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The centerpiece of the new CocoWalk will be an open-air courtyard complete with café seating and water features. The centerpiece of the new CocoWalk will be an open-air courtyard complete with café seating and water features.

MIAMI—The ownership of the CocoWalk development in Coconut Grove has commenced construction and demolition work on the next phase of the property’s redevelopment into a mixed-use complex.

The redevelopment effort is led by Rockville, MD-based Federal Realty Investment Trust and local partners Grass River Property and the Comras Co., who joined forces to purchase CocoWalk in 2015 for approximately $87.5 million.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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