1, 1927, with a D.W. Griffith production of Satan of Sorrows that was attended by over 1,500 people. The building was originally named the Coconut Grove Theatre.

The Coconut Grove Theatre was built by Miami locals Irving J. Thomas and Fin L. Pierce as movie theater for the Paramount Enterprises Chain and the largest in Miami. The theater was designed by architect Richard Kiehnel of Kiehnel and Elliot to resemble a Spanish Rococo Palace in the style of Mediterranean Revival. The building originally had seven stores on the ground level, ten offices on the second floor and the third floor were apartments. It had the latest Wurlitzer pipe organ and had a very modern amenity at the time - air conditioning. 

Before the theater opened, Irving J. Thomas and Fin L. Pierce sold the building to Paramount Enterprises and the theater thrived until the Great Depression of the 1930s hit and attendance dropped significantly. The Coconut Grove Theatre eventually closed in the mid-1930s until it was used to train Air Force Navigators during World War II.

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Coconut Grove Playhouse Plan Denied By Miami Preservation Board

The Abandoned Coconut Grove Playhouse

Miami’s Preservation Board voted 6-4 to deny a $20 million plan approved two years ago to restore the Coconut Grove Playhouse.

In April 2017, the Preservation Board approved plans that would demolish the auditorium and theater, but restore the front V shaped part of the building. The plans called for replacing the 1100 seat theater with a 300 seat theater and a new parking garage.

The County may appeal the decision.

The Coconut Grove Playhouse has sat abandoned for almost 13 years, since April 2006.