Comras Picks Up Another Coconut Grove Asset

The Grove Station Shops in Miami’s Coconut Grove neighborhood was purchased for $12.1 million.

Marlin Family, a Miami-based company managed by Ann D. Bowen, sold the 18,962-square-foot plaza at 2720 S. Dixie Highway to MAC Grove Station LLC, managed by Michael Comras, of Miami Beach-based Comras Co.

Comras is also a co-owner of CocoWalk in Coconut Grove.

Grove Station Shops traded at $638 per square foot. It was built on the 1.45-acre site in 1994 by the recent seller. Tenants include Dunkin Donuts, Subway and AT&T Wireless.

It’s located near the Coconut Grove Station Metrorail stop. Grass River Properties, Comras’ partner in CocoWalk, is building the Grove Station Tower apartment complex just to the north.

That section of Dixie Highway is loaded with traffic between downtown Miami, Coral Gables and the core of Coconut Grove to the south.

 

Source:  SFBJ