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.

Moishe Mana Purchases Another Downtown Miami Building For $2.3M

108 South Miami Avenue

108 South Miami Avenue

Moishe Mana has purchased a 7,610 square foot building located at 108 South Miami Avenue for $2.3 million, according to The Real Deal.

Mana purchased the 2 story building next to his current purchase for $3.5 million in August 2018.

Over $350 million has been spent by Mana to acquire Downtown Miami properties over the past 4 years.

Brickell Flatiron Construction Updates

Brickell Flatiron Construction

Brickell Flatiron Construction

Construction on Brickell Flatiron is getting closer to completion since one of the cranes was removed last month.

A year ago, construction was on the 37th floor and eventually topped off February 2019.

Construction is expected to be completed Summer 2019.

Previous construction photos of Brickell Flatiron can be viewed here.

Zaha Hadid's One Thousand Museum Getting Closer To Completion

Zaha Hadid’s One Thousand Museum

Zaha Hadid’s One Thousand Museum

Zaha Hadid’s One Thousand Museum in Downtown Miami is quickly nearing completion since we last looked at the tower in November 2018 when both cranes were removed from the site.

At a height of 709 feet, the 62 story One Thousand Museum topped off in February 2018 and two years ago, May 2017, construction reached the 38th floor.

Construction is expected to be completed in the next couple of months.

Previous construction photos of One Thousand Museum can be viewed here.

Cranes Installed At Miami Plaza - Starting To Go Vertical

Miami Plaza Going Vertical

Miami Plaza Going Vertical

After beginning construction in January, two cranes at Miami Plaza have been installed and construction is starting to go vertical.

The 35 story rental tower will have 425 units and rise 370 feet.

Miami Plaza is being developed by Melo Group who also have the nearby and nearly completed two tower Art Plaza.

Art Plaza Nearing Completion

Art Plaza Construction

Art Plaza Construction

The under construction Art Plaza in the Arts & Entertainment district is getting closer to completion since we last looked when the West Tower topped off in January. The East Tower topped off November 2018.

Both cranes have been removed and more of the exterior is looking like the finished product.

The East and West Tower are both 34 stories and will have a total of 667 rental units with 15,000 square feet of ground level retail.

Developed by Melo Art Plaza is next to the completion Square Station and near the under construction Miami Plaza.

Previous construction photos of Art Plaza can be viewed here.