CocoWalk is an open-air shopping mall in the Coconut Grove neighborhood of Miami, Florida, in the United States.
[3] It marked the transformation of Coconut Grove from a sleepy Bohemian neighborhood following the era of the Cocaine Cowboys.
This disgruntled many locals a few years later, having to deal with an increasingly suburban lifestyle with a tourist presence, along with worsening traffic conditions.
[4][5] Being a popular local shopping destination and tourist attraction, dining and entertainment destination throughout the 90s, the center, however, began to decline in the early 2000s as Miami Beach increased in regional popularity for dining and entertainment and many of the retail chains, combined with its relatively small format, lessened the appeal for shoppers.
[5][4] In 2004, Thor Equities purchased the mall for $120 million in an attempt to tap into Hispanic and Black customers.