Feel free to improve the article, but do not remove this notice before the discussion is closed. For more information, see the guide to deletion. Find sources: "CocoWalk" – news · newspapers · books · scholar · JSTOR%5B%5BWikipedia%3AArticles+for+deletion%2FCocoWalk%5D%5DAFD
The development and planning of CocoWalk goes as far back as 1984 in the city of Miami.[2] It was developed by Constructa Properties and designed by John Clark of Maryland. It opened in 1990. It featured an iconic entrance with an open plaza being the central point of the mall. The design heavily reflected Spanish architecture.[3]
It marked the transformation of Coconut Grove from a sleepy Bohemian neighborhood following the era of the Cocaine Cowboys. This disgruntled many locals a few years later, having to deal with an increasingly suburban lifestyle with a tourist presence, along with worsening traffic conditions.[4][5]
Being a popular local shopping destination and tourist attraction, dining and entertainment destination throughout the 90s, the center, however, began to decline in the early 2000s as Miami Beach increased in regional popularity for dining and entertainment and many of the retail chains, combined with its relatively small format, lessened the appeal for shoppers.[5][4]
In 2004, Thor Equities purchased the mall for $120 million in an attempt to tap into Hispanic and Black customers. By this time, it hosted chain stores like Banana Republic, B. Dalton, and Gap, along eight bars and restaurants.[6]
In 2006, PMAT Real Estate Investments purchased the Cocowalk mall for $87 million.[5][7][8]
In 2007, it experienced what was described as a renaissance, with a revival in activity within the mall and new tenants, including high-end stores, signing leases for space within the mall. Renovation to the movie theater was made by new tenants Muvico Theaters. Having bought it for $87 million, PMAT invested $7 million in improvements.[8]
It was sold for $87.5 million to the Maryland-based Federal Realty Investment Trust in 2015, its fifth owner since its opening.[5] In 2017, plans to redesign CocoWalk were announced, with the intent to get rid of the Spanish-style architecture. The new design would better cater to the local, suburban population as opposed to the previous focus on tourists, with owner FRIT citing localization within Miami's communities. The Cinepolis movie theater underwent renovations. There was a focus on leasing existing vacant space as office space and moving the retail wing to one side of the mall. Its vacancy rate was 20% as of May 2017.[7]
Referencesedit
^"Coco Walk Needs Weathering". Miami Herald. November 18, 1990. pp. 12-B.
^Lubove, Seth (November 8, 1994). "New Complex Coming Up in the Grove". Miami Herald. pp. 6-B.
^"Coco Walk Needs Weathering". Miami Herald. November 18, 1990. pp. 12-B.
^ ab"CocoWalk Shows Grove's Best, Worst". Miami Herald. August 23, 1992. pp. 2-B.
^ abcdMunzenrieder, Kyle. "CocoWalk Sells for $87.5 Million". Miami New Times. Retrieved 2022-06-21.
^Kenny, Elena (August 18, 2004). "Cocowalk Cambia de Propetario". Nuevo Herald. pp. 7-B.
^ abRodriguez, Rene (May 19, 2017). "Here's what the new CocoWalk will look like". Nuevo Herald. pp. 8-A.
^ abSmiley, David (December 16, 2007). "Cocowalk Steps Up". Miami Herald. p. 3.
External linksedit
CocoWalk official website
December 15, 2023
cocowalk, editor, nominated, this, article, deletion, welcome, participate, deletion, discussion, which, will, decide, whether, retain, feel, free, improve, article, remove, this, notice, before, discussion, closed, more, information, guide, deletion, find, so. An editor has nominated this article for deletion You are welcome to participate in the deletion discussion which will decide whether or not to retain it Feel free to improve the article but do not remove this notice before the discussion is closed For more information see the guide to deletion Find sources CocoWalk news newspapers books scholar JSTOR 5B 5BWikipedia 3AArticles for deletion 2FCocoWalk 5D 5D AFDCocoWalk is an open air shopping mall in the Coconut Grove neighborhood of Miami Florida in the United States CocoWalkThe entranceLocationCoconut Grove Miami Florida United StatesCoordinates25 43 43 N 80 14 32 W 25 72874 N 80 24209 W 25 72874 80 24209Address3015 Grand AvenueOpening dateNovember 1990 1 Websitewww wbr cocowalk wbr netThe development and planning of CocoWalk goes as far back as 1984 in the city of Miami 2 It was developed by Constructa Properties and designed by John Clark of Maryland It opened in 1990 It featured an iconic entrance with an open plaza being the central point of the mall The design heavily reflected Spanish architecture 3 It marked the transformation of Coconut Grove from a sleepy Bohemian neighborhood following the era of the Cocaine Cowboys This disgruntled many locals a few years later having to deal with an increasingly suburban lifestyle with a tourist presence along with worsening traffic conditions 4 5 Being a popular local shopping destination and tourist attraction dining and entertainment destination throughout the 90s the center however began to decline in the early 2000s as Miami Beach increased in regional popularity for dining and entertainment and many of the retail chains combined with its relatively small format lessened the appeal for shoppers 5 4 In 2004 Thor Equities purchased the mall for 120 million in an attempt to tap into Hispanic and Black customers By this time it hosted chain stores like Banana Republic B Dalton and Gap along eight bars and restaurants 6 In 2006 PMAT Real Estate Investments purchased the Cocowalk mall for 87 million 5 7 8 In 2007 it experienced what was described as a renaissance with a revival in activity within the mall and new tenants including high end stores signing leases for space within the mall Renovation to the movie theater was made by new tenants Muvico Theaters Having bought it for 87 million PMAT invested 7 million in improvements 8 It was sold for 87 5 million to the Maryland based Federal Realty Investment Trust in 2015 its fifth owner since its opening 5 In 2017 plans to redesign CocoWalk were announced with the intent to get rid of the Spanish style architecture The new design would better cater to the local suburban population as opposed to the previous focus on tourists with owner FRIT citing localization within Miami s communities The Cinepolis movie theater underwent renovations There was a focus on leasing existing vacant space as office space and moving the retail wing to one side of the mall Its vacancy rate was 20 as of May 2017 7 References edit Coco Walk Needs Weathering Miami Herald November 18 1990 pp 12 B Lubove Seth November 8 1994 New Complex Coming Up in the Grove Miami Herald pp 6 B Coco Walk Needs Weathering Miami Herald November 18 1990 pp 12 B a b CocoWalk Shows Grove s Best Worst Miami Herald August 23 1992 pp 2 B a b c d Munzenrieder Kyle CocoWalk Sells for 87 5 Million Miami New Times Retrieved 2022 06 21 Kenny Elena August 18 2004 Cocowalk Cambia de Propetario Nuevo Herald pp 7 B a b Rodriguez Rene May 19 2017 Here s what the new CocoWalk will look like Nuevo Herald pp 8 A a b Smiley David December 16 2007 Cocowalk Steps Up Miami Herald p 3 External links editCocoWalk official website Retrieved from https en wikipedia org w index php title CocoWalk amp oldid 1189616071, wikipedia, wiki, book, books, library,
