Coconut Grove, Miami, Florida 3 – Mile Demographics (1)
The newly reimagined CocoWalk elevates Coconut Grove as Miami’s top destination for those seeking unique retail, dining, and entertainment experiences. Federal Realty acquired the property in 2015 and began its transformation in 2017. Through this major redevelopment, CocoWalk has returned to its former position as the Grove’s geographical and commercial centerpiece.
143,000
(1) Source: STI PopStats as of 1Q21.
~130K SF
Retail Space 27 unique retailers
~120K SF
Office Space 85k SF Class A Office Building
190M
$
60M
$
57,000
Population
Households
$1.2 M
$121,000
Average Home Value
Average Household Income
43
47%
Median Age
College Educated
Miami International Airport
Midtown/ Wynwood Miami
Beach
Downtown Brickell
North Coral Gables Investment
COCONUT GROVE (2)
Value Creation with more to come
(2) Assumes 4.5% cap rate.
South Coral Gables South Miami Pinecrest
Key Biscayne Primary Trade Area
Featured Tenants Thoughtfully curated merchandising mix
Federal Realty Investment Trust | 2022