After 15 years, a multifamily developer is trading Miami’s Central Business District for Coconut Grove.
The Miami-based American Land Ventures signed a 4,252-square-foot office lease at One CocoWalk in September, according to a press release. The company is moving to the Grove to be closer to where its employees reside. It is currently leasing and subleasing a 6,000-square-foot space in Brickell until the first quarter of 2021.
As a result of American Land Ventures, the five-story, 85,745-square-foot office building is 85% leased. Its other office tenants include the law firm Weinberg, Hudgins, Gunn & Dial, the private equity firm Boyne Capital, and the co-working company Spaces. Office leasing started in 2018; both the office and retail spaces will open in the fourth quarter 2020.
Blanca Commercial Real Estate represented the owner of One CocoWalk, and JLL Managing Directors Steven Hurwitz and Doug Okun represented the tenant American Land Ventures.