irm Signs Leases with National Finance and Investment Companies
Comras Company has signed two premier tenants for “The Canopy,” its newly redeveloped Class-A boutique offices in the heart of Coconut Grove. The contemporary, 33,000-square-foot office building features move-in ready suites, large windows overlooking the canopy trees, and a grand interior arrival experience with lush landscaping, cascading from the second story along the feature staircase. The third floor is accessed by a semi-private elevator featuring a private rooftop terrace, with the potential for a putting green. The project is slated for delivery in October 2024.
“We recognized the demand for office space in Coconut Grove early on,” said Michael Comras, CEO of Comras Company. “This neighborhood is at the heart of Miami’s most desirable year-round demographics, close to coveted areas like Brickell, Coral Gables and Pinecrest. Our goal was to create a space with a hospitality feel that complements the allure of the Grove lifestyle. Our tenants enjoy proximity to top-rated schools, dining and amenities while benefiting from a state-of-the-art, collaborative office environment in one of the country’s top neighborhoods.”
ACORE CAPITAL, one of the leading U.S. commercial real estate investment managers, will occupy approximately 4,000 square feet, while Trinity Investments, a private real estate investment firm, will take 3,000 square feet. The Canopy Offices will mark the first Miami offices for each firm and serve as a permanent footprint for their South Florida-based teams. These key tenants reflect the caliber of businesses attracted to the prime office space, with Comras actively seeking additional financial services companies, hedge funds and family offices to enhance the collaborative environment.Previous
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“With its modern design, attractive amenities and ideal location in the heart of Coconut Grove Village, The Canopy offers exactly what we were seeking for our first office in South Florida,” said Warren de Haan, CEO of ACORE CAPITAL. “As a major financial and property market, Miami is strategically located relative to our other East Coast office in New York, positioning us well to capitalize on the compelling origination opportunities we have identified in the MSA, as well as along the broader East Coast.”
Comras Company has played a pivotal role in the revitalization of Coconut Grove, attracting a roster of transformative retailers and businesses. As both co-developer and former leasing representatives of CocoWalk, Comras Company successfully leased the iconic retail destination to 100% occupancy upon its reopening, following a multi-million-dollar renovation. In addition, the Company has developed and leased several other buildings in the Village.
The lobby of The Canopy offices will be finished with a hospitality feel and include a seating area with a concierge. The building’s third floor features a private 1,671-square-foot rooftop terrace. The office suites look over views of the Grove’s tree canopy, giving the space a sense of seclusion and abundant natural lighting. On the ground floor, Comras Company has curated a tenant roster featuring Carrot Express, a popular fast-casual restaurant, alongside FedEx and One Medical, a modern primary care facility.
Located directly across from the newly renovated CocoWalk and Mayfair, the offices offer easy access to a variety of dining and coffee options, as well as luxury hotel and residential choices. Within a 5-minute walk, tenants of The Canopy Offices can visit the Grove’s world-class hospitality concepts including the Michelin-starred Ariete, Bellini at the Mr. C Hotel, Omakai Sushi and more.
Originally developed by Comras over 25 years ago, the property is on its third iteration after housing Spec’s Music, Old Navy and most recently Shaq’s 24 Hour Fitness.
About Comras Company
Founded in 1992 by Michael Comras, Comras Company (CC) is a boutique real estate development and leasing firm that has been a driving force behind the transformation of South Florida’s most desirable commercial and mixed-use districts for over 30 years. CC is widely recognized for its role in shaping iconic destinations such as Lincoln Road, Wynwood, Coconut Grove, Downtown Miami, Coral Gables and East Las Olas Boulevard.
With expertise spanning project planning, site identification, marketing, leasing, joint venture development and sales and acquisitions, CC has completed transactions with global retail leaders like Apple, Nike, Sephora and Capital One Bank. The firm has also led the development of Class-A office properties, including One CocoWalk and The Canopy Offices.
Embracing the slogan “Redefining Retail,” CC continues to adapt assets and concepts to meet ever-evolving consumer trends while spearheading developments in top retail destinations such as Coconut Grove, Miami Worldcenter, Las Olas and the Miami Design District.
About ACORE CAPITAL
ACORE CAPITAL, LP is one of the leading U.S. commercial real estate investment managers with approximately $19 billion of assets under management. With offices in New York, Los Angeles, Miami, San Francisco and Dallas, ACORE CAPITAL originates, acquires and manages first mortgages, B-notes, mezzanine debt and preferred equity. ACORE CAPITAL’s success has been fueled by its long-standing industry relationships and access to a consistent pipeline of origination opportunities. For more information, please visit WWW.ACORECAPITAL.COM.
About Trinity Investments
Trinity is a vertically integrated real estate investment firm specializing in hotels and resorts with a focus on value-add opportunities in world-class markets. Trinity has offices in Honolulu, Los Angeles, and London. As of September 2024, Trinity has invested more than US $9.8 billion in the United States, Mexico, Europe, and Japan by leveraging its deep institutional knowledge and longstanding local relationships. For additional information, please visit Trinity’s website at www.trinityinvestments.com. For updates on Trinity’s investment activity, follow Trinity on LinkedIn.
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