Comras Company Leases 33,000 SF At The Canopy In Coconut Grove

Comras Company has fully leased 33,000 square feet in The Canopy, its newly repositioned mixed-used-use building in the heart of Coconut Grove, marking a significant milestone for one of Miami’s in-demand submarkets.

The recently completed project transforms a legacy retail and fitness property into a modern workplace designed to meet the growing demands from national finance and investment firms seeking premium space in Miami’s urban core.

“Coconut Grove is one of the most supply-constrained and desirable destinations for officespace in South Florida,” said Michael Comras, Founder and CEO of Comras Company. “We saw a clear opportunity to reposition this property into a Class-A office environment that aligns with how companies want to operate today, walkable, amenitized, and close to where decision-makers live. Companies no longer want their teams commuting 45 minutes each way. They want community, convenience, and quality. The Canopy delivers that.”

Tenants at The Canopy include Trinity Investments, ACORE Capital, Sasa Management, Link Business School and Principia Capital.

Originally developed by Michael Comras more than 25 years ago, the property has undergone multiple iterations, previously home to Spec’s Music, Old Navy, and Shaq’s 24 Hour Fitness.

The latest redevelopment reimagines the building into a high-design office destination commanding top-of-market rents in one of South Florida’s most competitive markets.

The project’s full lease-up comes as Miami continues to benefit from sustained corporate relocations. Companies such as Palantir Technologies and a growing number of hedge funds and private equity firms, are further tightening Class-A office inventory and driving demand for boutique, walkable office environments like Coconut Grove.The neighborhood has also seen record-setting waterfront transactions, including purchases by Google co-founder Larry Page and billionaire investor Timothy Carver, highlighting the Grove’s appeal to ultra-high-net-worth executives who prioritize proximity, lifestyle and privacy.

The Canopy is designed with a hospitality-forward aesthetic, featuring a concierge and lounge-style seating area. The third floor includes a private 1,671-square-foot rooftop terrace, while office suites overlook Coconut Grove’s iconic tree canopy, offering abundant natural light and asense of privacy rarely found in urban office settings.

On the ground floor, Comras Company curated a complementary tenant mix that enhances the daily experience for office users, including Carrot Express, FedEx, and OneMedical, a modern primary care provider.

“Miami has become a magnet for capital and talent, added Comras. “Our goal was to create a boutique office product that captures that momentum and serves the next generation of firms choosing Coconut Grove as their base.”

The Canopy is located directly across from the newly renovated Mayfair Hotel and CocoWalk, which Comras Company was a co-developer on and fully curated and leased. Within a five-minute walk are Michelin-starred Ariete, Bellini at Mr. C Hotel, Omakai Sushi and a wide range of luxury hotel and residential options.