New Orleans Real Estate Company Buys Miami's CocoWalk for $87 Million; Redevelopment Strategy: $5 Million Renovation, New Management, New Leasing Team.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- PMAT PMAT Pure Mathematics (course) PMAT Process Maturity PMAT Prophase Metaphase Anaphase Telophase PMAT Portable Maintenance Access Terminal PMAT Product Management and Account Team (Sprint) Real Estate Investments, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a New Orleans-based real estate development company that has acquired and successfully redeveloped 13 Florida retail properties during the past three years, announced today that it has purchased CocoWalk, the Coconut Grove lifestyle center that is considered one of the most successful projects in the retail industry. PMAT CocoWalk, LLC, paid $87 million for the 200,000 sq. ft. outdoor shopping mall. The seller was Thor Gallery at CocoWalk, LLC. "CocoWalk is a landmark asset in a great location, with some of the best brand name stores and restaurants in Miami," said PMAT Principal Robert Whelan. "We plan to give it a little T.L.C. and restore it to its original condition so that Coconut Grove residents and visitors will again utilize the property as the village's town center." To that end, the redevelopment strategy includes an infusion of $5 million in capital improvements, including a complete repainting, new store fronts, a new roof, the repair and replacement of all tile flooring, the refurbishing of the garage, upgraded outdoor lighting, and new landscaping. In addition, a new management, marketing and leasing team has been assembled to carry out these plans. Property One, Inc., headed by Paul F. Dastugue III, will assume overall management of the property. Robert Elsdunne is in charge of the local property management team and Marketing Director Love Ondusko-Levy will handle marketing. Mia Stierheim of Colliers Abood Wood-Fay, Miami-Dade's foremost, locally owned commercial real estate firm, will serve as the leasing agent. One goal of the new leasing strategy will be to complement existing tenants, which include The Gap, Victoria's Secret, FYE FYE For Your Entertainment FYE First Year Experience FYE Fiscal Year End FYE Funding Your Education FYE For Your Eyes (CSD-TV magazine) FYE For Your Enjoyment FYE Full Year Effect FYE First Year Enrichment FYE For Your Edification , Cheesecake Factory, Hooters This article is about the two restaurant chains collectively using the shared Hooters brand. For other uses, see Hooters (disambiguation). Hooters is the trade name of two privately held American restaurant chains: Hooters of America, Inc based in Atlanta, Georgia, and , and an AMC 16-screen theatre. Located at 3015 Grand Avenue in Coconut Grove, CocoWalk is considered one of the pioneering innovators of urban infill retail. Featuring timeless Mediterranean architectural styling around an open, engaging courtyard, CocoWalk has won numerous awards, including the Urban Land Institute Architectural Innovation Award, the International Council of Shopping Centers The International Council of Shopping Centers (ICSC) is an international trade association of the shopping center industry. The organization, founded in 1957, has 65,000 members worldwide, which include shopping center owners, developers and managers, as well as other individuals, Best Urban Mall Award, and the MIPIM MIPIM Marché International des Professionnels d'Immobilier Best International Project Award. For more information, contact Love Ondusko-Levy, Director of Marking for PMAT CocoWalk, LLC, at (305) 772-4612. |
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