Coconut Grove Office Dynamics Should Turn Heads

Chris Dekker, who will lease and market Mary Street on behalf of Terra and Mayfair Advisors

MIAMI—Office users searching for space in Miami’s Coconut Grove neighborhood will have a new address to call home in mid-2019. The team behind the redevelopment of CocoWalk, one of Miami’s most visited lifestyle destinations, plans to meet growing office demand by adding up to 73,000 square feet of class A office space on the property’s east side.

Meanwhile, two of the neighborhood’s deepest-rooted developers are transforming a 1980s-era parking garage into a contemporary mixed-use building that will meet growing demand for office space and prime retail. Developed by Terra in partnership with Mayfair Real Estate Advisors, the Touzet Studio-designed complex—named “Mary Street”—will include 75,000 square feet of class A office space, reimagined retail storefronts at street-level while retaining a public parking garage. Construction will begin in early 2017.