In Part 1 of our Miami Power 50, published last week, we gave you the first 18 of Miami commercial real estate’s most extraordinary players, whom we presented as the “Board of Directors” and the “Institutions.” Now we bring you Part 2, either large new forces upon the scene or longer-standing players who’ve had major new impact. And in Part 3 later this week, we’ll be highlighting folks to watch as they start to make big moves, and wizards behind the scenes. All told, these are the remarkable individuals so dramatically changing the face of Miami.
THE NEW HEAT (No. 19-36)
Michael Comras, CEO, Comras Co
The Midas of Lincoln Road who (with Jonathan Fryd) bought a block there in 1999 for $12M, tenanted it with top-drawing retail like Apple, Nike and Gap, then sold it earlier this year to Zara billionaire Amancio Ortega for $370M, now has all eyes upon him as a brilliant real estate alchemist and harbinger of what’s next. Answer: He’s off and running (with Federal Realty and Grass River) to reinvent Cocowalk in Coconut Grove and the Shops at Sunset Place in South Miami. His late dad, "Papa Joe", a major developer in both NY and Miami, would be proud.
Read the complete story at bisnow.com/miami.
Staff Reporter, Bisnowbisnow.com.